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
- Published: January 2025
- Report Code: KSI061614636
- Pages: 144
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 USD 28.045 billion in 2030 from USD 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 are gaining traction.
- Competitive Landscape: Dominated by key players like Seagate, Western Digital, and Toshiba.
- Challenges: Competition from SSDs is 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
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 | USD 24.196 billion |
| Hard Disk Drive Market Size in 2030 | USD 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 |
|
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Hard Disk Drive Market |
|
| Customization Scope | Free report customization with purchase |
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
- North America
Navigation
Frequently Asked Questions (FAQs)
The hard disk drive market is expected to reach a total market size of USD 28.045 billion by 2030.
Hard Disk Drive Market is valued at USD 24.196 billion in 2025.
The hard disk drive market is expected to grow at a CAGR of 3% during the forecast period.
The growing use of portable, desktop, and network-attached storage hard disk drives to store operating systems, software programs, and other items on magnetic disks is expected to fuel the global hard disk drive market expansion.
The North America region exhibits the maximum growth potential of the hard disk drive market.
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.
List of Tables
Table 1: Research Assumptions
Table 2: Global Hard Disk Drive Market, Key Findings
Table 3: Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 4: Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 5: Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 6: Global Hard Disk Drive Market, By Geography, USD Billion, 2020 to 2030
Table 7: North America Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 8: North America Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 9: North America Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 10: North America Global Hard Disk Drive Market, By Country, USD Billion, 2020 to 2030
Table 11: South America Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 12: South America Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 13: South America Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 14: South America Global Hard Disk Drive Market, By Country, USD Billion, 2020 to 2030
Table 15: Europe Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 16: Europe Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 17: Europe Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 18: Europe Global Hard Disk Drive Market, By Country, USD Billion, 2020 to 2030
Table 19: Middle East and Africa Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 20: Middle East and Africa Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 21: Middle East and Africa Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 22: Middle East and Africa Global Hard Disk Drive Market, By Country, USD Billion, 2020 to 2030
Table 23: Asia Pacific Global Hard Disk Drive Market, By Type, USD Billion, 2020 to 2030
Table 24: Asia Pacific Global Hard Disk Drive Market, By End-User, USD Billion, 2020 to 2030
Table 25: Asia Pacific Global Hard Disk Drive Market, By Storage Capacity, USD Billion, 2020 to 2030
Table 26: Asia Pacific Global Hard Disk Drive Market, By Country, USD Billion, 2020 to 2030
Table 27: Global Hard Disk Drive Market, Strategy Analysis of Major Players
Table 28: Global Hard Disk Drive Market, Mergers, Acquisitions, Agreements, and Collaborations
Table 29: Global Hard Disk Drive Market, Policies and Regulations
Table 30: Seagate Technology Holdings PLC, Products and Services
Table 31: Western Digital Corporation, Products and Services
Table 32: Toshiba Memory Corporation, Products and Services
Table 33: Hewlett Packard Enterprise Development LP, Products and Services
Table 34: Sony Corporation, Products and Services
Table 35: Transcend Information Inc., Products and Services
Table 36: Schneider Electric, Products and Services
Table 37: Lenovo, Products and Services
Table 38: ADATA Technology Co., Ltd., Products and Services
Table 39: Buffalo Americas Inc., Products and Services
List of Figures
Figure 1: Global Hard Disk Drive Market Size, USD Billion, 2020 to 2030
Figure 2: Global Hard Disk Drive Market Segmentation
Figure 3: Key Market Drivers Impact Analysis
Figure 4: Key Market Restraints Impact Analysis
Figure 5: Porter’s Five Forces Analysis: Bargaining Power of Suppliers
Figure 6: Porter’s Five Forces Analysis: Bargaining Power of Buyers
Figure 7: Porter’s Five Forces Analysis: Threat of New Entrants
Figure 8: Porter’s Five Forces Analysis: Threat of Substitutes
Figure 9: Porter’s Five Forces Analysis: Competitive Rivalry in the Industry
Figure 10: Global Hard Disk Drive Market, Industry Value Chain Analysis
Figure 11: Global Hard Disk Drive Market, Policies and Regulations
Figure 12: Global Hard Disk Drive Market Share (%), By Type, 2025 and 2030
Figure 13: Global Hard Disk Drive Market Attractiveness by Type, 2030
Figure 14: Global Hard Disk Drive Market, By Type, Internal HDD, USD Billion, 2020 to 2030
Figure 15: Global Hard Disk Drive Market, By Type, External HDD, USD Billion, 2020 to 2030
Figure 16: Global Hard Disk Drive Market Share (%), By End-User, 2025 and 2030
Figure 17: Global Hard Disk Drive Market Attractiveness by End-User, 2030
Figure 18: Global Hard Disk Drive Market, By End-User, Enterprises, USD Billion, 2020 to 2030
Figure 19: Global Hard Disk Drive Market, By End-User, Nearline Storage, USD Billion, 2020 to 2030
Figure 20: Global Hard Disk Drive Market, By End-User, Consumer Use, USD Billion, 2020 to 2030
Figure 21: Global Hard Disk Drive Market Share (%), By Storage Capacity, 2025 and 2030
Figure 22: Global Hard Disk Drive Market Attractiveness by Storage Capacity, 2030
Figure 23: Global Hard Disk Drive Market, By Storage Capacity, Below 1TB, USD Billion, 2020 to 2030
Figure 24: Global Hard Disk Drive Market, By Storage Capacity, 1TB and Above, USD Billion, 2020 to 2030
Figure 25: Global Hard Disk Drive Market Share (%), By Geography, 2025 and 2030
Figure 26: Global Hard Disk Drive Market Attractiveness by Geography, 2030
Figure 27: North America Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 28: North America Global Hard Disk Drive Market Share (%), By Country, 2025 and 2030
Figure 29: North America Global Hard Disk Drive Market Attractiveness, By Country, 2030
Figure 30: USA Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 31: Canada Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 32: Mexico Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 33: South America Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 34: South America Global Hard Disk Drive Market Share (%), By Country, 2025 and 2030
Figure 35: South America Global Hard Disk Drive Market Attractiveness, By Country, 2030
Figure 36: Brazil Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 37: Argentina Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 38: South America (Others) Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 39: Europe Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 40: Europe Global Hard Disk Drive Market Share (%), By Country, 2025 and 2030
Figure 41: Europe Global Hard Disk Drive Market Attractiveness, By Country, 2030
Figure 42: UK Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 43: Germany Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 44: France Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 45: Italy Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 46: Europe (Others) Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 47: Middle East and Africa Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 48: Middle East and Africa Global Hard Disk Drive Market Share (%), By Country, 2025 and 2030
Figure 49: Middle East and Africa Global Hard Disk Drive Market Attractiveness, By Country, 2030
Figure 50: Saudi Arabia Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 51: UAE Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 52: Middle East and Africa (Others) Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 53: Asia Pacific Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 54: Asia Pacific Global Hard Disk Drive Market Share (%), By Country, 2025 and 2030
Figure 55: Asia Pacific Global Hard Disk Drive Market Attractiveness, By Country, 2030
Figure 56: China Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 57: Japan Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 58: India Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 59: South Korea Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 60: Taiwan Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 61: Asia Pacific (Others) Global Hard Disk Drive Market, USD Billion, 2020 to 2030
Figure 62: Global Hard Disk Drive Market Share, 2025
Figure 63: Seagate Technology Holdings PLC, Financials, 2022-2024
Figure 64: Western Digital Corporation, Financials, 2022-2024
Figure 65: Toshiba Memory Corporation, Financials, 2022-2024
Figure 66: Hewlett Packard Enterprise Development LP, Financials, 2022-2024
Figure 67: Sony Corporation, Financials, 2022-2024
Figure 68: Transcend Information Inc., Financials, 2022-2024
Figure 69: Schneider Electric, Financials, 2022-2024
Figure 70: Lenovo, Financials, 2022-2024
Figure 71: ADATA Technology Co., Ltd., Financials, 2022-2024
Figure 72: Buffalo Americas Inc., Financials, 2022-2024
Seagate Technology Holdings PLC
Toshiba Memory Corporation
Hewlett-Packard Enterprise Development LP
Sony Corporation
Transcend Information Inc.
Schneider Electric
Lenovo
ADATA Technology Co., Ltd.
Buffalo Americas Inc.
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