The Global Computer Hardware Market: Statistics and Trends

Introduction

The global computer hardware market is currently valued at over $500 billion and is expected to grow to $675 billion by 2025. The market is driven by a number of factors, including the increasing demand for laptops, the growing popularity of gaming, and the need for faster and more powerful devices.

The global computer hardware market is highly competitive, with a large number of players. The top five players in the market – HP, Dell, Lenovo, Asus, and Apple – accounted for a combined market share of over 60% in 2018. 

The market is also highly fragmented, with the top 10 players accounting for less than 30% of the market. This provides opportunities for smaller players to gain market share.

To learn more about the global computer hardware market, read on!

The Global Computer Hardware Market: An Overview The global computer hardware market is a rapidly evolving and competitive industry, with the top five vendors accounting for over 60% of the market in 2018. The market is primarily driven by the increasing demand for laptops, gaming, and faster and more powerful devices. Other factors driving the market include technological advancements such as the advent of 5G and Artificial Intelligence, in addition to increasing sales of smartphones and tablets. The market also faces certain challenges as well. These include increasing competition from low-cost Asian competitors, high customer expectations, and the threat of new technologies such as cloud-based services, which can potentially disrupt the market. Market Statistics The global computer hardware market’s growth rate is estimated to be around 6.7% CAGR from 2019 to 2025. The largest region for computer hardware sales is North America, accounting for 35.5% of the global market in 2018. Moreover, according to the Statista Global Consumer Survey, the demand for laptops is expected to grow by over 25% between 2019 and 2024. The Statista Consumer Market Outlook also revealed that tablets accounted for more than 10% of computer hardware sales in 2018, while desktop sales declined by 1.7%. Furthermore, the report showed that a majority of computer hardware sales are concentrated in the consumer market segment, with over 55% of sales in 2018 coming from consumer applications. Top Five Vendors in the Global Computer Hardware Market The top five vendors in the global computer hardware market are HP, Dell, Lenovo, Asus, and Apple. These five vendors account for a majority of the market, with a combined market share of over 60% in 2018. HP is the largest vendor in the market, with a market share of 28.5% in 2018. The company is known for its reliable laptop and desktop models and strong after-sales service. Dell, meanwhile, accounted for 18.5% of the market, with Lenovo growing fast to capture 14% of the market, followed by Asus at 10.5%. Apple continues to be a major player, however, they accounted for 9.3% of the market in 2018, down from 11.8% the year prior. Market Trends The global computer hardware market is anticipated to witness strong growth, with a projected CAGR of 6.7% from 2019 to 2025. There are several key factors driving this growth, including the increasing adoption of laptops, the surging popularity of gaming and esports, and the emerging trend of remote/teleworking. Moreover, technological advancements such as 5G and artificial intelligence (AI) are creating opportunities for vendors to develop new and disruptive products. Another emerging trend in the computer hardware market is the increasing demand for cloud-based services, which have been enabled by the rapid adoption of the internet. This is creating a demand for cloud-hosted software, platforms, and services. In addition, vendors are also investing heavily in research and development for the development of disruptive technologies such as AI, blockchain, and edge computing. 

Conclusion

The global computer hardware market is a highly competitive and fragmented market, with the top five vendors accounting for over 60% of the market in 2018. The market is driven by the increasing demand for laptops, the growing popularity of gaming, and the need for faster and more powerful devices. In addition, technological advancements such as 5G and AI are creating opportunities for vendors to develop new and disruptive products. Moreover, the demand for cloud-based services is increasing, creating opportunities for vendors to develop cloud-hosted software, platforms, and services. The market is expected to experience strong growth, with a projected CAGR of 6.7% from 2019 to 2025.