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Keycaps Market Share, Industry Trends, Size & Growth 2024
Keycaps Market Share
According to The Business Research Company's, The keycaps market size is expected to see strong growth in the next few years. It will grow to $10.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to continued mechanical keyboard popularity, rise in remote work culture, growing niche markets, environmental sustainability, global supply chain resilience. Major trends in the forecast period include increased collaboration and licensing, rapid technological advancements, material innovation, extended compatibility and layout options, customization and personalization.
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Market Drivers and Trends:
The growing number of gamers is expected to propel the growth of the keycaps market going forward. Gamers refer to individuals who actively engage in playing video games as a form of entertainment, leisure, or competition. Keycaps are primarily used in gaming to provide easy and comfortable movement for gamers while operating the keyboard to avoid the high lifting of fingers to press keys. For instance, in July 2022, according to the World Economic Forum, the PC gaming industry generated approximately $35.2 billion in revenue, showing an increase from the $33.7 billion earned in 2021. Therefore, the growing number of gamers is driving the growth of the keycaps market going forward.
Major companies operating in the keycap market are focusing on product development and innovation, such as blue limited edition keycap, to increase their profitability in the market. The blue limited edition keycap is integrated with the next-generation color 3D printing technology that enhances keycap customization. For instance, in July 2023, HyperX, a US-based manufacturer of gaming products, launched the HyperX liquid blue limited edition keycap. The latest liquid-blue limited edition keycap modifies the look of keyboards by adding an extra element of personalization. These innovative keycaps help to enhance gaming setups and desk setups by adding color printing skills to gaming. Keycap number four in HyperX's HX3D 3D printed lineup, it was released as a limited edition item for 48 hours.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Logitech S.A , Etsy Inc., Razer Inc., Corsair Gaming Inc., WASD Keyboards, Cherry Corporation, SteelSeries ApS, Hammer Corp , Georg Mahr Konstruktion, Filco Keycaps, HyperX, Unicomp Inc., A4Tech Co. Ltd., Keychron, Shenzhen Hexianguanli Technology Co. Ltd., Max Keyboard Inc., Shenzhen Mistel Electronic Co. Ltd., Shenzhen KBDfans Technology Co. Ltd., DuckyChannel International Co. Ltd., Signature Plastics LLC, JTK Group, Infinikey, NovelKeys LLC, Signature Plastics LLC, Tai-Hao Keycap Enterprise Co. Ltd., Happy Balls Keycaps, RWH PTY LTD
Keycaps Market 2024 Key Insights:
• The keycaps is expected to grow to $10.2 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%.
• Surging Demand For Large-Scale Energy Storage Powers Growth In The Vanadium Market
• Rising Focus Towards Product Advancement To Attain Maximum Revenues
• Asia-Pacific was the largest region in the keycaps market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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