Surge in demand for LCDs and LEDs is expected to propel the market growth
The global TV mounts market was valued at US$ 2,653.8 million in 2017 and is estimated to reach US$ 3,194.4 million by 2025, growing at a CAGR of 2.4% during 2018 to 2025. Television is an inevitable part of every household, and mounting it higher up on the wall provides better viewing angle for everyone in the room with saving space. TV mounts are suitable for flat panel TVs including LED, LCD, OLED, or plasma screen and there are several types of TV mounts available in the market such as fixed wall mount, full-motion wall mount, tilting wall mount, ceiling mount, floor mounted, and pole TV mounts.
TV mounts provide space saving along with enhanced aesthetic and overall design of the room. The growth of TV mounts market is expected to propel by the increased investment in infrastructural development and rise in penetration of e-commerce sector. Along with this, in developing regions, with the increase of per capita income, living standard, and spending capacity, people are replacing CRT TVs with LED and LCD TVs which surge the installation for TV mounts.
Currently, there is an increased demand for LCD and LED TVs owing to the development in residential as well as commercial infrastructure such as malls, hotels, hospitals, and educational institutions. LCD TV market has reached its maturity stage, however, replacement demand is expected to be the major driving factor for these TVs in North America, Western Europe, and Japan. During the last few years, the shipments of LCD TVs has shown a strong growth in developed region such as North America owing to the high standard of living and boom of screen-size upgrades by customers and high installation high-resolution 4K LCD TVs.
In near future, TV mounts market is expected to grow at a substantial rate owing to the strong performance of leading TV manufacturers and increase in export of TVs. The manufacturers are also improving their business strategies to focus more on profitability, increasing production & shipments, and attracting new customers by using e-commerce platforms. Thus, surge in TV production and shipment is expected to increase the installation of TV mounts during the forecast period.
The key players profiled in the TV mounts market report are OmniMount, VideoSecu, Legrand AV Division, Shenzhen Xinadda Ir-Pi Products co., Ltd, and Unicol. Several other companies operating in the market are Atdec Pty Ltd, B-Tech International Ltd., Display Mount Pro Co., Ltd., Highgrade Tech Co. Ltd., and Jiangxi Kingsun Industry Co., Ltd.