NEW YORK, May 4, 2021 /PRNewswire/ --The global massage equipment market by product (massage chairs and sofas, back massagers, handheld massagers, neck and shoulder massagers, and others), end-user (commercial and residential), type (electric massage equipment and non-electric massage equipment), and geography (North America, Europe, APAC, South America, and MEA) has been added to Technavio's offering. The global massage equipment market is expected to grow by USD 3.27 billion, at a CAGR of almost 3% during 2020-2024.
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Technavio has announced its latest market research report titled Massage Equipment Market by Product, End-user, Type, and Geography - Forecast and Analysis 2020-2024
The outbreak of COVID-19 has negatively impacted the product demand, customer behavior, logistics services for products, and the availability of essential and non-essential products at retail stores and factories. To overcome many such challenges, vendors are starting to offer free shipping or bearing a part of shipping costs for delivery at offline stores in countries or areas with fewer COVID-19 cases. This strategy is helping vendors to clear the massage equipment stocks from their warehouses.
The market is expected to be driven by factors such as the need to alleviate pain and stress, the growing popularity of Shiatsu massage model, and a rise in the number of massage parlors and physiotherapy clinics.