USD 1.68 billion
Mechanical Keyboard Market Size, Share, Growth Analysis, By Product(Linear Switches, Non-Click Switches, and Click Switches), By Connectivity(Wired Keyboards and Wireless Keyboards), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2181 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
61
|Figures:
76
Mechanical Keyboard Market Insights
Global Mechanical Keyboard Market size was valued at USD 1.68 billion in 2022 and is poised to grow from USD 2.02 billion in 2023 to USD 8.80 billion by 2031, growing at a CAGR of 20.2% in the forecast period (2024-2031).
Mechanical keyboards are constructed with high-quality plastic key switches beneath each keycap, utilizing these switches for the transmission of typing signals. Renowned for their superior build and functionality, mechanical keyboards typically command a higher price compared to their membrane-based counterparts, owing to the incorporation of additional components.
Notably, these keyboards provide enhanced responsiveness and tactile feedback. They are differentiated based on switch types, encompassing linear, tactile, clicky, and hybrid variations. Conversely, membrane keyboards are more cost-effective due to their simpler construction, involving fewer components and featuring variations such as full-travel, scissor-switch, and flat panel designs.
The rise in internet accessibility, with global access reaching 60% in 2021 according to World Bank data, has significantly contributed to the increased adoption of mechanical keyboards. This surge is further propelled by market players introducing innovative keyboard models with additional features, positively impacting the market.
For example, in January 2022, Logitech unveiled two cost-effective mechanical keyboards, the Logitech G413 SE and the Logitech G413 TKL SE, showcasing enhanced durability and tactile mechanical switches made from PBT plastic.
Mechanical keyboards frequently offer customization options, with many models incorporating hot-swappable switches, eliminating the need for soldering during replacements. Additionally, users can personalize their keyboards further by choosing custom keycaps, allowing modifications to both the visual aesthetics and tactile experience of the keyboard.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Linear Switches
Fastest Growth
Linear Switches
Growth Rate
20.2% CAGR
Global Mechanical Keyboard Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Mechanical Keyboard Market Segmental Analysis
The global mechanical keyboard market is segmented on the basis of product, connectivity, application and region. By product type, the market is segmented into linear switches, non-click switches, and clicky switches. By connectivity, the market is segmented into wired keyboards and wireless keyboards. By application, the market is segmented into gaming and office/industrial. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product
The market was mainly led by the linear switches segment, contributing to 35% of the total revenue of 0.59 billion. Emerging economies witness substantial category expansion fueled by heightened demand for linear switches among professional gamers. These switches are favored for their ability to offer swift and precise control during gaming sessions.
On the other hand, the clicky switches category is suffering rapid growth, attributed to the growing need for improved devices facilitating repetitive tasks in professional settings. Clicky switches combine tactile feedback with an audible click sound during key actuation. These switches are preferred by users who enjoy the sensory feedback of both feeling the key actuation and hearing a distinct click sound. Clicky switches are commonly used by typists who appreciate the audible confirmation of key presses.
Analysis By Connectivity
The wireless segment of mechanical keyboards has witnessed substantial growth in response to the increasing demand for flexibility and convenience. Keyboards equipped with Bluetooth or other wireless technologies allow users to connect to a variety of devices without the constraints of cables. This is particularly advantageous in setups where cable management is a concern or in scenarios where users want to control devices from a distance.
The wired connectivity stands out as the fastest-growing segment in the market. Mechanical keyboards often come with wired connectivity options, utilizing USB cables to connect to devices such as computers, laptops, or gaming consoles. Wired connections are known for their reliability and low latency, making them popular among gamers and professionals who prioritize quick response times.
Global Mechanical Keyboard Market By Product Type
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Mechanical Keyboard Market Regional Insights
The Asia-Pacific region has gathered the largest market share, attributed to the presence of manufacturing facilities in countries like China and India. The abundance of affordable labor and cost-effective raw materials has resulted in extensive production in this geographical area. According to Statista's database, the keyboard market in China generates the highest revenue compared to other nations. Furthermore, there has been a substantial increase in the export of keyboards and mice, with exports reaching USD 0.29 billion in July and escalating to USD 0.37 billion in November of the same year.
Europe holds a significant share in the mechanical keyboard market, with Germany leading the region, while the U.K. is poised for the most rapid growth. Western Europe stands out as one of the largest markets due to the presence of major industry players like HP, Dell, ACER, Apple, and ASUS. The keyboard market's growth in this region is propelled not only by increased digitization but also by a substantial working population. Additionally, the proliferation of enterprises, spanning small, medium, and large scales, particularly in countries like France and Germany, contributes significantly to market expansion. These combined factors exert a positive impact on the overall growth and development of the keyboard market in Europe.
Global Mechanical Keyboard Market By Region
- Largest
- Fastest
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Mechanical Keyboard Market Dynamics
Drivers
Enhanced Typing Experience
- The global mechanical keyboard market continues to succeed, contributing users an improved typing experience supreme by traditional membrane keyboards. These mechanical counterparts boast tactile feedback, responsive key switches, and customizable actuation points, all causative to a superior typing encounter. With distinct key switches users can initial their typing experience based on preference. The tactile sensation of each keystroke provides not just precision but also a sustaining feel, crucial for professionals, gamers, and enthusiasts alike. Furthermore, the durability of mechanical keyboards, often made with robust materials like metal or high-quality plastic, confirms a longer lifespan and consistent performance, further emphasizing their appeal in the market.
Rise in Digitalization and Remote Work
- The global mechanical keyboard market is suffering a profound surge driven by the rise in digitalization and the widespread adoption of remote work practices. As the digital landscape expands, considered by increased reliance on computers for various tasks, the demand for efficient and comfortable input devices has grown considerably. Furthermore, the shift toward remote work, enhanced by technological advancements and changing work dynamics, has further powered the need for ergonomic and high-performance peripherals. Mechanical keyboards, renowned for their tactile feedback and durability, have appeared as favored tools for professionals and fanatics alike, providing a comfortable typing experience crucial for continued periods of work from home or remote setups.
Restraints
Compatibility issues with certain devices
- The global mechanical keyboard market appears to have compatibility issues with specific devices, limiting unified integration and user experience. While mechanical keyboards offer superior tactile feedback and durability, their compatibility with some devices, particularly older models or non-standard configurations, poses problems for users seeking universal connectivity. Some mechanical keyboards might lack compatibility with certain working systems or lack plug-and-play functionality, needful additional drivers or software installations for full functionality. These compatibility restraints could deter potential users or require additional troubleshooting efforts, affecting the market's growth by limiting the extensive adoption of mechanical keyboards across varied devices and setups.
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Mechanical Keyboard Market Competitive Landscape
The market exhibitions a moderate level of merging, with a handful of major players imposing a significant share of the revenue. These key industry participants are advantageously intent on the introduction of innovative products to support their market positioning. Additionally, their focus extends to performing strategic initiatives, including partnerships, product launches, and collaborations, enhancing their overall market presence.
Top Player’s Company Profiles
- Corsair Gaming, Inc.
- Logitech International S.A.
- Razer Inc.
- SteelSeries
- HyperX
- DuckyChannel International Co., Ltd.
- Cooler Master Technology Inc.
- ASUS
- Keychron
- ROCCAT
- Redragon
- DAS Keyboard
- Filco Co., Ltd.
- Havit
- Anne Pro
- Varmilo
- Leopold FC
- Varmilo
- Obinslab
- iKBC
- Mistel Keyboards
Recent Developments
- In January 2024, Clicks Technology, a US-based startup, introduced a mechanical keyboard attachment for iPhones. This innovative accessory boasts tactile raised buttons that replicate the feel of the phone's virtual keyboard while incorporating additional keys.
- In January 2024, Lenovo introduced the Xiaoxin K1 Quiet wireless keyboard and mouse (M1) combo during its 2024 product launch event. Priced at 149 Yuan ($21), this combo comes in two sophisticated colors: Moonlit White and Twilight Grey. Both the keyboard and mouse connect through a single 2.4G receiver, offering users a seamless wireless experience.
- In January 2024, the Epomaker DynaTab 75X compact mechanical keyboard was unveiled, promising to revolutionize the user experience for both professionals and gamers with its sleek design and top-notch functionality.
Mechanical Keyboard Key Market Trends
Switch innovation
- The global mechanical keyboard market remains to evolve particularly through ongoing switch innovations. The landscape of switches, essential to a keyboard's functionality and user experience, has seen considerable advancements. Innovations such as the introduction and modification of novel switch technologies, including optical switches and enhancements in existing switch designs like enhanced actuation points and concentrated travel distances, have reshaped user preferences. Optical switches, leveraging light-based actuation, offer quicker response times and increased durability compared to traditional mechanical switches, catering to the demands of both gamers and professionals seeking precision and reliability.
Mechanical Keyboard Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global mechanical keyboard market is suffering robust growth, driven by a combination of factors shaping the modern computing landscape. These high-performance keyboards, made famous by individual mechanical switches under each key, have gained extensive approval due to their tactile feedback, durability, and improved typing experience. The market is pushed by the escalating demand for efficient input devices across diverse applications. The surge in digitalization, joined with the rise of remote work, has strengthened the need for ergonomic and responsive peripherals, further fuelling the market's expansion. Moreover, technological advancements, including the incorporation of innovative features and materials, contribute to the evolving landscape of mechanical keyboards. With a diverse range of offerings catering to different user preferences and applications, the global mechanical keyboard market is poised for continued growth in the foreseeable future.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.68 billion |
| Market size value in 2031 | USD 8.80 billion |
| Growth Rate | 20.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mechanical Keyboard Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mechanical Keyboard Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mechanical Keyboard Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mechanical Keyboard Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mechanical Keyboard Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mechanical Keyboard Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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