Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Massage Equipment Market size is expected to reach $11.4 billion by 2028, rising at a market growth of 8.9% CAGR during the forecast period.
The Specialty Store segment is showcasing a CAGR of 9.3% during (2022 - 2028). It is because proprietors of specialty stores are very knowledgeable about the goods they sell, they usually charge more for them, and they also give consumers greater service and expert advice. Specialty stores are frequently retail establishments that concentrate on specific product categories. Small quantities of goods are sold in retail establishments for immediate consumption rather than for future resale.
The Electric segment acquired maximum revenue share in the Global Massage Equipment Market by Type in 2021 thereby, achieving a market value of $7.4 billion by 2028. It is because Consumers' changing lifestyles are driving the demand for these items since fewer people, whether they are young, old, or both, engage in physical activity daily, which leads to tension, anxiety, and occasionally muscle pain, and other issues.
The Residential segment has shown the growth rate of 10.7% during (2022 - 2028). Home massage equipment relaxes muscles by stimulating the skin's sensory cells, which prevents them from constricting in the first place. By boosting blood flow to the injured area, they can also help muscle repair by preventing discomfort. As a warm-up or cool-down, massaging the muscles can help get them ready for exercise and get rid of the lactic acid build-up that causes pain.
The Leg & Foot Massagers segment is generating highest revenue share the Global Massage Equipment Market by Product in 2021 thereby, achieving a market value of $3.6 billion by 2028. Sore, worn-out muscles can be soothed with a leg massage. Depending on how much pressure the user exerts, the advantages change. It could be more soothing to apply gentle pressure. The muscles feel less tense and painful when under strong pressure. The purpose of today's electric foot and calf massagers is to provide a relaxing massage.
The North America market dominated the Global Massage Equipment Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.1 billion by 2028.The Asia Pacific market is exhibiting a CAGR of 9.5% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 8.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Panasonic Corporation, OSIM International Pte. Ltd., JSB Healthcare, Bossman Brands, Inc., Prospera, Beurer GmbH, Xiamen Comfort Science & Technology Group Co., Ltd., Casada International GmbH, and RoboTouch.
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