Zero Gravity Massage Chair Market Report Overview
The global Zero Gravity Massage Chair Market size was USD 1298.6 million in 2022. As per our research, the market is expected to reach USD 2632.6 million by 2028, exhibiting a CAGR of 12.5% during the forecast period.
The COVID-19 pandemic has been unprecedented and staggering, with the zero gravity massage chair market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The head, neck, shoulders, hands, arms, and back are all massaged in a massage chair, which is an upholstered armchair. Recliners are built into massage chairs to provide the user a respite. The vibrating mechanism utilised in massage chairs is intended to relieve muscle stress. The installation of new and sophisticated massage chairs includes extra amenities like remote controls, music systems, massage pillow pads, adjustable foot and armrests, and many more. Numerous advantages of massage chairs include reduction of acid reflux, improvement of metabolism, and relaxation.
This expansion can be ascribed to rising disposable income, rising demand for luxury and relaxation massage chairs, and greater public knowledge of the advantages of massage chairs. The non-gravity massage chair market has been divided into segments based on type, application, and geography in this analysis. Modern and cutting-edge massage chairs offer a machine-assisted massage experience. A sort of massage chair with numerous capabilities, including body scanning, heating pads, vibrators, etc., is a non-gravity massage chair. The user can completely unwind with this unique technique in the comfort of their home or workplace.
COVID-19 Impact:
"COVID-19 outbreak reduced manufacturing hence impedes market growth"
Due to the pandemic's impact and the closing of borders, manufacturers are most negatively impacted because raw materials are unavailable on the global market. The industry will experience a significant uptick as a result of people's increased health consciousness, which is anticipated to encourage consumers to spend more on health-related goods. The demand for the service or product has either slowed down or increased as a result of the post COVID-19 impact. This study gives actionable market insights on the influence of post-COVID-19 on each category as well as an accurate projection of the contribution of each segment to the expansion of the luxury massage chair market size in the US.
Latest Trends
"Increasing e-commerce industry penetration leading market expansion"
Due to the rising use of the internet, cellphones, and e-commerce across the globe, which boosts sales of the luxury massage chair, the e-commerce sector is anticipated to have considerable growth during the forecast period. Additionally, a variety of features and alluring discounts offered by luxury massage chair retailers on e-commerce platforms, including free shipping, easy exchange and returns, price comparisons, and home delivery, will open up a wealth of opportunities for the industry's expansion in the coming years. The market for zero gravity massage chairs is being driven by several important factors, such as growing knowledge of the therapeutic effects of massage and massage techniques, the variety of uses for zero gravity massage chairs, and the rise in illnesses brought on by stress on the body and mind. The market for zero gravity massage chairs is also being driven by reasons like consumers switching from medicine to massage and rising manufacturing of new, cutting-edge items.
Zero Gravity Massage Chair Market Segmentation
- By Type Analysis
According to type, the market can be segmented into SRP $3000-$5000, SRP $5001-$9000, Others. SRP $3000-$5000 is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into Residential, Commercial. Residential will be the dominating segment.
Driving Factors
"Customers are increasingly favouring massage therapy which will drive the market growth"
The market for luxury massage chairs is anticipated to grow as a result of rising consumer preference for massage therapy and its numerous health benefits, including improved blood circulation, reduced cancer symptoms, high blood pressure prevention, and reduced anxiety and depression symptoms. The rising prevalence of work-related stress and hectic consumer behaviour are the main reasons propelling expansion of the worldwide massage chair market, which has further led to growing need for soothing and stress-relieving solutions. Demand for these goods is being sparked by growing public knowledge of the therapeutic benefits of massage chairs for pain and stress alleviation. Growing consumer interest in massage therapies that offer specialised ancillary services like aromatherapy, acupressure, and physical therapy will further help this industry expand. The demand for massage chairs to stimulate blood flow, reduce pain, relax muscles, and release hormones like endorphins and serotonin has also surged as a result of consumers' growing health concerns.
"Increased demand from malls and luxury hotels will drive the market growth"
There has been a significant increase in the demand for massage chairs from luxury hotels as tourists and other visitors to the area who are tired have a high demand for massages, which has increased the demand for massage chairs. Many luxury hotels and resorts are now providing massage chairs in rooms and common areas that guests can use for a fee or that are part of the overall package. In order to draw new consumers to try massage chairs for the first time, many malls have opened massage parlors in the open areas or basements of their buildings.
Restraining Factors
"Size and weight of premium massage chairs can limit market expansion"
The premium massage chair's excessive weight has hindered the market's expansion. The biggest issue for the market for luxury massage chairs is that occasionally people can't fit in the chair because of its tiny size or because of their weight. This increased the demand for personalised massage chairs because it was difficult for manufacturers and people to make them. The high cost of these chairs for individual purchasers and the market's constant innovation are factors restraining zero gravity massage chair market growth.
Zero Gravity Massage Chair Market Regional Insights
"North America region dominates the market during forecast period "
According to estimates, North America dominates the global zero gravity massage chair market share. Because of their high rates of technology adoption, growing levels of disposable money, and accessibility to cutting-edge equipment like Non-gravity Massage chairs, the US and Canada are the region's two biggest suppliers.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Panasonic (Japan)
- Osaki (Japan)
- Family Inada (Japan)
- Fujiiryoki (Japan)
- Human Touch (U.S.)
- OSIM (Singapore)
- Ogawa (China)
- OTO Bodycare (U.K.)
- Rotal (France)
- iRest (China)
- BODYFRIEND (South Korea)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1298.6 Million in 2022 |
Market Size Value By |
US$ 2632.6 Million by 2028 |
Growth Rate |
CAGR of 12.5% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Applications |
Frequently Asked Questions
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What value is the Zero Gravity Massage Chair Market expected to touch by 2028?
Based on our research the Zero Gravity Massage Chair Market is expected to reach 2632.6 million USD in 2028.
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What CAGR is the Zero Gravity Massage Chair Market expected to exhibit by 2028?
The Zero Gravity Massage Chair Market is expected to exhibit a CAGR of 12.5 % by 2028.
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Which are the driving factors of the Zero Gravity Massage Chair Market?
The main factors driving this industry's expansion are the rising purchasing power and affordability of consumers in several nations around the world. As a result, there will be a greater desire on developing nations to reach their full potential.
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Which are the top companies operating in the Zero Gravity Massage Chair Market?
The top key players in the Zero Gravity Massage Chair Market are Panasonic, Osaki, Family Inada, Fujiiryoki, Human Touch, OSIM, Ogawa, OTO Bodycare, Rotal, iRest, BODYFRIEND.