The TV mount market size is projected to reach US$ 46.74 billion by 2031 from US$ 13.50 billion in 2023. The market is expected to register a CAGR of 13.7 % in 2023–2031. The advanced features and smart integration are likely to remain a key TV mount market trend.
The TV mount market is booming along with this growing living standard of people is supporting the growth of the global market. Developing economies such as India, Argentina, Malaysia, and several Southeast Asian economies are remarking substantial growth in their GDP. This increase in income led to growth in the purchase capability of LED, LCD, or OLED TVs by replacing them with old CRT TVs, which in turn influenced the market growth of the TV mount market. Moreover, increased penetration of the internet and growth of the e-commerce sector in developing economies are further supporting the growth of the TV mount market. Along with this, governments of several developing economies are taking initiatives for their infrastructural development for residential as well as commercial sectors such as educational institutes, hotels, hospitals, and other commercial buildings. This rise in infrastructure is expected to propel the growth of the TV mounts market during the forecast period.
TV mounts are appropriate for flat panel TVs, including LCD, LED, OLED, or plasma screens, and there are various types of TV mounts present in the market, such as full-motion wall mount, fixed 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 the wall bracket. Television is an inevitable part of any household, and LCD or LED TVs with pedestal stands acquire lots of space. Thus, the adoption of TV mounts is enhancing as a space saving option, which facilitates lightweight LED, LCD, and plasma TVs to easily hang on the wall.
Emerging economies across the globe, including India, Brazil, Argentina, Malaysia, and Mexico, as well as various Southeast Asian economies, are noticing a substantial increase in their GDP, resulting in increased per capita income for the people. This has led to the increasing affordability of people residing in these countries to purchase LED, LCD, or OLED TVs by replacing them with old CRT TVs. Additionally, the growth in developed economies such as the US has also been witnessed. This growth is attributed to the rise in demand for upgrading the TV screen size with bigger ones or with high resolution, hence boosting the growth of the TV mount market. The growing consumer expenditure on home improvement products is expected to have a positive influence on the sales of the TV mounts market.
In the ever-evolving world of home entertainment, finding the perfect balance between technology and aesthetics is paramount. The preferences of people are changing continuously. Elevating the TV mounting experience to new heights, various innovative solutions boast the TV mount market. At its core, a retractable TV mount is a space-saving prodigy. By allowing users to easily tuck their TV away when it's not in use, they instantly free up precious wall space that can be used for other purposes, such as shelves, artwork, or decorative elements. This flexibility to make the TV disappear at will transforms their living space into a versatile canvas, catering to different needs and occasions. Thus, such evolving preferences of people are creating opportunities for the TV mount market.
Key segments that contributed to the derivation of the TV mount market analysis are type and application.
The geographic scope of the TV mount market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. In terms of revenue, APAC accounted for the largest TV mount market share. The growing population of the region, coupled with growing urbanization, creates an opportunity for the TV mount market in the region.
The regional trends and factors influencing the TV Mount Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses TV Mount Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 13.50 billion |
| Market Size by 2031 | US$ 46.74 billion |
| Global CAGR (2023 - 2031) | 13.7% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The TV Mount Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the TV Mount Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The TV mount market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
The “TV Mount Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
The global TV mount market is expected to reach US$ 46.74 billion by 2031.
The key players holding majority shares in the global TV mount market are Omnimount, Atdec Pty Ltd, Jiangxi Kingsun Industry Co., Ltd, Display Mount Pro Co., Ltd, and Highgrade Tech Co. Ltd.
The demand for cloud-based and mobile-enabled restaurant catering software is anticipated to play a significant role in the global TV mount market in the coming years.
Increased usage of machine learning and increasing adoption of big data analytics are the major factors that propel the global TV mount market.
The global TV mount market was estimated to be US$ 13.50 billion in 2023 and is expected to grow at a CAGR of 13.7 % during the forecast period 2023 - 2031.