Global Massage Equipment Market To Thrive At A CAGR Of 10.80% By 2032
Research Reports
Sep 26, 2023
Massage Equipment Industry Overview:
The study documents by MRFR state that the Massage Equipment Market Research Report Information by Type, Product, End User, Distribution Channel, and Region – Forecast Till 2032, the Massage Equipment market is predicted to expand substantially during the evaluation era from 2022 to 2032 at a sizable CAGR of closely 10.80%. The study documents suggest projections related to the global market’s mounting revenue data, which will likely attain a market of USD 18.8 Billion by the end of 2032.
Market Summary
The massage equipment market provides a variety of devices for therapeutic and relaxation purposes. From handheld massagers to electric massage chairs, these products focus on wellness, pain management, and target stress relief. The Massage Equipment market has recently advanced. The rising health consciousness is the main feature causing a rise in market performance. Furthermore, the demand for at-home relaxation solutions across the globe is also believed to be one of the vital parameters enhancing the growth of the global market.
Competitive Analysis
- Beurer, Panasonic Corporation
- HoMedics
- LG Electronics Inc.
- Zyllion
- OSIM International Pte. Ltd.
- Shenzhen Relcare Electronics
- MedMassager
- RoboTouch
- Physio
- Samsung Electronics Co., Ltd.
- LURACO Technologies Corporation
- JSB WELLNESS
- Medisana GmbH
- Omron Corporation
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Market Drivers
The Massage Equipment market has recently advanced. The rising health consciousness is the main feature causing a rise in market performance. Furthermore, the demand for at-home relaxation solutions across the globe is also believed to be one of the vital parameters enhancing the growth of the global market.
Market Restraints
On the contrary, various aspects may harm expanding the global market for Massage Equipment. One of the main restraints in advancing the market’s growth is the elevated prices allied with raw materials.
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Segment Analysis
The global massage equipment market has been segmented based on product, type, end user, region, and distribution channel.
Based on type, the market is segmented into electric and non-electric.
Based on product, the global massage equipment market has been segmented into leg & foot, head, back & body, neck & shoulder, and others.
Based on end users, the global massage equipment market has been segmented into residential and commercial.
Based on distribution channels, the global massage equipment market has been segmented into online sales channels, specialty stores, hypermarkets & supermarkets, and others.
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Regional Analysis
The study offers market data by region for North America, Asia-Pacific, Europe, and the Rest of the World.
The study documents by MRFR entail that The North American region ensured the prime position across the Massage Equipment market in 2022, with a maximum share of about 45.80%. The area is recognized for dynamic development contributors such as Mexico, Canada, and the U.S. The primary aspect boosting the development of the regional Massage Equipment market is the increasing concern about health among the locals and the lookout for methods to preserve their mental & physical welfare. Furthermore, the growing demand for tools for massage therapy as a means of stress relief and relaxation is also anticipated to have a positive impact on the growth of the regional market.
The European Region is estimated to hold the second position across the Massage Equipment market over the assessment era. The area is recognized for dynamic development contributors such as Germany, France, and the U.K. The primary aspect boosting the development of the regional Massage Equipment market is the high wellness tourism. Furthermore, the strong value placed on relaxation and wellness in this culture is also anticipated to impact the regional market’s growth positively.
The Asia-Pacific Region will grow at the maximum CAGR across the Massage Equipment market from 2023 to 2032. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The growing middle class in APAC countries is the primary aspect boosting the development of the regional Massage Equipment market.
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