Monitor Arm Market: A Comprehensive Trends Analysis Predicts a USD 1.95 Billion By 2032

The monitor arm market has experienced significant growth in recent years due to various factors including increasing demand for ergonomic solutions in workplaces, rising adoption of multi-monitor setups, and advancements in technology. The global monitor arm market has been expanding steadily, driven by the growing need for adjustable and ergonomic workspaces across various industries. The market has seen substantial growth due to the increasing awareness of the health benefits associated with ergonomic furniture.

Global Monitor Arm Market size and share is currently valued at USD 1.48 billion in 2023 and is anticipated to generate an estimated revenue of USD 1.95 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

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Monitor arms are specifically crafted to provide support for various display screens, including computer monitors, TVs, and notebooks. These arms empower users to conveniently adjust the positioning of their monitor screens according to their preferences. The increasing market growth is propelled by a rising demand for computers in residential settings.

According to the International Telecommunication Union (ITU), there was a notable increase in computer ownership, with approximately 48% of households worldwide having computers in 2018, compared to 46% in 2015. This surge is particularly attributed to the growing adoption of computers for residential purposes in developing nations such as China and India. Furthermore, the anticipation of a heightened demand for computers in the coming years is fueled by the increasing popularity of curved monitors.

Monitor arms play a crucial role in mounting televisions on walls and ceilings in a variety of commercial and residential settings. The growing demand for television sets is poised to drive an increased need for monitor arms. For instance, according to data released by the India Brand Equity Foundation (IBEF) in December 2019, the television market in India reached a size of USD 10.2 billion in 2019 and is projected to reach USD 14.7 billion by 2022. Additionally, the surge in disposable income along with a rising number of internet users is expected to contribute to an increased demand for desktop computers and laptops, consequently fostering market growth.

It was also noted that, International Telecommunication Union (ITU), there was a sharp increase in global internet access, with 49.0% of the world's population having internet access in 2017, compared to 41.5% in 2015. This upward trend is expected to continue in the coming years, driven by various initiatives implemented by the governments of developing economies to promote digitalization.

Increasing investments in healthcare infrastructure are expected to have a positive influence on the demand for monitor arms. Within the healthcare sector, there is a preference for wall mount and ceiling mount monitor arms due to their ability to enhance performance and efficiency. Manufacturers in this industry are strategically focusing on delivering high-quality products that not only guarantee superior performance but also streamline the installation process, ensuring smooth handling.

Manufacturers recognize the importance of minimizing installation efforts, as this contributes to overall efficiency and effectiveness within healthcare settings. Monitor arms designed for healthcare environments often come with added features, such as hidden cable arrangements. This not only helps maintain a tidy and organized workspace but also reduces the risk of cable entanglements, ensuring a safe and functional environment for medical professionals.

Some of the major players operating in the global market include:

Atdec Pty Ltd
Ergotron, Inc.
Herman Miller, Inc.
Highgrade Tech. Co., Ltd.
Humanscale
Innovative Office Products, LLC
Legrand AV Inc.
Loctek Ergonomic Technology Corp.
LUMI LEGEND CORP.
Modernsolid Industrial Co., Ltd.
North Bayou AV
Vogel's Products BV
Eastern Global Corporation

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Growth Drivers:

Ergonomic Concerns: With a greater emphasis on employee well-being and productivity, companies are investing in ergonomic solutions like monitor arms to reduce strain and improve comfort during long work hours.
Rise in Remote Work: The proliferation of remote work arrangements has led to increased demand for home office furniture and accessories, including monitor arms, to create efficient and comfortable work environments.
Technological Advancements: Monitor arms are evolving with features such as cable management systems, quick-release mechanisms, and gas spring technology for smooth adjustments, enhancing user experience and driving market growth.

Applications:

Corporate Offices: Monitor arms are widely used in corporate settings to create ergonomic workstations, improve employee comfort, and enhance productivity.
Home Offices: With the rise of remote work, individuals are investing in ergonomic accessories like monitor arms to set up comfortable and efficient home offices.
Gaming and Entertainment: Gamers and multimedia professionals utilize monitor arms to create immersive gaming setups and optimize viewing angles for a superior gaming experience.

Monitor Arm Market Report Highlights

Healthcare segment will grow with rapid pace, owing to rising need of for multi-display monitors during surgeries
Office segment held the largest share, for multi-tasking and to increase the productivity of employees
Asia pacific is expected to grow with substantial pace, owing to strong demand from small and mid-tier cities

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Polaris Market Research has segmented the monitor arm market report based on application, and region:

Monitor Arm, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Healthcare
Office
Education
Others

Monitor Arm, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

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This release was published on openPR.