October 05, 2021
According to the recent research report titled ‘Global Monitor Arms Market, 2021-2027’, available with MarketStudyReport, global monitor arms market size is expected to expand at 3% CAGR over 2021-2027.
As per the report findings, global monitor arms market is mainly driven by rising disposable income, technological advancements, and increasing number of small businesses.
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For the unversed, a monitor arm is a bracket or support that holds a computer monitor, laptop, or other display screens. Businesses require PCs and other display monitors to boost productivity, manage workload, and maintain efficiency, and build a technologically advanced infrastructure that supports and improves various processes.
Features such as single screen, multiscreen support, and advanced technology for arm movement reduce staff efforts. Monitor arms come in various designs that improve their attractiveness as well as the appearance of their surroundings.
Surging demand for monitor arms in public and private offices can also be accredited to improved space utilization, and increased contribution to assuring good performance from employees. Moreover, increase in internet users, and subsequent growth in demand for tablets, laptops, and desktops to access online services is adding to the market demand.
On the contrary, availability of items made from low-quality raw materials is limiting the market expansion.
Based on application spectrum, global monitor arms market is bifurcated into office, healthcare, and education. Among these, office segment contributes significantly to the overall industry development, owing to increasing number of start-ups fueling the product demand.
Elaborating on regional landscape, North America (U.S., Canada, Mexico), Europe (France, U.K., Germany, Italy), Asia Pacific (India, China, South Korea, Japan, ASEAN Countries), Middle East & Africa (Saudi Arabia, Turkey, South Africa), and South America (Brazil, Argentina) are the regions considered for the industry analysis.
North America has emerged as a major growth avenue for businesses in this domain, creditable to presence of a greater number of corporate and private offices, along with advanced infrastructure in healthcare and educational sectors in the region.
Meanwhile, Asia Pacific industry is projected to witness an uptrend in its growth trajectory through 2027, attributable to snowballing use of household computers for various purposes such as education, gaming, and communication, especially in Japan and China.
The competitive landscape of global monitor arms marketplace is defined by prominent firms like Loctek Ergonomic Technology Corporation, Legrand AV Inc., Herman Miller Inc., Ergotron Inc., and Eastern Global Corporation.