ID: MRFR/SEM/2646-CR | 100 Pages | Published By Shubham Munde on February 2020
2 in 1 laptop market is expected to grow at a 21.6% CAGR during the forecast period and reach a market valuation worth USD 21.93 billion during the ongoing forecast period of 2020-2030
The 2 in 1 laptop market is witnessing a wide and profitable use amongst the target audience belonging to the commercial sector especially. Owing to the benefits and features rendered, the 2 in 1 laptop market is expected to grow at a 21.6% CAGR during the forecast period and reach a market valuation worth USD 21.93 billion during the ongoing forecast period of 2020-2030. Also, as the name suggests, these laptops perform more than the basic functions of laptops. Also, the product design and variants are vibrant and hence, the demand advances offer convenience to the customers by making their life easier with a comfortable use of the device.
The 2 in 1 laptop market market has an innovative and interesting inmate. The 2 in 1 laptops are the type of laptops that have detachable screens and can also be used in the form of tablets. These help in providing greater convenience to the users by letting them switch between using a keyboard or the tablet’s controls whenever it is feasible for them to do so.
The pandemic has introduced various kinds of issues and struggles. Most of the companies and industry outlets are facing issues due to the restrictions imposed by the government to curb the spread of the pandemic and also, absence of the physical form of functioning. But, for the 2-in-1 laptops with pens, the demand is going to rise. The main reason behind this growth is the introduction of an online curriculum and classes that increases the demand for the market products and devices.
The key market players are focusing on the development of quality products that will enhance the ability of these devices to cater to the demand of a larger audience.
Customers will be able to carry numerous tasks in a single go and will not have to switch devices now and then. This is one of the major factors that will drive the 2 in 1 laptop market towards splendid growth. Also, the 2 in 1 laptop market players are increasing their investment in the research and development department to design products that are pocket-friendly and also suit the preference of the consumers who like to shop on a budget.
Lack of awareness for these products and technical knowledge are the major restraints during the forecast period which the market players need to overcome to grow as per the predictions.
The 2 in 1 laptops are gaining major demand and momentum because of the benefits being offered and an applaudable use of technology to provide quality to the target audience. The devices that are rolled by the market players are an excellent and cost-effective option as they are much cheaper in comparison to the market price of laptops. Also, if you go any buy a tablet separately, you will have to shed extra money. Apart from offering a great value for money, the current trend belongs to flexible and comfortable solutions that are being demanded by the target audience of the market on a large scale and are expected to rise during the forecast period since the pandemic.
The 2-in 1 laptop market has been divided all across the globe based on the product type, end-user, and region.
Based on the Product Type
The 2-in 1 laptop market has been divided all across the globe based on the product type into different screen sizes ranging from 10 inches to 16 inches like 10.1 inches, 13.3 inches, 14.0 inches, 15.6 inches, and others. Either the larger size or the smaller size is commonly used for special and professional purposes.
Based on the End-Users
The 2-in 1 laptop market has been divided all across the globe based on the end-user industry into commercial applications and personal applications. The personal application dividend is further sub-divided into education application, hotels and restaurants application, manufacturing units, corporate usage, and many more.
Based on the Region
The 2 in 1 laptop market has been divided all across the globe based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.
The 2 in 1 laptop market has been divided all across the globe baser on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the 2 in 1 laptop market all across the globe is held by the North American region owing to an increase in connected space coupled with higher adoption of cloud technology. Moreover, detachable laptops can be put to different uses as well drives the market demand in this region.
The second-largest market share in the 2 in 1 laptop market all across the globe is held by the European region owing to the presence of well-established wireless infrastructure along with higher use of advanced technology in police, fire, security, manufacturing, and other industries.
The third-largest market share in the 2 in 1 laptop market all across the globe is held by the Asia-Pacific region owing to the presence of Japan as this country is the main hub of detachable laptops. It has various electronic component and semiconductor manufacturing companies that drive the market demand.
However, the least market share is held by the Latin American region and the Middle East and African region owing to the presence of low infrastructure in both these regions. Low per capita disposable income is another factor that restricts the market growth in these regions.
The most prominent major key players in the 2 in 1 laptop market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the 2 in 1 laptop market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new production process, developing a new product line, innovation in the existing product, and many others to expand their customer base in the untapped market of the 2-in 1 laptop all across the globe.
This global 2 in 1 laptop market research report consists of the following elements mentioned below:
This market research report contains factors that drive the growth of the 2 in 1 laptop market in the global market along with the factors that restrict its growth in the global market. The technical analysis for the growth estimation during the forecasted period is mentioned. The impact of COVID 19 on the sales revenue of the 2 in 1 laptop market all across the globe is mentioned. The future growth rate in the 2 in 1 laptop market during the forecasted period is estimated and mentioned.
Research and consultancy firm, system integrators, research institutes, technology investors, consultancy firms and advisory firms, product manufacturers, product developers, semiconductor product designers and fabricators, electronic component suppliers and distributors, associations and industrial bodies, original equipment manufacturers, and market research and consulting firms.
|Market Size||USD 21.93 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, End User, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Samsung Electronics Co ltd, HP Inc, AsusTek Computer, Inc, Dell Technologies, Microsoft Corporation, Lenovo Group Limited, Sony Corporation, Acer Inc, Toshiba Corporation|
|Key Market Opportunities||The corporate market is showing a tremendous growth in adoption of detachable notebooks or 2 - in – 1 laptops.|
|Key Market Drivers||
Global 2-in-1 laptop market is projected to grow at approximately 21.6% CAGR during the assessment period (2020-2030).
The valuation of the global 2-in-1 laptop market is estimated to increase to USD 21.93 BN by the end of 2030.
Commercial is the largest application segment in the global 2-in-1 laptop market.
Growing adoption of cloud technology & connected space and the growing demand of rugged detachable laptops for security, manufacturing, police, fire, and many enterprise professionals are major tailwinds pushing the growth of the global 2-in-1 laptop market.
North America holds the largest share in the global 2-in-1 laptop market, followed by Europe and Asia Pacific region, respectively.
HP Inc, Samsung Electronics Co ltd, AsusTek Computer, Inc, Microsoft Corporation, Dell Technologies, Lenovo Group Limited, Acer Inc, Sony Corporation, and Toshiba Corporation, are some of the top players operating in the global 2-in-1 laptop market.