Population across the globe is constantly growing, thus resulting in augmented need for residential construction. This, in turn, is leading to the increased demand for electronics such as TVs. Manufacturers deploy a variety of materials to make their mounts. Some of the standard building materials employed by them include steel, aluminum, as well as plastic. Moreover, flourishing construction sector upturns the TV shipments, which subsequently raises the demand for TV wall mounts. It has been observed that the governments are coming up different schemes and programs for the building residential houses and structures. They are also offering low interest rates, tax reductions, and reduced mortgages to allow affordable purchasing of houses. Taking into account the growth of the global market, QYR Consulting has lately published a new report titled, “Global TV Wall Mounts Market Report, History and Forecast 2014 - 2025.”According to the report, the global TV wall mounts market was US$ 2044 mn in 2018 and is expected to reach US$ 2331 mn by the end of 2025. The global TV wall mounts market is predicted to exhibit a sluggish CAGR of 1.86% during the forecast period of 6 years, i.e. between 2019 and 2025.
Fixed TV Wall Mounts to Grab a Major Share in the Market
As far as the product is concerned, the TV wall mounts market is segregated as fixed TV wall mount, adjustable TV wall mount, and others. Fixed TV wall mounts are expected to acquire a considerable market share in the coming years due to their easy installation and cost effectiveness when compared with the other product types.
On the basis of application, the global TV Wall Mounts market is divided as commercial use, residential use, and others. The residential use is expected to capture a conspicuous share due to booming population and growing need for housing. Commercial use is also expected to witness a surge in the near future owing to construction of hotels, hospitals, educational institutions, and various other structures.
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North America to Emerge as a Frontrunner in the Market
Surge in the number of fracturing activities is expected to drive the market in North America. Additionally, increasing production of TV wall mounts is acting as a key factor influencing the regional market growth. Asia Pacific is anticipated to witness substantial growth in the coming years owing to growing population, rapid urbanization, and growing demand for housing in emerging economies such as China and India. The overall TV market has witnessed significant growth in China, which is expected to contribute significantly to the TV wall mounts market growth.
Some of the prominent players operating in the global TV Wall Mounts market are KINGSTAR DISPLAYS, Milestone, Vogel’s, Cinemount, Husky Mount, Levelmount, LUMI LEGEND, Ningbo Tianqi, OSD Audio, Crimson, ZILLA, Changzhou Yuming, Premier Mounts, Swiftmount, Daveco, MW Products, Ruian QM, Lilong, Fenghua Yuanfan, Locteck, VideoSecu, AVF, OmniMount, North Bayou, Atdec, Shenzhen Xinadda, Kanto, Qidong Vision, Yuyao Yuda, and Peerless.
Manufacturers are stressing on the development of automated TV mounts, which is having a positive impact on the global market. Some of the leading companies are improving their distribution networks in order to expand their reach across the globe.
Infrastructural Development to Play a Key Role in Market Growth
Governments have been implementing initiatives pertaining to infrastructural development, which is having a positive impact on the TV wall mounts market growth. Moreover, there has been a surge in the construction of commercial and public buildings such as hotels, restaurants, railways, airports, educational institutions, and hospitals, thereby contributing in the demand for TV wall mounts. Myriad of advantages provided by TV wall mounts and enhanced standard of living are also some of the key factors driving the TV wall mounts market. In addition, availability of a wide range of TV wall mounts is acting as a key driver in the wall mounts market.
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