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

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45532
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The luxury massage chair market share is expected to increase by USD 242.01 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.25%.

This luxury massage chair market 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 the luxury massage chair market segmentation by end-user (residential and commercial), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and MEA). The luxury massage chair market report also offers information on several market vendors, including AJX. Inc, Aojiahua Intelligent Health Technology Group Co. Ltd., Family Inada Co. Ltd., Johnson Health Tech Inc., JSB Health & Fitness Pvt. Ltd., Medical Breakthrough, OSIM International Pte. Ltd., OTA World LLC, Panasonic Corp., and Shanghai Rongtai Health Technology Co. Ltd. among others.

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

Luxury Massage Chair Market Size

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

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing work-related stress and the need for stress-relieving solutions is notably driving the luxury massage chair market growth, although factors such as impact of covid-19 pandemic 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. 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

The growing work-related stress and the need for stress-relieving solutions is one of the primary factors that will trigger the growth of the luxury massage chair market size. Several studies have found that the growing prevalence of health conditions such as obesity, high blood pressure, depression, poor circulation, and anxiety is attributable to work-related stress. Given the alarming rate of increase in such health conditions, people are becoming health-conscious and are actively looking for solutions and engaging in activities that provide effective relief from pain and stress. Consequently, there is a growing demand for health and fitness products such as luxury massage chairs due to the perceived health-promoting benefits associated with their use. Massage chairs stimulate blood circulation, relieve pain, allow the muscles to relax, and release good hormones such as endorphins and serotonin that promote relaxation and de-stress the mind. Also, the massage chairs also help to relax fatigued muscles, provide relief from nerve and muscle pain, and facilitate the loosening of tense muscles. The demand for such health and fitness products is likely to boost the global massage chair market revenue during the forecast period.

Key Luxury Massage Chair Market Trend

The growing popularity of the shiatsu massage model is one of the key luxury massage chair market trends. Shiatsu massage is a Japanese massage therapy, which incorporates massage techniques using fingers, thumbs, and palms for stretching, mobilization, and joint manipulation. It involves applying pressure to the affected areas of the body, leading to physical and mental well-being, treatment of diseases, and alleviation of discomfort. As the Shiatsu massaging technique is difficult to master by the individuals or the massage experts worldwide, several manufacturers are designing electric luxury massage chairs with the concept of the shiatsu massage model. Shiatsu electric massage chair model features six functionalities: rolling, compression, percussion, kneading, tapping, and flapping. Rolling involves applying pressure with fingers for an effective massaging effect, kneading reduces pain, compression and percussion improve flexibility, mobility, and posture of the legs, tapping and flapping reduce soreness, soften fatty deposits, and stimulate nerves and stressed muscles. Therefore, due to the growing popularity of the Shiatsu massage model, the growth of the massage chair market looks promising.

Key Luxury Massage Chair Market Challenge

The impact of the COVID-19 pandemic will be a major challenge for the luxury massage chair market during the forecast period. The global luxury massage chair market is a part of the commercial and professional services of the industrial sector. Most companies operating in this sector were impacted by deteriorating macroeconomic trends and a decline in government finances, leading to a tightened liquidity situation. This resulted in decreased order outlook, execution challenges, and a decline in the working capital for the commercial and professional services industry group. The healthcare sector has been impacted globally due to the imposition of lockdowns to contain the spread of COVID-19, which negatively impacted the demand for massage equipment, such as luxury massage chairs. The supply chain has been disrupted due to COVID-19. Therefore, the demand for massage equipment, such as luxury massage chairs, among the residential and commercial end-user segments declined.

This luxury massage chair market 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 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 during the forecast period.

Who are the Major Luxury Massage Chair Market Vendors?

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

 

  • AJX. Inc
  • Aojiahua Intelligent Health Technology Group Co. Ltd.
  • Family Inada Co. Ltd.
  • Johnson Health Tech Inc.
  • JSB Health & Fitness Pvt. Ltd.
  • Medical Breakthrough
  • OSIM International Pte. Ltd.
  • OTA World LLC
  • Panasonic Corp.
  • Shanghai Rongtai Health Technology Co. Ltd.

 

This statistical study of the luxury massage chair market encompasses successful business strategies deployed by the key vendors. The luxury massage chair market is fragmented and the vendors are deploying growth strategies such as focusing on online distribution channels, online marketing, and branding of their products to compete in the market.

Product Insights and News

  • AJX. Inc - The company offers luxury massage chairs with model numbers such as LM-6800 and LM-6800S.

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 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 Value Chain Analysis

Our report provides extensive information on the value chain analysis for the luxury massage chair market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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 value chain of the leisure products market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

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

Which are the Key Regions for Luxury Massage Chair Market?

Luxury Massage Chair Market Market segmentation by region

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37% of the market's growth will originate from Europe during the forecast period. Germany, the UK, and Italy are the key markets for luxury massage chairs in Europe. However, the market growth rate in Europe will be slower than the growth of the market in other regions.

The growing awareness of potential applications of massaging will facilitate the luxury massage chair market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

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

Luxury Massage Chair Market Segmentation

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The luxury massage chair market share growth by the residential segment will be significant during the forecast period. The growth of the global residential luxury massage chair market is primarily driven by the privacy offered by these chairs for therapies at home. A large number of individuals do not feel comfortable opting for massage sessions at massage parlors owing to safety reasons. Moreover, various individuals that require frequent or periodic massage therapies invest in a residential luxury massage chair that has multiple massages and stretching programs specific to certain massage treatments, such as zone therapy (reflexology) or 3D massage therapy.

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

 

Luxury Massage Chair Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.25%

Market growth 2021-2025

$ 242.01 million

Market structure

Fragmented

YoY growth (%)

2.35

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 37%

Key consumer countries

US, Germany, UK, China, Italy, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AJX. Inc, Aojiahua Intelligent Health Technology Group Co. Ltd., Family Inada Co. Ltd., Johnson Health Tech Inc., JSB Health & Fitness Pvt. Ltd., Medical Breakthrough, OSIM International Pte. Ltd., OTA World LLC, Panasonic Corp., and Shanghai Rongtai Health Technology Co. Ltd.

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?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive luxury massage chair market growth during the next five years
  • Precise estimation of the luxury massage chair market size 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 across Europe, North America, APAC, South America, and MEA
  • 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

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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: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global 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 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 30: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 31: Geographic comparison
    • 8.3 Europe - Market size and forecast 2020-2025
      • Exhibit 32: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 33: Europe - Year-over-year growth 2020-2025 (%)
    • 8.4 North America - Market size and forecast 2020-2025
      • Exhibit 34: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: North America - Year-over-year growth 2020-2025 (%)
    • 8.5 APAC - Market size and forecast 2020-2025
      • Exhibit 36: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 38: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 40: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 42: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 43: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 44: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 45: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 46: Landscape disruption
          • Exhibit 47: Industry risks

        11 Vendor Analysis

        • 11.1 Vendors covered
          • Exhibit 48: Vendors covered
        • 11.2 Market positioning of vendors
          • Exhibit 49: Market positioning of vendors
        • 11.3 AJX. Inc
          • Exhibit 50: AJX. Inc - Overview
          • Exhibit 51: AJX. Inc - Product and service
          • Exhibit 52: AJX. Inc - Key offerings
        • 11.4 Aojiahua Intelligent Health Technology Group Co. Ltd.
          • Exhibit 53: Aojiahua Intelligent Health Technology Group Co. Ltd. - Overview
          • Exhibit 54: Aojiahua Intelligent Health Technology Group Co. Ltd. - Product and service
          • Exhibit 55: Aojiahua Intelligent Health Technology Group Co. Ltd. - Key offerings
        • 11.5 Family Inada Co. Ltd.
          • Exhibit 56: Family Inada Co. Ltd. - Overview
          • Exhibit 57: Family Inada Co. Ltd. - Product and service
          • Exhibit 58: Family Inada Co. Ltd. - Key offerings
        • 11.6 Johnson Health Tech Inc.
          • Exhibit 59: Johnson Health Tech Inc. - Overview
          • Exhibit 60: Johnson Health Tech Inc. - Product and service
          • Exhibit 61: Johnson Health Tech Inc. - Key offerings
        • 11.7 JSB Health & Fitness Pvt. Ltd.
          • Exhibit 62: JSB Health & Fitness Pvt. Ltd. - Overview
          • Exhibit 63: JSB Health & Fitness Pvt. Ltd. - Product and service
          • Exhibit 64: JSB Health & Fitness Pvt. Ltd. - Key offerings
        • 11.8 Medical Breakthrough
          • Exhibit 65: Medical Breakthrough - Overview
          • Exhibit 66: Medical Breakthrough - Product and service
          • Exhibit 67: Medical Breakthrough - Key offerings
        • 11.9 OSIM International Pte. Ltd.
          • Exhibit 68: OSIM International Pte. Ltd. - Overview
          • Exhibit 69: OSIM International Pte. Ltd. - Product and service
          • Exhibit 70: OSIM International Pte. Ltd. - Key offerings
        • 11.10 OTA World LLC
          • Exhibit 71: OTA World LLC - Overview
          • Exhibit 72: OTA World LLC - Product and service
          • Exhibit 73: OTA World LLC - Key offerings
        • 11.11 Panasonic Corp.
          • Exhibit 74: Panasonic Corp. - Overview
          • Exhibit 75: Panasonic Corp. - Business segments
          • Exhibit 76: Panasonic Corp. - Key News
          • Exhibit 77: Panasonic Corp. - Key offerings
          • Exhibit 78: Panasonic Corp. - Segment focus
        • 11.12 Shanghai Rongtai Health Technology Co. Ltd.
          • Exhibit 79: Shanghai Rongtai Health Technology Co. Ltd. - Overview
          • Exhibit 80: Shanghai Rongtai Health Technology Co. Ltd. - Product and service
          • Exhibit 81: Shanghai Rongtai Health Technology Co. Ltd. - Key offerings

        12 Appendix

        • 12.1 Scope of the report
          • 12.2 Currency conversion rates for US$
            • Exhibit 82: Currency conversion rates for US$
          • 12.3 Research methodology
            • Exhibit 83: Research Methodology
            • Exhibit 84: Validation techniques employed for market sizing
            • Exhibit 85: Information sources
          • 12.4 List of abbreviations
            • Exhibit 86: 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
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          Global luxury massage chair market market growth will increase by $242.01 mn during 2021-2025.
          The global luxury massage chair market market is expected to grow at a CAGR of 3.25% during 2021-2025.
          Technavio has segmented the global luxury massage chair market market by end-user (Residential and Commercial) ,distribution channel (Offline and Online) , and market landscape (APAC, North America, Europe, MEA, and South America).
          AJX. Inc, Aojiahua Intelligent Health Technology Group Co. Ltd., Family Inada Co. Ltd., Johnson Health Tech Inc., JSB Health & Fitness Pvt. Ltd., Medical Breakthrough, OSIM International Pte. Ltd., OTA World LLC, Panasonic Corp., Shanghai Rongtai Health Technology Co. Ltd. are a few of the key vendors in the global luxury massage chair market market.
          Europe will register the highest growth rate of 37% among the other regions. Therefore, the global luxury massage chair market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the global luxury massage chair market market growth are:
          • Growing work-related stress and the need for stress-relieving solutions
          • Growing popularity of Shiatsu massage model
          The global luxury massage chair market 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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          • Data on revenue-generating market segments
          • Details on the market shares of various regions
          • Five-force market analysis

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