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Mechanical Keyboard Market is Expected to Surpass US$  5,312.7  Mn by 2028

Mechanical Keyboard Market is Expected to Surpass US$  5,312.7  Mn by 2028 - Coherent Market Insights

Publish On: Jan 18, 2022

A mechanical keyboard uses switches to send typing/keystroke signals. Such keyboards are expensive when compared to membrane-based keyboards, due to the fact that they comprise additional components. This type of keyboard offers a high degree of responsiveness and tactility. Based on types of switches, these can be categorized into linear, tactile, clicky, and tactile & clicky. Mechanical keyboards are typically used for office & industrial work, gaming, and other applications.

Market Statistics:

The global mechanical keyboard market is expected to surpass US$  5,312.7  Mn in terms of value by the end of 2028.

Market Driver

Rapid replacement of existing PC peripherals is expected to drive growth of the global mechanical keyboard market during the forecast period

Technological advancements have led to the rapid replacement of existing PC peripherals. Furthermore, consumers are focused on replacing their outdated systems with newer PC due to inconsistency and capability issues. It has also become crucial to be updated with the latest technologies. Therefore, these factors are expected to propel the global mechanical keyboard market growth over the forecast period.

Market Opportunity

Rapid growth of gaming sector can provide major business opportunities in the global mechanical keyboard market

The gaming sector provides major business opportunities for market players. The gaming population is rising rapidly, with gamers being a profession for many people. As a result of this, key companies in the market are introducing innovative products such as motion-sensor keyboards, keyboards with backlight, and more, in order to gain a significant advantage in the market. Major players in the market can capitalize on these opportunities by providing novel products and gain a competitive edge in the market.

Global Mechanical Keyboard Market: Recent Developments

  1. In March 2021, Dell Adds Cherry MX Mechanical Keyboard to Alienware m17 R4, Alienware m15 R4 Gaming Laptops Lineup
  2. In November 2019, HP Development Company, L.P. Cherry MX switches for mechanical gaming keyboard. These switches come in a sprawling array of different configurations, allowing you to choose and control the way in which you interact with your keyboard. Boasting a lifespan of over 50 million operations, Cherry MX switches provide unmatched levels of performance, durability, and comfort.

Market Restraint

The availability of low-cost membrane keyboards is expected to restrain growth of the global mechanical keyboard market during the forecast period

Mechanical keyboards are significantly more expensive than membrane keyboards. On the contrary, membrane keyboards are available at competitive prices with advanced alternatives such as multi-functioning mouse and joysticks. Furthermore, membrane keyboards quieter than mechanical keyboards, boosting their demand. Therefore, these factors are expected to restrict growth of the global mechanical keyboard market during the forecast period.

Global Mechanical Keyboard Market - Impact of Coronavirus (Covid-19) Pandemic

The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on mechanical keyboard market.

To know the latest trends and insights prevalent in this market, click the link below:

Key Takeaways:

  • The global mechanical keyboard market was valued at US$ 1,231.6 Mn in 2020 and is forecast to reach a value of US$ 5,312.73  Mn by 2028 at a CAGR of 20.2% between 2021 and 2028.
  • The gaming segment was valued US$ 656.0 Mn in 2020 and is expected to witness a CAGR of 21.2% over the forecast period.

Market Trends

  1. Research and development activities is a key trend

Major companies are focused on research and development activities, in order to enhance the market presence. For instance, in April 2016, SteelSeries ApS launched SteelSeries MX500, tournament-ready ultra-durable mechanical keyboard, embedded with Cherry MX red switches with an anti-ghosting feature that supports up to 104 simultaneous key inputs. 

  1. Inorganic growth strategies by market players

Key market players are focused on inorganic growth strategies such as merger & acquisition, partnerships, and collaborations, in order to gain a significant advantage in the market. For instance, in January 2015, Cherry partnered with Rapid Electronics, a U.K.-based distributor of electronic components and educational products, in order to enhance its presence across Europe.

Competitive Section

Key players operating in the global 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.

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