MASSAGE CHAIR MARKET REPORT OVERVIEW
- Request a Free sample to learn more about this report
The global massage chair Market size is anticipated to be worth USD 2941.80 million in 2021 and is projected to reach USD 5786.86 million by 2031, exhibiting a CAGR of 7.00% during the forecast period.
A massage chair is a chair that is designed for relaxing massages. Traditional massage chairs allow easy access to the shoulders, head, and back. The robotic massage chairs use electronic vibrators and motors to serve relaxing body massage. It is also relevant in business offices, conferences, trade shows, team events, and other corporate locations. therapists also offer a comfortable massage due to the portability of the massage chair. The chairs are primarily recliners and include deep relaxation, increasing metabolism, reducing blood pressure, and lowering the pulse rate.
The rapidly growing health consciousness among individuals is projected to drive market growth. Increasing demand for luxury massage chairs globally is expected to boost the market growth. Increasing awareness of various massage therapies and benefits for different types of pain and stress treatments is also estimated to fuel market growth. Increasing demand for aromatherapy to bust mental stress is predicted to boost the market growth. Additionally, a rising preference for personal care is anticipated to increase product demand during the forecast period.
COVID-19 Impact: Demand for Contactless Massages to Incite Market Growth
The rising concern about health consciousness among the population during the pandemic is expected to fuel market growth. During the pandemic spa and other massage therapy parlours were closed which boosted massage chair adoption. Moreover, social distancing laws encouraged the comfort of the massager with zero contact coupled with privacy. Also, increasing investments in health-related products during pandemic is projected to drive market growth. The spike in Compound annual growth rate (CAGR) is attributable to the massage chair market growth and demand returning to pre-pandemic levels once the pandemic is over.
On the contrary, COVID-19 pandemic affected the manufacturing activities of massage chair market. The market witnessed lack of raw materials due to closure of various operations.
"Growing Preference for Personal Care to Boost Market Growth "
large number of people globally have begun to adopt massage chair for relaxation. Rising preference for personal care is expected to propel market growth. The relaxing chair is receiving significant attention due to privacy and comfort it offers in one’s own homes. Growing busy lives and changes in the lifestyles are estimated to boost market growth. increasing number of an individuals focusing to reduce stress are expected to boost product adoption. Also, rising demand for body relaxation and increasing preference for self-care or self-pampering are projected to drive market growth during the forecast period.
MASSAGE CHAIR MARKET SEGMENTATION
- Request a Free sample to learn more about this report
- By Type
Based on type, the market is divided into full body massage chairs and upper body massage chairs.
Full body massage chairs are the leading part of segmentation type.
- By Application
Based on the application, the market is divided into residential and commercial.
Commercial is leading part of application segmentation.
"Increase in Health Consciousness to Develop Market Growth "
Rising consumer preference shift towards massage therapy due to various health benefits such as prevention of anxiety, depression, high blood pressure, and reduce poor blood circulation. increasing benefits of reducing physical and mental stress-buster is projected to drive market growth. Growing demand for acupressure, acupuncture, aromatherapy, and physiotherapy are expected to boost market growth during the forecast period. Growing demand from pregenant woman is projected to expand product demand. Massage chair market growth is attributed due to growing demand for a healthy lifestyle and fitness. Increasing number of health problems such as obesity, back pain, anxiety, and high blood pleasure are projected to drive massage chair market growth. High prevalence of work-related strees and hectic lifestyle of consumer is projected to accelerate market growth in coming years.
"Rising Disposable Incomes to Accelerate Market Growth "
Growing disposable income of individuals is one of the major factors driving market growth. Increasing penetration of the e-commerce industry, such as smartphones and internet is projected to boost product adoption. growing number of people adopted massage chairs over spa visits or massage therapies. Further, new products launched by market players coupled with innovative designs are expected to boost growth of the massage chair market during the forecast period. In addition, massage chair benefits such as remote control, bluetooth connectivity, massage pillow pad, and adjustable armrests and foot are expected to expand production adoption among consumers.
"Growing Demand From Hospitality Sector to Boost Market Growth "
Increasing need for such chairs in multiple luxury hotels, resorts, and malls are expected to boost market growth. Many malls have started massage parlors in the common area or basement or open places to attract customers. Further, increasing tourism activities is estimated to boost product demand. While walking in malls makes the visitors feel tired, they try the massage recliner to release their stress and relax themselves.
"High Costs and Alternatives to Restrict Market Growth "
High costs associated with the product and high manufacturing costs are expected to restrict massage chair market growth during the forecast period. Also, presence of various alternatives at variable prices may limit product demand.
MASSAGE CHAIR MARKET REGIONAL INSIGHTS
Request a Free sample to learn more about this report
"Increase in Working Professionals in North America to Drive Market Growth "
North America holds the largest part in the massage chair market share due to increasing number of working professionals and changing lifestyles are expected to increase market growth. Rising demand for body relaxation and rising preference for self-care or self-pampering is projected to drive market growth during the forecast period. Also, increasing demand for fitness and health is projected to drive market growth in the region.
Asia Pacific is expected to witness a considerable market growth due to increased stress levels and body pain amongst the population in countries such as India, Japan, and China.. Increase in the aging population in Japan is estimated to fuel market growth. Further, presence of market players is expected to boost market growth.
KEY INDUSTRY PLAYERS
Various Strategies Adopted by the Market Players to Stay CompetitiveThe report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Panasonic (Japan)
- Osaki (Japan)
- Family Inada (Japan)
- OSIM (India)
- Omega (Switzerland)
- Luraco (U.S.)
- Infinity (U.S.)
- Ogawa (China)
- Daito-THRIVE (Japan)
- BODYFRIEND (U.S.)
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Market Size Value In
US$ 2941.8 Million in 2021
Market Size Value By
US$ 5786.86 Million by 2031
CAGR of 7% from 2021 to 2031
Historical Data Available
Type, Application & Region
Frequently Asked Questions ON Massage Chair Market
What value is the massage chair market expected to touch by 2031?
The global massage chair market is expected to reach USD 5786.86 million by 2031.
What CAGR is the massage chair market expected to exhibit by 2031?
The massage chair market is expected to exhibit a CAGR of 7.0% by 2031.
Which are the driving factors of the massage chair market?
Drivers of this massage chair market are increase in health consciousness and rising disposable incomes.
Which are the top companies operating in the massage chair market
Panasonic, Osaki, Family Inada, OSIM, Omega, Luraco, Infinity, Ogawa, Daito-THRIVE, and BODYFRIEND are the top companies operating in the massage chair market.