A luxury massage chair is basically used for body massage by commercial and residential users as per their requirement to relieve body pain, physical or mental stress, and health and fitness-related issues. There are mainly two types of luxury massage chairs available in the market, such as traditional and robotic massage chairs. Massage chair witnessed a substantial increase in sales among individual buyers over the recent past, of which premium products segment buyer account to hold leading share and a new segment by the name luxury massage chair surfaced in the global luxury personal care products market.
MARKET DYNAMICS
The luxury massage chair market has witnessed significant growth owing to factors such as growing awareness about various massage therapies that are beneficial for all types of pain and stress treatment among individuals. In addition to that, increasing consumer preference shifts towards massage therapy due to various health benefits associated with luxury massage chairs such as prevention of anxiety, poor blood circulation, high blood pressure, reduced symptoms of cancer, and depression are some key factors fueling the growth of the target market. However, fluctuating prices of raw materiaL used in manufacturing these chairs may impact on the growth of the luxury massage chair market. Nevertheless, with the steady growth in the consumer goods sector and plastic industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Luxury Massage Chair Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the luxury massage chair market with detailed market segmentation by nature, form, end-user, distribution channel, and geography. The global luxury massage chair market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading luxury massage chair market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global luxury massage chair market is segmented on the basis of nature, type, end-user, and distribution channel. Based on nature, global luxury massage chair is segmented into traditional and robotic. On the basis of type, the luxury massage chair market is segmented into full body massage chair, upper body massage chair, and lower body massage chair. The luxury massage chair market on the basis of the end-user is classified into residential and commercial. On the basis of distribution channel, global luxury massage chair market is bifurcated into wholesaler, retailer, specialty stores, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global luxury massage chair market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The luxury massage chair market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the luxury massage chair market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the luxury massage chair market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global luxury massage chair market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from luxury massage chair market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury massage chair in the global market. Below mentioned is the list of few companies engaged in the luxury massage chair market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury massage chair market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cozzia USA
- Family Inada Co, Ltd
- Fujiiryoki
- Johnson Health Tech Co, Ltd.
- Osaki Massage Chairs
- Osim International Ltd
- Panasonic Corporation
- RoboTouch
- Spansure Medical Instruments Pvt Ltd
- Vissco Rehabilitation Aids Pvt. Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.