The Gaming Laptop Market is poised to experience substantial growth across all regions during the forecast period. The market is segmented into seven key areas: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.
North America is anticipated to lead the global gaming laptop market, closely followed by Europe. This dominance can be attributed to the widespread adoption of portable personal computers and gaming laptops among consumers, driven by the increasing trend of competitive video gaming at the college level.
South Asia and East Asia are expected to witness a healthy Compound Annual Growth Rate (CAGR) during the forecast period. The rising popularity of gaming laptops in metropolitan cities and smaller towns, along with a growing number of professional e-sports gamers, fuels the market’s growth in developing countries like India.
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The Middle East and Africa present a lucrative opportunity in the global gaming laptop market. Manufacturers are introducing budget-friendly gaming laptops with innovative features, targeting mid-range consumers in the region. This strategy is likely to boost the adoption of gaming laptops in the coming years, contributing to market expansion in the Middle East and Africa.
The gaming laptop market is anticipated to record a CAGR of around 4.5% during the forecast period. The market has a current valuation of US$ 11859.39 Million and is likely to grow to US$ 18417.27 Million by 2032.
In the era of computer gaming, there is an increase in the demand for gaming laptop. Consumers are looking for devices that can operate at a high level when it comes to gaming.
Manufacturers are also creating and releasing cutting-edge gaming laptops with cutting-edge hardware to meet the growing demand for gaming laptops. They’re also working to reduce the weight of gaming laptops so that they’re more portable. Due to the powerful gaming hardware, which is capable of high processing speed and power, as well as the cooling systems required, gaming laptops are heavy.
On the other hand, the eSports industry is booming globally, where professional video gamers play competitively. With this growing esports participation, demand for portable gaming computer, and expanding digital platforms, the sales of gaming laptop are likely to grow significantly in the coming years.
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Which are the Key Dynamics Contributing to the Growth of the Gaming Laptop Market?
Over the last few years, there have been significant developments taking place across gaming, mobile, and esports platforms. Currently, the global esports market is a million-dollar industry which is projected to be more than triple during the forecast period.
As, various companies, players, fans, and investors are entering into esports market. Rise in the number of esports participation and audience, which lead to significant potential for companies to advertise products. An increasing number of professional gamers in the developing countries are the factors influencing the growth of the gaming laptop market in the near future. Also, prominent players in the gaming laptop market are focused on increasing their market footprint by entering e-commerce platform to provide gaming laptop accessibility to consumers everywhere.
However, the limited battery life of gaming laptop as compared to ordinary laptops and a slowdown in the global economy due to trade tensions between US and China are some of the factors that may hamper the sales of gaming laptop.
Global Gaming Laptop Market: Key Developments
- Additionally, the company is also targeting to grow its market share from 11% to 15% in the consumer laptops business segment in India market.
- AsusTek Computer Inc. focuses on increasing its market share to 50% in the India gaming laptop market along with expanding its retail footprint to 200 stores by the end of 2019.
Who are the Key Players in the Gaming Laptop Market?
Some of the key players operating in the global gaming laptop market are AsusTek Computer Inc., Micro-Star International Co., Ltd, Razer Inc., Acer Inc., Lenovo Group Limited, The Hewlett-Packard Company, Dell Technologies Inc., Gigabyte Technology Co., Ltd., Samsung Electronics Co., Ltd., ORIGIN PC Corp., AORUS Pte. Ltd., Clevo Corporation, EVGA Corporation, and others.
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