1 Global Television (TV) Mount Market Outlook
The global Television (TV) Mount market is projected to exhibit substantial growth in the coming years, with a CAGR of 1.73% from 2024 to 2033, reaching a total market size of $2258.09 million USD in 2024. A TV mount is a peripheral device specifically designed for flat-panel TVs, LCD TVs, and other display units to be mounted on walls or ceilings. These mounts are essential for optimizing space utilization, enhancing viewing angles, and providing a sleek, modern appearance. They are widely used in various settings such as living rooms, bedrooms, offices, conference halls, hotels, airports, and shopping centers. The market segmentation includes different types of mounts—fixed wall mounts, full-motion wall mounts, tilting wall mounts, ceiling mounts, and others—each catering to specific needs and preferences.
Figure Global Television (TV) Mount Market Size and Growth Rate (2024-2033)
2 Television (TV) Mount Market Growth Drivers and Constraints
The growth of the global TV mount market is influenced by several key driving factors. Firstly, the rapid development of e-commerce has significantly impacted the industry. Online sales platforms have reduced transaction costs, simplified business management, and expanded market coverage. This has made it easier for consumers to access a wide range of TV mount options and has driven demand growth.
Another significant driver is the improvement in living standards, which has led to increased demand for space-saving solutions. As people seek more efficient ways to utilize their living spaces, TV mounts have become increasingly popular. The rise in large-screen TV ownership, particularly in emerging economies, has further fueled this trend. Additionally, the continuous innovation in TV mount technology, such as the development of automated and multi-functional mounts, has attracted more consumers and expanded market opportunities.
However, the market also faces several limiting factors. Intense competition among manufacturers has led to low-price strategies, which can be challenging for smaller companies with limited financial resources. The highly fragmented nature of the market makes it difficult for companies to maintain a competitive edge. Additionally, the COVID-19 pandemic has had a significant impact on the industry, causing fluctuations in raw material prices, disruptions in logistics, and challenges in supply chain management. These factors have hindered market recovery and growth in some regions.
3 Television (TV) Mount Market Innovations and M&A Activities
Technological innovation plays a crucial role in the growth of the TV mount market. Companies are focusing on developing new and improved products to meet the evolving needs of consumers. For example, Ergotron’s innovative TRACE™ Monitor Mount won the Good Design® Award in 2022 for its unique vertical and lateral movements, which enhance user experience. Other companies are also investing in automated TV mounts, aesthetic designs, and easy-to-install kits to support DIY concepts.
Corporate mergers and acquisitions have been a key strategy for companies to expand their market presence and enhance their product portfolios. One notable example is Legrand’s acquisition of Milestone AV in 2017 for nearly $1 billion. This strategic move allowed Legrand to integrate leading TV mount brands such as Chief and Sanus into its portfolio, strengthening its position in the home technology sector.
In addition to mergers and acquisitions, companies are also forming strategic alliances with global TV manufacturers to become long-term suppliers. This approach helps companies secure a stable market share and expand their customer base. Overall, the combination of technological innovation and strategic business moves is expected to drive the TV mount market forward, despite the challenges posed by intense competition and market fragmentation.
In conclusion, the global TV mount market is poised for steady growth, driven by increasing consumer demand, technological advancements, and strategic business initiatives. While challenges remain, the market’s potential for innovation and expansion offers promising opportunities for companies that can adapt and excel in this dynamic environment.
4 Global Television (TV) Mount Market Analysis by Type
In 2024, the global Television (TV) Mount market is projected to see distinct revenue contributions from different types of mounts. Specifically, the Fixed Wall Mount segment is expected to generate a revenue of $812.28 million USD, accounting for the largest market share at 35.97%. The Full-Motion Wall Mount segment is forecasted to achieve a revenue of $406.67 million USD, representing 18.01% of the total market revenue. The Tilting Wall Mount segment is anticipated to reach a revenue of $584.87 million USD, holding a market share of 25.90%. Meanwhile, the Ceiling Mount segment is expected to contribute $229.44 million USD in revenue, with a market share of 10.16%. Lastly, the “Others” category is projected to generate $224.83 million USD, representing 9.96% of the total market revenue. These figures highlight the diverse market dynamics and the varying levels of demand for different types of TV mounts in the global market.
Table Global Television (TV) Mount Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Fixed Wall Mount | 812.28 | 35.97% |
Full-Motion Wall Mount | 406.67 | 18.01% |
Tilting Wall Mount | 584.87 | 25.90% |
Ceiling Mount | 229.44 | 10.16% |
Others | 224.83 | 9.96% |
5 Global Television (TV) Mount Market Analysis by Application
In 2024, the global Television (TV) Mount market is projected to see distinct revenue contributions from different applications. The Residential application segment is expected to generate a revenue of $1,347.86 million USD, accounting for the largest market share at 59.69% of the total revenue. The Commercial application segment is forecasted to achieve a revenue of $604.21 million USD, representing 26.76% of the total market revenue. Meanwhile, the “Others” category is expected to contribute $306.02 million USD, holding a market share of 13.55% of the total revenue. These figures indicate that the residential market continues to dominate the TV mount industry, while commercial applications also maintain a significant presence in the global market.
Table Global Television (TV) Mount Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Commercial | 604.21 | 26.76% |
Residential | 1347.86 | 59.69% |
Others | 306.02 | 13.55% |
6 Global Television (TV) Mount Market Analysis by Region
In 2024, the global Television (TV) Mount market is forecasted to generate a total revenue of $2,258.09 million USD. Among the major regions, Asia-Pacific is expected to lead with a revenue of $866.62 million USD, holding a market share of 38.38%. North America follows closely with a projected revenue of $653.37 million USD, representing 28.93% of the total market revenue. Europe is anticipated to contribute $557.53 million USD, accounting for 24.69% of the global market. South America is forecasted to achieve $111.80 million USD in revenue, with a market share of 4.95%, while the Middle East and Africa region is expected to generate $68.77 million USD, holding a 3.05% market share. These figures highlight the significant contributions of Asia-Pacific and North America to the global TV mount market, while also illustrating the diverse regional dynamics across the world.
Figure Global Television (TV) Mount Market Share by Region in 2024
7 Top 3 Companies of Global Television (TV) Mount Market
7.1 Legrand
Company Introduction and Business Overview:
Legrand is a global specialist in electrical and digital building infrastructures, with a history dating back to 1865. Headquartered in France, the company has a worldwide presence and is renowned for its innovative solutions in the home technology sector. Legrand’s AV division is a leading provider of mounting and display solutions for various audio-visual technologies, offering products under several well-known brands such as Chief, Da-Lite, Middle Atlantic, Projecta, Sanus, and Vaddio.
Products Offered:
Legrand’s product portfolio for TV mounts is extensive and includes a variety of fixed, full-motion, and tilting wall mounts. One of their notable products is the TiLED™ Mounting System for Philips 27BDL 9000 Series. This system features X-axis lateral shift adjustments, Y-axis vertical shift adjustments, and Z-axis plumb adjustments to compensate for wall imperfections. It also supports a modular design for creative video wall setups and includes offset mounting slots for easy installation.
Sales Revenue in the Latest Year:
Legrand’s Television (TV) Mount sales revenue reached $137.29 million USD. This figure reflects the company’s strong market position and its ability to off.
7.2 Ergotron
Company Introduction and Business Overview:
Ergotron, Inc., founded in 1982 and headquartered in the United States, is a global company focused on improving how people work, learn, play, and care for others. Ergotron is known for its innovative solutions in ergonomic products and has a portfolio of over 200 patents. The company designs and manufactures a wide range of products, including TV mounts, monitor arms, and other ergonomic solutions, primarily for the North American, European, and Asia-Pacific markets.
Products Offered:
Ergotron’s TV mount offerings include the innovative Glide Wall Mount, HD, Heavy Duty, which features a low-profile lift module, tilt brackets, and integrated cable management hardware. This mount allows for a distance of 2 inches from the wall to the back of the display, making it an ideal solution for modern living spaces. Another notable product is the UPC: 698833035131, Part Number: 61-061-085, which includes a heavy-duty mount with a five-year warranty.
Sales Revenue in the Latest Year:
Ergotron’s Television (TV) Mount sales revenue amounted to $90.69 million USD. This revenue highlights Ergotron’s continued success in offering high-quality, innovative products that cater to both residential and commercial needs.
7.3 LG
Company Introduction and Business Overview:
LG Corporation, established in 1947 and headquartered in South Korea, is a global leader in electronics, chemicals, and telecommunications. LG operates subsidiaries in over 80 countries and is known for its wide range of consumer electronics, including TVs, smartphones, and home appliances. In the TV mount segment, LG offers a variety of solutions designed to complement its high-quality displays.
Products Offered:
LG’s TV mount offerings include the 2020 Gallery TV Flush Wall Mount, which is compatible with specific LG TV models such as the 75/65NANO99, OLED77/65/55GX, and OLED77ZX. These mounts are designed to provide a sleek, low-profile installation that enhances the viewing experience while maintaining a modern aesthetic. LG’s mounts are known for their durability and ease of installation, making them a popular choice for consumers.
Sales Revenue in the Latest Year:
LG’s Television (TV) Mount sales revenue reached $51.95 million USD. This figure underscores LG’s strong presence in the market, driven by its reputation for quality and innovation in consumer electronics.