This Massage Equipment report offers high-tech statistics and confirmable data insights about Massage Equipment market analysed according to current competitive situation and future projections.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The Report 2020 covers every detail about industry trends, drivers, and obstacles with respect to the “Massage Equipment Market”. Massage Equipment Market research identifies that the competition continues to intensify year-on-year with emerging applications and wide product portfolio. This report covers the 2019 scenario and growth prospects of the Massage Equipment market for 2019-2023. To calculate the market size, revenue from the market sales of Massage Equipment products to retailers, wholesalers, and institutional buyers is considered.
Massage Equipment market offers the largest share of 5.9% in 2018 and projected to grow at compound annual growth rate (CAGR) of almost 7% during forecast period 2019-2023.
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Massage Equipment Market Summary: 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.
Market Driver: proliferation of technologically advanced massage equipmentMarket Trend: introduction of portable massage equipmentMarket Challenge: disadvantages of electric massage equipment.Proliferation of technologically advanced massage equipmentThe 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 equipmentPortable 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.
The report disclosed theKey PlayersProfiles with data includes company details and competitors, Massage Equipment models and performance, business SWOT analysis and forecast, sales volume revenue price cost and gross margin:
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All regional government is encouraging investments in Massage Equipment market to promote effective strategies and vital source of economic development. Emphasis is given for practices, prescriptive recommendations, data-based strategies, and other precision applications. The report also includes the regional analysis of the Massage Equipment market, comprising of the market by value and spending per capita of the following regions:
APAC, Europe, MEA, North America, and South America
Massage Equipment Market Report studies the Industry Chain and Supply Chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth. Gives guidelines on development trends and Forecast.
Following key points gives overall report analysis:
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In the end, the Massage Equipment Market feasibility of new investment plan is evaluated, and wide Massage Equipment research conclusions are offered in the report. Massage Equipment Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Massage Equipment Industry.
TOC of Massage Equipment Market ReportPART 01: EXECUTIVE SUMMARYPART 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 analysisPART 04: MARKET SIZING•Market definition•Market sizing 2018•Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSIS•Bargaining power of buyers•Bargaining power of suppliers•Threat of new entrants•Threat of substitutes•Threat of rivalry•Market conditionPART 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-userPART 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 typePART 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 productPART 09: CUSTOMER LANDSCAPEPART 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 opportunityPART 11: DECISION FRAMEWORKPART 12: DRIVERS AND CHALLENGES•Market drivers•Market challengesPART 13: MARKET TRENDS•Introduction of portable massage equipment•Expansion of e-commerce market•Use of massage equipment to alleviate pain and stressPART 14: VENDOR LANDSCAPE•Overview•Landscape disruption
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