Global External Hard Disk Drive Market Growth 2025-2031

The global External Hard Disk Drive market size is predicted to grow from US$ 2577 million in 2025 to US$ 3702 million in 2031; it is expected to grow at a CAGR of 6.2% from 2025 to 2031.

The External Hard Disk Drive (HDD) market has seen substantial growth and evolution, driven by the increasing need for reliable and portable data storage solutions. These external HDDs have become an essential accessory for individuals and businesses seeking to expand their storage capacity beyond what internal drives can provide. The market"s expansion can be attributed to the ever-increasing volume of digital data generated by multimedia content, software, backups, and other files, necessitating a secure and convenient means of storage and transfer. External HDDs offer high-capacity options, ranging from a few hundred gigabytes to several terabytes, catering to diverse storage needs. The market also benefits from continuous advancements in HDD technology, resulting in faster data transfer speeds, enhanced durability, and energy-efficient designs. Additionally, the affordability of external HDDs compared to solid-state drives (SSDs) appeals to budget-conscious consumers without compromising significantly on performance. Moreover, the increasing demand for data backup and redundancy solutions has further driven the market"s growth, with users prioritizing data protection and disaster recovery. As cloud storage adoption rises, manufacturers are also integrating cloud backup functionalities into external HDDs, providing users with hybrid storage options. Overall, the External Hard Disk Drive market is poised for continued expansion, addressing the escalating demand for reliable, cost-effective, and portable data storage solutions in an increasingly digital-centric world.

LP Information, Inc. (LPI) ' newest research report, the “External Hard Disk Drive Industry Forecast” looks at past sales and reviews total world External Hard Disk Drive sales in 2024, providing a comprehensive analysis by region and market sector of projected External Hard Disk Drive sales for 2025 through 2031. With External Hard Disk Drive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world External Hard Disk Drive industry.

This Insight Report provides a comprehensive analysis of the global External Hard Disk Drive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on External Hard Disk Drive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global External Hard Disk Drive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for External Hard Disk Drive and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global External Hard Disk Drive.

This report presents a comprehensive overview, market shares, and growth opportunities of External Hard Disk Drive market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Below 5TB
5TB to 10TB
Above 10TB

Segmentation by Application:
Laptop
Desktop PC
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
LaCie
Toshiba
Transcend Information
Buffalo Americas
Western Digital
Seagate
ADATA Technology
Verbatim(CMC Magnetics)
Lenovo
Eaget
Silicon Power
Apricorn
Dell

Key Questions Addressed in this Report

What is the 10-year outlook for the global External Hard Disk Drive market?

What factors are driving External Hard Disk Drive market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do External Hard Disk Drive market opportunities vary by end market size?

How does External Hard Disk Drive break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.