by The global Mechanical Keyboard Market is estimated to be valued at US$ 2113.16 Mn in 2023 and is expected to exhibit a CAGR of 20% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Mechanical keyboards offer tactile and audible feedback compared to regular keyboards. They are preferred by gamers and professionals working on computer for long hours due to their durability and comfort in long term usage.
Market key trends:
Increasing preference of millennials for aesthetically pleasing mechanical keyboards is driving their demand. They are looking for keyboards that match their personalized desktop setup along with functionality. Hence, availability of variety in switch types, backlighting options and casing styles catering to individual tastes is a key trend. Gamers especially appreciate mechanical keyboards performance in games requiring rapid keystrokes. Their tactile feedback response offers better control and accuracy during intense gaming sessions.
Here are the Segment Analysis and Key Takeaways for the Mechanical Keyboard Market:
Segment Analysis
The Global Mechanical Keyboard Market is segmented by type, switch type, application, and distribution channel. By type, the membrane keyboards segment dominates the market as they are cheaper and more durable than mechanical keyboards. However, the mechanical keyboards segment is expected to witness faster growth, as they offer better tactile feel and response time than membrane keyboards.
By switch type, the Cherry MX (red/brown/blue) segment holds the largest share as Cherry switches are known for their durability and tactile feel. The Kailh segment is expected to grow at a significant rate owing to increasing popularity of their budget-friendly switches.
By application, the gaming segment dominates the market as mechanical keyboards enhance gameplay through their responsiveness. However, the commercial segment is growing rapidly due to rising adoption of mechanical keyboards in offices and BPOs.
Key Takeaways
The global mechanical keyboard market is expected to witness high growth, exhibiting a CAGR of 20% over the forecast period, due to increasing popularity of mechanical switches among gamers and professionals.
By region, North America dominates the market currently due to strong presence of gaming hardware companies in the US and Canada. However, Asia Pacific is expected to showcase fastest growth fueled by increasing young population, rapid urbanization, and rising disposable incomes in countries such as China and India.
Key players operating in the mechanical keyboard market are ZF Friedrichshafen AG – Cherry, Huizhou Greetech Electronics Co. Ltd. – Greetech, Kaihua Electronics Co., Ltd. – Kaihl, Trantek Electronics Co., Ltd. – TTC, OMRON Corporation, Corsair, Razer Inc., Rapoo Corporation, Lenovo, Dell HP Development Company, A4TECH, and SteelSeries. Cherry and Kailh capture a major share due to their strong brand recognition and variety of tactile switches. Razer and Corsair are known for their niche gaming keyboards and continue expanding into commercial segment.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
