India Laptop Market: Industry Analysis and Forecast (2024-2030)

  • The India Laptop Market size was valued at USD 6.90 Bn. in 2023 and the total India Laptop revenue is expected to grow at a CAGR of 4.5% from 2024 to 2030, reaching nearly USD 9.39 Bn. in 2030.

  • Format : PDF | Report ID : SMR_2149

India Laptop Market Overview-

The India laptop market is driven by several key factors, contributing to the dynamic growth of portable computing. The surge in remote work and digital connectivity has notably increased laptop sales. As businesses adopt flexible work arrangements, professionals demand powerful, portable devices, boosting the market for advanced laptops with enhanced processing capabilities. Additionally, government initiatives promoting digital education and increased internet penetration have further expanded the market. With continuous technological advancements and evolving consumer preferences, the India laptop market is poised for sustained growth, catering to a broad spectrum of personal and professional needs.

 

  • The central government has imposed immediate restrictions on the import of laptops, tablets, all-in-one personal computers, ultra-small computers, and servers. Now, any entity or company wishing to sell these devices in India must obtain permission or a license from the government. This directive was issued by the Directorate General of Foreign Trade (DGFT) and affects seven categories of electronic gadgets under HSN Code 8471. The move aims to regulate and monitor the import of these products more closely.

India Laptop Market

 

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India Laptop Market Dynamics:

  • The India laptop market serves a varied clientele, spanning students, professionals, gamers, and creatives. Recognizing their distinct preferences is crucial for suppliers and vendors. Recent trends show a preference for compact, stylish, and portable laptops, driven by increased remote work and digital education. Additionally, there is rising demand for high-performance models with extended battery life and advanced multimedia features. These shifts underscore a growing consumer appetite for flexible and powerful computing solutions.
  • E-commerce has transformed the India laptop market by offering extensive choice, competitive pricing, and convenient delivery. Online platforms, supported by major players and promotional offers, have democratized access to laptops, fueling significant market growth and establishing e-commerce as a dominant sales channel.
  • The Digital India campaign has spurred laptop adoption in India, particularly through initiatives providing affordable laptops for students and subsidies for educational institutions. This focus on digitalization in governance and healthcare sectors has also boosted laptop procurement, growing market demand significantly.

 

Government policies for India Laptop Market

  • ITA-1 Coverage Impact: Laptops benefit from ITA-1 coverage, exempting them from basic customs duty upon importation, fostering cost efficiencies for stakeholders.
  • Local Manufacturer Advantages: Domestic laptop manufacturers enjoy complete excise duty exemption, bolstering local production and competitiveness in the market.
  • Customs Duty Framework: Imported laptops incur an additional customs duty equivalent to 7%, structured to support local manufacturing while regulating imports.
  • VAT Concessions: Computers, pivotal to India's IT sector, benefit from a reduced VAT rate of 4%, incentivizing consumption and industry growth.
  • GST Implementation Impact: The imminent GST regime promises streamlined tax procedures from 2023, enhancing operational clarity and compliance across the India laptop market.
  • MRP Regime Inclusion Proposal: Proposed under the Finance Bill 2008, laptops are slated for inclusion in the MRP-based excise duty framework, aligning with broader tax reform objectives.

 

India Laptop Market Segment Analysis.

 

Based on Application, the Personal segment held the largest market share of about 55% in the India Laptop Market in 2023. According to the STELLAR analysis, the segment is further expected to grow at a CAGR of 4.6% during the forecast period. The Indian laptop market thrives on rapid tech advancements and widespread smart device adoption, offering seamless connectivity and integration to meet consumer demands for efficiency and interconnectedness.

India Laptop Market1

The personal segment dominates the India laptop market which is driven by widespread consumer demand for everyday use. This segment's high sales volume fuels overall market growth, compelling manufacturers to cater to diverse consumer needs and bolstering the industry as a whole. The price sensitivity within the personal segment significantly shapes laptop manufacturers' pricing strategies in India. To appeal to budget-conscious consumers, manufacturers must offer a spectrum of affordable options. This approach ensures competitiveness and market relevance, aligning with the segment's demand for value without compromising on quality or features.

 

The preferences of the personal segment drive technological advancements in laptops. Growing demand for features like lightweight design and extended battery life spurs innovation in both design and components. Manufacturers focus on meeting these requirements to enhance product appeal, staying ahead in a competitive India laptop market driven by consumer-centric innovation. Also, often mirror broader market trends. For instance, the rise of online learning and entertainment streaming services impacts laptop specifications and features offered by manufacturers. This alignment ensures products meet evolving consumer demands, driving innovation and competitiveness in the dynamic consumer electronics market.

 

India Laptop Market Scope:

India Laptop Market Scope

Market Size in 2023

USD 6.90 Billion

Market Size in 2030

USD 9.39 Billion

CAGR (2024-2030)

4.5%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030S

Segment Scope

 

By Type

  • Traditional Laptop
  • 2-in-1 Laptop

By Application

  • Personal
  • Gaming
  • Business

 

Leading Key Players in the India Laptop Market

  • HCL Enterprise Limited, formerly HCL Computers Limited, is a leading Indian electronics and IT company headquartered in Noida, near Delhi. It comprises HCL Technologies and HCL Info systems, two publicly listed entities in India, specializing in computing and IT solutions.
  • Dell, a globally renowned name in laptops, remains a top choice for users worldwide due to its blend of efficiency, performance, elegance, and customer service. It has expanded its reach into India, tapping into a burgeoning market of IT-conscious consumers. Dell's distribution strategy in India focuses on traditional channels through local partners, catering to a diverse customer base seeking quality laptops.
  • Acer Incorporated, a Taiwanese multinational, offers a diverse range of electronics including desktops, laptops, PDAs, servers, and displays for global markets. Acer India (Pvt) Limited, established in 1999 as a subsidiary, serves sectors like education with desktops and low-profile notebooks. Based in Bangalore, India, it plays a significant role in Acer's global strategy, catering to business, government, and home users.
  • Lenovo Group Limited is a multinational corporation specializing in computer technology. It manufactures desktops, notebook PCs, workstations, servers, storage drives, IT management software, and related services, catering to global markets with a wide range of computing solutions.


Frequently Asked Questions

Increased Demand for Productivity Tools and Remote Work Adoption are expected to be the major driver for the India Laptop market.

1.    India Laptop Market Introduction
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
1.3 Executive Summary 
1.4 Emerging Technologies
1.5 Market Projections
1.6 Strategic Recommendations
2.    India Laptop Market Import Export Landscape
2.1 Import Trends
2.2 Export Trends
2.3 Regulatory Compliance
2.4 Major Export Destinations
2.5 Import-Export Disparities
3.    India Laptop Market: Dynamics
3.1.1 Market Drivers
3.1.2 Market Restraints 
3.1.3 Market Opportunities
3.1.4 Market Challenges

3.2 PORTER’s Five Forces Analysis
3.3 PESTLE Analysis
3.4 Regulatory Landscape
3.5 Analysis of Government Schemes and Initiatives for the India Laptop Industry.
4.    India Laptop Market: Market Size and Forecast by Segmentation (Value) (2023-2030)
4.1 India Laptop Market Size and Forecast, By Type (2023-2030)s
4.1.1 Traditional Laptop
4.1.2 2-in-1 Laptop

4.2 India Laptop Market Size and Forecast, By Application (2023-2030)
4.2.1 Personal
4.2.2 Gaming
4.2.3 Business 

5.    India Laptop Market: Competitive Landscape
5.1 STELLAR Competition Matrix
5.2 Competitive Landscape
5.3 Key Players Benchmarking
5.3.1 Company Name
5.3.2 Service Segment
5.3.3 End-user Segment 
5.3.4 Revenue (2023)
5.3.5 Company Locations

5.4 Leading India Laptop Companies, by market capitalization
5.5 Market Structure
5.5.1 Market Leaders 
5.5.2 Market Followers
5.5.3 Emerging Players

5.6 Mergers and Acquisitions Details
6.    Company Profile: Key Players
6.1 HP (Hewlett-Packard)
6.1.1 Company Overview
6.1.2 Business Portfolio
6.1.3 Financial Overview
6.1.4 SWOT Analysis
6.1.5 Strategic Analysis
6.1.6 Scale of Operation (small, medium, and large)
6.1.7 Details on Partnership
6.1.8 Regulatory Accreditations and Certifications Received by Them
6.1.9 Awards Received by the Firm
6.1.10  Recent Developments

6.2 Dell
6.3 Lenovo
6.4 Apple
6.5 Acer 
6.6 ASUS 
6.7 Others
7.    Key Findings
8.    Industry Recommendations
9.    Terms and Glossary
10.    India Laptop Market: Research Methodology

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