2-in-1 laptops market to expand at a CAGR of 21.6% by 2032, forecasts MRFR
Research Reports
Sep 26, 2023
In 2022, the 2-in-1 Laptops Market estimated to be worth USD 5.9 billion. The market for 2-in-1 laptops is anticipated to increase from USD 6.48 billion in 2023 to USD 34.29 billion by 2032, with a compound annual growth rate (CAGR) of 21.6% over the five-year forecast period (2023–2032). The growing popularity of convertible notebooks and 2-in-1 laptops in the corporate sector is one of the main factors driving the market’s growth and expansion. Personal computer devices are in high demand.
Users won’t need to frequently move between devices as they can do multiple tasks at once. This stands for one of the key elements driving the 2 in 1 computer market ahead. Additionally, 2 in 1 notebook producers are increasing their R&D spending to create products that are affordable and satisfy the needs of clients who want to buy on a budget. The 2 in 1 laptop is generating a lot of demand because of the advantages it offers and the admirable way it uses innovation to provide perfection to the target audience.
Additionally, because they are substantially less expensive than the typical price of the laptop, the devices introduced by market participants are a fantastic and affordable alternative. They are referred to be convertible laptops at times. Such convertible bonds used to be excessively expensive. There are many affordable options available right now. The best 2-in-1 laptops serve as portable devices more often than laptops.
Additionally, if buyers buy a tablet separately, they will pay more money. The current trend favours adaptable and pleasant solutions, which are in high demand among market consumers and are projected to expand during the forecast time frame since the global epidemic started, in addition to offering great value for money.
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2-in-1 Laptops Market Key Players
Key Companies in the 2 in-1 Laptops market include
- Toshiba Corporation
- Lenovo Group Limited
- Acer Inc.
- Sony Corporation
- Dell Technologies
- HP Inc.
- Samsung Electronics Co. Ltd.
- Microsoft Corporation
- AsusTek Computer Inc.
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Segmentation
Screen sizes 10.1 inches, 13.3 inches, 14.0 inches, and 15.6 inches are included in the market segmentation for 2-in-1 laptops depending on product. The market was led by devices with screens larger than 13.3 inches in 2022, contributing for 42% of market revenue (USD 2.5 billion).
Based on end-users, the 2 in 1 Laptops Market is segmented into Personal and Commercial. The commercial sector brought in the most money on the market, at roughly 68%.
The study offers market information for North America, Europe, Asia-Pacific, and the rest of the world, organised by region. Due to the increase in linked space and increased use of cloud technologies, the North American 2 in-1 Laptops market area is anticipated to expand significantly throughout the anticipated timeframe. Additionally, the versatility of detachable laptops will stimulate market expansion in the North American continent.
The market for 2-in-1 laptops in Europe has the second-highest market share. During the anticipated period, the Asia-Pacific 2-in-1 Laptops industry will rule this industry.
One of the crucial business tactics used by organisations in the worldwide 2-in-1 Laptop market to benefit customers, acquire untapped market share, and increase revenue is local manufacturing to reduce operational costs and provide aftermarket services to customers. Recently, the electronics industry has benefited greatly from the 2 in 1 laptop market.
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