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“TV Mount Market to 2027 – US Analysis and Forecasts by Type (Fixed Wall Mount, Full-Motion Wall Mount, Tilting Wall Mount, Ceiling Mount, and Others); Application (Residential and Commercial)”, The scope of study involves understanding on the factors responsible for this growth of US TV mount market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant TV mount players in the US market and their key developments.
The US TV mount market was valued at US$ 1,953.6 Mn in 2018 and is expected to reach US$ 3,319.2 Mn by 2027, growing at a CAGR of 6.1% from 2019 to 2027. The US is a highly technologically developed country across the globe. The technologies get implemented in the country at an early phase. Continuous technological development supports the country to continue with growing GDP. From the last consecutive four years, the country’s GDP is growing. This growth has resulted in the high disposable income of the individuals, which further raised the high standard of living of the US. Better living standards signifies that individuals are more inclined towards the purchase of luxurious and high-end products. The positive growth in the living standard of people is expected to drive the market for advanced TV sets, which would positively impact the installation of TV mounts as well. For instance, in March 2019, Vizio, the US largest TV manufacturer, is involved in the activity of developing a new industry standard, which will enable smart TVs to cater to targeted ads. Vizio has partnered with different nine media and advertising companies to develop a Project OAR. This project is a consortium which develops standard.
By application, the US TV mount market is segmented into residential and commercial. TV mount by application is led by residential in 2018 with a market share of 59.6% and is expected to continue its dominance during the forecast period. The commercial segment is expected to garner significant share in US TV mount market. Growth in venture capital investment, increase in the construction spends by the Government, have resulted in the rising structures of hospitality buildings, and other commercial buildings are some of the other factors responsible for driving the TV manufacturing industry. Besides the growth in infrastructure projects in the US, the replacement rate of consumer electronics is also high, pertaining to evolving usage patterns and rapid technology adoption. The spending rate of US consumers has increased in recent year owing to rising wages, availability of jobs, and greater hours worked. The factors, as mentioned earlier, have resulted in high growth potentials for advanced and lightweight TV screens, including LED and LCD, in the US from both the residential and commercial sectors. Consumer awareness and adoption of innovative and advanced technologies with regards to digital terrestrial television is forecasted to impact the demand for TV mounts in the US.
The report segments the US TV mount market as follows:
US TV Mount Market, By Type
US TV Mount Market, By Application
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