Global Luxury Massage Chair Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Luxury Massage Chair Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global luxury massage chair market report has been segmented as per massage chair nature, product type, application, sales channel, and region.
Global Luxury Massage Chair Market: Overview
Luxury massage chair is mainly used for body massage by commercial and residential users as per their requirement to relive body pain, physical or mental stress, and health and fitness related issues. There are mainly two types of luxury massage chairs available across the globe viz. traditional and robotic massage chairs.
Global Luxury Massage Chair Market: Dynamics
Growing demand for luxury massage chair in many regions across the globe due to rising awareness about various massage therapies which are beneficial for all types of pain and stress treatment among individuals is a key factor expected to drive growth of the global market over the forecast period. In addition, increasing consumer preference shift towards the massage therapy due to various health benefits associated with luxury massage chair such as prevention of anxiety, high blood pressure, poor blood circulation, reduced symptoms of cancer, and depression are some key factors fueling growth of the target market.
Increasing health consciousness among individuals, busy lifestyle, and increasing preference for various massage therapies that offers various complementary therapies such as aromatherapy, acupressure, and physiotherapy is resulting into increasing demand for luxury massage chair across the globe.
Furthermore, increasing demand for fitness and health related products such as traditional massage chairs and robotic massage chairs which offers multiple health benefits including physical and mental relaxation is another key factor expected to drive revenue growth of the global luxury massage chair market during forecast period.
However, high cost associated with luxury massage chairs is a key factor expected to hamper growth of the global luxury massage chair market.
Global Luxury Massage Chair Market: Segment Analysis
Among sales channel, the E-commerce accounts expected to witness significant growth during the forecast period, owing to rising penetration of E-commerce industry, internet, and smartphones across the globe. In addition, various facilities and attractive discounts provided by retailers on E-commerce platform such as, product price comparison, easy exchange and return, free shipping, and home delivery.
Increasing disposable income of individuals across the globe is resulting into rising penetration of luxury massage chair among residential users. This is a primary factor driving revenue growth of the residential user segment among the application segment.
Global Luxury Massage Chair Market: Region Analysis
The market in North America is estimated to account for highest revenue share in the target market followed by market in Europe, owing to high penetration of luxury massage chairs in developed countries such as US, Canada, Germany, and UK in these regions. Market in Asia Pacific is expected to register a highest growth in terms of CAGR in the global market, owing to increasing demand for luxury massage chairs due to rise in stress level and body pain among working professionals in various countries such as India, Japan, and China in this region. Market in Latin America, and Middle East & Africa are expected to witness average growth in terms of revenue, owing to increasing awareness about the luxury massage chairs among individuals in countries in these regions.
Global Luxury Massage Chair Market Segmentation:
Segmentation by massage chair nature:
- Traditional Massage Chairs
- Robotic Massage Chairs
Segmentation by product type:
- Heated Massage Chairs
- Inversion Massage Chairs
- Zero Gravity Massage Chairs
- Full Body Massage Chairs
- Air Massage Chairs
Segmentation by application:
- Commercial User
- Residential User
Segmentation by sales channel:
- Specialty Stores
- Hypermarkets / Supermarkets
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Panasonic Corporation
- Family Inada Co., Ltd.
- Fuji Medical Instruments Mfg. Co., Ltd.
- Johnson Health Tech. Co., Ltd.
- OSIM International Ltd
- Cozzia USA LLC
- Human Touch, LLC
- Inada Inc.
- LURACO Technologies
- Osaki Electric Co., Ltd.
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