Luxury Massage Chair Market By Distribution Channel, End-user and Geography - Forecast And Analysis 2023-2027

Published: Jul 2023 Pages: 157 SKU: IRTNTR45532

Luxury Massage Chair Market Size & Analysis

The luxury massage chair market size is estimated to grow at a CAGR of 3.41% between 2022 and 2027. The market size is forecast to increase by USD 287.2 million.

Growing work-related stress and need for stress-relieving solutions is the key factor driving the growth of the market. Several studies have shown that the increasing prevalence of health problems such as obesity, high blood pressure, depression, poor circulation, and anxiety are caused by work-related stress. Therefore, due to the awareness of the health benefits associated with the use of massage chairs, there is a growing demand for health and fitness products such as luxury massage chairs. The massage chair stimulates blood circulation, relieves pain, relaxes muscles, and releases good hormones like endorphins and serotonin that help to relax and reduce stress in the mind. In addition, massage chairs also help relax tired muscles, relieve nerve and muscle pain, and help to loosen tight muscles. The demand for these health and fitness products is expected to drive the growth of the market during the forecast period. 

Luxury Massage Chair Market Dynamic

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Trends- The growing popularity of the Shiatsu massage model is the primary trend in the market.

Shiatsu massage is a Japanese massage therapy that combines massage techniques using the fingers, thumbs and palms to stretch, move, and mobilize joints. It involves putting pressure on the affected areas of the body, leading to physical and mental health, treatment of disease, and relief from discomfort. Moreover, as the Shiatsu massage technique is difficult for individuals or masseurs all over the world, some manufacturers are designing luxury electric massage chairs with the Shiatsu massage model in mind. Shiatsu electric massage chair model has six features such as rolling, compressing, knocking, kneading, knocking, and pounding. Hence, these trends will drive the growth of the market.

Challenges - Low penetration in emerging economies is a challenge that affects the growth of the market. 

Penetration of high-end massage chairs is low in South America, Africa, and other APAC countries (except Japan). Currently, a large number of households in the US use luxury massage chairs, but penetration rates are still low in developing countries, such as Brazil and Nigeria. This is mainly due to a lack of awareness, affordability, and reluctance to use these products.  Furthermore, the growth of the market, especially in developing countries, is affected by the lack of adequate infrastructure. Although very beneficial, the use of these products is hindered by lack of skilled and trained manpower, inadequate facilities, accessibility, lack of investor-friendly policies Investment, bureaucratic barriers, and lack of international recognition lead to low adoption rates. Hence, these factors will hinder the growth of the market.

Luxury Massage Chair Market Segmentation 

By Distribution Channel 

The market share growth by the offline segment will be significant during the forecast period. Luxury massage chairs are largely sold through offline distribution channels, including various retail formats such as specialty stores, dealers, hypermarkets, supermarkets, brand-owned retail stores, and department stores. To drive sales through offline channels, market players direct their sales through local retailers. They also increase sales by implementing different marketing strategies

The offline segment was valued at USD 1,241.54 million in 2017.

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Prominent market players are selling their products through specialized stores as it is a convenient retail channel for end-users and sellers. Manufacturers depend on these retail outlets and plan budgets for marketing, advertising, and promotion activities to create product and brand visibility among customers. Sales of luxury massage chairs are expected to increase at these stores as the stores display a wide range of luxury massage chairs that vary in price from minimum to maximum, touch features, product categories, and products from several brands. Hence, these factors will drive the growth of the segment during the forecast period.

The continued popularity of smartphones and the Internet accounts for the growing preference for online shopping. Omnichannel retail is another growing trend among those selling high-end luxury massage chairs to generate high revenue. The popularity of online shopping has helped to expand the reach of luxury massage chair manufacturers without the need for physical stores. Furthermore, market players are expanding their distribution networks by partnering with third-party e-retailers to increase their online sales and expand their geographical presence. The move to online retail means huge opportunities for existing suppliers. E-commerce platforms not only allow customers to compare and gather information on luxury massage chairs from different brands but also provide a forum for them to provide valuable product feedback through reviews and ratings. Hence, such benefits of this segment will grow the market during the forecast period.

By End-User

The global luxury residential massage chair market is surging due to the privacy they offer for home therapies. Safety concerns have led people to prefer these chairs over public massage parlors. Brands like Relaxonchair's MK-II Plus are leading the way with advanced features like L-Track massage, automatic programs, targeted massages, and easy controls. This trend is expected to drive market growth significantly.

The commercial luxury massage chair market serves offices, hotels, clinics, malls, and airports. It generates substantial revenue due to high product prices. Companies aiming to enhance employee satisfaction and productivity fuel demand. Players like Medical Breakthrough LLC provide physician-recommended products, such as luxury chairs for clinics. These factors will propel market growth.

Regional Analysis

APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Another region showing market growth is Europe. The main revenue contributors in the luxury massage chair market in Europe are Germany, France, the UK, Italy, Spain, and Russia.

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Additionally, several commercial properties in Europe are installing luxury massage chairs on their premises to attract more customers and provide a better experience. Moreover, the increasing preference of customers for online retailing is the latest trend in the massage chair market in European countries due to the enhanced penetration of the internet and smartphones. Manufacturers and retailers have started selling a full range of massage chair products through their online portals. Therefore, such factors are expected to drive the growth of the market in the region during the forecast period. 

In 2020, COVID-19 negatively affected the growth of the regional luxury massage chair market. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown restrictions, which led to the resumption of supply chain activities. Moreover, consumers in the region prefer using massage chairs to promote emotional stability along with physical well-being. Therefore, due to the high preference for wellness, the market will grow in the region during the forecast period.

Who are the Major Luxury Massage Chair Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Casada International GmbH: The company offers luxury massage chairs such as Casada Medissa, Casada DreamWave, and Casada Medissa 2.0.
  • Key Offering-  Daiwa Massage: The company offers luxury massage chairs such as Daiwa M-5500, Daiwa M-4500, and Daiwa M-3500
  • Key Offering- Family Inada Co. Ltd.: The company offers luxury massage chairs such as Inada DreamWave M.8, Inada Soni, and Inada Zen.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • body fit Pvt. ltd.
  • Casada International GmbH
  • Daiwa Massage
  • Dr.Care International Inc.
  • Family Inada Co. Ltd.
  • FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd.
  • Human Touch LLC
  • Infinite Creative Enterprises Inc.
  • iRobo Wellness Pvt. Ltd.
  • Johnson Health Tech Co. Ltd.
  • JSB Wellness
  • Medical Breakthrough
  • Ogawa World USA LLC
  • Online and Ltd.
  • OTA World LLC
  • Panasonic Holdings Corp.
  • Shanghai Rongtai Health Technology Co. Ltd.
  • V3 Group Ltd.
  • Vitalizer International AG
  • Zarifa Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

 

Luxury Massage Chair Market Scope

Report Coverage

Details

Page number

157

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 3.41%

Market growth 2023-2027

USD 287.2 million

Market structure

Fragmented

YoY growth 2022-2023(%)

2.92

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, China, Germany, UK, and Italy

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

body fit Pvt. ltd., Casada International GmbH, Daiwa Massage, Dr.Care International Inc., Family Inada Co. Ltd., FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd., Human Touch LLC, Infinite Creative Enterprises Inc., iRobo Wellness Pvt. Ltd., Johnson Health Tech Co. Ltd., JSB Wellness, Medical Breakthrough, Ogawa World USA LLC, Online and Ltd., OTA World LLC, Panasonic Holdings Corp., Shanghai Rongtai Health Technology Co. Ltd., V3 Group Ltd., Vitalizer International AG, 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

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global luxury massage chair market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global luxury massage chair market 2017 - 2021 ($ million)
    • 4.2 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)
    • 4.3 End user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.4 Online - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)
      • Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Residential - Market size and forecast 2022-2027
      • Exhibit 48: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 50: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 51: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 56: Market opportunity by End-user ($ million)
      • Exhibit 57: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Italy - Market size and forecast 2022-2027
      • Exhibit 99: Chart on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on Italy - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on Italy - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ million)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Casada International GmbH
              • Exhibit 111: Casada International GmbH - Overview
              • Exhibit 112: Casada International GmbH - Product / Service
              • Exhibit 113: Casada International GmbH - Key offerings
            • 12.4 Daiwa Massage
              • Exhibit 114: Daiwa Massage - Overview
              • Exhibit 115: Daiwa Massage - Product / Service
              • Exhibit 116: Daiwa Massage - Key offerings
            • 12.5 Dr.Care International Inc.
              • Exhibit 117: Dr.Care International Inc. - Overview
              • Exhibit 118: Dr.Care International Inc. - Product / Service
              • Exhibit 119: Dr.Care International Inc. - Key offerings
            • 12.6 Family Inada Co. Ltd.
              • Exhibit 120: Family Inada Co. Ltd. - Overview
              • Exhibit 121: Family Inada Co. Ltd. - Product / Service
              • Exhibit 122: Family Inada Co. Ltd. - Key offerings
            • 12.7 FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd.
              • Exhibit 123: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Overview
              • Exhibit 124: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Product / Service
              • Exhibit 125: FUJI MEDICAL INSTRUMENTS Mfg. Co. Ltd. - Key offerings
            • 12.8 Human Touch LLC
              • Exhibit 126: Human Touch LLC - Overview
              • Exhibit 127: Human Touch LLC - Product / Service
              • Exhibit 128: Human Touch LLC - Key offerings
            • 12.9 Infinite Creative Enterprises Inc.
              • Exhibit 129: Infinite Creative Enterprises Inc. - Overview
              • Exhibit 130: Infinite Creative Enterprises Inc. - Product / Service
              • Exhibit 131: Infinite Creative Enterprises Inc. - Key offerings
            • 12.10 Johnson Health Tech Co. Ltd.
              • Exhibit 132: Johnson Health Tech Co. Ltd. - Overview
              • Exhibit 133: Johnson Health Tech Co. Ltd. - Product / Service
              • Exhibit 134: Johnson Health Tech Co. Ltd. - Key offerings
            • 12.11 JSB Wellness
              • Exhibit 135: JSB Wellness - Overview
              • Exhibit 136: JSB Wellness - Product / Service
              • Exhibit 137: JSB Wellness - Key offerings
            • 12.12 Medical Breakthrough
              • Exhibit 138: Medical Breakthrough - Overview
              • Exhibit 139: Medical Breakthrough - Product / Service
              • Exhibit 140: Medical Breakthrough - Key offerings
            • 12.13 Ogawa World USA LLC
              • Exhibit 141: Ogawa World USA LLC - Overview
              • Exhibit 142: Ogawa World USA LLC - Product / Service
              • Exhibit 143: Ogawa World USA LLC - Key offerings
            • 12.14 OTA World LLC
              • Exhibit 144: OTA World LLC - Overview
              • Exhibit 145: OTA World LLC - Product / Service
              • Exhibit 146: OTA World LLC - Key offerings
            • 12.15 Panasonic Holdings Corp.
              • Exhibit 147: Panasonic Holdings Corp. - Overview
              • Exhibit 148: Panasonic Holdings Corp. - Business segments
              • Exhibit 149: Panasonic Holdings Corp. - Key news
              • Exhibit 150: Panasonic Holdings Corp. - Key offerings
              • Exhibit 151: Panasonic Holdings Corp. - Segment focus
            • 12.16 Shanghai Rongtai Health Technology Co. Ltd.
              • Exhibit 152: Shanghai Rongtai Health Technology Co. Ltd. - Overview
              • Exhibit 153: Shanghai Rongtai Health Technology Co. Ltd. - Product / Service
              • Exhibit 154: Shanghai Rongtai Health Technology Co. Ltd. - Key offerings
            • 12.17 V3 Group Ltd.
              • Exhibit 155: V3 Group Ltd. - Overview
              • Exhibit 156: V3 Group Ltd. - Product / Service
              • Exhibit 157: V3 Group Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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