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Laptop Accessories Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global laptop accessories products market was valued at USD 12.7 billion in 2022 and is projected to expand at a CAGR of 6.7% from 2023 to 2030. The growth of the market is driven by the increasing demand for laptop accessories products such as laptop bags, laptop chargers, and laptop docks. The rising trend of working remotely due to the COVID-19 pandemic has led to an increase in the demand for laptop accessories products. Moreover, the growing demand for innovative and advanced accessories to enhance the performance of laptops is supporting the growth of the market. For instance, laptop docks are gaining popularity among professionals and gamers, as they offer enhanced connectivity options.
In addition, the increasing focus on environmental sustainability is expected to support the growth of the market. Manufacturers are developing eco-friendly laptop accessories such as laptop bags and laptop sleeves made from recycled materials, which are gaining popularity among consumers. Moreover, the introduction of innovative products such as cooling pads, laptop stands, and laptop arms is further anticipated to drive the market. Furthermore, the rising trend of personalization and customization has led to the development of various laptop accessories products with distinctive designs and styles.
Moreover, the growing popularity of online stores is another factor boosting the market. The availability of a wide range of laptop accessories products on online stores has made it convenient for consumers to shop for laptop accessories. Furthermore, the increasing number of promotional activities and discounts offered by online stores is further propelling the demand for laptop accessories products. Thus, the rising popularity of online stores is expected to provide a lucrative opportunity for the market in the coming years.
Additionally, the increasing popularity of wireless technology is further boosting the growth of the market. The rising demand for wireless laptop accessories products such as wireless mice and wireless keyboards is anticipated to drive the market. The introduction of Bluetooth 5.0 technology is expected to create new opportunities for the market. Furthermore, the rising trend of virtual reality is also expected to boost the market growth. The increasing demand for virtual reality gaming laptops is likely to accelerate the demand for laptop accessories products in the coming years.
Product Insights
The laptop bags segment accounted for the largest share of the laptop accessories market in 2022. Growing penetration of laptops, rising disposable income, and increasing demand for stylish and fashionable laptop bags are some of the key factors driving the growth of the laptop bags market. According to a survey conducted by Deloitte, in April 2020, more than half of the respondents prefer to use a laptop bag instead of a backpack to carry their laptop. Furthermore, the growing demand for lightweight, stylish, and durable laptop bags is expected to create lucrative opportunities for the market growth in the near future.
The laptop sleeves segment is projected to expand at the fastest CAGR over the forecast period. The increasing demand for laptop sleeves from the student population, growing trend of online shopping, and the availability of variety of laptop sleeve designs are some of the factors driving the growth of the laptop sleeves market. According to a survey conducted by YouGov, in April 2020, around 30% of the respondents prefer laptop sleeves for protection, while 20% prefer them for their stylish look. In addition, rising awareness about laptop protection and the growing demand for lightweight and portable laptop sleeves are expected to propel the market growth in the coming years.
Distribution Channel Insights
The traditional retail segment captured the major share of over 42.8% in 2022. The growth of the segment is mainly driven by the presence of several retail stores across the globe and the rising consumer preference for buying laptop accessories in physical stores. According to a survey by Statista in 2020, around 72% of consumers prefer to buy laptop accessories from physical stores as they can seek expert advice and can compare products easily. Moreover, the presence of a large number of laptop accessory retail stores in the market allows customers to buy laptop accessories conveniently.
The e-commerce segment is anticipated to expand at the highest CAGR of 13.3% over the forecast period. The growth of the segment is attributed to the increasing availability of laptop accessories online, as well as improved delivery services, which has made online shopping more efficient and cost-effective. In addition, the rising number of mobile users and the increasing penetration of the internet in developing countries are the major factors driving the growth of the e-commerce segment. Furthermore, the presence of various online discount offers, promotional activities, and the introduction of various payment options have made online shopping more attractive.
Type Insights
The laptop accessories market is segmented on the basis of type into laptop skins, cases, docking stations, laptop cooling pads, and others. The laptop skins segment accounted for the largest revenue share of 32.8% in the year 2022. The laptop skins are used to provide a protective layer to the laptop, while also adding a personalized touch. The laptop skins can be used to add a design or color to the laptop, and also protect it from minor scratches. The laptop skins are generally made of neoprene, rubber, or vinyl. Furthermore, the increasing trend of using laptop skins to showcase individual’s style is expected to drive the segment over the forecast period.
The cases segment is anticipated to expand at the highest CAGR of 10.9% over the forecast period. The laptop cases are mainly used to protect the laptop from any damages. The laptop cases also provide extra storage space to carry laptop accessories such as charging cables, mouse, and portable hard drive. The laptop cases are generally made of neoprene, nylon, and leather. The laptop cases are available in different sizes and colors, and are lightweight and durable. This has increased the popularity of laptop cases among the end-users.
Regional Insights
Europe dominated the market and accounted for the largest revenue share of over 44.3% in 2022. This is mainly ascribed to the presence of major laptop accessory manufacturers in the region, such as HP, Dell, and Apple. Moreover, the presence of a large consumer base of tech-savvy individuals is also expected to drive the growth of the laptop accessories market in the region.
The Asia Pacific is expected to witness the second-fastest growth in the coming years. This can be attributed to the increasing demand for laptops in the region, due to the rising number of students and professionals in countries such as China, India, and Japan. Additionally, rising disposable incomes of individuals in the region are expected to propel the growth of the laptop accessories market in this region. For instance, in October 2021, Logitech launched its Pro Wireless line of gaming accessories in India.
Financial Projections
In this part of the laptop accessories products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your laptop accessories products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a laptop accessories products business comes from sales of laptop accessories, such as cases, keyboards, screen protectors, charging cables, and other accessories. Here you will find a list with a description of each of these items and other possible sources of profit such as wholesale orders.
Projecting Expenses
In this section, all the regular expenses related to keeping the laptop accessories products business running will be described. The list of operating expenses includes rent, wages, utilities, marketing, website hosting, insurance policies, and others.
Key companies & market share insights
Some of the key companies operating in the laptop accessories market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In May 2022, Logitech launched the Logi G Pro X headset designed to provide superior audio quality and comfort.
– In July 2022, Dell launched its new range of laptop bags designed to provide superior protection and style.
– In September 2022, Apple launched the MagSafe Duo charger designed to charge two Apple devices at once.
Some of the prominent players in the laptop accessories market include:
– Logitech International S.A.
– Dell Technologies, Inc.
– HP Inc.
– Apple Inc.
– Microsoft Corporation
– Corsair Component, Inc.
– Targus Group International, Inc.
– Kensington Computer Products Group
– Belkin International, Inc.
– JUJEO
Global Laptop Accessories Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global laptop accessories products market based on product type, distribution channel, and region:
1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)
– Bags & Cases
– Keyboards & Mice
– Adapters
– Cooling Pads
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Retail Stores
– Online
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What are the Main Drivers of the Global Laptop Accessories Market?
[A]: The global laptop accessories market is driven by factors such as increasing demand for gaming laptops, rising consumer preference for lightweight and stylish laptops, and the growing demand for laptop bags and cases. Additionally, the increasing need for peripheral devices such as Bluetooth, Wi-Fi, and USB ports is also driving the market growth.
[Q]: Who are the Key Players in the Global Laptop Accessories Market?
[A]: Key players in the global laptop accessories market include Logitech, Apple, Inc., Dell Technologies, Hewlett Packard Enterprise, Samsung Electronics Co., Ltd., Targus Group International, Inc., Microsoft Corporation, Lenovo Group Limited, and Acer, Inc., among others.
[Q]: What are the Opportunities for Growth in the Laptop Accessories Market?
[A]: The laptop accessories market is expected to witness significant growth opportunities in the near future, with the increasing purchase of laptops, rising demand for gaming laptops, and the increased adoption of smart technologies such as artificial intelligence and virtual reality. Additionally, the increasing demand for laptop bags and cases is also expected to drive the market in the coming years.
[Q]: What are the Challenges Facing the Laptop Accessories Market?
[A]: The laptop accessories market is expected to face certain challenges, such as the increasing cost of raw materials and the difficulty in maintaining product quality. Additionally, the availability of counterfeit products may also pose a challenge to the market.
[Q]: What are the Key Trends in the Laptop Accessories Market?
[A]: The key trends in the laptop accessories market include the introduction of innovative products such as laptop stands, ergonomic laptop bags, and anti-theft laptop cases. Additionally, the introduction of virtual reality applications and gaming laptops is also expected to boost the market in the near future.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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