Massage Equipment Market Size to Grow by USD 3.27 billion | Technavio - PR Newswire

[massage]

Market Scope

The report covers the following areas:

Vendor Insights

The market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Aojiahua Intelligent Health Technology Group Co. Ltd.
• Beurer GmbH
• Casada International GmbH
• Family Inada Co. Ltd.
• JSB Health & Fitness Pvt. Ltd.
• OSIM International Pte. Ltd.
• Panasonic Corp.
• Prospera Corp.
• Shanghai Rongtai Health Technology Co. Ltd.
• Wahl Clipper Corp.

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Geographical Market Analysis

APAC will provide maximum growth opportunities in the massage equipment market during the forecast period. According to our report, the region will contribute to 31% of the global market growth during the forecast period. China and Japan are the two major markets for massage equipment market in APAC.

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Key Segment Analysis

The global massage chairs and sofas market has witnessed a rapid rise in demand from both developed and developing countries. The rise in disposable income of households in developing countries such as India, South Korea, and China has led to a shift in the consumption patterns of customers toward smart massage chairs that deliver a therapeutic massage experience to the user.

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Key Market Drivers & Challenges:

The use of massage equipment to alleviate pain and stress is driving the market growth. In recent years, there has been a steady increase in the demand for massage equipment to control muscle pain and various other health issues. Moreover, different vendors operating in the global massage equipment market are extensively investing in innovative massage equipment, which aims to serve multiple purposes.

The impact of the COVID-19 pandemic will challenge the growth of the market participants. The industrial sector has three industry groups: capital goods, commercial and professional services, and transportation. Most companies operating in this sector will be impacted by deteriorating macroeconomic trends and a decline in government finances, leading to a tightened liquidity situation. This will result in decreased order outlook, execution challenges, and a decline in the working capital for the commercial and professional services industry group.

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Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist massage equipment market growth during the next five years
• Estimation of the massage equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the massage equipment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of massage equipment market vendors

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Massage Equipment Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of almost 3%
Market growth 2021-2025	USD 3.27 billion
Market structure	Fragmented
YoY growth (%)	1.75
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 31%
Key consumer countries	US, Germany, China, France, Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aojiahua Intelligent Health Technology Group Co. Ltd., Beurer GmbH, Casada International GmbH, Family Inada Co. Ltd., JSB Health & Fitness Pvt. Ltd., OSIM International Pte. Ltd., Panasonic Corp., Prospera Corp., Shanghai Rongtai Health Technology Co. Ltd., and Wahl Clipper Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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.

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Massage chairs and sofas - Market size and forecast 2019-2024
• Back massagers - Market size and forecast 2019-2024
• Handheld massagers - Market size and forecast 2019-2024
• Neck and shoulder massagers - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Commercial - Market size and forecast 2019-2024
• Residential - Market size and forecast 2019-2024
• Market opportunity by End-user

Market Segmentation by Type

• Market segments
• Comparison by Type
• Electric massage equipment - Market size and forecast 2019-2024
• Non-electric massage equipment - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Impact of COVID-19 pandemic on the market
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Aojiahua Intelligent Health Technology Group Co. Ltd.
• Beurer GmbH
• Casada International GmbH
• Family Inada Co. Ltd.
• JSB Health & Fitness Pvt. Ltd.
• OSIM International Pte. Ltd.
• Panasonic Corp.
• Prospera Corp.
• Shanghai Rongtai Health Technology Co. Ltd.
• Wahl Clipper Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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