Monitor Arm Market Size, Share & Trends Analysis Report By Application (Healthcare, Office, Education, Others), By Region (North America, Europe, Asia Pacific, Latin America, MEA), And Segment Forecasts, 2023 - 2030

Monitor Arm Market Size & Trends

The global monitor arm market size was valued at USD 1.46 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.2% from 2023 to 2030. A monitor arm is a supportive arm or bracket that holds a computer display, notebook, and other display screens. The increasing emphasis on employee comfort and productivity fuels organizations' and individuals' adoption of monitor arms. These devices provide flexible positioning options, allowing users to find the perfect viewing angle and height for their screens. This capability helps reduce strain on the body and improves overall posture, promoting a more comfortable and productive working experience.

An increasing number of small businesses and internet users are two major market drivers. Most people use internet services on desktops, laptops, and tablets. According to ITU, in 2022, there were 5.3 billion internet users, which is approximately 66% of the global population. According to the Chamber of Commerce, 17 million small businesses are expected by the end of 2022. These businesses require display monitors and computers for a technologically advanced infrastructure to manage workload, ensure efficiency, and increase productivity. However, the availability of products manufactured from low-quality raw materials adversely affects market growth.

The rising usage of computer accessories for gaming is also anticipated to fuel market growth. It has enabled manufacturers to enhance their product offerings and address the varied demands of consumers. For instance, LUMI Legend Corp. has a specialized pro gaming monitor arm. Furthermore, the monitor arm can support both single-display and multiple-display monitors. Single-screen monitor arms are preferred at workstations in various commercial and government spaces, whereas multiple display monitors are used in private and government firms to enhance employee productivity.

Demand for TVs is also anticipated to drive market growth over the coming years. Monitor arms for TV sets are widely used in the healthcare sector to allow patients to move the TV over the bed at their convenience. Furthermore, several TV manufacturers are focusing on introducing advanced technologies such as 4K and 8K. Moreover, the increasing adoption of curved TVs is expected to drive market growth over the forecast period.

Application Insights

The office segment held the largest market share, exceeding 39.3% in revenue in 2022. Features such as single-screen monitor arm, multiscreen monitor arm, and advanced technology for arm movement eliminate additional efforts and increase workers' productivity. Furthermore, the increasing number of start-ups is driving the demand for computers and laptops, resulting in the growth of the monitor arm market.

Meanwhile, the healthcare segment is projected to register the fastest CAGR of 3.7% from 2023 to 2030. This upsurge is due to increasing demand for monitor arms, resulting in easy computer access for effortless recording and data viewing from multiple angles. Furthermore, monitor arms with specific designs that offer cable management within the arm provide an organized appearance on workstations and reduce the chances of entanglement with wires during work. Such arms also ensure better performance of medical teams in hospitals and other healthcare setups.

Regional Insights

In 2022, North America held the largest market share of 40.4%. This share is attributed to the increasing number of private and corporate offices and advanced infrastructure in the educational and healthcare sectors. Furthermore, increasing technology adoption in the hospitality sector is anticipated to boost the demand for monitor arms in this region. The U.S. is considered the major contributor in revenue, considering the technological advancements in the healthcare sector.

Market players are focusing on forming strategic alliances with healthcare organizations to expand their businesses in North America. For instance, Innovative Office Products, LLC partnered with healthcare organizations such as Fresenius Medical Care, VA Medical Centre, and Cedars-Sinai to develop ergonomic space-saving mounts to enhance the productivity of medical teams. This partnership has led the company to provide monitor mounts and wall mounts for patient exam rooms, dental offices, and nurses’ stations, among other units of the healthcare center.

Asia Pacific is projected to emerge as the fastest-growing region, with the fastest CAGR of 4.0% over the forecast period. It is attributed to the increasing number of computer users over the past few years. China and Japan are the most lucrative countries for monitor arm manufacturers owing to the rising usage of household computers for educational, gaming, and communication purposes.

Key Companies & Market Share Insights

The global market has experienced significant growth driven by the demand for ergonomic workstations and the rise of remote work. Key factors contributing to market growth include the need for adjustable and ergonomic solutions, workspace flexibility, customization options, technological advancements, and sustainability initiatives. Companies are engaged in regional expansion, mergers, acquisitions, and strategic collaborations to expand their business at global and regional levels.

Recent Developments

• In May 2023, Arm Limited announced the launch of its latest innovation, Arm Total Compute Solutions 2023 (TCS23), set to revolutionize mobile computing. TCS23 represents the company's advanced premium smartphone solution, encompassing a comprehensive package of cutting-edge IP tailored and fine-tuned for specific workloads, enabling seamless integration across the entire system.

• In February 2023, Fellowes introduced its latest innovation, the Rising monitor arms. This comprehensive range of monitor arms set a new standard in the market, offering meticulous design, effortless installation, and exceptional functionality. The monitor arms come in a wide variety of elevated designs and finishes, including trendy, standard, and premium options, carefully curated to elevate the look and feel of any space.

• In June 2021, CMD Ltd unveiled its latest addition to the monitor arm lineup, Reach Plus. This range of monitor arms offers a versatile solution in single and dual-screen options catering to various workstation configurations. The Reach Plus monitor arm is designed to accommodate traditional single and dual screens and the next generation of large-format curved screens. With its adaptability and functionality, Reach Plus provides an ideal solution for a wide range of workspace setups.

• In May 2021, Ergotron introduced its latest addition to the monitor arm lineup, the HX Desk Monitor Arm with HD Pivot. This monitor arm was designed to accommodate deep, ultra-wide curved monitors, catering to the growing demand for enhanced home working and gaming setups. As more individuals embrace remote work and entertainment, the HX Desk Monitor Arm offers a fully immersive viewing experience, meeting users' needs and seeking a more engaging and flexible monitor setup.

• In January 2021, Ergotron unveiled a new range of monitor arms designed to improve workstations for employees with their easy installation and slim clamps. These monitor arms are particularly suitable for freestanding sit-stand desks or desks with limited space or visibility from the back. With their sleek design and convenient installation, these monitor arms provide an enhanced and efficient setup for employee workstations.

• In February 2020, Adapt Global Group launched the Flyt touchscreen monitor arm. Based on ergonomics, the Flyt touchscreen monitor arm offers a seamless and effortless movement experience, allowing adjustments in the position of monitor with ease. This ergonomic design promotes better posture and enhances overall efficiency, ensuring optimal comfort and productivity.

Monitor Arm Market Report Scope

Global Monitor Arm Market Report Segmentation

This report forecasts global, regional, and country revenue growth and analyzes the latest industry trends in each sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global monitor arm market report based on application and region:

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Healthcare

  • Office

  • Education

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • United Arab Emirates (UAE)

    • Saudi Arabia

    • South Africa