Luxury Massage Chair Market size to grow by USD 242.01 million from 2020 to 2025|Evolving Opportunities with AJX. Inc & Johnson Health Tech Inc |Technavio
NEW YORK, May 27, 2022 /PRNewswire/ -- The luxury massage chair market size is set to grow by USD 242.01 millionfrom 2020 to 2025 at a CAGR of 3.25% according to the latest market report by Technavio. 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.
The competitive scenario provided in the Luxury Massage Chair Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Luxury Massage Chair Market Forecast Report - Buy Now!
Global luxury massage chair market 2021-2025: Scope
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. 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. are some of the major market participants.
AJX. Inc - The company offers luxury massage chairs with model numbers such as LM-6800 and LM-6800S.
The growing work-related stress and the need for stress-relieving solutions, the rise in the number of massage parlors and physiotherapy clinics, and the proliferation of technologically advanced massage chairs will offer immense growth opportunities. However, factors such as the impact of the covid-19 pandemic may impede market growth.
Global luxury massage chair market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist global luxury massage chair market growth during the next five years
Estimation of the global luxury massage chair market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the global luxury massage chair market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of global luxury massage chair market vendors
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Global 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
USD 242.01 million
Market structure
Fragmented
YoY growth (%)
2.35
Performing market contribution
Europe at 37%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
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 future consumer dynamics, market condition analysis for the 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.
Table of Content
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 84: Validation techniques employed for market sizing
Exhibit 85: Information sources
12.4 List of abbreviations
Exhibit 86: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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