Global laptop market to hit 173 million units in 2020: Counterpoint

New Delhi: Riding on the surge in remote work and learning, the global laptop market will hit a high in 2020, increasing 9 per cent (on-year) to reach 173 million units and over $132 billion in total sales value.

The top three players – Lenovo, Hewlett-Packard and Dell – accounted for 68 per cent of the market in 2020, according to Counterpoint Research.

However, there has been an increased level of competition between the second tier and third tier players.

“Second tier players such as Apple, Asus and Acer have seen their market shares decline in recent years with the emergence of Chinese brands such as Huawei and Xiaomi,” said Mengmeng Zhang, an analyst with Counterpoint.