Luxury Massage Chair Market size to grow by USD 242.01 billion | Technavio Insights highlight rise in Growth in the number of work-related stress as Key Driver | Technavio

NEW YORK, Dec. 27, 2021 /PRNewswire/ -- According to the research report "Luxury Massage Chair Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025", the market will witness a YOY growth of 2.35% in 2020 at a CAGR of 3.25% during the forecast period. The report is segmented by end-user (residential and commercial), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and MEA).

Attractive Opportunities in Luxury Massage Chair Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

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Vendor Insights 

The global luxury massage chair market competes based on several factors such as price, quality, brand, and variety and adopts different strategies to increase its market share. Due to intense competition among vendors, numerous advanced products have got launched in the market. The vendors provide innovative solutions, such as customers now looking for more convenient shopping experiences. Due to this, online shopping is gaining a great pull among customers.

Instead of traditional word-of-mouth marketing, customers easily collect product-specific information regarding luxury massage chairs through different Internet sources. Therefore, to attract more customers, it has become critical for the key players to focus on online distribution channels, online marketing, and branding of their products.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • AJX. Inc
  • Aojiahua Intelligent Health Technology Group Co. Ltd.
  • Family Inada Co. Ltd.
  • Johnson Health Tech Inc.
  • JSB Health & Fitness Pvt. Ltd.
  • Medical Breakthrough
  • OSIM International Pte. Ltd.
  • OTA World LLC
  • Panasonic Corp.
  • Shanghai Rongtai Health Technology Co. Ltd

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

Due to growing awareness of potential applications of luxury massage chair, Europe will provide maximum growth opportunities in the luxury massage chair market during the forecast period. According to our report, the region will contribute 37% of the global market growth and is expected to dominate the market through 2025. The year-on-year growth will vary between 14.78% and 18.99% during this period.

Germany, the UK, and Italy are the key markets for luxury massage chairs in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions. Additionally, several commercial establishments in the region are installing luxury massage chairs on their premises to attract more customers and offer better experiences like promoting physical well-being, emotional stability, and privacy of massaging at home. Therefore, luxury massage chairs with the abovementioned features are expected to register sales growth in Europe during the forecast period. 

Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/luxury-massage-chair-market-industry-analysis 

Key Segment Analysis

The luxury massage chair market share growth by the residential segment will be significant during the forecast period. The growth of the global residential luxury massage chair market is primarily driven by the privacy offered by these chairs for therapies at home. As compared to commercial massage sessions, people opt for residential massage sessions owing to safety reasons.

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Key Market Drivers & Trends 

The luxury massage chair market is primarily driven by the growing work-related stress and the need for stress-relieving solution. It has been noticed that work-related stress occurs due to the increasing prevalence of health conditions such as obesity, high blood pressure, depression, poor circulation, and anxiety. Luxury massage chairs are in high demand as they help in stimulating blood circulation, relieve pain, and enable the muscles to relax. Also, the growing popularity of the shiatsu massage model is one of the key factor in global leisure products market.

Download free sample for highlights on market Drivers & Challenges affecting the medical education market. 

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Related Reports: 

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Luxury Massage Chair Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.25%

Market growth 2021-2025

$ 242.01 million

Market structure

Fragmented

YoY growth (%)

2.35

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 37%

Key consumer countries

US, Germany, UK, China, Italy, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

AJX. Inc, Aojiahua Intelligent Health Technology Group Co. Ltd., Family Inada Co. Ltd., Johnson Health Tech Inc., JSB Health & Fitness Pvt. Ltd., Medical Breakthrough, OSIM International Pte. Ltd., OTA World LLC, Panasonic Corp., and Shanghai Rongtai Health Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contact 
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
US: +1 844 364 1100 
UK: +44 203 893 3200 
Email: media@technavio.com 
Website: www.technavio.com/ 

Technavio (PRNewsfoto/Technavio)

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