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Television Mounts market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
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Market Overview

Television mounts have become increasingly popular in recent years due to the growing trend of wall-mounted televisions. A television mount is a device that securely holds a television on a wall or any other surface. These mounts provide convenience, space-saving solutions, and improved viewing angles for consumers. The television mounts market has witnessed significant growth as more and more people are opting for wall-mounted televisions in their homes, offices, and commercial spaces.

Meaning

Television mounts are fixtures designed to hold televisions securely on walls or other surfaces. They come in various types, such as fixed mounts, tilting mounts, full-motion mounts, and ceiling mounts. Each type offers different features and benefits, catering to the diverse needs and preferences of consumers. Television mounts are typically made of durable materials like steel or aluminum to ensure stability and longevity.

Executive Summary

The television mounts market has experienced substantial growth in recent years, driven by the rising demand for wall-mounted televisions. The market offers a wide range of mounting options, catering to different TV sizes and mounting requirements. Key players in the market are continuously introducing innovative and advanced mounts with features like articulation, cable management, and easy installation. The market is highly competitive, with numerous players vying for market share and striving to offer high-quality and cost-effective mounting solutions.

Television Mounts market

Key Market Insights

  • The global television mounts market is expected to witness steady growth in the coming years, driven by the increasing popularity of wall-mounted televisions.
  • The market is characterized by intense competition, with major players focusing on product innovation and differentiation to gain a competitive edge.
  • Mounts designed for large-screen televisions are expected to witness significant demand due to the growing adoption of big-screen TVs in residential and commercial spaces.
  • The online retail segment is projected to experience substantial growth, owing to the convenience and wide product selection offered by online platforms.
  • Rising consumer awareness about ergonomic viewing positions and the need to save space in small living areas are driving the demand for television mounts.

Market Drivers

  1. Growing Popularity of Wall-Mounted Televisions: The increasing preference for wall-mounted televisions, driven by the desire for a sleek and modern look in living spaces, is a major driver of the television mounts market.
  2. Space Optimization: Television mounts provide a space-saving solution, especially in small living areas where floor space is limited. This factor has contributed to the market’s growth as consumers seek to maximize their living spaces.
  3. Improved Viewing Experience: Wall-mounted televisions offer better viewing angles and reduce glare, leading to an enhanced viewing experience. This factor has boosted the demand for television mounts.
  4. Increasing Consumer Awareness: Consumers are becoming more aware of the ergonomic benefits of mounting televisions at the right height and angle. This awareness has led to a higher adoption rate of television mounts.
  5. Technological Advancements: Mount manufacturers are incorporating advanced features like swivel, tilt, and cable management systems, which have attracted consumers looking for convenience and functionality.

Market Restraints

  1. Installation Challenges: Some consumers may face difficulties in installing television mounts, especially if they lack the necessary tools or skills. This can be a hindrance to market growth.
  2. Limited Compatibility: Not all televisions are compatible with every type of mount. This can restrict the options available to consumers and limit market expansion.
  3. High Cost of Premium Mounts: Advanced mounts with features like motorized articulation or adjustable arms tend to be more expensive. This higher price point can deter price-sensitive consumers.

Market Opportunities

  1. Emerging Markets: The television mounts market has significant growth potential in emerging economies where the adoption of wall-mounted televisions is on the rise. Expanding into these markets can offer new opportunities for market players.
  2. Customization and Personalization: Offering customized mounts that cater to specific TV models or consumer preferences can be a lucrative opportunity. Personalized mounts that blend seamlessly with interior designs are gaining popularity.
  3. Commercial Sector Expansion: The commercial sector, including offices, hotels, and restaurants, presents a growing opportunity for television mounts. The need for digital signage and enhanced viewing experiences in public spaces is driving demand.

Market Dynamics

The television mounts market is characterized by intense competition and continuous innovation. Market players are investing in research and development to introduce new and improved mounting solutions. Manufacturers are focusing on enhancing product features, durability, and ease of installation to attract consumers. Additionally, strategic partnerships and collaborations with TV manufacturers are becoming common, leading to a wider range of compatible mounts in the market.

Regional Analysis

The television mounts market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America currently holds the largest market share, driven by the high adoption of wall-mounted televisions and the presence of major market players in the region. Asia Pacific is expected to witness significant growth due to increasing disposable incomes, rapid urbanization, and a rising trend of home automation.

Competitive Landscape

The television mounts market is highly competitive, with numerous players vying for market share. Some of the key players in the market include:

  1. Sanus
  2. Peerless-AV
  3. OmniMount
  4. Mount-It!
  5. Vogel’s
  6. VideoSecu
  7. Cheetah Mounts
  8. AmazonBasics
  9. ECHOGEAR
  10. Impact Mounts

These players compete on factors such as product quality, pricing, innovation, and distribution networks. Strategic acquisitions, partnerships, and product launches are common strategies adopted by market players to gain a competitive advantage.

Segmentation

The television mounts market can be segmented based on the following criteria:

  1. Type of Mount:
    • Fixed Mounts
    • Tilting Mounts
    • Full-Motion Mounts
    • Ceiling Mounts
    • Articulating Mounts
  2. Application:
    • Residential
    • Commercial
  3. Screen Size Compatibility:
    • Small Screens (up to 32 inches)
    • Medium Screens (33 to 55 inches)
    • Large Screens (56 inches and above)
  4. Distribution Channel:
    • Online Retail
    • Offline Retail

Category-wise Insights

  1. Fixed Mounts: Fixed mounts are the simplest and most affordable type of television mounts. They offer a fixed position for the TV without any movement or adjustment options. Fixed mounts are ideal for situations where the viewer’s seating position is directly in front of the TV and there is no need for tilting or swiveling.
  2. Tilting Mounts: Tilting mounts allow vertical adjustment, enabling users to tilt the TV up or down. This feature is beneficial for achieving a better viewing angle when mounting the TV above eye level, such as on a high wall.
  3. Full-Motion Mounts: Full-motion mounts, also known as articulating mounts, offer the highest level of flexibility. They allow the TV to be tilted, swiveled, and extended from the wall. Full-motion mounts are suitable for spaces where viewers require versatile viewing angles or need to adjust the TV’s position frequently.
  4. Ceiling Mounts: Ceiling mounts are designed to suspend the TV from the ceiling, providing a unique viewing experience. These mounts are commonly used in commercial settings, such as bars, restaurants, and waiting areas.

Key Benefits for Industry Participants and Stakeholders

  1. Increased Revenue Opportunities: The television mounts market offers significant revenue potential for industry participants, including manufacturers, distributors, and retailers. The growing demand for wall-mounted televisions translates into higher sales of mounting solutions.
  2. Diversification of Product Portfolio: For TV manufacturers, offering compatible mounts alongside their products can enhance customer satisfaction and provide an additional revenue stream. Mount manufacturers can benefit from partnering with TV brands to expand their market reach.
  3. Market Expansion in Emerging Economies: By tapping into emerging markets, industry participants can unlock new growth opportunities. The rising disposable incomes and changing lifestyles in these regions create a favorable environment for the television mounts market.
  4. Collaboration with Interior Designers and Architects: Collaborating with professionals in the interior design and architecture industries can help manufacturers offer aesthetically pleasing and seamlessly integrated mounts. This collaboration can attract customers who value both functionality and design.

SWOT Analysis

  1. Strengths:
    • Increasing adoption of wall-mounted televisions
    • Continuous product innovation
    • Strong distribution networks
  2. Weaknesses:
    • Installation challenges for consumers
    • Limited compatibility with certain TV models
    • High cost of premium mounts
  3. Opportunities:
    • Emerging markets in developing countries
    • Customization and personalization options
    • Expansion into the commercial sector
  4. Threats:
    • Intense competition among market players
    • Technological advancements in televisions that eliminate the need for mounts
    • Economic uncertainties affecting consumer spending

Market Key Trends

  1. Slim and Low-profile Designs: Television mounts with slim and low-profile designs are gaining popularity as consumers prefer sleek and minimalist aesthetics in their living spaces.
  2. Cable Management Solutions: Mounts with built-in cable management systems that hide and organize wires are in high demand. Consumers seek clean and clutter-free installations.
  3. Motorized and Automated Mounts: Motorized mounts that offer remote-controlled adjustments and automated positioning are becoming increasingly popular, adding convenience and sophistication to home entertainment setups.
  4. Eco-friendly Materials: The use of eco-friendly materials in mount manufacturing, such as recycled metals or sustainable alternatives, is a growing trend. Consumers are increasingly conscious of environmental impact.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the television mounts market. While the initial lockdowns and economic uncertainties led to a temporary decline in consumer spending, the subsequent increase in remote working and entertainment at home created opportunities for market recovery. With people spending more time indoors, the demand for home entertainment solutions, including wall-mounted televisions and mounts, witnessed a surge. The market experienced a shift from commercial installations to residential setups, reflecting changing consumer behaviors during the pandemic.

Key Industry Developments

  1. Introduction of Ultra-slim Mounts: Manufacturers have been focusing on developing ultra-slim mounts that allow televisions to sit flush against the wall, achieving a sleek and minimalistic look.
  2. Integration of Smart Features: Some mounts now offer smart features, such as voice control compatibility or integration with home automation systems, enabling users to control the TV and mount through voice commands or smartphone apps.
  3. Collaboration with TV Manufacturers: Mount manufacturers are collaborating with TV brands to ensure compatibility between their mounts and specific TV models, providing consumers with a seamless and hassle-free installation experience.
  4. Enhanced Load-bearing Capacity: Mounts designed to support larger and heavier televisions have been introduced to cater to the growing popularity of big-screen TVs.

Analyst Suggestions

  1. Focus on Ease of Installation: Manufacturers should prioritize designing mounts that are easy to install, providing clear instructions and including installation accessories to simplify the process for consumers.
  2. Customization Options: Offering customization options, such as color choices, size variations, and personalized branding, can attract consumers looking for unique mounting solutions.
  3. Market Education: Industry participants should invest in consumer education and awareness campaigns to highlight the benefits of wall-mounted televisions and the role of mounts in achieving optimal viewing experiences.
  4. Collaboration with Retailers: Collaborating with retailers to create in-store displays and interactive experiences can help increase consumer engagement and drive sales.

Future Outlook

The television mounts market is expected to witness steady growth in the coming years. The increasing popularity of wall-mounted televisions, coupled with the continuous innovation in mount designs and features, will drive market expansion. Emerging markets, customization options, and collaboration opportunities present avenues for industry players to capitalize on the growing demand. However, market participants must remain vigilant and adapt to evolving consumer preferences and technological advancements to stay competitive.

Conclusion

The television mounts market is thriving due to the rising demand for wall-mounted televisions and the need for space optimization. As consumers seek enhanced viewing experiences and aesthetic appeal, television mounts provide an ideal solution. The market offers a wide range of mount types and features, catering to different screen sizes, applications, and installation requirements. Industry participants must focus on product innovation, ease of installation, and collaboration with key stakeholders to capture the growing market opportunities. With continuous advancements in technology and changing consumer behaviors, the television mounts market is poised for a promising future.

Television Mounts Market:

Segment Segmentation Details
By Type Wall Mounts, Ceiling Mounts, Floor Mounts, Others
By Application Residential, Commercial, Industrial, Others
By Region North America, Europe, Asia Pacific, Rest of World

Leading Companies in the Television Mounts Market:

  1. Milestone AV Technologies (Legrand)
  2. Mounting Dream
  3. Ergotron, Inc.
  4. Cheetah Mounts
  5. Monoprice Inc.
  6. Sanus Systems
  7. OmniMount (Legrand)
  8. Rocketfish (Best Buy Co., Inc.)
  9. Loctek Inc.
  10. Vogel’s Products B.V.

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

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