Mechanical Keyboard Market 2020 Global Size, Emerging Trends, Sales Revenue, Business Growth, Opportunities, Future Prospects and Regional Forecast to 2023
Research Reports
Dec 28, 2020
Market Research Future published a research report on “Mechanical Keyboard Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Scope
Market Research Future (MRFR), in its newest “Mechanical Keyboard Market” report, states that the global market of mechanical keyboard is expected to strike a CAGR of 12.1% during the forecast period of 2017 to 2023. In 2017, the global mechanical keyboard market was valued at USD 705.4 million in 2017. MRFR identified that the growing demand for mechanical keyboard among its broad customer base is expected to drive the worldwide market of a mechanical keyboard, which can increase the mechanical keyboard market size to USD 1,361.8 million by 2023.
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Market Synopsis
Durability is a critical parameter that customers consider during any purchase. The immense durability offered by mechanical keyboards is expected to impel the market. The seamless performance of mechanical keyboards is identified as an important factor that can propel the market growth. The availability of both wired and wireless mechanical keyboards that presents consumers with choice is pertaining to enhanced customer experience. This can boost the expansion of the market. The high degree of accuracy offered by mechanical keyboard, their anti-ghost features, improved wiring and better functionality are upscaling the demand for such an advance device. Hence, the market of mechanical keyboard is expected to experience sharp rise. Installation and maintenance of these keyboards is easy and their cost is reasonable, which can augment the sales of mechanical keyboards, thereby improve the market health. The gaming industry is booming. Young gamers are looking for high-end graphic games and are comfortable with any price. This is encouraging mechanical keyboard developers to produce sturdy and compatible wired and wireless mechanical keyboard for gaming. This is observed to be another significant cause that is observed to cast a positive impact on the market. Rapid industrialization and expansion of the world population are additional factors that can spur the Mechanical Keyboard Market growth.
Key Players
Some of the key players of Mechanical Keyboard Market include Logitech (Switzerland), Corsair Components (U.S.), Razer Inc. (U.S.), SteelSeries (Denmark), Roccat Studios (Germany), A4Tech Co. Ltd. (Taiwan), OMRON Corporation(Japan), Rapoo Corporation (China), ZF Friedrichshafen AG (Germany), Kaihua Electronics Co. Ltd (China) and Huizhou Greetech Electronics Co. Ltd (China).
Segmental Analysis
The mechanical keyboard market is studied by product type, application, and technology.
- By product, the market is segmented into clicky switches, tactile switches, and linear switches. The tactile switches segment is expected to win high profits for the global mechanical keyboard market during the forecast period. The expansion of the gaming industry is promoting the sales of tactile switches. It is likely to upscale the global mechanical keyboard market.
- By technology, the market is sectioned into wireless mechanical keyboard and wired mechanical keyboard. The wired mechanical keyboard segment is expected to expand at a high growth rate. The increase in the use of wired mechanical keyboards due to rapid industrialization, resulting in the expansion of the corporate space is expected to boost the expansion of the market. Alongside, the high demand for wireless mechanical keyboard among video gamers, as wireless keyboard allows more flexibility in movements of gamers. This is expected to catalyze the growth of the mechanical keyboard market.
- By application, the mechanical keyboard market is classified into professional gamers, residential, and commercial. The professional gamers segment is likely to gain considerable traction for the mechanical keyboard market. The commercial segment is expected to exhibit a high CAGR across the review period.
- By region, the market is observed to show fast-paced expansion in the Asia Pacific, followed by North America and Europe. It is due to the presence of the well-established IT sector and the rapid expansion of the gaming industry the market in APAC is expected to surge at a high growth rate.
Detailed Regional Analysis
The regional investigation of the mechanical keyboard market covers regions such as Asia Pacific, Europe, North America, the Middle East & Africa, and South America. The Asia Pacific region is anticipated to be the fastest mounting market in the mechanical keyboard market increasing at the uppermost CAGR due to the growing number of professional gamers. China was accredited for the principal market share in 2017 and is anticipated to register the highest CAGR throughout the forecast period. Besides, the European region is anticipated to hold the third prime share in the mechanical keyboard market throughout the assessment period. A few of the factors that are accountable for the market growth consists of the expansion of novel games by key companies of the market in response to the market demand and upsurge in the number of expert gamers.
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Target audience
- Raw material suppliers
- Electronic design automation (EDA) & design tool vendors
- Fabrication, wafer, & foundry process equipment vendors
- Various Mechanical Keyboard manufacturing companies
- Research and development organizations
- Technology providers and investors
- Associations working on Mechanical Keyboard
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