Global TV Wall Mounts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global TV Wall Mounts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

TV Wall Mounts are brackets for mounting TVs to walls. The stand is usually solid in construction, with a simple tilt mechanism and a smooth viewing angle after installation. TV Wall Mounts not only free up indoor space and prevent TV from tipping over, but also ensure TV is at the best viewing angle for enhanced TV viewing.

Market Overview:

The latest research study on the global TV Wall Mounts market finds that the global TV Wall Mounts market reached a value of USD 2111.45 million in 2022. It’s expected that the market will achieve USD 2371.01 million by 2028, exhibiting a CAGR of 1.95% during the forecast period.

Multiple benefits of TV Wall Mounts

The multiple benefits that come with TV Wall Mounts add to its popularity. First of all, TV Wall Mounts can save a lot of space. Mounting the TV to the wall means that there is no need for a bulky TV cabinet, allowing more room for other furniture. Most TV Wall Mounts come with cable ties, which can reduce cable clutter and add a minimalist aesthetic to any space in home. Second, one of the greatest benefits of TV Wall Mounts is that users can adjust the tilt and orientation of the TV to comfortably watch the TV from multiple positions in the room, preventing eye or neck strain. Users no longer have to place all chairs and sofas facing the direction of the TV. For households with children, TV Wall Mounts can reduce the chance of a TV tipping over and causing injury due to a collision. In commercial places, TVs installed at high places can only allow staff to touch and access, which is beneficial to protect expensive equipment and information security. In addition, using TV Wall Mounts can prevent the TV from reflecting too much light. Therefore, many advantages of TV Wall Mounts make it more and more popular in the market.

Increase in TV consumption

Televisions are an important part of home entertainment. According to Statista, there are an estimated 1.72 billion TV households worldwide in 2021, and will exceed 1.8 billion by 2026. As consumption levels continue to rise and TV screen technology improves, lightweight TVs such as LCD, LED and plasma TVs are becoming more common and can be more easily mounted on the wall. This is conducive to the vigorous development of the TV Wall Mounts market. Rising per capita incomes around the world have consumers gravitating toward replacing older bulky CRT TVs with newer ones with larger screens and high resolution. At the same time, the low cost of Internet service has spawned more online streaming services. According to Nielsen data, U.S. streaming media consumption will account for 33.7% of total TV consumption in June 2022. The amount of time viewers spends watching streaming services such as Netflix, Amazon Prime Video, Disney+ and YouTube has increased significantly. Additionally, as consumers spend more time at home entertaining under the impact of COVID-19, parents are starting to spend more time with their children, often by making TV watching a priority family activity. Hence, increasing consumption of TVs drives the demand for TV accessories including TV Wall Mounts.

The number of buildings increased

The global residential construction market has continued to grow healthily in recent years. Statista expects a steady growth in revenue for the global construction industry in the coming years. Revenue in 2030 is expected to be more than double that of 2020. Global urbanization is accelerating, driven by most governments increasing infrastructure spending and building sustainable modern buildings. Population growth in Southeast Asian countries such as India, Indonesia, Vietnam, and China, technological advancements, and favorable government regulations have all boosted construction activities within the region, leading to an increase in the number of residential constructions. This has increased the demand for television sets and accessories for households. And the high standard of living in developed countries has led consumers to install more than one TV in their homes. In order to attract foreign investment, the governments of developing countries have increased the construction of commercial buildings such as airports, hospitals, hotels, shopping centers and educational institutions. This will drive the increase in the number of commercial TV installations, thereby contributing to the expansion of the TV Wall Mounts market. Furthermore, rising internet penetration and growing e-commerce industry in developing countries further support the growth of the TV Wall Mounts market. Therefore, the increase in the number of residential buildings together with commercial buildings will have a positive impact on the TV Wall Mounts market.

Region Overview:

In 2021, the share of the TV Wall Mounts market in Asia Pacific stood at 40.07%.

Company Overview:

Legrand (Milestone), Ergotron, LG were the top 3 players in the TV Wall Mounts market in 2022, taking up a market share of 14.35% together.

Segmentation Overview:

By type, Adjustable TV Wall Mount segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Residential Use segment occupied the biggest share from 2017 to 2022.

Key Companies in the global TV Wall Mounts market covered in Chapter 3:

Vogel's
Peerless
KINGSTAR DISPLAYS
Premier Mounts
Changzhou Yuming
Fenghua Yuanfan
Ningbo Honsunmount
Swift mount
Locteck
VideoSecu
Daveco
LG
Ningbo Tianqi
ZILLA
OSD Audio
Shenzhen Xinadda
Cinemount
Kanto
Ruian QM
LUMI LEGEND
Husky Mount
Yuyao Yuda
Qidong Vision
Lilong
Legrand (Milestone)
Crimson
MW Products
AVF
Ergotron

In Chapter 4 and Chapter 14.2, on the basis of types, the TV Wall Mounts market from 2018 to 2029 is primarily split into:

Adjustable TV Wall Mount
Fixed TV Wall Mount

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the TV Wall Mounts market from 2018 to 2029 covers:

Commercial Use
Residential Use

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)