Global LCD Monitor Arm Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global LCD Monitor Arm Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

LCD Monitor Arm is a device used to attach to a computer screen or TV. It is easily adjustable which means it requires minimum effort but can achieve maximum precision. From the structure of LCD Monitor Arms, it can be classified into three kinds, Single Arm, Double Arm and Muti-Arm. From the material, it can be divided into Carbon steel LCD Arms and Aluminum LCD Arms.

Market Overview:

The latest research study on the global LCD Monitor Arm market finds that the global LCD Monitor Arm market reached a value of USD 1056.88 million in 2022. It’s expected that the market will achieve USD 1341.91 million by 2028, exhibiting a CAGR of 4.06% during the forecast period.

The global spread of the COVID-19 epidemic has brought an unprecedented severe test to the development of the global economy, and the global economy is facing greater downward pressure. The impact of the epidemic on the economy has led to the stagnation or slowdown of economic activities in many countries, the global demand has decreased, trade and investment have declined significantly, and the global industrial chain has been affected.

The new coronavirus pneumonia has profoundly affected many aspects of global socio-economic. For the manufacturing industry, the production and sales of products will be greatly affected in the short term. The direct impact on manufacturing is mainly reflected in the shortage of labor and raw materials. The end of the global epidemic and the effectiveness of the response policies of countries around the world directly determine the recovery time and recovery efforts of various manufacturing industries.

Affected by COVID-19, the process of economic digitization is accelerating, especially in the smart manufacturing industry. Labor-intensive industries and enterprises will be more affected by this epidemic. The future manufacturing industry is also facing a big change. Automation and intelligence will undoubtedly greatly reduce the dependence on manpower, and can better resume production and work in the event of an epidemic. Therefore, intelligence will become the future trend of the industry.

Strength

An increase in the number of internet users is one of the major drivers for the market. Majority of the people use internet services on desktops, laptops, and tablets. According to Our World in Data publication, the global number of internet users increased from 413 million in 2000 to more than 3.4 billion in 2016. Furthermore, as per the study conducted by the American Community Survey (ACS), in 2016, around 89% of the households in the U.S. had a computer as compared to 79% in 2015. These numbers are projected to rise owing to the rising disposable income and technological advancements, thereby resulting in market growth. The rising usage of computer accessories for gaming is also anticipated to fuel LCD monitor arm market growth. This has enabled manufacturers to enhance their product offerings and address the varied demands of consumers.

Weakness

The LCD monitor arm market is characterized by price competition. This in turn can result in reduced demand for LCD monitor arm, which in turn can intensify price competition in LCD monitor arm industry. This price competition could impact manufacturers' ability to implement price increases or, in some cases, such as during an industry downturn, maintain prices. In addition, when market conditions warrant, suppliers may need to reduce prices to build or maintain their market share. If suppliers are unable to increase or maintain prices for products, their profit margins could decline. Such decline will be compounded to the extent that suppliers are unable to maintain or reduce the cost of products, which may be especially difficult in the current environment given the volatility of the commodities markets.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (31.05% in 2021).

Company Overview:

Humanscale
Humanscale Corporation provides ergonomic products for the corporate, healthcare, and hospitality industry. The Company offers seating, keyboard systems, monitor arms, foot rests, healthpoint technology cabinets, and other related products.

Loctek

Loctek is a listed company in China, and a top manufacturer of ergonomic solution products which comprise sit stand height adjustable desk, sit stand workstation, TV& monitor arm, desk bike and more. Loctek owns three major manufacturing bases, in Binhai Ningbo, Jiangshan Ningbo, and Ho Chi Minh City in Vietnam.

Segmentation Overview:

Among different product types, Single LCD Monitor Arm segment is anticipated to contribute the largest market share in 2027.

In terms of type, the LCD monitor arm market can be segmented into Single LCD Monitor Arm, Double LCD Monitor Arm, and Multi-LCD Monitor Arm. The LCD monitor arm is classified into three kinds such as single arm, double arm, and multi-arm. Corporate offices prefer single and dual arms at workstations mostly. Single arm is preferred at workstations in various commercial and government spaces whereas multiple arms are used in private and government firms to enhance employee productivity.

Application Overview:

By application, the Enterprise Office segment occupied the biggest share from 2017 to 2022.

Key Companies in the global LCD Monitor Arm market covered in Chapter 3:

Humanscale
Atdec
Diwei
Ergotron
Innovation Design Works
Vision Mounts
Loctek
MODERNSOLID
NorthBayou
Colebrook Bosson Saunders (CBS)
Greatsolid
Highgrade Tech. Co., Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the LCD Monitor Arm market from 2018 to 2029 is primarily split into:

Single LCD Monitor Arm
Double LCD Monitor Arm
Multi-LCD Monitor Arm

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LCD Monitor Arm market from 2018 to 2029 covers:

Healthcare
Education
Consumer
Enterprise Office
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)