Massage Equipment Market Report by Growth Opportunities 2021, Top Key Players Analysis by Demand Status, Industry Size and Share Forecast with Covid-19 Impact Analysis on Regional Trends 2023
Posted on Feb 16 2021 4:44 AM
"The Massage Equipment Market report 2021 provides valuable insights of business performance, current scenario and future growth, regional market condition, market dynamics, investment opportunity, and top key players of industry. It also delivers insights into present and forthcoming trends & developments of global industry. "
"Final Report will add the analysis of the impact of COVID-19 on this industry."
Global “Massage Equipment Market” research report delivers a valuable source of insightful data for business strategists. Massage Equipment market report discovers diverse topics such as regional market scope, product market various applications, market size according to specific product, sales and revenue by region, manufacturing cost analysis, industrial chain, market effect factors analysis, market size forecast, and more. This report also covers details of market size, growth spectrum, and the competitive scenario of Massage Equipment market in the forecast period.
Global Massage Equipment market size is estimated to grow at CAGR of almost 7% during the forecast period 2021-2023.
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About Massage Equipment Market:
Massagers can be electric or non-electric and are used in both the residential and commercial segments. Our massage equipment market analysis considers sales from massage chairs and sofas, back massagers, handheld massagers, neck and shoulder massagers, and others. Our analysis also considers the sales of massage equipment in APAC, Europe, North America, South America, and MEA. In 2018, the massage chairs and sofas segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as technological innovations and increasing spending on health and wellness products will play a significant role in the massage chairs and sofas segment to maintain its market position. Also, our global massage equipment market report also looks at factors such as the proliferation of technologically advanced massage equipment, growing wellness tourism industry, evolving middle-class population, and increasing disposable income. However, shift to traditional massage therapies, disadvantages of electric massage equipment, fluctuation in raw material prices may hamper the growth of the massage equipment industry over the forecast period.
Global Massage Equipment market is formulated with the help of industry experts, processing companies, and analytical service providers that address the value chain of the market. The Massage Equipment market report has been compiled through all the major resources and certifies significant statistics that are responsible to determine the future prospects of the Massage Equipment industry across the globe. The report utilizes secondary research to examine riskier details about the Massage Equipment market value structure, core pool of readers and different applications.
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Major Key Players of Global Massage Equipment Market:
- JSB Healthcare
- Kelvin Electric Trading Co. Ltd.
- OSIM International Pte. Ltd.
- Panasonic Corp.
- Prospera Corp.
- and Xiamen Comfort Science & Technology Group Co. Ltd.
Market Driver: proliferation of technologically advanced massage equipment
Market Trend: introduction of portable massage equipment
Market Challenge: disadvantages of electric massage equipment.
Proliferation of technologically advanced massage equipment
The intense competition in the global massage equipment market, coupled with the rapid expansion of technology, has revitalized the taste and preferences of buyers in such a way that many consumers prefer to purchase more technically updated equipment. Most of the product innovations in the global massage equipment market are related to technology, performance, features, and design. In additionAlso, customers seek equipment that can perform multiple tasks with minimal resources. One of the major vendors operating in the global massage equipment market, offers massage chair which is embedded with features, such as auto body scanning, heating, dual air pumps, stereo speakers, bluetooth Bluetooth connectivity, and a touch switch. This demand for technologically advanced massage equipment will lead to the expansion of the global massage equipment market at a CAGR of almost 7% during the forecast period.
Introduction of portable massage equipment
Portable massage equipment or handheld massage equipment has gained traction among different group of consumers. Handheld massage equipment offers an effective way of providing comfort to users by transmitting the right amount of pressure and vibrations to the muscles. Moreover, these types of massage equipment provide instant relief for pain in different parts of the body, such as neck pain, shoulder pain, and foot pain. The technological upgradation of handheld massage equipment coupled with greater awareness among people have played a vital role in further increasing the revenue from the portable massage equipment segment. This development is expected to have a positive impact on the overall market growth.
Impact of COVID-19:
- COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
- Covid-19 impact on the global market size, Massage Equipment industry share, consumer behavior, recovery & forecast analysis.
The Primary Objectives of Massage Equipment Market Report Are:
- Comprehensive Massage Equipment market intellect through detailed segmentation,
- Massage Equipment market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation and trends
- Detailed analysis of current dynamics and Massage Equipment market trends, key market players, and strategies in the industry,
- Detailed value chain analysis and review of Massage Equipment market growth factors essential for the existing players and new entrants,
- Provide emerging opportunities in the Massage Equipment industry and the future impact of major drivers and restraints of the Massage Equipment market and, Support decision makers in making cost-effective business decisions. Etc.
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The market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The report also focuses on global major leading industry players of Global Massage Equipment market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.
- North America
- South America
- The Middle East and Africa
The Massage Equipment market has been created based on an in-depth market analysis with inputs from industry experts. The report covers the growth prospects over the coming years and discussion of the key vendors.
Valuable Points from Massage Equipment Market Research Report 2020-2023:
- Significant changes in Market dynamics.
- Reporting and assessment of recent industry developments.
- A complete background analysis, which includes a valuation of the parental Massage Equipment Market.
- Current, Historical, and projected size of the Massage Equipment Market from the viewpoint of both value and volume.
- Massage Equipment Market segmentation according to Top Regions.
- Massage Equipment Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Massage Equipment Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the market.
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Massage Equipment Market 2021-2023 Report TOC Covers:
TOC of Massage Equipment Market Report
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
•2.3 Currency conversion rates for USD
PART 03: MARKET LANDSCAPE
•Market segmentation analysis
PART 04: MARKET SIZING
•Market sizing 2018
•Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
•Bargaining power of buyers
•Bargaining power of suppliers
•Threat of new entrants
•Threat of substitutes
•Threat of rivalry
PART 06: MARKET SEGMENTATION BY END-USER
•Market segmentation by end-user
•Comparison by end-user
•Commercial - Market size and forecast 2018-2023
•Residential - Market size and forecast 2018-2023
•Market opportunity by end-user
PART 07: MARKET SEGMENTATION BY TYPE
•Market segmentation by type
•Comparison by type
•Electric massage equipment - Market size and forecast 2018-2023
•Non-electric massage equipment - Market size and forecast 2018-2023
•Market opportunity by type
PART 08: MARKET SEGMENTATION BY PRODUCT
•Market segmentation by product
•Comparison by product
•Massage chairs and sofas - Market size and forecast 2018-2023
•Back massagers - Market size and forecast 2018-2023
•Handheld massagers - Market size and forecast 2018-2023
•Neck and shoulder massagers - Market size and forecast 2018-2023
•Others - Market size and forecast 2018-2023
•Market opportunity by product
PART 09: CUSTOMER LANDSCAPE
PART 10: GEOGRAPHIC LANDSCAPE
•North America - Market size and forecast 2018-2023
•Europe - Market size and forecast 2018-2023
•APAC - Market size and forecast 2018-2023
•South America - Market size and forecast 2018-2023
•MEA - Market size and forecast 2018-2023
•Key leading countries
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
•Introduction of portable massage equipment
•Expansion of e-commerce market
•Use of massage equipment to alleviate pain and stress
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
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