888-776-0942 from 8 AM - 10 PM ET
NEW YORK , March 29, 2022 /PRNewswire/ -- According to the report "Massage Equipment Market by Product, End-user, Type, and Geography - Forecast and Analysis 2020-2024", the market witnessed a YOY growth of 1.75% in 2020 and a CAGR of almost 3% during the forecast period. The report is segmented by product (massage chairs and sofas, back massagers, handheld massagers, neck and shoulder massagers, and others), end-user (commercial and residential), type (electric massage equipment and non-electric massage equipment), and geography (North America , Europe , APAC, South America , and MEA).
Find more insights related to the market and obtain growth opportunities. Read our FREE Sample Report
The report covers the following areas:
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:
Find additional highlights on the growth strategies adopted by vendors and their product offerings. Read Free Sample Report.
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.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. View Our Report Snapshot
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.
View FREE Sample: to know key points on various market segments and their impact in coming years.
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.
Download free sample for highlights on market Drivers & Challenges impacting the massage equipment market.
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Outdoor Gym Equipment Market by Application and Geography - Forecast and Analysis 2022-2026
Swimming Gear Market by Product, Distribution Channel, End-user, and Geography - Forecast and Analysis 2022-2026
Accelerate at a CAGR of almost 3%
APAC, Europe, North America, South America, and MEA
US, Germany, China, France, Japan
Leading companies, Competitive strategies, Consumer engagement scope
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.
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
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us: 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.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET