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| Global Notebook Market Size |
Notebooks provide high mobility and portability along with features like
enhanced graphics, processing power and battery life ideal for various
applications like gaming, media consumption, education and more. With the
growing trend of bring-your-own-devices among organizations and remote working
model becoming prominent post pandemic, the demand for versatile notebooks
incorporated with functionalities of laptops and tablets is increasing.
The global
Notebook Market is estimated to be valued at US$ 146.02 Bn in 2023 and is
expected to exhibit a CAGR of 4.3% over
the forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Market key trends: The increasing demand for multifunctional notebooks
facilitating both basic computing along with enhanced features like touchscreen,
detachable keyboards, versatile form factors etc is a key trend driving the
global Notebook market. Manufacturers are increasingly focusing on developing
notebook devices with hybrid capabilities catering to personal as well as
professional needs of users. notebooks integrated with features of tablets as
well as laptops are gaining popularity allowing flexible usage across settings.
This is supporting use cases ranging from basic content creation and
consumption to graphic intensive tasks like gaming and video editing in
portable form factor.
Segment Analysis
The global notebook market is dominated by consumer notebooks segment. It
accounted for over 65% share of the overall market in 2023. This is because
notebooks have become an integral part of daily lives for professional as well
as personal use such as emails, content creation, entertainment among others.
However, the commercial notebooks segment is expected to witness steady growth
during the forecast period owing to rising adoption of notebooks by educational
institutions and corporates for training purposes, presentations, managing
accounts etc.
Key Takeaways
The Global
Notebook Market Size is expected
to witness high growth during the forecast period of 2023 to 2030. The global
Notebook Market is estimated to be valued at US$ 146.02 Bn in 2023 and is
expected to exhibit a CAGR of 4.3% over
the forecast period 2023 to 2030.
North
America accounted for the largest share of over 30% of the global notebook
market in 2023. This is due to high spending on technological advancements and
presence of key players in the region. Asia Pacific notebook market is expected
to grow at the fastest pace during the forecast period mainly due to rising
disposable income, increasing education expenditures and growing popularity of
online learning in the region.
Key players operating in the notebook market are HP Inc., Dell Technologies
Inc., Lenovo Group Limited, Acer Inc., Apple Inc. HP Inc. accounted for the
largest share of over 20% in the global notebook market in 2023. This is
attributed to wide portfolio of products across various price ranges and robust
distribution channels. Dell Technologies Inc. holds second largest share owing
to its strong focus towards commercial segment and operational effectiveness.
Lenovo Group Limited has strong presence in Asia and commercial segment which
has been key to its growth.
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