Global Luxury Massage Chair Market 2016-2020

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Jun 16, 2016, 04:31 ET

NEW YORK, June 16, 2016 /PRNewswire/ --

About Luxury Massage Chair Market

Luxury massage chair market, one of the segments in the luxury furniture market, has been growing steadily over the years. It has high penetration in developed economies in North America and Europe. There has been increasing demand from countries such as China, Japan, South Korea, Singapore, and Australia due to its increased affordability.
The majority of the world population has become increasingly stressed both physically and mentally due to several reasons. The massage therapy along with other complimentary therapies such as acupressure, acupuncture, aromatherapy, and physiotherapy are becoming an integrated part of the solution in reducing the physical and mental stress. The World Health Organization (WHO) predicts that by 2020 mental health issues, including stress, will become the second leading cause of disabilities. This will not only lead to a severe strain on healthcare services but also on economies across the globe due to less productivity, lost work days, and workplace accidents. As a result, individuals are opting for massage therapy to remain stress-free and fit.

Technavio's analysts forecast the global luxury massage chair market to grow at a CAGR of 5.92% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global luxury massage chair market for 2015-2020. To calculate the market size, the report considers the revenue generated from the sale of luxury massage chairs provided by the companies worldwide.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

Technavio's report, Global Luxury Massage Chair Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Family Inada
- Fujiiryoki
- Osaki Massage Chair
- Panasonic

Other prominent vendors
- Cozzia USA
- Fujita Massage Chair
- Infinite Creative Enterprises
- Johnson Health Tech
- LURACO Technologies
- Osim International

Market driver
- Increased health benefits
- For a full, detailed list, view our report

Market challenge
- Issues related to space and weight
- For a full, detailed list, view our report

Market trend
- Growing use of omnichannel shopping and distribution
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Read the full report: http://www.reportlinker.com/p03829256-summary/view-report.html

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