Monitor Arm Market Size, Share & Trends Analysis Report By Product Type (Single Monitor Arms, Dual Monitor Arms, Triple Monitor Arms, Multi-Monitor Arms), By Mounting Type (Desk Mount, Wall Mount, Pole Mount, Grommet Mount, Slatwall Mount), By Adjustment Mechanism (Fixed Position, Height Adjustable, Swivel, Tilt, Articulating, Gas Spring, Counterbalance), By End Use Industry (Healthcare, Gaming, Industrial, Educational, Institutions, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global monitor arm market size is valued at USD 1,504.43 million in 2023. It is expected to reach USD 1920.62 million by 2032, growing at a CAGR of 3.1% during the forecast period (2024–2032).

A monitor arm sometimes referred to as a monitor riser, is an item that may be connected to a computer screen, laptop, or tablet to provide support in addition to raising the device. Monitor arms offer higher functionality compared to the fundamental stands given with displays. They can also manage a large number of monitors simultaneously. This capability is achieved via the construction and external monitor compatible nature of the monitor arms. Furthermore, installing a monitor arm on a workstation or desk at home may improve one's posture, which may help reduce discomfort in the shoulders and other parts of the body.

Monitor arms are versatile devices that may be used in multiple end-use applications. These include medical, finance, media and entertainment, and security-related jobs, such as those held by military forces and local jails. Monitor arms are a standard fixture in these businesses and are often an essential component of their installations. They make it possible to monitor different places from several perspectives using single, dual, or several raised displays. They also make it possible to communicate with the surrounding environment.

Market Dynamics

Global Monitor Arm Market Driver

• Increased Internet Penetration

The COVID-19 pandemic established its relevance and resulted in widespread digitalization worldwide. The swift transition to a digital environment brought forth a variety of work-from-home and online employment opportunities. This included the development of industries along the lines of digital marketing, which predominantly functioned on a worldwide scale and had few restrictions imposed by either physical location or the technology used.

Following the COVID-19 pandemic, there has been a continuation of this dramatic growth in internet penetration. Consequently, the task described above required an unprecedented amount of time spent using electronic devices such as laptops, tablets, and cell phones. Due to this, businesses that sell computers and electronic accessories have seen a significant uptick in sales due to the rising popularity of these gadgets. The market for global monitor arms anticipated seeing substantial expansion. These devices made living in the newly discovered digital world simpler while providing long-term health advantages such as improved posture and minor aches and pains throughout the body.

Global Monitor Arm Market Restraint

• Easy Availability of Low Quality and Cheap Products

The global market for monitor arms is fragmented and dispersed worldwide.

There is a continual rivalry between locally created items and those manufactured in other countries; as a result, there are countless possibilities for products of poor quality that are highly promoted to be sold. The local manufacturers have a relative advantage over the multinational manufacturers due to the greater variety of items and the comparably lower prices of such products. As a consequence of this, a wide variety of items are readily available to purchase, and their quality, as well as their prices, are often quite reasonable.

Global Monitor Arm Market Opportunities

• Need for Ergonomic Workspace

The world has evolved into a massive, home-based digital workstation. Given the constraints of working from home, there are additional requirements for comfort, variety, and quality accessories. The global monitor arm market thrives by meeting this exact necessity. Since different kinds of monitor arms are available on the market, it offers four tiers that enable the use of several displays simultaneously. Similarly, it will make it possible to simplify the operation and even be beneficial in terms of posture and health. The market for global monitor arms is the kind of market that is ever-changing and developing new aspects of itself. Therefore, satisfying the prerequisites for making a primary contributor to an ergonomically sound workplace. Consequently, this gives the market a relative feeling of potential and security about its future.

Regional Analysis

The global monitor arm market share is divided into the following regions i.e., North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

It is anticipated that the North American region will have the largest market share in 2032, growing at a CAGR of 3.3%. The US, followed by Canada and Mexico, are the primary contributors to the North American Monitor Arm Market. Since the outbreak of the Coronavirus, there has been a rise in the rate at which processes are digitized and an increase in the number of residences being transformed into workplaces. With the high demand for electronic devices like laptops and desktop computers, there has also been an increase in the need for peripherals like monitor arms. The North American region appears to be a flourishing shareholder within the global market for monitor arms as a result of the growing popularity of monitor arms, which combine many different utilities with comfort and at affordable prices, as well as the increasing use of electronic devices such as laptops, computers, smartphones, and other electronic gadgets.

Next in line is the European region, which is forecast to account for USD 525.98 million in 2032, growing at a CAGR of 2.9%. Europe is able to successfully keep its market shareholding within the global market for monitor arms by innovating, developing, and making broad use of the monitor arm. Since monitor arms are helpful to the overall economy, along with their continuous technological strides, it is anticipated that Europe will continue to maintain the highest market share.

A monitor arm and other attachments are becoming more necessary as the number of people using computers and LCDs continues to rise in Asia-Pacific. Considering the rise in computer use for gaming, educational, and communication reasons, various monitor arm manufacturers have found that China and Japan are the most prosperous nations to sell their products.

Segmental Analysis

The global vision positioning system market is segmented based on product type, mounting type, adjustment mechanism, and end-use industry.

The product type is further segmented into single monitor arms, dual monitor arms, triple monitor arms, and multi-monitor arms. Dual monitor arms are the major contributor to the market. Dual Monitor Arms are the dominant subsegment due to the increasing trend of dual-monitor setups in various industries. Many professionals require dual monitors to boost productivity, and this trend has gained traction in sectors such as finance, design, programming, and content creation.

The market is sub-segmented based on mounting type: Desk mount, wall mount, pole mount, grommet mount, and slatwall mount. Desk mount monitors influenced the market growth. Desk mount monitor arms are highly popular because they offer flexibility and convenience. They are easy to install, adjustable, and provide an efficient way to save desk space, making them a preferred choice for offices, home offices, and even some gaming setups.

Based on the adjustment mechanism, the market is fragmented into a fixed position, height adjustable, swivel, tilt, articulating, gas spring and counterbalance. Height adjustable is the biggest income generator. Height adjustable monitor arms cater to ergonomic considerations, which have become increasingly important in both office and home settings. These arms allow users to position their monitors at eye level, reducing strain and promoting better posture, making them a popular choice across industries.

Based on the end-use industry, the market is categorized into healthcare, gaming, industrial, educational, institutions, and others. Healthcare led the market growth. The dominant subsegment in the healthcare industry is "Fixed Position" monitor arms. Healthcare professionals often require monitors to be securely fixed in a specific position for consistent viewing and data access.

Impact of covid-19

The COVID-19 pandemic has affected a number of economies in different ways, such as by hurting companies' finances, upsetting markets and supply chains, and changing how much is made and how much is spent. Supply chain problems like not getting raw materials and ingredients from third-party logistics caused a lot of trouble and affected both the market's operational and financial performance. Due to the fact that many countries around the world shut down for long periods of time, both the demand for finished products and the manufacturing plants suffered.

 So, both ends of the supply chain had an effect on the market. As Doctors are putting more effort into treating Covid-19, the demand is not likely to have gone away completely. This is because chondroitin sulfate is used in nutraceuticals and pharmaceuticals to treat and manage conditions like dry eyes, heart disease, osteoarthritis, and urinary tract infections. Since chondroitin sulfate will be used in research and development in the coming years, the market is expected to grow a lot. Also, as the global vaccination campaign moves forward and the virus spreads less, the market is likely to grow because there will be more demand for end-user products.

Recent Developments

• June 2022- Legrand AV Inc brings collates and presents its latest product offerings from sub-brands at InfoComm 2022, Las Vegas.
• June 2022- Modernsolid Industrial Co., Ltd, set up a booth exhibiting monitor arm launches in healthcare solutions and assistance in Taipei, Taiwan.
• February 2022- Ergotron’s TRACE Monitor Mount was selected as a winner in the Good Design Awards.