The global mechanical keyboard market size was valued at US$1.5 billion in 2022 and is expected to exhibit a CAGR of 15% over the period 2023-2028.
Key Takeaways
Key players operating in the mechanical keyboard market are Logitech, Corsair, Razer, SteelSeries and HyperX. These players are investing heavily in the R&D of mechanical keyboards with customizable key switches and lighting to attract gaming enthusiasts.
The rising popularity of e-sports is fueling the Mechanical Keyboard Market Size for high-performance gaming keyboards. Moreover, mechanical keyboards are also finding increased application in corporate offices owing to their durability. Customization in terms of switch type, lighting and keycaps is also driving their adoption.
Technological advancements such as RGB lighting, wireless connectivity and compatibility with different operating systems have made mechanical keyboards appealing to mainstream users beyond hardcore gamers. The integration of advanced switches is further enhancing the typing and gaming experience.
Market drivers
The popularity of online multiplayer games and growth of e-sports is a major driver accelerating the sales of gaming peripheral devices including mechanical keyboards. Gamers prefer mechanical keyboards for their anti-ghosting feature and tactile feedback. Changing consumer preference towards high-quality personal computing devices from likes of Apple, Microsoft and HP is also propelling the sales of mechanical keyboards. Furthermore, the availability of these keyboards in varied options pertaining to switches, lighting and layout is attracting both professional gamers as well as casual users.
Current challenges in the Mechanical Keyboard Market:
Mechanical keyboards are increasingly gaining popularity among gamers and professionals who desire a superior and more enjoyable typing experience. However, the mechanical keyboard market also faces certain challenges that hamper its growth. One of the major challenges is the higher price points of mechanical keyboards compared to regular keyboards. This acts as a deterrent for many casual users and budget constrained customers. Secondly, the learning curve associated with different switch types can be daunting for new users. It takes time to get accustomed to the tactile feedback which can impact initial user experience. Noise is another factor that limits adoption in public spaces and office environments.
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