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Luxury Massage Chair Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Nov 2021
  • Pages: 150
  • 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 luxury massage chair market in US segmentations by end-user (residential and commercial) and distribution channel (offline and online). The luxury massage chair market in US report 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?

Luxury Massage Chair Market Size

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

 

Luxury Massage Chair Market in US: Key Drivers, Trends, and Challenges

The health benefits of massage chairs is notably driving the luxury massage chair market in US growth, although factors such as high average life of luxury massage chairs may impede 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 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 the luxury massage chair market growth in US is the health benefits of massage chairs. In the US, about three-fifths of the population is employed. Owing to such a large working population, 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. In the US, about two-fifth of the working population was suffering from work-related stress as of 2021. This work-related stress leads to about 0.12 million deaths each year. 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. This is expected to drive the luxury massage chair market in US during the forecast period.

Key Luxury Massage Chair Market Trend in US

Increased integration of AI in luxury massage chairs is the major trend influencing luxury massage chair market growth in US. Artificial intelligence (AI) is an important emerging technology in the global electronics industry. Several electronic equipment manufacturing companies are adopting AI technology to enrich their offerings and to sustain themselves in the highly competitive market. Similarly, vendors in the luxury massage chair market in US are also focusing on integrating AI technology in their offerings. For instance, in November 2019, Ogawa World USA LLC (Ogawa) launched its new massage chair, called Master Drive AI. The company spent around $30 million on the development of the Master Drive AI massage chair. The chair is integrated with the Ogawa-designed 4D L-track massage mechanism, which can adjust the massage intensity and apply heat therapy. Owing to this, several new AI-powered massage chairs are expected to be launched in the market during the forecast period.

Key Luxury Massage Chair Market Challenge in US

High average life of luxury massage chairs is one of the key challenges hindering the influencing luxury massage chair market growth in 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. Also, consumers usually incur minimal maintenance costs for these products over the years, which reduces the need for frequent purchases of luxury massage chairs, which hampers new sales and acts as a major growth deterrent for the market.

This luxury massage chair market in US analysis report 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.

Parent Market Analysis

Technavio categorizes the luxury massage chair market in US  as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the luxury massage chair market in US during the forecast period.

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 growth strategies such as focusing on the development of massage chairs with advanced features, such as AI-integrated massage chairs to compete in the market.

Product Insights and News

  • Beurer GmbH - The company offers a wide range of Luxury Massage Chairs such as Shiatsu massage chair MC 5000 HCT -deluxe, Shiatsu massage chair MC 3800 HCT -modern and many more.

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

Luxury Massage Chair Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the luxury massage chair market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

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

Luxury Massage Chair Market Market segmentation by region

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The luxury massage chair market share in US growth by the residential will be significant during the forecast period. The increasing number of high-net-worth individuals (HNWIs) is anticipated to increase the demand for luxury massage chairs during the forecast period.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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 and US

Performing market contribution

US at 100%

Key consumer countries

US and North America

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 forecast period

Customization purview

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

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

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Leisure Products

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: US - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: US market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 15: End-user - Market share 2020-2025 (%)
  • 5.2 Comparison by End-user
    • Exhibit 16: Comparison by End-user
  • 5.3 Residential - Market size and forecast 2020-2025
    • Exhibit 17: Residential - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Residential - Year-over-year growth 2020-2025 (%)
  • 5.4 Commercial - Market size and forecast 2020-2025
    • Exhibit 19: Commercial - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Commercial - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 21: Market opportunity by End-user

6 Market Segmentation by Distribution channel

  • 6.1 Market segments
    • Exhibit 22: Distribution channel - Market share 2020-2025 (%)
  • 6.2 Comparison by Distribution channel
    • Exhibit 23: Comparison by Distribution channel
  • 6.3 Offline - Market size and forecast 2020-2025
    • Exhibit 24: Offline - Market size and forecast 2020-2025 ($ million)
    • Exhibit 25: Offline - Year-over-year growth 2020-2025 (%)
  • 6.4 Online - Market size and forecast 2020-2025
    • Exhibit 26: Online - Market size and forecast 2020-2025 ($ million)
    • Exhibit 27: Online - Year-over-year growth 2020-2025 (%)
  • 6.5 Market opportunity by Distribution channel
    • Exhibit 28: Market opportunity by Distribution channel

7 Customer landscape

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 30: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Competitive scenario
  • 9.2 Vendor landscape
    • Exhibit 31: Vendor landscape
  • 9.3 Landscape disruption
    • Exhibit 32: Landscape disruption
    • Exhibit 33: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 34: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 35: Market positioning of vendors
  • 10.3 Beurer GmbH
    • Exhibit 36: Beurer GmbH - Overview
    • Exhibit 37: Beurer GmbH - Product and service
    • Exhibit 38: Beurer GmbH - Key offerings
  • 10.4 Casada International GmbH
    • Exhibit 39: Casada International GmbH - Overview
    • Exhibit 40: Casada International GmbH - Product and service
    • Exhibit 41: Casada International GmbH - Key offerings
  • 10.5 Daiwa Massage
    • Exhibit 42: Daiwa Massage - Overview
    • Exhibit 43: Daiwa Massage - Product and service
    • Exhibit 44: Daiwa Massage - Key offerings
  • 10.6 FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd.
    • Exhibit 45: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Overview
    • Exhibit 46: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Product and service
    • Exhibit 47: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Key offerings
  • 10.7 Human Touch LLC
    • Exhibit 48: Human Touch LLC - Overview
    • Exhibit 49: Human Touch LLC - Product and service
    • Exhibit 50: Human Touch LLC - Key offerings
  • 10.8 Infinity Massage Chairs
    • Exhibit 51: Infinity Massage Chairs - Overview
    • Exhibit 52: Infinity Massage Chairs - Product and service
    • Exhibit 53: Infinity Massage Chairs - Key offerings
  • 10.9 Ogawa World USA LLC
    • Exhibit 54: Ogawa World USA LLC - Overview
    • Exhibit 55: Ogawa World USA LLC - Product and service
    • Exhibit 56: Ogawa World USA LLC - Key offerings
  • 10.10 OTA World LLC
    • Exhibit 57: OTA World LLC - Overview
    • Exhibit 58: OTA World LLC - Product and service
    • Exhibit 59: OTA World LLC - Key offerings
  • 10.11 Panasonic Corp.
    • Exhibit 60: Panasonic Corp. - Overview
    • Exhibit 61: Panasonic Corp. - Business segments
    • Exhibit 62: Panasonic Corp. - Key offerings
    • Exhibit 63: Panasonic Corp. - Segment focus
  • 10.12 Zarifa Corp.
    • Exhibit 64: Zarifa Corp. - Overview
    • Exhibit 65: Zarifa Corp. - Product and service
    • Exhibit 66: Zarifa Corp. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 67: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 68: Research Methodology
    • Exhibit 69: Validation techniques employed for market sizing
    • Exhibit 70: Information sources
  • 11.4 List of abbreviations
    • Exhibit 71: 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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Luxury Massage Chair Market in US market growth will increase by $724.28 mn during 2021-2025.
The luxury massage chair market in us market is expected to grow at a CAGR of 5.42% during 2021-2025.
Technavio has segmented the luxury massage chair market in us market by end-user (residential and commercial) ,distribution channel (offline and online) , and geographic (US and US).
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 in us market.
US will register the highest growth rate of 100% among the other regions. Therefore, the luxury massage chair market in us 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 in us market growth are:
  • Health benefits of massage chairs
  • Increased integration of AI in luxury massage chairs
The luxury massage chair market in us market vendors should focus on grabbing business opportunities from the residential segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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