Global Hard Disk Drive Market Size, Share, Opportunities, And Trends By Type (Internal HDD, External HDD), By End-Users (Enterprises, Nearline Storage, Consumer use), By Storage Capacity (Below 1TB, 1TB and above), And By Geography - Forecasts From 2025 To 2030

Hard Disk Drive Market Size:

The global hard disk drive market is expected to grow at a rate of 3% CAGR, reaching a market size of US$28.045 billion in 2030 from US$24.196 billion in 2025.

Hard Disk Drive Market Key Highlights:

• Market Growth: Driven by increasing data storage demands across enterprises and cloud services.
• Technological Advancements: Higher capacity HDDs (e.g., 20 TB+) and energy-efficient designs gaining traction.
• Competitive Landscape: Dominated by key players like Seagate, Western Digital, and Toshiba.
• Challenges: Competition from SSDs impacting HDD adoption in consumer electronics.

Hard Disk Drive Market Trends:

The increasing use of portable, desktop, and network-attached storage (NAS) hard disk drives (HDDs) for storing operating systems, software, and digital content is expected to significantly drive the global HDD market's growth. As reliance on magnetic disk-based storage continues, demand for efficient and high-capacity storage solutions rises across both consumer and enterprise sectors.

The surge in smart and connected technologies is also accelerating the need for robust storage infrastructure to manage growing volumes of structured and unstructured data. This shift in consumer electronics trends, including the expansion of IoT and smart devices, is anticipated to further boost the global HDD market.

Moreover, various governments are introducing strategic initiatives to reduce import reliance and strengthen domestic electronics manufacturing. For instance, in August 2023, India imposed a sudden ban on the import of personal computers, including laptops and tablets, to promote local production. In response, several Indian companies have begun developing their own computing devices. Notably, Reliance Jio launched a new laptop model, while Primebook, a startup based in New Delhi, is producing laptops tailored for Indian students.

These developments are expected to fuel further growth in the HDD market, especially as demand for locally manufactured storage components increases alongside computing device production.

Hard Disk Drive Market Growth Drivers:

• High demand in cloud data centers

Climate The demand for data storage devices is anticipated to rise shortly due to the nearly triple increase in Internet protocol traffic in public cloud data centers. As a result, the hard disk drive market is anticipated to experience significant growth in the upcoming years. This market is expanding due to the growing adoption of cloud storage and other enterprise applications.

Furthermore, one of the reasons for the growth in HDD shipments and sales is the stability of the laptop market. Companies embraced cloud computing solutions quickly in response to the sudden shift to remote work and the need for reliable and scalable infrastructure. The hybrid cloud became popular as businesses tried to combine the benefits of public cloud services with the administration and security of on-premises or private facilities.

• Increasing demand in the consumer industry

HDD adoption is notable in the consumer sector, among other industries. These devices are being installed as recording/storage media in an increasing number of consumer electronics appliances as they become smarter daily. HDD applications are quickly spreading to other consumer electronics devices, such as gaming consoles, standalone portable storage devices, and surveillance camera systems, in addition to their traditional application areas in PCs and smartphones. They have a large storage capacity, which is crucial for continuously recording surveillance cameras.

• Rising need for storage

The consumer electronics sector is expanding and changing rapidly. Numerous innovations and new product launches in the industry have resulted in a sharp rise in data consumption as well. Ericsson estimated global smartphone subscriptions to be slightly over 6.4 billion in 2022 and predicted to surpass 7.5 billion by 2028; this growth is anticipated to increase demand for storage solutions.

Furthermore, Ericsson projects that by the end of 2023, the average monthly usage of smartphones worldwide will surpass 20 GB; this is anticipated to drive up demand for data centers since video is the primary source of data consumption.

The growing use of network-attached hard drives and portable devices for operating systems, applications, and other data storage on hard disks will affect the market. These are mostly found in a wide range of consumer and electronic goods. They comprise a reprogrammable rotating magnetic disk with a magnetic writing head and are mainly used for storing and retrieving digital information, including computer data.

Data centres are a company component. They store, manage, back up, and recover data in productivity applications such as e-commerce transactions and business applications. The market will benefit from the United States' growing data centre population.

For example, Cloudscene reports that as of 2023, the United States held the largest share of data center locations worldwide, with 5,375 data centers. Germany and the United Kingdom both had 522 and 517 data center locations, respectively.

Hard Disk Drive Market Recent Developments:

• In May 2024, Western Digital, a leading company in memory technology, introduced portable HDD expansion across its WD®, WD_BLACK™, and SanDisk® Professional product lineups, boasting the world’s highest storage capacity in a 2.5” portable HDD. The WD My Passport portable HDD line, WD_BLACK P10 Game Drive, and SanDisk Professional G-DRIVE® ArmorATD™ will all now be available in 6TB* capacities.

List of Top Hard Disk Drive Companies:

• Seagate Technology Holdings PLC
• Western Digital Corporation
• Toshiba Memory Corporation
• Hewlett-Packard Enterprise Development LP
• Sony Corporation

Hard Disk Drive Market Scope:

Report Metric	Details
Hard Disk Drive Market Size in 2025	US$24.196 billion
Hard Disk Drive Market Size in 2030	US$28.045 billion
Growth Rate	CAGR of 3%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type End-User Storage Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in Hard Disk Drive Market	Transcend Information Inc. Schneider Electric Lenovo ADATA Technology Co., Ltd. Buffalo Americas Inc.
Customization Scope	Free report customization with purchase

 

The Hard Disk Drive Market is analyzed into the following segments:

• By Type
  • Internal HDD
  • External HDD
• By End-User
  • Enterprises
  • Nearline Storage
  • Consumer Use
• By Storage
  • Below 1TB
  • 1TB and above
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key Benefits to the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. CXO Perspective

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View 

5. GLOBAL HARD DISK DRIVE MARKET BY TYPE

5.1. Introduction

5.2. Internal HDD

5.3. External HDD

6. GLOBAL HARD DISK DRIVE MARKET BY END-USER

6.1. Introduction

6.2. Enterprises

6.3. Nearline Storage

6.4. Consumer Use

7. GLOBAL HARD DISK DRIVE MARKET BY STORAGE CAPACITY

7.1. Introduction

7.2. Below 1TB

7.3. 1TB and above

8. GLOBAL HARD DISK DRIVE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Type

8.2.2. By End-Users

8.2.3. By Storage Capacity

8.2.4. By Country

8.2.4.1. USA

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Type

8.3.2. By End-Users

8.3.3. By Storage Capacity

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina 

8.3.4.3. Others

8.4. Europe

8.4.1. By Type

8.4.2. By End-Users

8.4.3. By Storage Capacity

8.4.4. By Country

8.4.4.1. UK

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Others

8.5. Middle East and Africa

8.5.1. By Type

8.5.2. By End-Users

8.5.3. By Storage Capacity

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Others

8.6. Asia Pacific

8.6.1. By Type

8.6.2. By End-Users

8.6.3. By Storage Capacity

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. India

8.6.4.4. South Korea

8.6.4.5. Taiwan

8.6.4.6. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Seagate Technology Holdings PLC

10.2. Western Digital Corporation

10.3. Toshiba Memory Corporation

10.4. Hewlett Packard Enterprise Development LP

10.5. Sony Corporation

10.6. Transcend Information Inc.

10.7. Schneider Electric

10.8. Lenovo 

10.9. ADATA Technology Co., Ltd.

10.10. Buffalo Americas Inc.

Seagate Technology Holdings PLC

Western Digital Corporation

Toshiba Memory Corporation

Hewlett-Packard Enterprise Development LP

Sony Corporation

Transcend Information Inc.

Schneider Electric

Lenovo 

ADATA Technology Co., Ltd.

Buffalo Americas Inc.