use of massage equipment to alleviate pain and stress is driving the Massage Equipment Market
Technavio analyzes that the Massage Equipment Market is expected to grow at a CAGR of 11.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 20864.6 million.There are various factors that contribute to the growth of the market.ai_driver_list_1
The global massage equipment market is experiencing significant growth due to technological advancements from key players and increasing consumer expenditure on health and wellness products. Notably, the demand for massage chairs and sofas has surged in both developed and developing countries. In particular, the rise in disposable income in emerging economies like India, South Korea, and China has resulted in a shift towards smart massage chairs, offering therapeutic experiences. South Korea, specifically, has seen a notable increase in demand, driven by long working hours exceeding 65 hours per week. This trend is expected to continue, fueling the expansion of the massage equipment market.
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Massage Equipment Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The massage equipment market encompasses a range of devices and tools designed to promote relaxation, improve wellbeing, and alleviate muscle tension and poor blood circulation. This market includes both electrical and nonelectrical massagers, each offering unique benefits. Electric massagers, such as electric massage machines and chairs, use electrical currents to stimulate muscles and promote relaxation. These devices offer the convenience of in-home use and can provide various types of massage, including medical-grade, professional, reflexology, hot stone therapy, and deep tissue massage. Heated stones used in hot stone therapy are another popular form of electrical massage equipment. Nonelectrical massagers include handheld tools like rollers and flat tables. These devices offer a more manual approach to massage and can be used for various types of massage, such as deep tissue and reflexology. Foot massagers are also a common type of nonelectrical massage equipment. The massage equipment market caters to both personal and professional use, with ecommerce platforms and thematic clinics offering a wide range of options. Hospitals and medical facilities also utilize massage equipment for therapeutic purposes. Overall, massage equipment plays a vital role in promoting health and wellbeing by reducing muscle tension, improving blood circulation, and providing a comfortable and relaxing experience.
According to Technavio, the global massage equipment market is a segment of the expansive leisure products industry. The leisure products market encompasses various sectors, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. The growth of the global leisure products market is anticipated to be fueled by the surge in health and fitness club memberships. Over the past decade, health and fitness club memberships have experienced significant growth, and this trend is expected to continue due to the burgeoning popularity of this sector. To attract consumers, these clubs are offering exclusive packages as yearly or monthly subscriptions with discounts.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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