Malaysia massage chair market is
expected to grow at a significant rate during the forecast period. Busy
lifestyle of adults and millennials is contributing to raise serious health
concerns such as back pains or stiffness in muscles due to prolong sitting at
the same place for a longer time. Massage chair aids in relaxing the muscles
and provides healing to previous injuries and other pain affecting the body
adversely. Work culture of offices and commercials spaces is leading customers
to opt for relaxation centers such as massage and spa treatments, but due to
less amount of time available for leisure activities several people for opting
for robotic massage chairs which takes lower time as compared to traditional
massage chairs and requires no travelling to massage treatment centers. Ease of
convenience is fueling the market demand for massage chairs in Malaysia. Full
massage treatment can lead to curing of several diseases if used at a regular
basis thereby aiding the demand of massage chairs. Also, health condition of
consumers is degrading at a rapid pace due to increase in blood pressure and
the rise in cases of obesity owing to unhealthy eating habits and sedentary
lifestyle. Rising affordability for ownership of massage chairs in addition for
growing preference for personal massage chair to avoid the hassles of visiting
massage parlors and spa treatments and privacy concerns is propelling the
market for massage chairs in Malaysia. Technological innovations and
upgradation of existing technology to enhance the performance of massage chairs
and to add more comfort and luxury to massage chairs is attributing to
accelerate the Malaysia massage chair market.
Malaysia massage chair market is
segmented into product
type, player type, sales channel, source, purpose, end use, region, and company.
Based on sales channel, market is further categorized into direct sales,
channel sales and E-commerce. E-commerce segment is expected to hold major
market share for the projected period, 2023-2027. Increase in penetration of
E-commerce industry and rising awareness about online transactions is
bolstering the E-commerce sale of massage chairs in Malaysia.
The major players operating in the
Malaysia massage chair market are Osim (M) SDN BHD, Healthy
World Lifestyle SDN. BHD. (Ogawa Malaysia), SnowFit Malaysia, GINTELL (M) Sdn
Bhd, Healthy Space Sdn Bhd (Zero-Beyond Wellness), ITSU World Sdn Bhd, Miuvo Massagers,
and others. Major companies are developing advanced technologies and launching
new services to stay competitive in the market. Other competitive strategies
include mergers & acquisitions and new service developments.
Objective of the Study:
- To analyze the historical growth of the market
size of Malaysia massage chair market from 2017 to 2020.
- To estimate and forecast the market size of Malaysia
massage chair market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Malaysia massage
chair market based on product type, player type, sales channel, source,
purpose, end use, region, and company.
- To identify dominant region or segment in the Malaysia
massage chair.
- To identify drivers and challenges for Malaysia
massage chair.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Malaysia
massage chair.
- To identify and analyze the profile of leading
players operating in Malaysia massage chair.
- To identify key sustainable strategies adopted
by market players in Malaysia massage chair market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of Malaysia massage chair market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Massage chair manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to massage chair market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Years
|
2017 – 2020
|
|
Estimated Year
|
2022E
|
|
Forecast Period
|
2023F – 2027F
|
|
Quantitative Units
|
Revenue in USD Million, Volume in Units and CAGR for 2017-2021
and 2022E-2027F
|
|
Report Coverage
|
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
|
|
Segments Covered
|
·
Product Type
·
Player Type
·
Sales Channel
·
Source
·
Purpose
·
End Use
|
|
Region Scope
|
East Coast Region, Southern Region, Northern Region, East
Region, Central Region
|
|
Key Companies Profiled
|
Osim (M) SDN BHD, Healthy World Lifestyle SDN. BHD. (Ogawa
Malaysia), SnowFit Malaysia, GINTELL (M) Sdn Bhd, Healthy Space Sdn Bhd
(Zero-Beyond Wellness), ITSU World Sdn Bhd, Miuvo Massagers
|
|
Customization Scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, Malaysia massage
chair market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Malaysia Massage Chair Market, By Product
Type:
- Malaysia Massage Chair Market, By Player Type:
- Malaysia Massage Chair Market, By Sales Channel:
- Direct
Sales
- Channel
Sales
- E-Commerce
- Malaysia Massage Chair Market, By Source:
- Malaysia Massage Chair Market, By Purpose:
- Malaysia Massage Chair Market, By End Use:
- Malaysia Massage Chair Market, By Region:
- East
Coast Region
- Southern
Region
- Northern
Region
- East
Region
- Central
Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Malaysia massage chair market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Malaysia massage chair market is an upcoming report to be released soon.
If you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]