The global monitor arm market size was valued at USD 1,367 million in 2021. It is expected to reach USD 2,393 million by 2030, growing at a CAGR of 3.14% during the forecast period (2022–2030). 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.
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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.
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.
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.
The global monitor arm market, based on application, is segmented into Office, Healthcare, Education, and Others.
The Office is predicted to maintain the highest market share in 2030, growing at a CAGR of 3.23%. The global monitor arm market is cemented within the office-goers and other corporates working from an office role or have turned their home into an office workspace. The use of a monitor arm is numerous such as reducing physical strain, facilitating multiple displays within the level of vision, quick switching between preferred orientations, and other benefits such as simultaneous viewing, simplifying shared office facilities, and more.
They are followed by the Healthcare industry, which is predicted to grow at a CAGR of 3.52% during the forecast period. The diverse use of the global monitor arm market broadly extends into the healthcare industry. Like the office-going industry, the healthcare industry requires patience, listening, and working on numerous electronic devices. Besides these health and posture-related benefits, monitor arms can help simplify and improve interaction and usage between patients and doctors.
During the outbreak, Educational Institutions announced campus closures, resulting in long-term working and studying remotely plans. People started spending more money on computer accessories to make their work-from-home setups more convenient as they spent more time on computing devices for education or job. This is because they are spending more time on computer devices for work. This was important information for students, instructors, and professors who had to cope with the difficulties of lengthy periods of screen usage, fixed postures, and limited mobility.
Others include the display monitors, especially those used in computers, which are often a vital component of any technologically advanced infrastructure. Monitors that are placed correctly may assist and increase overall productivity and efficiency, allowing for better task management.
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.
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It is anticipated that the North American region will have the largest market share in 2030, growing at a CAGR of 3.14%. 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 515 million in 2030, growing at a CAGR of 2.92%. 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.