"Consistent Sales in Laptops Industry Since 2016 to Ensure Robust Demand for Laptop Batteries"

The laptop batteries market worldwide is expected to grow with a CAGR of 5.7% during the forecast period from 2018 to 2026. Laptop batteries are among the most integral components of laptop PCs used to power these devices. Although laptops with non-replaceable batteries are gaining traction, laptops with removable batteries form the bulk of the market, making laptop batteries market promising. The market is highly driven by the revival in laptop PCs sales from the year 2016. In addition, limited battery lifespan (though inconvenient to users) serve as a market-driving factor for manufacturers. Laptop batteries typically have lifespan of 2-3 years, making battery replacement frequent. Considering the continued preference of laptop PCs as compared to tablets, the demand for laptop batteries is expected to remain strong throughout the forecast period.

"Aftermarket Segment to Dominate the Market throughout the Forecast Period"

In 2017, the aftermarket segment dominated the market with nearly 2/3rd of total market value. The market is majorly dependent upon the existing number of laptops present worldwide. Due to limited lifespan, aftermarket segment witnesses higher demand as compared OEMs segment. OEMs segment growth is primarily dependent on new laptop unit shipment. Thus, dip in new laptop sales affects the battery sales through OEMs. As a result, aftermarket segment would continue dominating the market throughout the forecast period.

"Manufacturing Laptop Batteries with Longer Backup and Life to Remain the Major Area of Competition"

Some of the prominent players operating in the laptop batteries market include Amperex Technology Co., Ltd., Amstron Corporation, Battery Technology, Inc., Fujitsu Ltd., Hewlett-Packard (HP) Company, LG Chem Ltd., LikkPower, Panasonic Corporation, Samsung SDI Co., Ltd., Sony Corporation and Toshiba Corporation among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Laptop Batteries market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Laptop Batteries market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Laptop Batteries market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Laptop Batteries market?
• Which is the largest regional market for Laptop Batteries market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Laptop Batteries market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Laptop Batteries market worldwide?