December 31, 2020
1 min read

Global Laptop Sales Hit Record Highs in 2020

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.

With uncertainty persisting over COVID-19, work-from-home and study-from-home will likely continue into much of 2021 and some part of 2022.

“Therefore, we expect the global laptop shipments to continue to grow slightly in 2021 and 2022. The demand will slow down gradually in 2023,” Zhang said.


After reaching its peak in 2011, the laptop market growth has slowed down with the rise of alternatives such as smartphones and tablets.

“Nonetheless, due to the continuous demand for laptops for commercial use, the market remains relatively stable with global shipments averaging 160 million units over the past few years,” she informed.

Building on their success in smartphones, Huawei and Xiaomi have expanded into laptops, quickly gaining a foothold, especially in the Chinese market.

In 2016, Huawei launched its first MateBook and soon followed it up with a comprehensive product line ranging from low-end to high-end products.

Meanwhile, Xiaomi also launched its Mi Air laptop in the same year, focusing on its light weight and good value for money.

“In the future, we believe that laptops will continue to focus on the ability to process heavier applications such as games, graphic rendering and data processing,” Zhang noted.

Also Read: Festive spike in E-Com demand lesser than expected: Report

Previous Story

Nifty50 Touches 14K Mark First Time Ever

Next Story

Trump shortens Florida trip

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop