The global modular TV stands market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Modular TV stands allow for the addition of shelves to the TV stand, allowing for the storage of various items and decorative items. These are available in a variety of sizes and shapes, as well as patterns and designs. Open shelving is a popular design of modular TV stands for users who want a less obtrusive set up with an open visual element that doesn’t take up much space. This type of modular TV stand usually has a central frame that holds several shelves and a mounting bracket for the television. People in Asia-Pacific countries have now become focused on luxury, comfort, and lifestyle products than ever before. Therefore, the modular TV stand market is also growing owing to changes in lifestyle, rising disposable income, and an increase in focus on modern home renovation. People are being influenced by changes in lifestyle and the availability of modern home renovation to have a luxurious-looking modular TV stand to enhance the aesthetic appeal of their homes. The use of smart TVs in the hospitality industry, offices, and other industries is further driving the demand for modular TV stands.
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Market leaders are expanding their distribution networks and including e-commerce platform. They can serve a large number of customers by selling through an e-commerce platform. The market is growing owing to a large number of different brands of modular TV stands available on e-commerce platforms. Furthermore, several e-commerce sites offer discounts on branded modular TV stands. For instance, Pepper fry, online furniture, and home décor retailer is offering discounts ranging from 10% to 50% on Indian modular TV stand brands such as spicewood, Akshay furniture, and Crystal furnish. It also offers up to 68% discounts on some other international brands of modular TV stands, including Eros, Evok, and Royal Oak, among others. Companies are also attempting to create new innovative products. The demand for a modular TV stand is determined by the rising demand for televisions. The global pandemic has reduced the frequency of purchasing electrical and electronic products and, thereby resulting in a decrease in the demand for TV sets, which in turn reduces the demand for modular TV stands.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Abbyson Living, QuanU Furniture Group, and Twin-Star International, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Modular TV Stands Market Report by Segment
By Type
- Wood
- Glass
- Multi-Material
- Others
By Application
- Household
- Commercial
By Distribution Channel
- Online
- Offline
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