Global LCD Monitor Arm Market to register 1.6% CAGR through 2026

July 06, 2020

According to the research report titled ‘Global LCD Monitor Arm Market Size study with COVID-19 impact, by Product (Keyhole, Fixture, Wall Hanging and Other), by Application (Consumer Electronics, Medical Equipment, Financial and Other) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global LCD monitor arm market was worth USD 1153.44 million in 2019 and is anticipated to expand with a CAGR of more than 1.6% through 2026.

For the uninitiated, an LCD monitor arm is used to attach a TV or computer screen to the workspace or wall. This device can be adjusted with minimal effort and maximum precision. LCD arm is categorized into three types- multi arm, double arm and single arm. Based on material, this arm is available as aluminum LCD arms and carbon steel LCD arms. Global outbreak of COVID-19 has adversely impacted LCD monitor arm industry and is expected to result in a sluggish growth due to strict lockdown measures in several economies which has brought manufacturing and electronics industries to a halt. Although, increase in disposable income worldwide has led to an upsurge in demand for computer and TV screens, thereby driving LCD monitor arm market growth. . Moreover, escalating product sales and abundance of raw material are expected to create ample growth opportunities for global LCD monitor arm market in the forthcoming years. However, proliferation of laptops and smartphones may restrain the market growth over the forecast duration.

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Considering the regional overview, global LCD monitor arm market is segmented into Europe, Asia Pacific, Latin America, North America, and Rest of the World. As per the report, North America is the leading contributor to the overall market share, due to rapid increase in disposable income of people in the region.

Meanwhile, Asia Pacific market is expected to register a strong CAGR over 2020-2026, on account of surging demand for LCD monitor arms in major economies like China and India.

Elaborating on the product terrain, the market is divided into wall hanging, fixture, keyhole and others. With respect to the application scope, the industry is segmented into consumer electronics, financial and medical equipment, and others.

Key players in global LCD monitor arm market are Innovative, Loctek Ergonomic, Herman Miller, Ergotron, Colebrook Bosson Saunders, Highgrade Tech, Great Solid, and Humanscale among others.

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