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.
TV Mount Market Analysis
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 Mount Market Overview
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.
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TV Mount Market: Strategic Insights
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TV Mount Market: Strategic Insights
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TV Mount Market Drivers and Opportunities
Rising Living Standard of People is Driving the Demand for TV Mounts.
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.
Evolving preferences of people
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.
TV Mount Market Report Segmentation Analysis
Key segments that contributed to the derivation of the TV mount market analysis are type and application.
- Based on the type, the TV mount market is segmented into fixed wall mount, full-motion wall mount, tilting wall mount, and ceiling mount.
- By application, the market is segmented into residential and commercial The residential segment held a larger market share in 2023.
TV Mount Market Share Analysis by Geography
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.
TV Mount Market Regional Insights
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.
- Get the Regional Specific Data for TV Mount Market
TV Mount Market Report Scope
| 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 |
Market Players Density: Understanding Its Impact on Business Dynamics
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:
- Omnimount
- Atdec Pty Ltd
- Jiangxi Kingsun Industry Co.Ltd
- Display Mount Pro Co.Ltd
- Highgrade Tech Co. Ltd
- B-Tech International Ltd
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the TV Mount Market top key players overview
TV Mount Market News and Recent Developments
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:
- In August 2023, SANUS, an industry leader in mounts and accessories for TVs and smart devices, announced the VIWLF128-B2 Large In-Wall Full-Motion mount. The mount is a premium-grade solution for installers looking to provide the ultimate viewing experience for screens ranging from 42 to 85 inches. With up to 28 inches of extension and 67 degrees of swivel left and right, this mount sits nearly flush when recessed at just half an inch from the wall. It features an enclosure that provides convenient AV storage while maintaining a professional aesthetic. (Source: Toast, Press Release)
- In March 2024, Gentec International announced its strategic partnership with SANUS, the #1 TV mount brand in the USA, as their exclusive distribution partner for the Canadian market. This collaboration marks a significant milestone in enhancing the home entertainment solutions experience for Canadian retailers and consumers. (Source: FoodStorm, Press Release)
TV Mount Market Report Coverage and Deliverables
The “TV Mount Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
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