Gaming Laptop Market - Size, Industry Share, Growth Trends and Forecasts (2024 - 2031)

By RAM:

Based on the RAM, the market is segmented into 8GB, 16GB, 32GB, and others.

The 16GB segment accounted for the largest revenue of the total gaming laptop market share in the year 2023.

• Factors including increasing demand for immersive gaming experiences, technological advancements in GPUs, and others are key aspects driving the segment.
• Moreover, 16GB RAM offers a range of benefits including multitasking, enhanced gaming experience, and others.
• For instance, according to Intel, the system with 16GB of RAM can handle modern and more demanding games at high settings, some background apps including voice chat or video highlight capture applications, streaming software, and others.
• Thus, analysis of segmental trends depicts that the 16GB RAM segment dominates the market due to its balance of performance and affordability, catering to both casual and competitive gamers, driving the gaming laptop market growth.

The 32GB segment is anticipated to register a significant CAGR during the forecast period.

• Factors including the popularity of eSports and professional gaming tournaments are key aspects driving the segment.
• Moreover, the primary benefits of 32GB RAM include handling resource-intensive applications, handling data and large files, and others.
• For instance, according to Intel, for resource-intensive multitasking 32GB of RAM fits perfectly, especially for gaming, content creation, and people who often engage in processes that require a lot of memory including video editing and rendering.
• Hence, the 32GB RAM segment is poised for substantial rise, driven by its appeal among professional gamers and content creators requiring higher memory capacities, boosting the gaming laptop market trends.

By Refresh Rate:

Based on the refresh rate, the market is segregated into 60Hz, 120Hz, 144Hz, 240Hz, and 360Hz.

The 120Hz segment accounted for the largest revenue of the overall gaming laptop market share in the year 2023.

• Factors including compatibility with mid-range GPUs, increasing affordability, improved gaming experience, and others are key aspects driving the growth of the 120Hz segment.
• For instance, in May 2022 according to the Display Industry Award, the liquid retina XDR display, featured in Apple's 12.9-inch iPad Pro and 14-inch and 16-inch MacBook Pro, was awarded as a display of the year. It offers an extreme dynamic range with a full-screen-sustaining capability of 1,000 nits and a peak high luminance of 1,600 nits. The ProMotion display technology provides a responsive viewing experience with variable refresh rates ranging from 24 to 120 Hz.
• Therefore, segment trends analysis depicts that the 120Hz refresh rate segment leads in revenue, attributed to its compatibility with mid-range GPUs and affordability, boosting the gaming laptop market demand.

360Hz segment is expected to witness the fastest CAGR during the forecast period.

• 360Hz offers features including motion clarity, ultra-low input lag, smooth gameplay, and others.
• Moreover, 360Hz gaming laptops provide multiple benefits including a faster refresh rate, an advantage in competitive gaming, reduced graphics artifacts, and others.
• For instance, in February 2022 Acer announced the introduction of the brand-new Predator Helios 300 gaming laptop. Targeting ESports enthusiasts as well as competitive gamers across the nation, the laptop comes with a 360Hz refresh rate display which is said to be the fastest one available globally.
• Hence, the 360Hz segment is expected to grow rapidly, especially among competitive gamers who prioritize speed and visual clarity, proliferating the gaming laptop market trends.

By Display Size:

Based on the display size, the market is segregated into up to 14 inches, between 14 inches to 18 inches, and above 18 inches.

The between 14-inch to 18-inch segment accounted for the largest revenue share of 52.01% in the year 2023 and is expected to witness the fastest CAGR during the forecast period.

• Factors including changing preferences, gaming requirements, cost, resolution refresh rate, and others are key aspects driving the segment.
• For instance, in December 2023 MSI, a leading laptop brand known for its luxury design, high performance, and cutting-edge technology, launched its latest flagship gaming laptop, the Titan 18 HX. This groundbreaking device is set to be the first in the world to feature an 18" 4K/120Hz Mini LED display, positioning it as the most premium laptop display currently available.
• Thus, the 14-inch to 18-inch display size segment holds the largest market contribution, favored for its optimal balance of portability and immersive experience. This segment is anticipated to grow further as consumer preferences increasingly align with mid-sized, high-resolution displays.

By Price Range:

Based on the price range, the market is segregated into budget range, mid-range, and premium.

The premium segment accounted for the largest revenue share in the year 2023 and is expected to witness the fastest CAGR during the forecast period.

• Factors including increasing demand for high-performance gaming laptops with advanced features and specifications among hardcore and professional gamers are key aspects driving the segment.
• For instance, according to Asus, the Q3 2021 sales of ASUS gaming laptops place the company as the champion of the category for 23 consecutive quarters. In September market share was around two and a half times greater than that of the second-ranked vendor.
• Hence, the premium segment dominates the market and is set to experience strong growth as demand rises for advanced gaming laptops with superior specifications, driven largely by hardcore and professional gamers, boosting the gaming laptop market expansion.

By Distribution Channel:

Based on the distribution channel, the market is segregated into online, retail stores, authorized resellers and distributors, custom PC builders, and enterprises.

The online segment accounted for the largest revenue share in the year 2023 and is expected to witness the fastest CAGR during the forecast period.

• Factors including growing e-commerce platforms providing offers, a range of products, different brand analyses, and others are key aspects driving the segment.
• For instance, HP's shipments of gaming personal computers (PCs) in India were over 100% more than what the company shipped during the preceding year. After two years ending on 31 March 2023, HP has shipped 2.85 lakh gaming PCs. On the other hand in FY21 the company sold 1.31 lakh gaming PCs which more than doubled to 2.82 lakh in FY22.
• Therefore, as per the trends analysis, the online distribution channel is expected to continue growing as consumers increasingly prefer the convenience and variety provided by online shopping, driving the gaming laptop market expansion.

By End Use:

Based on the end use, the market is segregated into professional gamers, content creators, programmers, and others.

The professional gamers segment accounted for the largest revenue share in the year 2023 and is expected to witness the fastest CAGR during the forecast period.

• Factors including high-end components that are specifically designed for gaming performance are key aspects driving the segment.
• For instance, in February 2024 In India, the latest season of ROG Academy Season 9, has been launched. The primary goal of the program is to encourage young talent to grow and promote high standards within the game world in particular.
• Hence, the professional gamers segment commands the largest market revenue, driven by the need for high-end components tailored for gaming performance, proliferating the gaming laptop market opportunities.

Regional Analysis:

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Asia Pacific region was valued at USD 3,226.78 Million in 2023. Moreover, it is projected to grow by USD 3,328.61 Million in 2024 and reach over USD 4,778.04 Million by 2031. Out of this, China accounted for the maximum revenue of 37.2%. As per the gaming laptop market analysis, the market is primarily driven by the prevalence of increasing disposable income in the region including gaming culture. Moreover, the growing consumer base for gaming laptops has been a prevalent factor for market growth in the region. For instance, Razer won 46 different awards at CES2023, and these include Best of CES from Windows Central, PC Gamer, CNN Underscored, and more.

North America is estimated to reach over USD 6,211.08 Million by 2031 from a value of USD 4,248.10 Million in 2023 and is projected to grow by USD 4,377.48 Million in 2024. The rising popularity of eSports is providing lucrative growth prospects for the market in the region. In addition, factors including technological advancement and growing gamer culture are driving the market in the North American region.

• For instance, in April 2024 Acer launched its new products Acer Nitro 14 and Acer Nitro 16 gaming laptops created with AMD Ryzen 8040 Series processors powered by Ryzen AI technology.

Europe is a key market for gaming laptops, with strong demand from countries like Germany, the UK, and France. The region benefits from a growing e-sports culture and an active gaming community, particularly for competitive and multiplayer games. Technological advancements, such as high-refresh-rate displays and improved GPUs, are in high demand among gamers in Europe. However, the region's strict energy efficiency standards and the high price of gaming laptops may present challenges for some consumer segments.

The regional trends show that the Middle East & Africa region is experiencing steady growth in the gaming laptop market, particularly in the UAE and Saudi Arabia, where e-sports are gaining popularity and investments in gaming infrastructure are increasing. Saudi Arabia's Vision 2030 initiative, which promotes digital entertainment, and the UAE's focus on tech-savvy consumers have boosted demand for high-performance laptops. However, high import costs and limited product availability in some African countries may restrict market expansion.

Latin America is an emerging market, led by Brazil and Mexico. The region's growth is driven by a rising interest in e-sports, increasing internet penetration, and an expanding young population interested in gaming. Brazil's growing gaming culture and Mexico's focus on digital transformation support the demand for gaming laptops with competitive pricing and performance. However, economic instability and fluctuating import taxes in some countries pose challenges to market growth and affordability.