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Luxury Massage Chair Market in US by End-user and Distribution Channel - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45531
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The luxury massage chair market share in US is expected to increase by USD 724.28 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.42%.

This luxury massage chair market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (residential and commercial) and distribution channel (offline and online). The luxury massage chair market report in the US also offers information on several market vendors, including Beurer GmbH, Casada International GmbH, Daiwa Massage, FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd., Human Touch LLC, Infinity Massage Chairs, Ogawa World USA LLC, OTA World LLC, Panasonic Corp., and Zarifa Corp. among others.

What will the Luxury Massage Chair Market Size in US be During the Forecast Period?

Download the Free Report Sample to Unlock the Luxury Massage Chair Market Size in US for the Forecast Period and Other Important Statistics

 

Luxury Massage Chair Market in US: Key Drivers and Challenges

The health benefits of massage chairs are notably driving the luxury massage chair market growth in the US, although factors such as the high average life of luxury massage chairs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the luxury massage chair industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Luxury Massage Chair Market Driver in US

One of the key factors driving growth in the luxury massage chair market in the US is the health benefits of massage chairs. In the US, about three-fifths of the population is employed and the prevalence of work stress-related health conditions, such as obesity, anxiety, depression, high blood pressure, and poor blood circulation, has witnessed a significant increase. Considering this catastrophic effect of work-related stress, a large part of the working population across the US is becoming health conscious and adopting solutions that help in reducing stress and its physiological symptoms, such as body pain. Consequently, the demand for luxury massage chairs is witnessing a considerable rise across the US. Luxury massage chairs offer a variety of health benefits, such as enhanced breathing, skincare benefits, improvement of posture for individuals with desk jobs, help in combating the side-effects of cancer/cancer treatment, and improvement in the digestive system.

Key Luxury Massage Chair Market Challenge in US

The high average life of luxury massage chairs will be a major challenge for the luxury massage chair market in the US. The lifecycle of most luxury massage chairs is high, due to which they do not require frequent replacement. Consumers purchase luxury massage chairs only if and when required or to replace old luxury massage chairs. The replacement cycle of these products is low, as they are generally high-quality products, which can endure long-term use. Consumers usually incur minimal maintenance costs for these products over the years. This reduces the need for frequent purchases of luxury massage chairs, which, in turn, will hamper new sales and act as a major growth deterrent for the market.

This luxury massage chair market analysis report of the US also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Luxury Massage Chair Market Vendors in US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Beurer GmbH
  • Casada International GmbH
  • Daiwa Massage
  • FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd.
  • Human Touch LLC
  • Infinity Massage Chairs
  • Ogawa World USA LLC
  • OTA World LLC
  • Panasonic Corp.
  • Zarifa Corp.

 

This statistical study of the luxury massage chair market in US encompasses successful business strategies deployed by the key vendors. The luxury massage chair market in US is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The luxury massage chair market forecast report of US offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating End-user Segments in the Luxury Massage Chair Market in US?

To gain further insights on the market contribution of various segments Request for a FREE sample

The residential segment of the luxury massage chair market in the US is anticipated to witness significant growth, owing to the increasing geriatric population. People who belong to the elderly population benefit significantly through massage therapy, as it helps in alleviating their aches and pains. The increasing number of high-net-worth individuals (HNWIs) is also anticipated to increase the market demand for luxury massage chairs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the luxury massage chair market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Luxury Massage Chair Market Scope in US

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.42%

Market growth 2021-2025

$ 724.28 million

Market structure

Fragmented

YoY growth (%)

7.07

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Beurer GmbH, Casada International GmbH, Daiwa Massage, FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd., Human Touch LLC, Infinity Massage Chairs, Ogawa World USA LLC, OTA World LLC, Panasonic Corp., and Zarifa Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Luxury Massage Chair Market Report of US?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive luxury massage chair market growth in the US during the next five years
  • Precise estimation of the luxury massage chair market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the luxury massage chair market vendors in US

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Beurer GmbH
    • Casada International GmbH
    • Daiwa Massage
    • FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd.
    • Human Touch LLC
    • Infinity Massage Chairs
    • Ogawa World USA LLC
    • OTA World LLC
    • Panasonic Corp.
    • Zarifa Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The luxury massage chair market growth will increase by $724.28 million during 2020-2025.
    The luxury massage chair market is expected to grow at a CAGR of 5.42% during 2020-2025.
    Technavio has segmented the luxury massage chair market by end user (Residential and Commercial) and geographic (US, Online, North America, and Europe).
    Beurer GmbH, Casada International GmbH, Daiwa Massage, FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd., Human Touch LLC, Infinity Massage Chairs, Ogawa World USA LLC, OTA World LLC, Panasonic Corp., Zarifa Corp. are a few of the key vendors in the luxury massage chair market.
    US will register the highest growth rate of 100.00% among the other regions. Therefore, the luxury massage chair market in US is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the luxury massage chair market growth are:
    • Health benefits of massage chairs
    The luxury massage chair market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
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