Global LCD Monitor Arm Market is valued approximately at USD 1153.44 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 1.60% over the forecast period 2019-2026. An LCD monitor arm is a device which is used to attach a computer screen or TV. The device is capable of being adjusted easily with minimum effort but can achieve maximum precision. The LCD monitor arm is classified into three kinds such as single arm, double arm, and multi-arm. Also, from the material type, it is divided as carbon steel LCD arms and Aluminum LCD arms. The global breakdown of COVID-19 is adversely affecting the growth of market and expected to slow down the growth of market due to the lockdown in various economies. Therefore, lockdown in various economies cause significant limitation in the manufacturing sector and consumer electronics. Whereas, rising disposable income across the globe surge the larger demand for TV and computer screens that is accelerating the demand for LCD monitoring arms to handle such screens prominently. Thus, growth in disposable income of people across the globe is driving the growth of market over the forecast years. For instance: According to the government of India 2019, the per capita income in 2018 was stood at USD 134.18 and expected to increase with 10% till 2019 that is USD 147.54. Also, according to the United States Census Bureau, the median per capita income of US in 2017 was USD 31,982 and increase to USD 33,706 till 2018. In Addition, rapidly increasing product demand and raw material affluence are the factors creating a lucrative thrust to the growth of market over the forthcoming period. However, rising demand for laptops and smart phones is expected to hamper the growth of market over the forecast years.
The regional analysis of global LCD Monitor Arm market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid growth in disposable income of people in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as increasing demand for rapid growth in demand for LCD Monitor arms in major economies of the region such as China and India would create lucrative growth prospects for the LCD Monitor Arm market across Asia-Pacific region.
Major market player included in this report are:
Loctek Ergonomic
Great Solid
Ergotron
Innovative
Humanscale
Herman Miller
Colebrook Bosson Saunders
Highgrade Tech
MODERNSOLID
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Keyhole
Fixture
Wall Hanging
Other
By Application:
Consumer Electronics
Medical Equipment
Financial
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global LCD Monitor Arm Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
