Luxury Massage Chair Market is anticipated to reach around USD 60.26 million by the end of 2027 – Credence Research

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Luxury Massage Chair Market is anticipated to reach around USD 60.26 million by the end of 2027 – Credence Research

December 16
22:36 2021
Luxury Massage Chair Market is anticipated to reach around USD 60.26 million by the end of 2027 - Credence Research
Global Luxury Massage Chair market was valued at around USD 30.18 million in 2020 and likely to grow at a CAGR of over 2.20% during 2021 and 2027 to reach USD 60.26 million by the end of 2027.

The Global Luxury Massage Chair Market generated revenue of around USD 30.1 million in 2020 and is anticipated to grow at a CAGR of over 2.20% during the forecast period from 2021 to 2027 to reach around USD 60.26 million in 2027. While, cumulative growth opportunity presented by the global Luxury Massage Chair is around USD 402 million during 2021 to 2027.

Global Luxury Massage Chair Market, 2020 – 2027 (USD Million)

Browse the full report at   https://www.credenceresearch.com/report/luxury-massage-chair-market

Multiple Health Benefits offered by the Luxury Massage Chair

Luxury Massage Chairs are growing in popularity across the world. Increasing work related stress and ever increasing prices of availing massage in spas and massage parlors around the world are among some of the leading factors driving the demand for Luxury Massage Chairs. Owning a Luxury Massage Chair can save a whole lot of money for the end-users. Additionally, taking regular massage has been proved to be very beneficial in improving blood circulation, increase immunity response, relieving stress and recovery of muscles. Moreover, end-users can have massage at any point of time with having a very own Luxury Massage Chair.

Commercial Segment to Lead the Luxury Massage Chair

Residential and Commercial are two major end-users for Luxury Massage Chair. Commercial segment held over 55% share in 2020. While, residential end-users are likely to increase at rapid pace over the forecast period. Major factor behind increasing popularity of Luxury Massage Chair among residential users is unavailability of spa and massage centers near home or high price for human massage services.

Europe is Largest Market for Luxury Massage Chair

Growing work related stress, increasing geriatric population, higher purchasing power parity and high level of physical and mental health awareness among end-users has been remained the major growth driving factors for Luxury Massage Chair in Europe. UK, Italy, France, Germany and Russia has been remained major countries fueling demand for Luxury Massage Chair in the region.

Offline Distribution Channel to Reign

Online and Offline are major distribution channels for the Luxury Massage Chair industry. Although online distribution is growing in adoption among end-users, the offline distribution to remain dominant over the forecast period and it is expected to hold over 70% share in the total revenue generation till 2027.

Innovative Offering and Cost Optimization

OTA World LLC, JSB Health & Fitness Pvt. Ltd., Medical Breakthrough LLC, Panasonic Corp., Shanghai Rongtai Health Technology Co. Ltd., Family Inada Co. Ltd., Johnson Health Tech Inc., AJX. Inc., Aojiahua Intelligent Health Technology Group Co. Ltd. and OSIM International Pte. Ltd. are leading Luxury Massage Chair manufacturers. Key players are focusing on offering most innovative solutions to end-users for most reasonable cost.

Market Segmentation

Global Luxury Massage Chair Market by Type, 2015 – 2027

  • Residential
  • Commercial

Global Luxury Massage Chair Market by Distribution Channel, 2015 – 2027

  • Online
  • Offline

Global Luxury Massage Chair Market by Company, 2015 – 2027

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

Browse the full report at   https://www.credenceresearch.com/report/luxury-massage-chair-market

Blog: Target Market Size

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Company Name: Credence Research
Contact Person: Chris Smith
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Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/report/luxury-massage-chair-market

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