Europe External Hard Drive Market Report and Forecast 2025-2034
Description
The Europe external hard drive market was valued at USD 7.34 Billion in 2024. The industry is expected to grow at a CAGR of 3.30% during the forecast period of 2025-2034 to attain a valuation of USD 10.16 Billion by 2034.
Europe External Hard Drive Market Growth
Application in enterprises leads the Europe External Hard Drive Market growth since Businesses utilise external hard drives for various purposes.
External hard drives allow enterprises and businesses to store data, expand their storage capacities and maintain archives. In the case of memory backup and disaster recovery, external hard drives are essential in a business environment as part of strategies for safeguarding important information that can be compromised due to a system crash or other major problems. Enterprises typically require high-capacity, reliable and durable external hard drives which meet strict requirements relating to performance.
In January 2024, Sony announced a new PS5 model with a detachable disc drive and 1TB storage. This Slim version, slimmer and shorter than previous models, replaced both the PS5 and PS5 Digital Edition. It featured over 30% volume reduction and up to 24% weight reduction, depending on the model.
Another significant segment of the Europe External Hard Drive market is personal use. Personal files, photographs, videos, music collections, and multimedia content are what people store on hard drives. For individuals who need more space than what their computers or mobile phones can provide, these devices are useful. They also make it easier for individuals to travel around with large amounts of data while offering the flexibility to easily connect to different devices. Personal users often prioritize affordability, and ease of access to their stored files along with portability when selecting external hard drives.
Europe External Hard Drive Market Segmentation
Europe External Hard Drive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage Capacity
Below 1 TB
1 TB To 4 TB
Above 4 TB
Market Breakup by Application
Enterprises
Personal
Market Breakup by Distribution Channel
Offline
Online
Market Breakup by Country
Germany
United Kingdom
France
Italy
Others
Europe External Hard Drive Market Share
Growth in the External hard drive market is led by 1 TB to 4 TB external hard drives as individuals require more space to store data in a professional and personal capacity. As individuals produce more data daily in the form of pictures, videos, personal files, and multimedia content, 1 TB to 4 TB comes across as the ideal storage capacity in external hard drives for personal use.
Leading Companies in the Europe External Hard Drive Market
Market players in the External hard drive industry are expanding their scope through online and offline methods of distribution as a means of increasing their customer outreach. Individuals prefer offline methods of distribution as a more traditional method where the products can be physically examined before the purchase.
Seagate Technology Holdings PLC
Western Digital Corporation
Toshiba Corporation
Sony Corp.
Transcend Information, Inc.
Lenovo Group Limited
Samsung Electronics Co., Ltd.
Kingston Technology Company, Inc.
ADATA Technology Co., Ltd.
ORICO Technologies Co., Ltd.
Others
Europe External Hard Drive Market Growth
Application in enterprises leads the Europe External Hard Drive Market growth since Businesses utilise external hard drives for various purposes.
External hard drives allow enterprises and businesses to store data, expand their storage capacities and maintain archives. In the case of memory backup and disaster recovery, external hard drives are essential in a business environment as part of strategies for safeguarding important information that can be compromised due to a system crash or other major problems. Enterprises typically require high-capacity, reliable and durable external hard drives which meet strict requirements relating to performance.
In January 2024, Sony announced a new PS5 model with a detachable disc drive and 1TB storage. This Slim version, slimmer and shorter than previous models, replaced both the PS5 and PS5 Digital Edition. It featured over 30% volume reduction and up to 24% weight reduction, depending on the model.
Another significant segment of the Europe External Hard Drive market is personal use. Personal files, photographs, videos, music collections, and multimedia content are what people store on hard drives. For individuals who need more space than what their computers or mobile phones can provide, these devices are useful. They also make it easier for individuals to travel around with large amounts of data while offering the flexibility to easily connect to different devices. Personal users often prioritize affordability, and ease of access to their stored files along with portability when selecting external hard drives.
Europe External Hard Drive Market Segmentation
Europe External Hard Drive Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Storage Capacity
Below 1 TB
1 TB To 4 TB
Above 4 TB
Market Breakup by Application
Enterprises
Personal
Market Breakup by Distribution Channel
Offline
Online
Market Breakup by Country
Germany
United Kingdom
France
Italy
Others
Europe External Hard Drive Market Share
Growth in the External hard drive market is led by 1 TB to 4 TB external hard drives as individuals require more space to store data in a professional and personal capacity. As individuals produce more data daily in the form of pictures, videos, personal files, and multimedia content, 1 TB to 4 TB comes across as the ideal storage capacity in external hard drives for personal use.
Leading Companies in the Europe External Hard Drive Market
Market players in the External hard drive industry are expanding their scope through online and offline methods of distribution as a means of increasing their customer outreach. Individuals prefer offline methods of distribution as a more traditional method where the products can be physically examined before the purchase.
Seagate Technology Holdings PLC
Western Digital Corporation
Toshiba Corporation
Sony Corp.
Transcend Information, Inc.
Lenovo Group Limited
Samsung Electronics Co., Ltd.
Kingston Technology Company, Inc.
ADATA Technology Co., Ltd.
ORICO Technologies Co., Ltd.
Others
Table of Contents
124 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global External Hard Drive Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global External Hard Drive Historical Market (2018-2024)
- 5.3 Global External Hard Drive Market Forecast (2025-2034)
- 5.4 Global External Hard Drive Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Europe External Hard Drive Market Overview
- 6.1 Key Industry Highlights
- 6.2 Europe External Hard Drive Historical Market (2018-2024)
- 6.3 Europe External Hard Drive Market Forecast (2025-2034)
- 7 Europe External Hard Drive Market by Storage Capacity
- 7.1 Below 1 TB
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 1 TB To 4 TB
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Above 4 TB
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 8 Europe External Hard Drive Market by Application
- 8.1 Enterprises
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Personal
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 9 Europe External Hard Drive Market by Distribution Channel
- 9.1 Offline
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Online
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Europe External Hard Drive Market by Country
- 10.1 Germany
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Kingdom
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 France
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Seagate Technology Holdings PLC
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Western Digital Corporation
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Toshiba Corporation
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 Sony Corp.
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Transcend Information, Inc.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Lenovo Group Limited
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Samsung Electronics Co., Ltd.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Kingston Technology Company, Inc.
- 12.5.8.1 Company Overview
- 12.5.8.2 Product Portfolio
- 12.5.8.3 Demographic Reach and Achievements
- 12.5.8.4 Certifications
- 12.5.9 ADATA Technology Co., Ltd.
- 12.5.9.1 Company Overview
- 12.5.9.2 Product Portfolio
- 12.5.9.3 Demographic Reach and Achievements
- 12.5.9.4 Certifications
- 12.5.10 ORICO Technologies Co., Ltd.
- 12.5.10.1 Company Overview
- 12.5.10.2 Product Portfolio
- 12.5.10.3 Demographic Reach and Achievements
- 12.5.10.4 Certifications
- 12.5.11 Others
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
