The “Global TV Mounts Market to 2027 –Analysis and Forecasts by Type (Fixed Wall Mount, Full-Motion Wall Mount, Tilting Wall Mount, and Ceiling Mount); and Application (Residential and Commercial) and Geography”, The scope of study involves understanding on the factors responsible for this growth of TV mounts market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant players in the market and their key developments.
The global TV Mounts market is accounted to US$ 10,264.8Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019–2027, to account to US$ 19,089.6Mn by 2027. The Asia-Pacific region accounted for the maximum share in the global TV mounts market. The rapidly increasing population of the developing economies of the region has resulted in increased demand for housing construction in the region. Furthermore, the demand for commercial construction such as hotels, shopping malls, airports etc. is also witnessing a significant growth owing to increasing urbanization. These economies are experiencing a significant increase in their GDP resulting in rising spending capacity of the population thus, increasing the affordability of people to purchase flat screen LCD/LED/OLED TVs. Also, the easy availability of EMI options to buy TVs has further propelled the demand for TV mounts.
On the basis of type, the global TV mounts market is segmented into fixed wall mount, full-motion wall mount, tilting wall mount, and ceiling mount. The fixed wall mount segment accounted for 36.8% of the total TV mounts market share in 2018 and is expected to hold its dominance with a CAGR of 7.0%. Fixed wall mount enables to place the TV as close to the wall as possible making sure that there is enough space to install the cables behind the TV. These are also known as stationary mounts as they are incapable of adjusting once fixed. Also, these mounts are incompatible for TVs with a back protrusion. These mounts are easiest to install and economical as compared to other TV mounts. The fixed wall mounts are also known as low profile wall mounts. These fixed wall mounts have an open architecture construction which offer the TV with increased ventilation. The key advantage of fixed wall mounts is the capability to mount TVs sizing from 23 inches to 70 inches. The future of fixed wall mount market is prominent owing to the rapid innovations and up gradations of fixed TV mounts among the manufacturers. The development of automatic lock mechanism has gained popularity among the consumers and adoption of fixed wall mounts have increased over the time period.
The global TV Mounts market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. The market for global TV mounts is dominated by Asia-Pacific region followed by North America and Europe. Some of the key players in the global TV mounts market are Omnimount, Atdec Pty Ltd., Jiangxi Kingsun Industry Co., Ltd., Display Mount Pro Co., Ltd., Highgrade Tech Co. Ltd, B-Tech International Ltd, Unicol Engineering, Videosecu, Legrand Av Division and Shenzhen Xinadda Ir-Pi Products Co., Ltd. among others.
The report segments the global TV mounts market as follows:
Global TV Mounts Market - By Type
Global TV Mounts Market - By Application
Global Stainless Steel Market - By Geography
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