India Laptop Market Size to Grow at a CAGR of 6.7% Between 2023 and 2028

PRESS RELEASE

Published February 27, 2023

The ‘India Laptop Market Share, Price, Trends, Growth, Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the India laptop market, assessing the market on the basis of its segments like product types, designs, screen sizes, prices, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

India Laptop Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): More than USD 5.5 Billion
• Forecast CAGR (2023-2028): 6.7%
• Forecast Market Size (2028): Around USD 8.1 Billion

The sale of laptops is driven by the expanding young population in India, as the devices are extensively used for the education and employment of students and working professionals.

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The India laptop market expansion is anticipated to proliferate during the forecast period owing to the increasing number of market players and the development of advanced technologies by key players to enhance the affordability of laptops.

The market growth can be attributed to the rising penetration of the internet, which is boosting the utilisation of laptops for online education, remote working, and online shopping. The increasing purchasing power of the emerging middle-class population and the proliferation of numerous small-and-medium-sized enterprises and startups are also expected to provide lucrative growth opportunities to the India laptop market demand in the coming years.

India Laptop Market Definition and Major Segments

A laptop is a portable computing device that is utilised for multiple tasks. It can be used in a variety of contexts, including education, web surfing, work, gaming, normal home computer usage, and entertainment. Laptops are available in varying sizes and processing powers.

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The India market for laptops, by product type, can be bifurcated into:

• Traditional
• 2-in-1

Based on design, the market is divided into:

• Ultrabook
• Notebook
• Others

The market, on the basis of screen size, can be segmented into:

• Up to 10.9″ Inch
• 11″ to 12.9″ Inch
• 13″ to 14.9″ Inch
• 15.0″ to 16.9″ Inch
• More than 17″ Inch

Based on price, the market is categorised into:

• Less than INR 40,000
• INR 40,000 to INR 80,000
• More than INR 80,000

By end use, the market is classified into:

• Personal
• Business
• Gaming
• Others

The regional markets for India laptop market include:

• North India
• East India
• West India
• South India

India Laptop Market Trends

The India laptop market is growing on account of the rising demand for the device for personal and business uses. Factors like the increasing popularity of e-learning and the surging trend of remote work, especially after the COVID-19 pandemic, are also boosting the demand for laptop. Further, the growing adoption of hybrid work culture by major organisations is favouring the India laptop market expansion.

Government programmes like Digital India and Skill India aimed at promoting digital literacy and the accessibility to education and the workforce are pushing the use of laptops and other digital devices. Besides, with the growing trend of digitalisation in various sectors, the demand for laptops for diverse applications like office automation, data analysis, and digital marketing, among others, is likely to surge.

In the India laptop market, the notebook segment is expected to hold a significant share owing to the growing preference for slim, lightweight, and sleeker variants of laptops.

Key Market Players

The major players in the India laptop market report include

• Lenovo Group Limited
• Dell Inc.
• HP Development Company L.P.
• HCL Technologies Limited
• ASUSTeK Computer Inc.
• Apple Inc.
• Acer Inc.
• Samsung Electronics Co., Ltd.
• Micromax Informatics
• Lava International Limited
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

India Laptop Market Size to Grow at a CAGR of 6.7% Between 2023 and 2028

India Laptop Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast

India Laptop Market Definition and Major Segments

India Laptop Market Trends

Key Market Players

IMARC