According to the new research report published by The Insight Partners, titled “TV Mounts Market - Global Analysis and Forecast to 2025”, the global TV mounts market is expected to reach US$ 3.2 billion in 2025, registering a CAGR of 2.4% during the forecast period 2018 to 2025.
In 2017, Asia-Pacific accounted for the largest revenue share of little more than one third of the total market share, followed by North America.
The global TV mounts market is experiencing a steady growth owing to the rising living standards, increase in per capita income, and growth in infrastructure improvements in developing as well as developed regions. There are several companies operating in the global market with broad range of product portfolio. TV mounts provide space saving along with enhanced aesthetic and overall design of the room.
The North America region comprises of developed economies including the U.S. and Canada as well as Mexico as a developing nation. High per capita income of people in the region is driving widespread infrastructural constructions and up gradations in North American region. Major constructions in North America are to be observed in the residential sector whereas the commercial sector witnessed significant constructions for hospitality buildings. Initiatives taken by Government in the infrastructural developments are enabling more installations TVs thereby, propelling the growth of TV mounts. According to the Mexican Construction Industry Chamber, the construction sector of the country grew by 2% in the year 2016 and expects a growth of 1% to 1.5% in 2017. This growth is primarily driven by constant investments by the private sector in the residential and commercial building projects. Furthermore, the demand for housing construction in the U.S. is witnessing a growth due to increasing immigration in the country. During the last two decades, immigrants registered for nearly 28% of the total household growth in the U.S. region.
Large population in the Asia Pacific region has led to increased demand for residential as well as commercial construction in the region. The APAC region comprises of several developing economies such as China and India as well as many South East Asian countries, strongly demanding for infrastructure projects. The rising population of these countries is the main driver for growth of construction sector in the region. Furthermore, the governments of various economies are taking several measures in order to attract private investments in the construction and infrastructure development. For instance, the 2011-2020 Economic Transformation Program (ETP) by the Malaysian government is attracting a huge FDI in the country’s infrastructure and construction activities. Furthermore, in Philippines, the government has launched public-private partnership (PPP) program for facilitating the development of both national and local level infrastructural projects. Similarly, Thailand’s government is also focused in PPP for enhancing its infrastructure development.
Key findings of the study:
The European construction market is experiencing a growth, after the downturn from past few years. Residential construction is strongly increasing owing to demographic trends, low mortgage rates as well as increased household income. The non-residential construction is also increasing due to positive urge from the consumer demand growth and comparatively high corporate profits. The rising demand for housing in this region is one of the key driver responsible for the growth of construction sector in Europe. Countries such as Germany and UK are experiencing a high growth in their construction sector. Governments of various countries are taking initiatives with a motive to support the construction industry. For instance, the Italian government has taken initiatives to strengthen the growth of public as well as private infrastructural investment. Also, in Spain, the government provided subsidiaries and grants for the renovation and construction of houses for rent. Furthermore, the Italian government is providing tax rebates as well as low mortgage interest rates to spur the recovery of residential construction in the country.
The full-motion wall mounts are extremely flexible, which enables adjusting the TV away from the wall and pan, tilt, or swirl to make TV viewable from multiple angles. These are the most expensive wall mounts as well as complicated to install. These mounts are also motorized that can be automatically turned with the help of remote control. The major benefit of full motion wall mount mechanisms is that the moveable arm, which enables the user / consumers to swivel the TV horizontally. The full motion wall mount or articulating TV mounts offer the consumer or the user to mount the TV at a corner, and this advantage is increasing the interest among the end users in terms of adoption. However, these TV mounts have weight constraints and owing to these, larger TVs cannot be mounted on these mounts. This disadvantage is acting as a barrier to the growth of market for full motion/articulated TV mounts in the current scenario.
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