US TV Mount Market to Reach US$ 3,319.2 Mn at a CAGR of 6.1% in 2027

US TV Mount Market to 2027 - Country Analysis and Forecasts By Type (Fixed Wall Mount, Full-Motion Wall Mount, Tilting Wall Mount, Ceiling Mount, and Others); Application (Residential and Commercial)

Publication Month : Jan 2020

  • Report Code : TIPRE00008101
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 104
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The US TV mount market is accounted to US$ 1,953.6 million in 2018 and is expected to grow at a CAGR of 6.1% during the forecast period 2019 - 2027, to account to US$ 3,319.2 million by 2027.

Booming demand for TV sets from the residential sector is driving the US TV mount market. Pertaining to the substantial growth in the residential sector due to demographic trends, low mortgage rates, as well as increased household income. The residential sector is progressing rising owing to positive impulse from consumer demand, which is further influencing the US TV mount market.

US TV Mount Market, Revenue and Forecast, 2018

US TV Mount Market
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Market Insights

Several Advantages Offered by TV Mounts Is Propelling the Market Growth

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, which is adding inputs to the growth of the US TV mount market. 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.

Flourishing demand for Lightweight TV Screens Offers Opportunity for the US TV Mount Market Growth

TV mounts are suitable and space-saving solutions for lightweight TVs, including LCD, LED, and Plasma TVs. In the current scenario, demand for LCD and LED TVs is witnessing massive growth pertaining to an increase in residential and commercial infrastructure such as malls, hotels, hospitals, and educational institutions. The LCD TV market has reached its maturity stage; however, replacement demand is expected to be the major driving factor for lightweight TVs in the US, which in turn fueling the market growth for the US TV mount. As per the Consumer Technology Association (CTA), demand for 8K, 4K Ultra HD, and OLED-based displays is witnessing high growth, which might reduce the sales of LCD TV in the US 2019. Moreover, individuals are replacing old CRT TVs with flat-panel LCD TVs. Upgrades are to be driven by large-screen models and sets highlighting 4K UHD resolution and HDR technology. Hence, factors, as mentioned above, are expected to boost the market for TV’s new technology and in turn supporting the installation of TV mounts during the forecast period.

Application Insights

The US TV mount market by application has been categorized into residential and commercial. The residential sector is witnessing an increase in the installations of TV mounts owing to increasing purchase of flat screen TVs as well as rising living standards of people. Increasing urbanization in most of the developing nations as well as the developed nations have led to the increased residential constructions. This has resulted in increased demand for TVs, which has thrown a positive impact in the growth of the US TV mount market. The commercial segment includes installation of TV mounts in commercial places such as shopping malls, airports, railway stations, bus stations, hospitals, offices, stadiums, and hotels among others. With the growing infrastructure development worldwide particularly, in the developing economies, the growth of TV installation is increasing. This has resulted in increasing demand for TV mounts.

Type Insights

Based on type, the US TV mount market has been segmented into fixed wall mount, full-motion wall mount, tilting wall mount, ceiling mount, and others. Under type segment, fixed wall mount is the leading segment in 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 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 demand for fixed wall mount is majorly among the residential applications, however, the adoption of these TV mounts in growing in the commercial sectors as well.

US TV Mount Market by Type



US TV Mount Market
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US TV Mount Market: Strategic Insights

us-tv-mount-market
Market Size Value inUS$ 1,953.6 Million in 2018
Market Size Value byUS$ 3,319.2 Million by 2027
Growth rateCAGR of 6.1% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Strategy and business planning was observed as the most adopted strategies in US TV mount market. Few of the recent developments in the US TV mount market are listed below:

2019:

Peerless AV launched the DS-OM46ND/OM55ND-Floor and DS-0M46ND/-OM55ND-Ceil mount supports. They are available in both 46-in and 55-in sizes for the Samsung back to back display model, with the mount verticals being the same size as the back to back displays for a flush finish.

2018:

Atdec Pty Ltd. unveiled new warranty enhancement program in order to double the existing 5 year warranties for all Visidec, Spacedec and Telehook mounts to 10 years so as to ensure that the customer base have maximum level of satisfaction with the products.

US TV Mount Market Segmentation

By Application

  • Residential
  • Commercial

By Type

  • Fixed Wall Mount
  • Full-Motion Wall Mount
  • Tilting Wall Mount
  • Ceiling Mount
  • Others

Company Profiles

  • Atdec pty ltd.
  • Display Mount Pro Co., Ltd
  • ERGOTRON INC
  • Legrand AV Division
  • Loctek Ergonomic Technology Corp
  • Mount-It!
  • Omnimount
  • Peerless-AV
  • Promounts
  • Shenzhen Xinadda Ir-Pi Products co., Ltd
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

The List of Companies - US TV Mount Market

1.Atdec pty ltd.2.Display Mount Pro Co., Ltd.3.ERGOTRON INC4.Legrand AV Division5.Loctek Ergonomic Technology Corp6.Mount-It!7.Omnimount8.Peerless-AV9.Promounts10.Shenzhen Xinadda Ir-Pi Products co., Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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