Programmer and Gamer Keyboard Market Share 2022 Growth, Demand, Future Trends, CAGR Status, Top Manufacturers, Gross Margin Analysis and Forecast to 2031
Kenneth Research released a report on Programmer and Gamer Keyboard Market that consists detailed analysis and industry insights for the forecast period, i.e. 2022-2031. On the basis of analysis of the market value and calculation of the CAGR during the forecast period, the latest trends and business opportunities in the market are discussed in the report.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country’s goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
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On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
The global programmer and gamer keyboard market is estimated to garner a revenue of USD 3661.25 Million by the end of 2030, by growing at a CAGR of 13.23% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market generated a revenue of USD 985.70 Million. The growth of the market can be attributed to the growing gaming industry worldwide and the rising number of active video gamers globally. It has been calculated that the total number of active video gamers around the globe registered close to 2 Billion in the year 2015 and is further expected to reach around 3 Billion by the end of 2022. Additionally, the video game industry is expected to cross over USD 220 Billion by the end of 2025. Over the past few years, with the advancement of computing technologies, the demand for different types of video games has also grown significantly. While many of the gamers play video games as a pastime hobby, on the other hand, there are several of them who have taken playing video games as their main stream career option. The so-called professional gamers, often require gaming accessories that help them to play their video games, which is one of the major factors anticipated to drive the demand for programmer and gamer keyboards.
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The programmer and gamer keyboards are designed to be durable and also have a fast response rate. These keyboards are also equipped with various other functions, unlike the traditional keyboards, and are also designed to be attractive. The ease of availability of these keyboards at a lower cost is also poised to possess numerous growth opportunities for the market in the coming years. The growth of the market can also be attributed to the growing popularity of e-sports globally, along with the availability of advanced keyboards that are equipped features, such as an attached mouse pad, wireless technology, and soft keys with mech-membrane keyboard switches among others. Besides this, the growing availability of the young population, who tends to play more video games, is also expected to drive the growth of the market in the coming years. According to the statistics by the Department of Economic and Social Affairs of the United Nations, the total population in the year 2022 for age groups 10-14, 15-19, 20-24, 25-29, and 30-34 were 650746 Thousands, 621801 Thousands, 600457 Thousands, 591852 Thousands, and 604888 Thousands respectively.
Regionally, the global programmer and gamer keyboard market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 1546.9 Million by the end of 2030, up from a revenue of USD 417.5 Million in the year 2020. The growth of the market in the region can primarily be attributed to the increasing preference amongst individuals for different types of video games and rising consumer spending on video and computer game hardware, software and accessories. In the United States, during the second quarter of 2020, the spending on video and computer game hardware, software and accessories by the consumers of video games was projected to be around USD 12 Billion. Besides this, in the year 2018, in the United States, the share of gamers out of the total population of the nation was recorded close to 70%, up from around 55% in the year 2013.
On the other hand, the market in Europe is projected to register the second-largest revenue of USD 1115.9 Million by the end of 2030, up from a revenue of USD 312.0 Million in the year 2020. Moreover, the market in the region is segmented by country into the United Kingdom, Germany, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. The market in Germany is expected to register the largest revenue of USD 311.9 Million by the end of 2030, up from a revenue of USD 74.5 Million in the year 2020.
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Growth Drivers and Challenges Impacting the Growth of the Global Programmer and Gamer Keyboard Market
Growth Drivers
- Growing Gaming Industry Worldwide
- Increasing Demand for Gaming Accessories Amongst Professional Gamers
Challenges
- High Cost of Gaming Keyboards
Global Programmer and Gamer Keyboard Market Segmentation Synopsis
The global programmer and gamer keyboard market is segmented by connectivity into wireless keyboards and wired keyboards, out of which, the wired keyboards segment is anticipated to generate the largest revenue by the end of 2030, and also grow with a CAGR of 12.93% during the forecast period. By key type, the market is segment into mechanical keyboards and membrane keyboards, out of which, the mechanical keyboards segment is projected to display the largest revenue by the end of 2030 and also grow with the highest CAGR of 13.57% during the forecast period. By switches, the market is segmented into Greentech switches, chiclet switches, rubber dome switches, Kailh switches, cherry MX switches, mecha-membrane switches, Romer-G switches, razer switches, and others. Out of these, the cherry MX switches segment is anticipated to garner the largest revenue of USD 1417.9 Million by the end of 2030, up from a revenue of USD 409.0 Million in the year 2020. By pricing, the market is segmented into high (above USD 100), medium (USD 40 to 100), and low (below USD 40). Out of these, the medium (USD 40 to 100) segment is anticipated to garner the largest revenue of USD 2053.0 Million by the end of 2030, up from a revenue of USD 549.7 Million in the year 2020. By distribution channel, the market is segmented into online, and offline, out of which, the online segment is projected to display the largest revenue by the end of 2030, and also grow with the highest CAGR of 13.87% during the forecast period.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global programmer and gamer keyboard market that are included in our report are CORSAIR, Patriot Memory, Inc., Logitech, G.SKILL International Enterprise Co., Ltd., SteelSeries ApS, Cooler Master Technology Inc., ASUSTeK Computer Inc., Fujitsu Limited, Microsoft Corporation, Hewlett-Packard Enterprise Development LP, Turtle Beach, Inc., Razer Inc., Cherry AG, and others.
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