TV Mount Market Revenue to Cross US$ 19,089.6 million by 2027: The Insight Partners

The Insight Partners Latest market study on "Global TV Mounts Market to 2027 - Analysis and Forecasts by Type (Fixed Wall Mount, Full-Motion Wall Mount, Tilting Wall Mount, and Ceiling Mount); and Application (Residential and Commercial) and Geography", The global TV Mounts market is accounted to US$ 10,264.8 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019-2027, to account to US$ 19,089.6 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

On the basis of application, the TV mounts market is categorized into the as residential, and commercial sectors. In 2018, the residential segment led the global TV mounts market. TV mounts are suitable for any flat panel TV including, LED, OLED, Plasma, or LCD Screen. Several types of TV mounts are available in the market such as wall mount, full-motion wall mount, tilting wall mount, and ceiling mount. The choice of the right mount to be fixed depends on factors including, wall bracket as well as viewing capabilities. 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. The customers use these mounts to save space as well as to enhance their house decoration. The global residential construction market has witnessed healthy growth rates in the past few years. 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. Also, with the high standard of living and increased per capita income, people are installing more than one TV set per residence. Rising number of residential consumption witnessed the increased volumes of TV mounts installed in a single residential facility which is the major driving factors for the adoptions of these products by the residential sector.

Get Exclusive Sample Pages of TV Mount Market at
https://www.theinsightpartners.com/sample/TIPTE100001274/?utm_source=OpenPR&utm_medium=10591

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 type of TV mount is depend upon viewing capabilities and wall bracket. Television is the inevitable part of any household and LCD or LED TVs with pedestal stand acquire lots of space. Thus, acceptance of TV mounts is increasing as a space saving option, which facilitates lightweight LCD, LED, and plasma TVs to easily hang on the wall. The market for TV mounts is booming along with this rising living standard of people is supporting the growth of the global market.

The developing economies such as India, Malaysia, Argentina, and several South East Asian economies are remarking significant growth in their GDP which has resulted in the increased per capita income of people. This increase in income led to growth in purchase capability of LCD, LED, or OLED TVs by replacing it with old CRT TVs, which in turn influencing the market growth of TV mount market. Moreover, increased penetration of internet and growth of e-commerce sector in developing economies are further supporting the growth of TV mount market. Along with this, government of several developing economies are taking initiatives for their infrastructural development for residential as well as commercial sector such as educational institutes, hotels, hospitals, and other commercial buildings. This rise in infrastructure is expected to propel the growth of TV mounts market during the forecast period.

Speak to Analyst
https://www.theinsightpartners.com/speak-to-analyst/TIPTE100001274/?utm_source=OpenPR&utm_medium=10591

Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'TV mounts Market' provides the analysis on impact on Covid-19 on business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

The developing economies across the globe including India, Malaysia, Brazil, Argentina, Mexico, as well as several South East Asian economies are noticing a significant increase in their GDP resulting in increased per capita income of the people. This has led to rising affordability of people residing in these countries to purchase LCD, LED, or OLED TVs by replacing them with old CRT TVs. Furthermore, the growth in developed economies such as the U.S. and Canada has also been witnessed. This growth is attributed to the surge in demand for upgrade the TV screen size with the bigger ones or with high resolution, hence boosting the growth of TV mount market. The availability of internet at cheap rates in some countries such as India has seen a sharp rise in the demand for smart TVs.

The proliferation of online streaming services in developing and developed countries has further fueled the demand for smart TVs and TV accessories such as TV wall mounts around the world. The growing consumer expenditure on home improvements products is expected to have a positive influence on the sales of TV mounts market. Further, the growing presence of e-commerce in developing economies owing to increasing internet penetration has driven the market. The companies operating in the TV mounts market are offering their products online to these customers thus, generating more market space. Also, easy availability of no cost EMI is another reason propelling the growth of TV market in these countries.

The market for global TV mounts is concentrated with some very well-established players. Some of the key players in the global TV mounts market are Omnimount, Atdec Pty Ltd., Jiangxi Kingsun Industry Co., Ltd., Display Mount Pro Co., Ltd., Highgrade Tech Co. Ltd, B-Tech International Ltd, Unicol Engineering, Videosecu, Legrand Av Division and Shenzhen Xinadda Ir-Pi Products Co., Ltd. among others.

Purchase Copy of this Premium Market Research Study at
https://www.theinsightpartners.com/buy/TIPTE100001274/?utm_source=OpenPR&utm_medium=10591

About Us:

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

More Trending Report:
https://www.digitaljournal.com/pr/system-in-package-sip-technology-market-to-garner-us-22013-4-million-globally-by-2027-at-8-4-cagr-the-insight-partners

This release was published on openPR.