Korea Smart Monitor Stand Market
Korea Smart Monitor Stand Market Size And Forecast
According to Verified Market Research, The Korea Smart Monitor Stand Market was valued at USD 11.13 Million in 2018 and is projected to reach USD 15.08 Million by 2026, growing at a CAGR of 4.21% from 2019 to 2026.
Korea Smart Monitor Stand Market Outlook
Increasing demand for smart monitor stand is driven by several factors including better cable management, the benefit of additional ports for the microphone, USB, and headphones. Manufacturers of smart monitor stands are consistently focusing on enhancing the product features and allowing higher productivity in home and office setups. Further, increasing consumer spending across Korea on smart appliances along with higher adoption of technologically advanced products is significantly contributing to the increased growth of the Smart monitor stand market. Moreover, increasing demand for the monitor is likely to augment the demand for smart monitor stands during the forecast period since monitors are expanding their roles to multi-media players, TV, and speakers. Moreover, rising disposable incomes per capita along with a desire to obtain work-life balance among consumers in Korea has led to increased demand for smart monitor stands.
Korea Smart Monitor Stand Market, Competitive Landscape
The Korea Smart Monitor Stand market is highly fragmented with the presence of a large number of manufacturers. Some of the major players include Satechi, MonitorMate, Pout, Xenics and LETO. Satechi is one of the top five players for the Korea Smart Monitor Stand market.
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