In 2022, the global gaming laptop market was valued at 11.86 billion U.S. dollars, with forecasts predicting that the market will reach 18.42 billion U.S. dollars by 2032. As the source suggests, the market will experience a compound annual growth rate of 4.5 percent between 2022 and 2032.
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Global market for 2-in-1 laptops increases fast. Their reason is not merely the interest but also versatility and portability in high performances, which covers an extensive field of consumers belonging to students to businesses and various other professionals' lists. Expectation of high growth in these 2-in-1-laptop markets and will continue ahead, as technical advances in processes and display technology enhance the batter lifeline into consumer experience in it. With the emerging trend of work from home and online education, flexible, productive devices are in demand. At the uppermost level, companies are developing lightweight, durable, and convertible machines that will help multiply the growing demand for multitasking. Future upgrades like touch screens, stylus support, and 5G connectivity will propel the market in the subsequent periods. In total, the market for 2-in-1 laptops will increase steadily for the next two years. Recent developments include: April 2022: Hewlett-Packard Development business, LP (the US), a renowned technology business, said on April 18, 2022, that their Chromebook x2 11 was selected as one of the most desirable Chromebook for 2022 due to its foldable keypad and remarkable design and functionality. It is a powerful 2-in-1 laptop released on August 10, 2021, and could be purchased at Best Buy for $299 daily., November 2022: The Surface Pro 9 from Microsoft & Surface Laptop 5 were launched in India using the latest 12th Generation Intel Core i5 and i7 CPUs. The premium laptop range includes features like a screen featuring a high refreshing rate of up to 120Hz, a slim profile, and Dolby Atmos surround sound audio., 2020: Huhtamaki Global purchased two laptop companies, Mohan Mutha Polytech & Laminor S.A., in 2020 to expand into new markets.. Key drivers for this market are: Consumers are increasingly demanding devices that can be used for both work and play. 2 in 1 laptops meet this need, as they offer the best of both worlds. Touchscreens are becoming increasingly popular on 2 in 1 laptops, as they provide a more intuitive and user-friendly experience. Consumers are demanding more powerful and portable devices, as they need to be able to work and play on the go. 2 in 1 laptops meet this need, as they offer a powerful performance in a portable form factor.. Potential restraints include: The high price of 2 in 1 laptops is a major barrier to entry for many consumers. Battery life is a major concern for consumers, as 2 in 1 laptops often have shorter battery life than traditional laptops. Software compatibility is a challenge for 2 in 1 laptops, as they often run on different operating systems than traditional laptops.. Notable trends are: The demand for 2 in 1 laptops is growing rapidly, as they offer the best of both worlds. They are more versatile than traditional laptops, as they can be used for both work and play. They are also lighter and more portable than traditional laptops, making them ideal for people who are always on the go. Touchscreens are becoming increasingly popular on 2 in 1 laptops, as they provide a more intuitive and user-friendly experience. Touchscreens allow users to interact with their devices in a more natural way, making it easier to navigate menus, open apps, and type. Consumers are demanding more powerful and portable devices, as they need to be able to work and play on the go. 2 in 1 laptops meet this need, as they offer a powerful performance in a portable form factor..
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The global gaming laptop market value is expected to reach US$ 19,190.4 million by 2033. The market is anticipated to progress at a CAGR of 4.4% through 2033. The demand for gaming laptops is US$ 12,476.1 million in 2023.
Gaming Laptop Market Size, 2022 | US$ 11,859.4 million |
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Gaming Laptop Market Size, 2023 | US$ 12,476.1 million |
Gaming Laptop Market Size, 2033 | US$ 19,190.4 million |
Value-based CAGR, 2023 to 2033 | 4.4% |
Historical Performance of the Gaming Laptop Market Vs. Forecast Outlook
Attributes | Details |
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Gaming Laptop Market Size (2018) | US$ 10,059.9 million |
Gaming Laptop Market Size (2022) | US$ 11,859.4 million |
Category-wise Insights
Top Component | Graphic Card |
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Market Share (2023) | 24.6% |
Top End User | Professional Gamers |
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Market Share (2023) | 21.4% |
Country-wise Insights
Countries | Market Share (2023) |
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The United States | 32.4% |
Germany | 6.7% |
The United Kingdom | 7.4% |
China | 7.2% |
Australia | 2.2% |
Report Scope of the Gaming Laptop Market
Report Attribute | Details |
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Growth Rate | CAGR of 4.4% from 2023 to 2033 |
Base Year of Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ million, and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization scope | Available Upon Request |
Pricing and Purchase Option | Avail of Customized purchase options to meet your exact research needs. |
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The global refurbished computers and laptops market is expected to thrive at a CAGR of 10.2%. The market value is projected to increase from US$ 17,854.1 million in 2023 to US$ 47,303.2 million by 2033.
Attributes | Key Insights |
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Estimated Global Refurbished Computers and Laptops Market Size (2023) | US$ 17,854.1 million |
Projected Refurbished Computers and Laptops Market Value (2033) | US$ 47,303.2 million |
Value-based CAGR (2023 to 2033) | 10.2% |
Top 5 Vendor Market Share | 40% |
Scope of the Report
Attribute | Details |
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Estimated Market Value (2023) | US$ 17,854.1 million |
Projected Market Value (2033) | US$ 47,303.2 million |
Anticipated Growth Rate (2023 to 2033) | 10.2% |
Share of top 5 players | 40% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ Million for Value |
Key Countries Covered | United States, Canada, Brazil, Mexico, Argentina, Rest of Latin America, China, Japan, South Korea, India, ASEAN, Oceania, Rest of South Asia & Pacific, Germany, Italy, France, United Kingdom, Spain, BENELUX, Nordics, Rest of Western Europe, Poland, Hungary, Romania, Czech Republic, Rest of Eastern Europe, Central Asia, Russia & Belarus, Balkan & Baltics, Saudi Arabia, United Arab Emirates, Turkiye, Northern Africa, South Africa, Israel, Rest of Middle East & Africa |
Key Segments Covered | Product, Operating System, Sales Channel, and Region |
Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
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In 2024, the Chilean laptop and tablet computer market increased by 4% to $619M for the first time since 2021, thus ending a two-year declining trend. In general, consumption, however, showed a noticeable setback. As a result, consumption reached the peak level of $2B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.
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In 2024, the Czech laptop and tablet computer market was finally on the rise to reach $803M after two years of decline. Over the period under review, consumption posted measured growth. Laptop and tablet computer consumption peaked at $1.5B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.
Laptop Carry Case Market Size 2024-2028
The laptop carry case market size is forecast to increase by USD 785.1 million at a CAGR of 3.5% between 2023 and 2028.
The market is experiencing significant growth due to several key trends. One of the primary factors driving market growth is the increased demand for lightweight bags that offer superior protection for laptops. Consumers seek stylish and functional carry solutions to protect their valuable electronics during commuting, travel, and outdoor leisure activities. The market is driven by the increasing purchase decisions for technological gadgets and computers, which require protective cases for safe transportation. Additionally, the growing number of business professionals and students traveling frequently, particularly at airports, has led to an increase in demand for laptop bags. However, the market is also faced with challenges, such as the presence of counterfeit products that may compromise the quality and safety of laptops. These factors, among others, are shaping the dynamics of the market.
What will be the Size of the Laptop Carry Case Market During the Forecast Period?
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The market, a segment of the electronics accessories industry, continues to experience strong growth due to the rising acceptance of laptop technology and the increasing prevalence of lightweight laptop devices and tablets. Sustainability and environmental concerns have emerged as key trends, with eco-friendly materials and energy-efficient features gaining popularity.
Moreover, USB interfaces, power banks, RFID barring, and touch-sensitive features are becoming standard requirements for laptop cases and sleeves. Tech-savvy consumers demand more than just protection; they want accessories that offer added convenience, such as USB charging ports, smartphone functions, and seamless integration with tablets and desktops. Both technology giants and bag manufacturers are vying for market share with innovative designs and advanced features.
How is this Laptop Carry Case Industry segmented and which is the largest segment?
The laptop carry case industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Distribution Channel
Offline
Online
Type
Backpack
Messenger bag
Others
Geography
APAC
China
Japan
North America
US
Europe
Germany
France
South America
Middle East and Africa
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
Laptop carry cases continue to gain popularity among consumers due to their stylish and functional design, offering convenience for business professionals and younger consumers alike. These cases cater to a wide variety of modern-day needs, including specific requirements for laptops, tablets, and other tech gadgets. Brands such as Hermès, known for their luxury bags, have entered the market with offerings like the Oran Laptop bag, crafted from box calf leather. Sustainability and environmental concerns are increasingly important, leading to the rise of laptop sleeves made from eco-friendly materials like nylon and polyester. Innovations in laptop carry cases include USB interfaces, power banks, RFID barring, and even touch-sensitive features that integrate smartphone functions.
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The offline segment was valued at USD 3.37 billion in 2018 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Asia Pacific (APAC) is experiencing significant growth, driven by the region's large and growing population and increasing consumer spending on electronics accessories. China, Japan, and India are key markets, with China leading due to its large consumer base and preference for high-quality, premium laptop carry cases. These countries, which collectively represent approximately 36% of the global population, offer a vast consumer base for laptop carry cases. The market's affordability is another factor, as APAC has the highest population density, making laptop carry cases a popular and accessible choice for mass consumers. Laptop carry cases cater to the rising acceptance of laptop and tablet use for modern-day needs, offering convenience, style, and protection.
Market Dynamics
Our researchers
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The report covers Education PC Market Growth and is Segmented by Type (Laptops, Desktop PCs, All-in-one stations, and Tablets) and by (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
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In 2024, the Jordanian laptop and tablet computer market increased by 28% to $85M for the first time since 2021, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Laptop and tablet computer consumption peaked at $127M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.
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According to Cognitive Market Research, the global notebook computer market size will be USD 71241.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 28496.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 21372.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 16385.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0%` from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3562.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1424.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The portable type category is the fastest growing segment of the notebook computer industry
Market Dynamics of Notebook Computer Market
Key Drivers for Notebook Computer Market
Extensive Use of Digital Transformation and Remote Employment to Boost Market Growth
Companies are depending more and more on notebooks to make sure staff members can work together efficiently, participate in online meetings, and use cloud-based software from home or other distant places. Organizations are now investing in laptops with strong security measures and seamless connectivity to safeguard confidential data due to this change in the nature of work. In response to this need, the laptop market is offering models with premium webcams, noise-canceling microphones, and long-lasting ergonomic designs. With many businesses adopting remote work as a standard practice, laptops will continue to be an essential tool for sustaining connectivity and productivity. For instance, global expenditure on digital transformation increased by more than 16 percent to $1.85 trillion in 2022. Many firms believe that the coronavirus (COVID-19) pandemic was the catalyst for increased spending, as the increase in remote work led to an adoption of cloud technologies that facilitate flexible work arrangements.
Growing BYOD Trend to Drive Market Growth
One of the key drivers of the market's expansion is the growing BYOD trend. The BYOD trend is being adopted by companies across a variety of industries due in large part to an increasing concern among enterprises about increasing productivity. Additionally, by allowing employees to complete their tasks on their own devices, the BYOD policy has improved staff productivity and efficiency, which benefits the firm as a whole. Thus, companies that embrace the BYOD trend can reduce expenses. Therefore, the growing BYOD trend has raised the need for personal devices at the office, including tablets, notebooks, cellphones, and others. It is therefore anticipated that this will fuel the notebook market's expansion.
Restraint Factor for the Notebook Computer Market
The Widespread Adoption of Smartphones has Provided Users with a More Portable and Versatile Computing Device that will Limit Market Growth
One of the main obstacles to the market's expansion is the growing adoption of smartphones. Smartphones now provide the same services as laptops, tablets, and notebooks, thanks to technological advancements. Smartphones have become more popular than other devices due to their small size, lightweight, and ease of mobility, which are some of their advantages over notebooks. Thus, during the forecast year, these issues are to blame for impeding the expansion of the notebook market.
Impact of Covid-19 on the Notebook Computer Market
The market for notebook computers, which was formerly dominated by desktop computers, has seen a notable uptick in demand, particularly during and after the COVID-19 pandemic. The transition to remote work, online learning, and digital entertainment has fueled the desire for mobile and adaptable computing devices. During the pandemic, the increasing use of online learning and remote work led to a high demand for laptops as necessary devices for connectivity and productivity. Notebooks are perfect for...
Between 2022 and 2031, the global refurbished PC market size is forecast to increase. In 2022, the size of this market amounted to less than five billion U.S. dollars and, by 2031, it is forecast to reach a value of 11.8 billion U.S. dollars, growing at a CAGR of 10.8 percent.
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The Dutch laptop and tablet computer market stood at $2.3B in 2023, surging by 6.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $3.2B. From 2022 to 2023, the growth of the market failed to regain momentum.
Global Notebook Batteries Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.
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In 2023, the Belgian laptop and tablet computer market decreased by -12.8% to $823M, falling for the second year in a row after three years of growth. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $1.7B. From 2022 to 2023, the growth of the market remained at a lower figure.
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The size of the Industrial Display System Market was valued at USD 5.12 Billion in 2023 and is projected to reach USD 7.65 Billion by 2032, with an expected CAGR of 5.88% during the forecast period. The Industrial Display System market entails the use of specialized display solutions that deliver information in different industrial settings such as manufacturing, transportation, or automation. They possess durable, high brightness, wide temperature tolerance, and resistance to a wide range of rigorous environmental conditions. There are different types of industrial displays found, such as LCD, LED, OLED, and touch, which have been designed specifically to cater to different needs in industries. Applications of industrial display systems range from production lines and control room usage to equipment monitoring and even in retail kiosks that provide real-time information and performance metrics. Often these include touchscreen interactivity, rugged designs, and wireless connectivity for higher usability and functionality. This trend is fueling the growth of the market with the growing adoption of automation and Industry 4.0 as industries need to have efficient, reliable, and connected display systems for their operations. Some benefits of industrial displays include enhanced operational efficiency, real-time monitoring, and higher productivity. The ruggedness to handle challenging environments along with providing clear visual communication is also seen as a contribution towards reduced downtime and improved decision-making processes. Overall, in the Industrial Display System market, technological development and the need for robust, intuitive, and real-time information systems are driving factors. Recent developments include: In April 2024, On Wednesday, the world's largest manufacturer of personal computers and printers, HP, introduced the Envy x360 14 laptops along with innovative artificial intelligence (AI) technologies for the Indian creators' community., The new laptops are equipped with a button on the keyboard called Microsoft CoPilot, which enables generative artificial intelligence capabilities such as guided search, content development, and other similar functions., There are two color options for the HP Envy x360 14 laptop, which can be purchased either in meteor silver or atmosphere blue. The starting price for this laptop is Rs 99,999., The gadget has a weight of 1.4 kilograms and has an OLED touch panel that is 14 inches in size. Additionally, it is equipped with Intel Core Ultra processors, which allow for high-end production using applications like as Adobe Photoshop, according to a statement released by the firm., "The laptops also come with a Neural Processing Unit (NPU) that helps with battery optimisation by 65 per cent for uninterrupted creativity and productivity," the organization said further., In order to provide superior video capabilities, the HP Envy x360 14 laptops come pre-installed with Windows Studio effects. It offers functions that are powered by artificial intelligence, such as automatically zooming in and cropping the picture as the user progresses along., "Continuing its commitment towards sustainability, HP has designed the new Envy x360 14 laptops with up to 55 per cent recycled metal," according to the business's announcement., The gadget claims that it has a battery life that lasts for more than 14 hours, that it has a fast connection with Wi-Fi 7, and that it has a sophisticated thermal solution that allows for strong performance without producing noise that is disruptive., In May 2022, LG Electronics has announced the release of their OLED TV lineup for 2022. The 2022 OLED portfolio includes the most variety of OLED TVs. This includes the world's largest OLED TV, the LG OLED EVO, which measured 246cm wide., In May 2022, Panasonic unveiled the 2022 core and premium TV lineup, which includes revolutionary OLED and Core LED models ranging in size from 77 to 42 inches. Ultra HD OLED panels, which enhance picture quality with advanced sensors for ambient colour and brightness to adjust for the optimal viewing experience, are among the highlights of these goods.. Notable trends are: Growing applications across various industrial verticals to boost the market growt,h.
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According to Cognitive Market Research, the global Tablet and Notebook Display market size will be USD 41251.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 16500.4 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 12375.3 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 9487.7 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2062.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 825.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
The Tablets Product category is the fastest growing segment of the Tablet and Notebook Display industry
Market Dynamics of Tablet and Notebook Display Market
Key Drivers for Tablet and Notebook Display Market
Increasing Consumer Demand for Portable Devices to Boost Market Growth
The growing consumer demand for lightweight, portable, and high-performance devices like tablets and notebooks is a major driver in the display market. People increasingly want devices that allow them to work, play, and stay connected while on the move. According to the latest American Community Survey (ACS) 1-year estimates, tablet ownership in U.S. households with children was 22 percentage points higher than in those without children in 2021. Overall, 64% of U.S. households owned a tablet that year. In households where the head of household had less than a high school education, 60% of children owned a tablet, compared to just 32% without children. Similarly, among households earning less than $25,000 annually, 62% with children owned a tablet compared to 35% without children, reflecting a 27-percentage point difference. High-resolution displays, known for their vibrant colors, crisp images, and smooth performance, significantly enhance user experience, making them a key selling feature for manufacturers.
Increasing Entertainment and Gaming Applications to Drive Market Growth
The rise of video streaming platforms such as Netflix, YouTube, and Disney+ has led to increased demand for higher-quality screens for media consumption. Users now seek tablets and notebooks with larger, high-resolution displays (QHD and UHD) that offer a superior viewing experience. In 2023, the United States remained the largest market for mobile gaming, generating $22.2 billion in revenue, consistent with 2022 figures and 38% higher than in 2019. Projections suggest that U.S. mobile gaming revenue will continue to grow steadily, potentially reaching $33.5 billion by 2028. In China's iOS mobile game market, in-app purchase (IAP) revenue held steady at $15.1 billion in 2022. Meanwhile, revenue from casual games grew by 8% in 2023 to $28.6 billion, accounting for 38% of global mobile game revenue. Notably, hybrid games have seen significant growth, with revenue in this segment increasing by 30%, surpassing $2.1 billion in 2023. The rising popularity of mobile gaming is also driving demand for better display quality, as gaming-optimized tablets and notebooks require displays with higher refresh rates, improved color accuracy, and superior responsiveness to deliver an enhanced gaming experience.
Restraint Factor for the Tablet and Notebook Display Market
High Cost of Advanced Display Technologies Will Limit Market Growth
While advanced display technologies like OLED and AMOLED offer superior performance (e.g., better contrast ratios, thinner form factors, and energy efficiency), they are significantly more expensive to produce than traditional LCD panels. The higher cost of these displays increases the overall price of tablets and notebooks, which can deter price-sensitive consumers, especially in emerging markets. Innovations such as Mini-LED and Micro-LED displays are more energy-efficient and provide better picture quality, but the manufacturing process is complex and cost...
Microsoft's Windows was the dominant desktop operating system (OS) worldwide as of March 2025, with a market share of around 72 percent. Apple’s Mac operating system has gained market share over the years, growing to command around a fifth of the market. Linux and Google's Chrome OS have retained small but stable market shares in recent years. Different versions of Microsoft Windows From its initial release in 1985, Microsoft Windows has gone through endless mutations. Notable versions include Windows 95, Windows XP, and Windows 7. Windows 11 is the newest addition to the family, being able to run on PCs, tablets and embedded devices. In 2022, approximately 65 million PCs were shipped with Windows operating systems installed. Apple’s Mac operating system With an equally long history, Apple’s Mac operating system (macOS, previously Mac OS X and OS X) has also evolved through numerous releases. The most recent version, macOS Ventura, is the nineteenth release of macOS. A older version of macOS, Catalina, is currently the most popular macOS, now run on 87.4 percent of Apple computers as of January 2023. macOS runs on Apple’s Mac computers, including the MacBook, which is Apple’s laptop PC product including the MacBook Pro and MacBook Air, and the iMac – Apple’s desktop computer.
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For the third year in a row, the Indonesian laptop and tablet computer market recorded decline in sales value, which decreased by -49.4% to $572M in 2024. Overall, consumption showed a deep reduction. As a result, consumption reached the peak level of $1.8B. From 2022 to 2024, the growth of the market remained at a lower figure.
The overall market leader in the global personal computer market in 2023 was Lenovo with a market share of 25.5 percent with HP Inc. in at second with a 21.6 percent share. In terms of unit shipments, Lenovo recorded 62.5 million, while HP Inc. had around 53.03 million.
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[227+ Pages Report] The global eSIM market was witnessed USD 8.9 Billion in 2021 and with growth at a CAGR of 16.42% is expected to reach a value of USD 25.8 Billion by 2028.
In 2022, the global gaming laptop market was valued at 11.86 billion U.S. dollars, with forecasts predicting that the market will reach 18.42 billion U.S. dollars by 2032. As the source suggests, the market will experience a compound annual growth rate of 4.5 percent between 2022 and 2032.