NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
luxury massage chair market size is estimated to grow by
USD 281.4 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 3.26% during the forecast period. Growing
work-related stress and need for stress-relieving solutions is
driving market growth, with a trend towards growing popularity of
shiatsu massage model. However, increasing raw materials prices and
complexity in supply chain operations poses a challenge. Key market
players include body fit Pvt. Ltd., Casada International GmbH,
Daiwa Massage, Dr.Care International Inc., Family Inada Co. Ltd.,
FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd., Human Touch LLC, Infinite
Creative Enterprises Inc., iRobo Wellness Pvt. Ltd., Johnson Health
Tech Co. Ltd., JSB Wellness, Medical Breakthrough, Ogawa World
USA LLC, Online and Ltd., OTA
World LLC, Panasonic Holdings Corp., Shanghai Rongtai Health
Technology Co. Ltd., V3 Group Ltd., Vitalizer International AG, and
Zarifa Corp..
![Technavio has announced its latest market research report titled Global luxury massage chair market 2024-2028 Technavio has announced its latest market research report titled Global luxury massage chair market 2024-2028](https://mma.prnewswire.com/media/2447476/Technavio_Global_luxury_massage_chair_market_2024_2028.jpg)
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Luxury Massage Chair
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.26%
|
Market growth
2024-2028
|
USD 281.4
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.02
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 36%
|
Key
countries
|
US, Germany, UK, China,
and Italy
|
Key companies
profiled
|
body fit Pvt. Ltd.,
Casada International GmbH, Daiwa Massage, Dr.Care International
Inc., Family Inada Co. Ltd., FUJI MEDICAL INSTRUMENTS Mfg. Co.
Ltd., Human Touch LLC, Infinite Creative Enterprises Inc., iRobo
Wellness Pvt. Ltd., Johnson Health Tech Co. Ltd., JSB Wellness,
Medical Breakthrough, Ogawa World USA LLC, Online and Ltd., OTA
World LLC, Panasonic Holdings Corp., Shanghai Rongtai Health
Technology Co. Ltd., V3 Group Ltd., Vitalizer International AG, and
Zarifa Corp.
|
Market Driver
The Shiatsu massage chair market is experiencing significant
growth due to the increasing popularity of Shiatsu massage
techniques. These techniques, which originated in Japan, involve applying pressure to specific
areas of the body using fingers, thumbs, and palms. While there is
no scientific evidence proving Shiatsu can cure or prevent
diseases, its benefits for stress management and overall health
enhancement are widely recognized. Given the difficulty of
mastering Shiatsu massage techniques, electric massage chairs with
Shiatsu functionality have emerged as a viable solution. These
chairs offer six features: rolling, compression, percussion,
kneading, tapping, and flapping, each designed to provide various
massage benefits. As a result, the Shiatsu massage chair market is
poised for continued expansion.
The luxury massage chair market is experiencing significant
growth, with various brands and models offering advanced features.
These include heat therapy, air compression, and reclining
functions. The use of technology, such as Bluetooth connectivity
and app control, is also becoming popular. Additionally,
customizable massage programs and adjustable settings cater to
individual preferences. Comfort and relaxation are key priorities,
with many chairs featuring plush upholstery and ergonomic designs.
The market is expected to continue growing due to increasing
consumer demand for at-home wellness solutions.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global luxury massage chair market faces challenges from
fluctuating raw material costs, particularly for timber, wood
particleboard, textiles, plastics, and steel. These materials'
prices have risen significantly due to deforestation, oil and
natural gas costs, and production capacity downsizing. Complex
back-end operations, including raw material acquisition, warehouse
management, and distribution, add to the market's complexity. High
transportation costs and varying regulations in different regions
further impact vendors' profits, potentially limiting market
growth.
- The luxury massage chair market faces several challenges.
Commencement of production involves high costs due to the use of
advanced technology and high-quality materials like chromiculite
and airbags. Massage chairs require complex mechanisms for rollers
and airbags to provide an authentic massage experience.
Additionally, the industry faces competition from other wellness
products and services, such as spas and acupuncture. Consumers have
varying preferences, necessitating customization and innovation to
cater to diverse needs. Furthermore, the increasing trend of remote
work and sedentary lifestyles has led to a surge in demand for
massage chairs, adding to the market's complexity. Lastly, ensuring
regulatory compliance and maintaining product quality are ongoing
challenges for market players.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This luxury massage chair market report extensively covers
market segmentation by
- Distribution Channel
- End-user
- 2.1 Residential
- 2.2 Commercial
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Offline- The luxury massage chair market
primarily relies on offline distribution channels, including
specialty stores, dealers, hypermarkets, supermarkets, brand-owned
retail stores, and department stores. Specialty stores generate the
highest revenue due to their exclusive focus on health and fitness
equipment and higher product prices. Department stores, with
individual departments and brand segregation, offer greater
visibility and customer service, contributing to market growth.
Hypermarkets and supermarkets, with delivery policies, attract
customers and sustain sales. Vendors use alliances and marketing
strategies to drive offline sales.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
In the luxury massage chair market, consumers seek relief from
chronic diseases such as diabetes, hypertension, and orthopedic
conditions. These individuals often turn to online communities for
information and professional services. The market encompasses
various segments, including fitness equipment and service
providers. Luxury massage chairs offer functional beverages and
food, often infused with dietary supplements, to enhance the
overall experience. Cardiovascular training and strength training
equipment are integrated into these chairs, catering to individuals
with sedentary lifestyles and those seeking cardiovascular and
lifestyle disease prevention. BMC (BioMed Central) research
highlights the benefits of massage chairs for managing stress and
improving overall well-being. The market includes consultation
services, ensuring customers receive accurate information about the
products. Deceptive marketing prices and equipment costs are
concerns for potential buyers, emphasizing the importance of
transparency. Fitness centers, such as Fitness World, Life Fitness,
and Powermax Fitness, offer luxury massage chairs as part of their
amenities. Surgical equipment manufacturers also produce massage
chairs for therapeutic purposes. The Canadian population, with its
growing focus on health and wellness, contributes significantly to
the market's growth.
Market Research Overview
The Luxury Massage Chair market is a growing industry that
caters to consumers seeking relaxation and rejuvenation. These
advanced chairs offer various features such as rollers, airbags,
heat therapy, and more. They are designed to provide a comfortable
and soothing experience, reducing stress and muscle tension. The
market for these chairs is driven by increasing disposable income,
a growing awareness of health and wellness, and the availability of
advanced technology. The chairs are available in various styles and
designs, with some offering additional features like Bluetooth
connectivity and app control. The market is expected to continue
growing due to the increasing demand for home-based wellness
solutions and the continuous innovation in massage chair
technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- End-user
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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