The Gaming Laptop Market size is projected to experience significant growth across all regions over the forecast period. The market is divided into seven key regions: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa
North America is predicted to be at the forefront of 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 robust Compound Annual Growth Rate (CAGR) during the forecast period. The rising popularity of gaming laptops in both metropolitan cities and smaller towns, coupled with a growing number of professional e-sports gamers, is fueling the market's growth in developing countries like India.
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The Middle East and Africa region present a highly lucrative opportunity in the global gaming laptop market. Manufacturers are capitalizing on this potential by introducing budget-friendly gaming laptops with innovative features, specifically targeting mid-range consumers in the region. This strategic approach is expected to drive the adoption of gaming laptops in the coming years, contributing significantly to market expansion in the Middle East and Africa.
The gaming laptop market is poised to witness a robust Compound Annual Growth Rate (CAGR) of approximately 4.5% during the forecast period. Currently valued at US$ 11,859.39 Million, the market is projected to grow substantially to reach US$ 18,417.27 Million by the year 2032.
As the era of computer gaming continues to thrive, there is a surge in demand for high-performance gaming laptops. Consumers are seeking devices that can deliver top-notch gaming experiences.
In response to the increasing demand, manufacturers are continuously pushing the boundaries by introducing cutting-edge gaming laptops with state-of-the-art hardware. These laptops are designed to meet the growing requirements of gamers. Additionally, manufacturers are striving to enhance portability by reducing the weight of gaming laptops without compromising on performance.
The global eSports industry is experiencing tremendous growth, with professional video gamers participating in competitive gaming events worldwide. The expanding popularity of eSports, coupled with the rise of digital platforms, is driving the sales of gaming laptops significantly, further boosting the market's growth in the years to come.
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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.
