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Global Mechanical Keyboard Market 2024 - By Share, Size, Growth Analysis And Forecast To 2033
Global Mechanical Keyboard Market
According to The Business Research Company's, The mechanical keyboard market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.60 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to emergence of personal computing, gaming enthusiast adoption, professional typists' preference, retro keyboard revival, esports and competitive gaming.
The mechanical keyboard market size is expected to see rapid growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to growing demand for gaming peripherals, rise in remote workforce, preference for tactile feedback, increasing disposable income, and increasing disposable income. Major trends in the forecast period include enhanced customization options, sustainability and eco-friendly materials, compact and portable designs, integration of advanced features, growing demand for silent switches.
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Market Drivers and Trends:
The rising popularity of online gaming is expected to propel the growth of the mechanical keyboard market going forward. Online gaming refers to playing video games over the internet, often in real-time interaction with other players or virtual environments. The popularity of online gaming is rising due to social interaction, accessibility, diverse content, and competitive opportunities. Mechanical keyboards enhance gaming accuracy by providing tactile feedback, reducing accidental keystrokes, and maintaining consistency in gameplay. For instance, in December 2023, according to DemandSage, a US-based developer of an automated data reporting platform, the global gaming community totaled 3.22 billion individuals, with projections indicating an increase to 3.32 billion by the end of 2024. Therefore, the rising popularity of online gaming is driving the growth of the mechanical keyboard market.
Major companies operating in the mechanical keyboard market are focusing on developing mechanical gaming keyboards, such as the K1 and K2, to elevate the gaming experience for users by providing high-quality, durable, and efficient input devices. The K1 and K2 are mechanical gaming keyboards designed for gaming enthusiasts, offering features that enhance performance and comfort during gameplay. For instance, in February 2024, Portronics Digital Pvt. Ltd., an India-based manufacturer of portable gadgets, launched two new mechanical gaming keyboards, the K1 and K2, designed to cater to gamers seeking precision and speed in gaming equipment. The K1 model features blue tactile switches, while the K2 comes with red linear switches, offering different feedback options for users. These keyboards have anti-ghosting capability, 104 full-sized backlit keys, customizable RGB lighting with over 20 dynamic modes, and a durable ABS body. The K1 and K2 keyboard launches aim to provide users with a premium gaming experience at an accessible price point, enhancing their overall gaming performance and comfort.
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Major Key Players of the Market:
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.
Mechanical Keyboard Market 2024 Key Insights:
• The mechanical keyboard market size is expected to see rapid growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
• Impact Of Online Gaming On Mechanical Keyboard Market
• Innovative Mechanical Gaming Keyboards Elevating The Gaming Experience
• North America was the largest region in the mechanical keyboard market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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