Massage Equipment Market Size Report 2020 to 2023- Rapidly Growing at CAGR of almost 7% - GuruFocus.com

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The Massage Equipment market is growing at an impressive rate; it gives the largest share of 5.9% in 2018, And register a growth of almost 7% during 2020 to 2023. Global Massage Equipment Market report researches about the key drivers which impacts market growth, opportunities, the challenges and the risks faced by key players and the market. Report also explores key emerging trends and their impact on current and future development.

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Massage Equipment Market Analysis: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.

The “Massage Equipment” report covers the important rules and regulationsabouttheMassage EquipmentSector globally. It provides an overview about the various criteria that the key industry players must fulfilin order toenter the market. It also discusses the current Massage Equipment market trendsby-producttypes, application, merger and acquisitions. The competition section provides data showing the Massage Equipment market share of the companies worldwide. Report also contains brief profile of the major players which incorporates their financials, business highlights as well as their operational performance.

Massage Equipment Market report gives complete analysis on Regions, product types and applications with its consumption growth rate.

Key Companies listed below:

• JSB Healthcare
• Kelvin Electric Trading Co. Ltd.
• OSIM International Pte. Ltd.
• Panasonic Corp.
• Prospera Corp.
• and Xiamen Comfort Science and Technology Group Co. Ltd.

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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.

Objective of the study:

• To analyse and forecast the Massage Equipment market size of global industry.
• To classify global Massage Equipment market forecast based on region, product, and application.
• Toidentifydrivers and challenges for global Massage Equipment market.
• Toexaminecompetitive developments such as expansions, mergers and acquisitions, etc., in global Massage Equipment market.
• To conduct pricing analysis for global Massage Equipment market.
• Toidentifyand analyse the profile of leading players operating in global Massage Equipment market.

“Massage Equipment market growth report provides regional analysis forecast (2020-2023) including following regions and country level analysis:APAC, Europe, MEA, North America, and South America”

No. of Pages: 150

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TOC of Massage Equipment Market Report

PART 01 : EXECUTIVE SUMMARY

PART 02 : SCOPE OF THE REPORT
•2.1 Preface
•2.2 Preface
•2.3 Currency conversion rates for US$

PART 03 : MARKET LANDSCAPE
•Market ecosystem
•Market characteristics
•Market segmentation analysis

PART 04 : MARKET SIZING
•Market definition
•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
•Market condition

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
•Geographic segmentation
•Geographic comparison
•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
•Market opportunity

PART 11 : DECISION FRAMEWORK

PART 12 : DRIVERS AND CHALLENGES
•Market drivers
•Market 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
•Overview
•Landscape disruption

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