Mechanical Keyboard Market Trend, Share, Growth, Size, Analysis and Forecast 2032

Mechanical Keyboard Industry Prospective:

The global mechanical keyboard market size was evaluated at $3 billion in 2023 and is slated to hit $10 billion by the end of 2032 with a CAGR of nearly 16% between 2024 and 2032.

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Mechanical Keyboard Market: Overview

Mechanical keyboards are very popular among various people. They make use of mechanical switches for every key that is audible when clicked. It inculcates a sense of fulfillment in typists and minimizes typing mistakes owing to tactile response. It offers key advantages such as strength, enhanced & seamless typing experience, N-key rollover, efficiency, and reparability.

Key Insights

• As per the analysis shared by our research analyst, the global mechanical keyboard market is projected to expand annually at the annual growth rate of around 16% over the forecast timespan (2024-2032)
• In terms of revenue, the global mechanical keyboard market size was evaluated at nearly $3 billion in 2023 and is expected to reach $10 billion by 2032.
• The global mechanical keyboard market is anticipated to grow rapidly over the forecast timeline owing to the increasing technological breakthroughs in mechanical keyboards.
• In terms of product type, the non-tactile linear switches segment is slated to register the highest CAGR over the forecast period.
• Based on application, the gaming segment is predicted to contribute majorly towards the global industry profits in the upcoming years.
• Region-wise, the European mechanical keyboard industry is projected to register the fastest CAGR during the projected timespan.

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Mechanical Keyboard Market: Growth Factors

Escalating demand for mechanical keyboards in various end-use sectors to upsurge the global market expansion by 2032

A surge in the use of mechanical keyboards having key switches is anticipated to spur the global mechanical keyboard market trends. Increasing technological breakthroughs in mechanical keyboards are likely to propel the expansion of the market across the globe. Moreover, the product has an extended lifespan and helps in working precision along with enhancing the keyboard experience, thereby driving the global market expansion. New product launches along with adding new features to the product have resulted in propping up the scope of the growth for the global market. For instance, in the first quarter of 2023, Redragon introduced FRIZZ PRO K616, a tiny keyboard that works with three connective modes. An increment in the number of gamers using these products will further expedite the expansion of the market globally.

Mechanical Keyboard Market: Restraints

Massive need for bringing uniformity in the product can hinder the global industry expansion

Surging costs of the product and demand for standardization & customization of mechanical keyboards are anticipated to hinder the growth of the global mechanical keyboard industry. Lack of awareness about the product benefits among the consumers of developing countries can further retard the progress of the industry globally.

Mechanical Keyboard Market: Opportunities

Surging demand for the product in electronic sports activities is likely to aid the global market demand

Humongous popularity of premium products and the rapid expansion of eSports & gaming sectors will open new growth avenues for the global mechanical keyboard market. Need for customized layouts, low-latency switches, and ergonomic designs will enhance the global market expansion.  An increase in direct-to-customer sales and a surge in product promotional campaigns along with escalating utilization of mechanical keyboards by professionals will prompt the progress of the market in the years ahead.

Mechanical Keyboard Market: Challenges

Supply chain disruptions leading to less raw component supply can obstruct the global industry surge

A rise in the concerns of increased noise from mechanical keyboards can prove to be a huge challenge in the path of growth of the global mechanical keyword industry. Restricted supply of raw materials is anticipated to further constrict the expansion of the industry globally.

Mechanical Keyboard Market: Segmentation

The global mechanical keyboard market is divided into product type, application, and region.                                          

In terms of product type, the mechanical keyboard market across the globe is bifurcated into tactile non-click switches, non-tactile linear switches, and tactile click switches segments. Additionally, the non-tactile linear switches segment, which gained approximately 55% of the global market revenue in 2023, is expected to record the fastest CAGR in the forecast timeline. The expansion of the segment in the coming eight years can be due to an increase in the product preference for smooth & precise keys by games as well as programmers.

Based on the application, the global mechanical keyboard industry is divided into gaming and offices segments. Furthermore, the gaming segment, which garnered approximately 44% of the global industry profits in 2023, is to make remarkable contributions towards the global industry share in the coming eight years. The expansion of the segment in the forecast timespan can be attributed to a rise in product usage in the gaming segment globally.

Mechanical Keyboard Market: Report Scope

Mechanical Keyboard Market: Regional Insights

North America is expected to maintain leadership position in the global market in the forecast timeline

North America, which accounted for 54% of the global mechanical keyboard market revenue in 2023, is expected to establish a key position in the global market in the next few years. In addition to this, the regional market expansion in the forecast timeline can be attributed to swift economic development in Canada and the U.S. An increase in the gaming population in these countries will further contribute to the regional market proceeds in the coming years. Presence of key vendors and manufacturers in these countries will further augment the expansion of the market in the region.

The European mechanical keyboard industry is projected to register the highest growth rate annually in the next couple of years. The growth of the industry in the continent can be due to large-scale fund allocation in improving digital infrastructures in the European countries along with key firms focusing on expanding their presence in various other countries of Europe and APAC. Countries such as the UK and France are predicted to be the key regional revenue pockets.

Key Developments

• In April 2024, Logitech introduced the latest gaming keyboard in its Pro Series. Such moves will drive the growth of the mechanical keyboard market globally.  
• In the third quarter of 2023, DRY STUDIO introduced a mechanical gaming keyboard referred to as Black Diamond 75 having a low latency of 2.4G.

Mechanical Keyboard Market: Competitive Space

The global mechanical keyboard market profiles key players such as:

• iOne Electronic
• CODE Mechanical Keyboard
• Cherry
• Omron Corporation
• Roccat Studios Inc.
• Corsair Components Inc.
• Rantek Electronics Co. Ltd.
• Razer Inc.
• Rapoo Corporation
• Steel Series ApS
• Das Keyboard
• Logitech International
• Ducky Legend
• A4Tech Co. Ltd.
• Newmen
• Keyed Up Labs
• Lenovo
• HP Development Company
• LP
• Dell Corporation.

The global mechanical keyboard market is segmented as follows:

By Product Type

• Tactile Non-Click Switches
• Non-Tactile Linear Switches
• Tactile Click Switches

By Application

• Gaming
• Offices

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa