Booming demand for TV sets from the residential sector is projected to escalate the US TV mount market at a CAGR of 6.1%
Latest market study on “TV Mount Market to 2027 – US Analysis and Forecasts by Type (Fixed Wall Mount, Full-Motion Wall Mount, Tilting Wall Mount, Ceiling Mount, and Others); Application (Residential and Commercial)”, The US TV mount market was valued at US$ 1,953.6 Mn in 2018 and is expected to reach US$ 3,319.2 Mn by 2027, growing at a CAGR of 6.1% from 2019 to 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
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. The selection of the type of TV mount depends upon viewing capabilities and wall brackets. In today’s time, people are opting for smaller homes due to the booming property prices, and in such cases, people look for space-saving options in home decor. Thus, acceptance of TV mounts is increasing as a space-saving option, which facilitates lightweight LCD, LED, and plasma TVs to hang on the wall easily. In 2018, the fixed wall mount led the US TV mount market. 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. 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 market for fixed wall mount has flourished since the evolution of LCD TVs. The demand for fixed wall mount architecture among the TV OEMs is directly proportional to the rise in the manufacturing of TVs. Pertaining to this fact, the TV OEMs procure large number of fixed wall mounts, which is driving the market for the same in the current scenario.
With advancements in the TV screen technology, the new TVs are now lighter and thinner than before, which allows the users to mount them on the wall easily. One of the major benefits offered by TV mounts is space-saving. Also, mounting the TV set at a right angle as per the convenience of the user enables in preventing eye or neck strain. Further, full-Motion wall mount provides additional benefit to adjust the TV at multiple angles. Moreover, mounting a TV at a higher level helps in preventing it from children and pets and eliminates the risk of damage. In commercial spaces, installing TVs at height is of paramount significance, restricting access only to authorized individuals. Another important benefit offered by TV mounts is safeguarding the TV set. Mounting it on the wall helps to place the TV in a secured location, thus, securing today’s highly fragile television sets. Attributed to the mentioned benefits of TV mounts, the market is expected to flourish during the coming years. On the contrary, the availability of substitute mechanisms for the TV mounts is predicted to hinder the growth of the market in the country. Besides, infrastructural developments in the residential and commercial sectors such as educational institutes, hotels, hospitals, and other commercial buildings, the use of TVs is rising, which would directly impact the installation number of TV mounts.
The market for US TV Mount Market is concentrated with some very well-established players. Some of the key players in the market are ATDEC Pty Ltd, Display Mount Pro Co., Ltd., Ergotron Inc., Legrand AV Division, Loctek Ergonomic Technology Corp., Mount-It!, Omnimount, Peerless-AV, Promounts and Shenzhen Xinadda Ir-Pi Products co., Ltd. among others.
The report segments the US TV mount market as follows:
US TV Mount Market, By Type
US TV Mount Market, By Application
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