Mechanical Keyboard Global Market Report 2024

The mechanical keyboard market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.6 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth observed in the historic period can be primarily attributed to several factors, including the emergence of personal computing, the increasing adoption among gaming enthusiasts, the preference of professional typists for mechanical keyboards, the revival of retro keyboard designs, and the growing popularity of esports and competitive gaming scenes.

The mechanical keyboard market size is expected to see rapid growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 13%. The anticipated growth in the forecast period can be attributed to several key factors, including the escalating demand for gaming peripherals, the rise of remote work trends, the preference for tactile feedback among users, and the increasing disposable income of consumers. Major trends expected in this period include heightened customization options for keyboards, a shift towards sustainability and the use of eco-friendly materials, the emergence of compact and portable keyboard designs, the integration of advanced features, and a growing demand for silent switches to minimize noise disturbance.

The surge in online gaming activity is poised to be a key driver behind the expansion of the mechanical keyboard market. Online gaming, characterized by playing video games over the internet, often in real-time interaction with other players or virtual environments, is witnessing a steady rise in popularity. This growth is fueled by factors such as social interaction opportunities, enhanced accessibility, diverse content offerings, and competitive gaming prospects. Mechanical keyboards play a pivotal role in enhancing gaming accuracy by delivering tactile feedback, mitigating accidental keystrokes, and ensuring consistency in gameplay. For instance, DemandSage reported in December 2023 that the global gaming community comprised 3.22 billion individuals, with projections indicating a further increase to 3.32 billion by the end of 2024. Consequently, the burgeoning popularity of online gaming serves as a catalyst for the expansion of the mechanical keyboard market.

Key players within the mechanical keyboard market are directing their efforts towards the development of specialized gaming keyboards, such as the K1 and K2, to elevate the gaming experience for users by offering high-quality, durable, and efficient input devices. The K1 and K2 mechanical gaming keyboards are tailored to cater to the needs of gaming enthusiasts, boasting features that enhance performance and comfort during gameplay. For instance, Portronics Digital Pvt. Ltd., an India-based manufacturer of portable gadgets, introduced two new mechanical gaming keyboards, the K1 and K2, in February 2024. These keyboards are engineered to deliver precision and speed, with the K1 model featuring blue tactile switches and the K2 model equipped with red linear switches, providing users with varied feedback options. Additionally, both keyboards offer anti-ghosting capability, 104 full-sized backlit keys, customizable RGB lighting with over 20 dynamic modes, and a durable ABS body. The launch of the K1 and K2 keyboards aims to offer users a premium gaming experience at an affordable price point, enhancing their overall gaming performance and comfort.

In July 2023, Corsair Gaming, Inc., a US-based developer of gaming and streaming gear, completed the acquisition of Drop to expand its global presence in the personalized keyboards segment. Through this acquisition, Corsair aims to cater to consumer preferences for customizable keyboard options. Drop, a US-based company specializing in manufacturing and offering a diverse range of mechanical keyboards, aligns with Corsair's strategic objectives to diversify its product portfolio and enhance its market competitiveness within the mechanical keyboard industry.

Major companies operating in the mechanical keyboard market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, ZF Friedrichshafen AG, Xiaomi Corporation, Fujitsu Limited, Hewlett Packard Enterprise, Toshiba Memory Corporation, NEC Corporation, Sharp Corporation, ASUSTeK Computer Inc., Western Digital Corporation, Kingston Technology Company Inc., Seagate Technology Holdings plc, OMRON Corporation, Logitech International S.A., FKB Leopold Co. Ltd., Razer Inc., Corsair Gaming Inc., Turtle Beach Corporation, Trust International B.V., Rapoo Technology Co. Ltd.

North America was the largest region in the mechanical keyboard market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mechanical keyboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the mechanical keyboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A mechanical keyboard is a specialized keyboard variant utilizing individual spring-activated switches for each key, offering tactile and audible feedback to users, thereby ensuring precise keystrokes. Renowned for their durability, precision, tactile response, and customizable typing experience, mechanical keyboards are highly favored by enthusiasts and professionals alike. They find extensive application in gaming, typing-intensive tasks, programming, and various scenarios where responsive key feedback is paramount.

Key product categories within mechanical keyboards include tactile switches, clicky switches, and linear switches. Tactile switches are electrical switches that offer tactile feedback upon activation. These keyboards are available in various connectivity options such as wired and wireless configurations, catering to diverse user needs across professional gaming, commercial, and residential settings. End users of mechanical keyboards encompass gaming enthusiasts, educational institutions, households, internet cafes, and more.

The mechanical keyboard market research report is one of a series of new reports that provides mechanical keyboard market statistics, including mechanical keyboard industry global market size, regional shares, competitors with a mechanical keyboard market share, detailed mechanical keyboard market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical keyboard industry. This mechanical keyboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The mechanical keyboard market consists of sales of ten-keyless (TKL) mechanical keyboards, compact mechanical keyboards, ergonomic mechanical keyboards, and gaming mechanical keyboards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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