The keyboards market is set to grow from $9.56 billion in 2023 to $9.76 billion in 2024, achieving a CAGR of 2.1%. This growth is attributed to the proliferation of personal computing, expansion of gaming and esports, office automation, replacement cycles, and ergonomic considerations. The market is expected to increase to $10.73 billion by 2028, with a CAGR of 2.4%. Key drivers include remote and flexible work trends, customization, the rise of mechanical keyboards, smart device integration, and sustainability. Notable trends include touchpad and trackpoint integration, enhanced durability, smart features, eco-friendly materials, and smart device compatibility.
Major Driver In The Keyboards Market
The keyboard market is experiencing growth driven by the increasing prevalence of gamers using keyboards for gaming. According to a survey by EEDAR, 67% of the total population in the US, amounting to 211.2 million gamers, contributes to the growth of the gaming industry. The continuous rise in the number of gamers, coupled with the introduction of new games, is expected to fuel the demand for gaming keyboards designed to handle fast and repetitive keystrokes. Keyboards offer flexibility with 104 keys on a full-size layout, providing a wide range of potential inputs and mapping game functions for an enhanced gaming experience. The rising prevalence of gamers is a significant factor propelling the growth of the keyboard market, with a projected market size of [2024: Value].
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Keyboards Market Competitive Landscape
Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Lenovo Group Ltd., HP Inc., ZF Friedrichshafen AG, ASUSTeK Computer Inc., OMRON Corporation, Logitech International SA, EpicGear, Corsair Components Inc., Razer Inc., Fellowes Brands LLC, Key Tronic Corporation, Shenzhen Rapoo Technology Co. Ltd., Riitek Corp., Targus Group International Inc., Rapoo Corporation, SteelSeries ApS, Filco Co. Ltd., Topre Corporation, Kinesis Corporation, Matias Corporation, Datadesk Technologies Inc., Fentek Industries Inc., WASD Keyboards, Azio Corporation, Huizhou Greetech Electronics Co. Ltd. - Greetech, Ducky Channel International Co. Ltd., Cooler Master Technology Co. Ltd., Das Keyboard Inc., HyperX, Mistel Keyboard, Nixeus Technology Inc., Wooting technologies
Key Keyboards Market Trend
The growing technological advances is a major trend gaining popularity in the keyboards market. Major companies operating in the keyboard industry are focused on creating innovative keyboard technology solutions. For instance, in September 2023, 3Dconnexion, a Germany-based computer application company launched an innovative new Keyboard Pro with Numpad. This is equipped with 12 programmable 3Dconnexion keys that offer stability and minimal resistance with advanced scissor technology that automatically recognizes active apps and provides access to app-specific commands, saving time and keeping the user focused. .
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Keyboards Market Segmentation
The keyboards market covered in this report is segmented –
1) By Type: Basic Keyboard (QWERTY), Wired Keyboard, Wireless Keyboard, Ergonomic Keyboard, Vertical Keyboard, Compact keyboard, Adjustable keyboard, Split Keyboard, Mechanical Keyboard
2) By Application: Corporate, Personal, Gaming
3) By Distribution Channel: Online Store, Offline Store
By Geography:The regions covered in the keyboards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The North America was the largest region in the keyboard market in 2023.
The Keyboards Global Market Report 2024 furnishes information about the global keyboards market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
