"Overview of Massage Equipment market"
The Massage Equipment Market Is Forecasted To Reach At US$ 10.7 Bn by 2027, Growing At A CAGR Of 6.3 % during the Forecast Period
The global Massage Equipment market has shown significant growth and is anticipated to grow at a significant pace in coming years. Some of the factors fuelling the growth if global market includes rising number of commercial spaces including hypermarkets, supermarkets, and shopping malls, occurrences of targeted physical deficiency, and product innovation.
Rising Stress Level and Increasing Awareness Regarding Benefits of Massage Equipment Is Fuelling the Market Growth
The rising stress level leads to several health issues which necessitated the use of artificial relaxation services that can be provided by massage equipment. According to Mental Health Foundation in U.K, more than 70 % of global population experienced high level of menta stress in 2018. Similarly, according to American Psychological Association, the rate of population caused physical difficulties caused by mental stress is more than 75 % in America. The physical symptoms include dizziness, fatigue, teeth grinding, headache, muscle tension, and upset stomach. Occurrences of these cases highly promotes the adoption of massage equipment across the globe. Moreover, the rising awareness regarding utilizing massage equipment is anticipated to fuel the growth of global market during the forecast period.
Based on Product Type, Massage Chair and Sofas Accounted for Significant Share in Global Market
On the basis of product type, massage chair and sofas accounted for significant market share and estimated to lead the global market throughout the forecast period. The growth of the segment can be accredited to wide range of applications such as offices, railway station, shopping malls, and residences. These products help in reducing several health issues including dopamine, insulin intake, heart rate, blood pressure, and cortisol level which results in complete relax and reduced stress level. Moreover, use of massage chairs stimulates the secretion of dopamine, melatonin, and serotonin. These are natural relaxers that offers relief from all type of stress include short term, chronic, acute, and habitual which results in a sound sleep. These all factors are anticipated to fuel the segment growth.
Handheld massage equipment is projected to witness significant growth during the forecast period. This is mainly dur to the advanced properties such as light in weight, portable, and easy to use. Also, the end-user can control the intensity depending upon the muscle’s sensitivity which makes it more preferable.
Commercial Application Segment Led the Global Massage Equipment Market Share in 2018
Based on application, the global massage equipment market is led by commercial segment. The segment is anticipated to dominate the global market throughout the forecast period. The massage equipment market has registered major adoption from several public places including airports and railways. Moreover, in parlours and spas the massage equipment has become major trend to win over customers by providing class apart services.
The home appliance segment is projected to grow at a rapid pace during the forecast period. The electric massage equipment is gaining momentum owing to the benefits associated with it. These massagers help in relieving chronic pains, improving skin texture, and relaxing muscles. Also, consumers are keen on purchasing their own devices for capillaries, cervical, shiatsu, cellulite, facials, back, and feet.
North America to Dominate the Global Massage Equipment Market during the Forecast Period
By geography, North America is anticipated to be the maximum share holder throughout the forecast period. High penetration among sports enthusiastic in Canada and U.S. is the major factor for the growth of massage equipment market in North America. Moreover, the growing number of business travels and rising tourism industry are expected to promote inauguration of new hotels and restaurants which leads to increasing demand for massage equipment to improve the customer experience.
Furthermore, Asia Pacific is projected to witness lucrative growth over the forecast period. The growth of the region can be credited to rising number of body spas coupled with significant availability of fashion stylists across Asia Pacific. Moreover, rising awareness regarding importance of body fitness is expected to favour the regional growth.
Some of the major players operating in global market include Prospera, OSIM International Ltd., RoboTouch, JSB Healthcare, Casada International, and Panasonic.
Global Massage Equipment Market by product Type
- Neck & Shoulder
- Chairs & Sofas
- Back Massagers
Global Massage Equipment Market by Application
Global Massage Equipment Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America