The global entertainment centers and TV stands market is estimated to grow at a CAGR of 4.5% during the forecast period. Modular TV stands allow for the addition of shelves to the TV stand, allowing for the storage of various objects and decorative items. These are available in a range of sizes and forms, as well as patterns and designs. Open shelving is a common form of modular TV stands for consumers who want a less intrusive configuration with an open aesthetic element that doesn’t take up much room. This style of modular TV stand usually has a central frame that supports numerous shelves and a mounting bracket for the television. People in Asia-Pacific countries have more purchasing power as their disposable income rises. People are spending more on luxury, comfort, and leisure products than ever before. The modular TV stand industry is also growing owing to changes in lifestyle and a rise in modern house renovation. People are being influenced by changes in lifestyle and the availability of modern home renovation to have a beautiful looking modular TV stand to enhance the aesthetic appeal of their homes. The use of smart TVs in the hotel industry, workplaces, and other industries is driving demand for modular TV stands.
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Market leaders are expanding their distribution networks to include an e-commerce platform. They can serve a big number of clients 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 the branded modular TV stand. For instance, pepper fry, an online furniture and home décor shop, is providing discounts ranging from 10% to 50% on Indian modular TV stand brands such as space wood, Akshay furniture, and Crystal furnitech. It also offers up to 68% discounts on select other global brands of modular TV stands, like Eros, Evok, and Royaloak, among others. Companies are also attempting to create new inventive products.
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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
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Ashley Furniture, Quanu Furniture Group, and Twin-Star International, among others.
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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 Entertainment Centers and TV Stands Market Report by Segment
By Type
- Cabinet Type
- Wall Mount Type
- Modular & Entertainment Centers Type
- Others
By Application
- Household
- Commercial
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