Global Monitor Arm Market: Trends, Growth, and Forecast to 2030
The global monitor arm market size is anticipated to reach USD 2.1 billion by 2030, expanding at a revenue-based CAGR of 4.1% over the forecast period, according to a new report by Grandview Research, Inc. Monitor arms are designed to support display screens such as computer monitors, TV, and notebooks. Monitor arm allows the user to move the monitor screen as per their convenience. Rising demand for computers for residential use is driving the market growth. According to the International Telecommunication Union (ITU), around 48% of the households across the world had computers in 2018, as compared to 46% in 2015. This upsurge is due to increasing adoption of computers for residential purpose in developing countries such as China and India. The demand for computers is anticipated to rise over the coming years owing to growing adoption of curved monitors. Televisions are mounted on wall and ceiling using monitor arms in various commercial and residential l...