Electric Massagers Industry Growth: Key Factors Driving Expansion Through 2030
Electric Massagers Market Overview
By 2030, the electric massagers market is expected to have grown from its 2023 valuation of USD 8.56 billion to USD 13.92 billion at a compound annual growth rate (CAGR) of 7.18%.
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Electric Massagers Market Report Scope and Research Methodology
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Electric Massagers market. The report is an in-depth analysis of the Electric Massagers market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Electric Massagers market. The bottom-up approach was used to understand the Electric Massagers market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Electric Massagers market.
The Electric Massagers Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Electric Massagers industry.
Electric Massagers Market Regional Insights
Regional analysis is conducted to assess the status of the Electric Massagers market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Electric Massagers market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
Electric Massagers Market Segmentation :
by Product
Vibrating Massagers
Manual Massagers
Impulse Massagers
Shiatsu Massagers
by Power
Cordless Electric Neck and Shoulder Massagers
Corded Electric Neck and Shoulder Massagers
In terms of power, cordless electric massagers are anticipated to expand at a strong CAGR of 11% during the projection period. Cordless devices are more convenient and can be used practically anywhere because they don't need a power source to function. The market is anticipated to expand during the projected period as a result of firms concentrating on product expansions and improvements in response to the growing demand for cordless massager equipment.
by End Use
Spas & Massage Parlours
Households
Physiotherapy Clinics
Private Hospital
Private hospitals, household physiotherapy clinics, and spas and massage parlors make up the market segments. An estimated 30% of end customers are anticipated to frequent spas and massage parlors. This is because, especially in developing countries, there is a growing demand for professional massage therapists and a rise in upscale spas and massage parlors that offer therapeutic approaches to pain management.
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Electric Massagers Market Key Players :
1. Panasonic Corporation (Japan)
2. MedMassager (United States)
3. Joicom Corporation (United States)
4. Human Touch (United States)
5. Shenzhen Relcare Electronics (China)
6. LURACO Technologies Corporation (United States)
7. Dr. Physio (India)
8. Omron Corporation (Japan)
9. Medisana GmbH (Germany)
10. JSB Health & Fitness Pvt. Ltd. (India)
11. HoMedics (United States)
12. Family Inada Co. Ltd. (Japan)
13. Wenzhou Huifan Technology Co. Ltd. (China)
14. Propera Corp. (Israel)
15. OSIM International (Singapore)
16. Nekteck (United States)
17. LURACO Technologies Corporation (United States)
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Key questions answered in the Electric Massagers Market are:
- What is Electric Massagers ?
- What was the Electric Massagers market size in 2023?
- What is the growth rate of the Electric Massagers Market?
- Which are the factors expected to drive the Electric Massagers market growth?
- What are the different segments of the Electric Massagers Market?
- What growth strategies are the players considering to increase their presence in Electric Massagers ?
- What are the upcoming industry applications and trends for the Electric Massagers Market?
- What segments are covered in the Electric Massagers Market?
- Who are the leading companies and what are their portfolios in Electric Massagers Market?
- What segments are covered in the Electric Massagers Market?
- Who are the key players in the Electric Massagers market?
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Key Offerings:
- Market Size, Share, Size & Forecast by Different Segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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