Modular TV Stands Market

Modular TV stands facilitate add on shelves to the TV stand in which various stuffs and decorative items could be accommodated. These come in different sizes and shapes along with variety of patterns and design. One of the popular designs of modular TV stands is the open shelving design for the users who look for a less obtrusive setup which give open visual element and do not take much space. Commonly this type of modular TV stand facilitates mounting bracket for the television and have central frame, which holds several shelves.

COVID-19 Scenario Analysis: 

The demand for modular TV stand depends upon the demand for TV. The world wide pandemic occurrence has significantly reduced the frequency of purchase of electrical and electronic products and increased the lead time delivery of goods due to which TV sets are experiencing decline in its demand which in turn decreases the demand for modular TV stand. Moreover, in COVID-19 people are focusing more on purchasing staple food and hygiene products resulting in decline in the demand for lifestyle products. COVID-19 outbreak has created scarcity of labor supply, raw materials, and availability of other components due to which production of modular TV stands has been hampered. The impaired supply chain and distribution network are some of the challenges that the industries are focusing on. The end of the lockdown in the countries are anticipated to boost the growth of TV and modular TV stands market. In post COVID-19 scenarios the sale of modular TV stand may be increased from e-commerce platform. The companies need to develop such strategies to change the design of their supply chain and production policies or plans in tandem with the changing business environment.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers And Impact Analysis

Rise in disposable income enhances the purchasing power of the people living in Asia-Pacific countries. People are spending more than before on luxury, comfort, and lifestyle products. Changes in lifestyle and increase in modern home renovation also supports the growth of the modular TV stand market. The changes in lifestyle and availability of modern home renovation influence people to have a luxurious looking modular TV stand for enhancing the aesthetic appeal of the home. The usage of smart TV in hospitality industry, offices, and in such other industry increases the demand for the modular TV stand product.

The global Modular TV stands market trends are as follows:

Market growth through online channels

Leading market players are extending their distribution network toward e-commerce platform. Selling through e-commerce platform enables them to serve to large number of customers. The wide range of different brands of modular TV stands on e-commerce platform is propelling the growth of the market. In addition many e-commerce platforms are providing discounts on the branded modular TV stand. For instance, pepperfry, an online furniture and home décor selling retailer is offering discounts from 10 to 50% on Indian brands of modular TV stand such as spacewood, Akshay furniture, and Crystal furnitech. It is also providing discounts on some other international brands of modular TV stand of up to 68% such as Eros, Evok and Royaloak among others. Companies are also trying to develop new innovative modular TV stand to the increasing demand for the product. 

Key Benefits of the Report:

• This study presents the analytical depiction of the global modular TV stands industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global modular TV stands market share.
• The current market is quantitatively analyzed to highlight the global modular TV stands market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global modular TV stands market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Modular TV Stands Market Research Report:

• What are the leading market players active in the modular TV stands market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Modular TV Stands Market Report Highlights