Electric Massage Sofa Chair Market Size, Share, Growth, and Industry Analysis, By Type (2D Massage Chair and 3D & 4D Massage Chair), By Application (Household and Commercial) and Regional Forecast to 2032

Electric Massage Sofa Chair Market MARKET REPORT OVERVIEW

The global Electric Massage Sofa Chair Market size was USD 33.26 billion in 2024 and the market is projected to touch USD 50.50 billion by 2032, exhibiting a CAGR of 7.20% during the forecast period.

It provide the user with a lot of features that make this particular product service work efficiently and effectively. A massage chair is an upholstered armchair used for therapeutic massages of the head, neck, shoulders, hands, arms, and back. These chairs have recliners built in to give the user a place to rest, and their vibrating mechanism helps to release tension from the muscles. This factor has augmented the electric massage sofa chair market  growth.

The anticipated rate of growth for this particular product service is due to quality level of assurance. Prosperity has been observed for this particular product market with amusing numbers. The market is expected to develop as a result of people's fast rising health consciousness. Globally rising demand for opulent massage chairs is anticipated to fuel market expansion. The market is anticipated to develop as more people become aware of the benefits of massage therapy and its varied applications in treating pain and stress. It is anticipated that growing demand for aromatherapy to reduce mental tension will accelerate market expansion. This has ultimately outraged the sales and demand for this particular market growth and prosperity.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

This has affected the overall supply and demand chains of the particular market. The market for disposable dental packs has been greatly impacted by the COVID-19 pandemic. The manufacturing of massage chairs was impacted by the COVID-19 outbreak. Because some enterprises were closing, the market had a shortage of raw materials. As a result of the government's lockdown and other steps to stop the coronavirus from spreading, all supply activities were postponed, which decreased the amount of injuries related to services industry. Therefore, a small influence from COVID-19 is anticipated on the electric massage sofa chair share.

LATEST TRENDS

"Changing Lifestyles  to Drive Market Growth"

A latest trend has been witnessed to proliferate the market growth. Using eco-friendly materials is one of the newest trends in the disposable dentistry pack market. The use of massage chairs for relaxation has become popular throughout the world. Market expansion is anticipated to be driven by consumers' growing inclination for personal care. The comfort and solitude that the chair provides in one's own home have made it a popular choice for relaxation. An increase in market growth is predicted to come from changing lifestyles and increasingly busy lives. Increased product uptake is anticipated as more people concentrate on lowering their stress levels. A lot of changes and advancements were made to this particular product which also helped its growth. This specific trend has influenced the market growth so much so that the revenue and share numbers of this particular product is touching the skies and soaring over.

MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into 2D Massage Chair and 3D & 4D Massage Chair amongst which the leading segment is the 2D Massage Chair.

• 2D Massage Chair: It is nothing but a type of chair  with the 2D Massage Chair.
• 3D & 4D Massage Chair: It is basically a type of chair with the 3D & 4D Massage Chair.

By Application

Based on application the global market can be categorized into Household and Commercial amongst which the leading segment is the Household.

• Household: It is just an application where it is used by households.
• Commercial: It is nothing but an application where it is used by commercial.

DRIVING FACTORS

"Healthcare Sector to Boost the Market"

This is the major factor attributing the growth of this particular market. The research and development activities have been augmented due to which the demand for this particular prodcut has been proportionally increased which has resulted in the proliferation of the revenue and share numbers as well. The growing demand for these chairs at a number of upscale resorts, hotels, and shopping centers is anticipated to accelerate market expansion. In an effort to draw customers, several malls have opened massage parlors in their common areas, basements, or outside. It is also predicted that a rise in tourism activities will increase product demand. Visitors to malls experience fatigue from strolling, so to decompress and unwind, they try the massage chairs. These factors are anticipated to drive the market growth during the forecast period.

"Health Consciousness to Expand the Market"

This is the second major factor attributing the growth of this particular  market and has resulted in the hike of revenue numbers so much so that they are touching the skies. Clients benefit from it. Due to several health advantages, including the reduction of poor blood circulation, the avoidance of anxiety, depression, and high blood pressure, there is a growing shift in consumer preference toward massage therapy. Market expansion is anticipated to be driven by growing advantages of lowering physical and mental stress-buster. Over the course of the projected period, rising demand for physiotherapy, aromatherapy, acupuncture, and acupressure is anticipated to propel market expansion. These factors are anticipated to drive the market growth in the present times and also during the forecast period.

RESTRAINING FACTOR

"High Cost and to Impede Market Growth"

These particular solutions have been very helpful yet extremely costly as well. It has been witnessed that this particular market has experienced immense trouble in the supply chains which has resulted in the restrain for this market growth. During the projected period, high production and product costs are anticipated to limit the growth of the massage chair market. The availability of different alternatives at different price points may also reduce the demand for a product. Market expansion may be impeded by specific restraint reasons. This particular factor is anticipated to restrain the market growth and drastically reduce the sales and demands of this particular product market. 

REGIONAL INSIGHTS

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America  Dominating the Market due to Advanced Technology"

North America is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period. Because of the rising number of working professionals and shifting lifestyles, North America currently owns the greatest market share for massage chairs. Throughout the forecast period, growing preferences for self-care or self-pampering and growing demand for body relaxation are expected to fuel market expansion.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive"

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Panasonic (Japan)
• Osaki (Japan)
• Human Touch (U.S.)
• OSIM (Singapore)
• Family Inada (Japan)

INDUSTRIAL DEVELOPMENT

March 2024: This particular company has attributed the market growth in terms of revenue and shares system. Chief Transformation Officer (CTRO) and head of Panasonic Corporation's CVC office Kunio Gohara stated that the company "is committed to investing ₹450 crore to support start-ups across India, Japan, and Europe" regarding Panasonic Corporation's Panasonic Kurashi Visionary Fund (PKVF) initiative. This development has proved that the company will continue to proliferate this particular product market growth.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.