Electric Massagers Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192065
  • Format: Electronic (PDF)
  • Number of Pages: 181
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Massagers Market size was estimated at USD 6.5 billion in 2023 and is projected to reach USD 10 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024-2030).

Electric Massagers Market

(Market Size)
$6.5 billion
$10 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.80%
2023 Market Size USD 6.5 billion
2030 Market Size USD 10 billion
Key Players HoMedics, Beurer, Theragun, Naipo, Renpho

Market Summary

The electric massagers market represents a dynamic segment within the consumer goods industry, characterized by consistent innovation and growing consumer interest in personal wellness and therapeutic solutions. This market encompasses a wide array of electrically powered devices engineered to provide massage therapy for various parts of the body, including the back, neck, feet, and full body. These products are designed to alleviate muscle tension, reduce stress, improve blood circulation, and enhance overall relaxation and well-being. The proliferation of these devices is largely driven by increasing health consciousness among consumers, rising disposable incomes, and the growing prevalence of sedentary lifestyles leading to musculoskeletal issues. Manufacturers are continuously investing in research and development to introduce advanced features such as heat therapy, customizable intensity levels, and smart connectivity, which allow users to personalize their massage experience through mobile applications. The market is highly competitive, with both established multinational corporations and emerging players vying for market share through product differentiation, aggressive marketing strategies, and expanding distribution channels, including e-commerce platforms which have significantly broadened market reach.

Key Highlights

The electric massagers market is distinguished by several key factors that underscore its growth trajectory and commercial significance. A primary highlight is the rapid integration of smart technology and IoT capabilities into massage devices, enabling seamless connectivity with smartphones and other smart devices for enhanced user control and experience tracking. This technological evolution is complemented by the development of portable and cordless massagers, offering consumers unprecedented convenience and usability anywhere, which has become a critical selling point. Another significant aspect is the increasing diversification of product offerings tailored to specific therapeutic needs, such as percussion massagers for deep tissue treatment or vibration massagers for gentle relaxation, catering to a broad spectrum of consumer preferences. The market also benefits from robust marketing efforts and endorsements from health professionals and athletes, which bolster product credibility and consumer trust. Furthermore, the expansion of retail presence in supermarkets, specialty stores, and online marketplaces has made these products more accessible to a global audience. Sustainability initiatives are also emerging, with companies exploring eco-friendly materials and energy-efficient designs to appeal to environmentally conscious consumers.

Drivers, Opportunities & Restraints

The growth of the electric massagers market is propelled by several powerful drivers, while also facing certain restraints and presenting new opportunities. A major driver is the increasing global focus on health and wellness, spurred by rising awareness of the benefits of regular massage therapy for stress reduction and physical recovery. The growing incidence of chronic back pain and other musculoskeletal disorders, often linked to sedentary work environments and an aging population, further fuels demand for these therapeutic devices. Additionally, higher disposable incomes in developing economies allow consumers to invest in premium personal care products. However, the market encounters restraints such as the high cost of advanced electric massagers, which may limit adoption among price-sensitive consumer segments. Safety concerns and the potential for product misuse leading to injuries also pose challenges, necessitating stringent regulatory compliance and consumer education. Looking ahead, significant opportunities exist in the untapped markets of emerging economies, where increasing urbanization and health awareness are creating new consumer bases. The development of medically approved devices for specific therapeutic applications and the potential for partnerships with healthcare providers and corporate wellness programs represent additional avenues for market expansion and diversification.

Concentration Insights

The competitive landscape of the electric massagers market is characterized by a moderate level of concentration, featuring a mix of well-established international brands and a growing number of innovative niche players. Leading companies such as HoMedics, Therabody, and Beurer have secured substantial market shares through their extensive product portfolios, strong brand recognition, and global distribution networks. These industry giants benefit from significant investments in research and development, allowing them to pioneer new technologies and set industry standards. Meanwhile, the market also accommodates numerous smaller firms and startups that compete by offering specialized, often more affordable, products or targeting specific consumer segments with unique value propositions. This structure fosters a healthy competitive environment that drives continuous innovation and product improvement. The concentration is also influenced by regional dynamics, with certain players dominating specific geographical markets due to brand loyalty and tailored marketing strategies. The ease of entry for new companies, particularly through online sales channels, ensures ongoing competition, although building brand trust and achieving scale remain challenges for newcomers. Mergers and acquisitions are occasionally observed as larger companies seek to absorb innovative technologies or expand their market reach.

Type Insights

Electric massagers are available in a diverse range of types, each designed to cater to specific therapeutic needs and user preferences, contributing to a richly segmented market. Prominent categories include percussion massagers, which utilize rapid pulses to penetrate deep into muscle tissue for relief from soreness and stiffness, and are highly popular among athletes and individuals with chronic pain. Vibration massagers offer gentler, oscillating motions suitable for overall relaxation and improving blood circulation, often designed for use on the neck, back, or feet. Shiatsu massagers mimic the techniques of Japanese finger pressure massage, using rotating nodes to knead muscles and are frequently incorporated into chair pads and handheld units. Foot massagers represent another significant segment, providing targeted relief for tired feet and often featuring rollers, air compression, and heat functions. Full-body massage chairs constitute the premium end of the market, integrating multiple massage techniques, body scanning technology, and zero-gravity positioning for an immersive experience. The development of portable and cordless models has further expanded the market, appealing to consumers seeking convenience and on-the-go relief. Each type continues to see technological enhancements, such as app connectivity and customizable programs, enhancing their functionality and user appeal.

Application Insights

The application of electric massagers spans both personal and professional domains, reflecting their versatility and widespread acceptance. In the personal or residential segment, these devices are primarily used for daily relaxation, stress relief, and managing minor aches and pains associated with modern lifestyles. Consumers utilize them in the comfort of their homes as a convenient alternative to professional spa visits, driven by the desire for cost-effective and accessible wellness solutions. The commercial application sector is equally vital, encompassing use in wellness centers, spas, hotels, gyms, and physical therapy clinics. In these settings, electric massagers serve as valuable tools for therapists to enhance their service offerings, provide targeted treatment, and improve client outcomes. The corporate wellness segment is an emerging application area, where businesses are increasingly incorporating massage chairs and stations into workplaces to boost employee well-being and productivity. Furthermore, there is a growing application in sports and rehabilitation, where specialized electric massagers are used for athlete recovery, injury prevention, and as part of physical therapy regimens prescribed by healthcare professionals. This diversification in application underscores the product's transition from a luxury item to a functional wellness tool across various environments.

Regional Insights

The demand for electric massagers exhibits distinct regional patterns influenced by economic development, cultural attitudes towards wellness, and consumer lifestyles. North America represents a significant and mature market, characterized by high consumer awareness, strong purchasing power, and a well-established culture of self-care and preventive health practices. The region is a hub for innovation, with many leading brands headquartered there and continuously launching advanced products. Europe follows a similar trajectory, with robust markets in Western European countries where consumers prioritize quality and technological features, although growth rates can vary across the continent. The Asia Pacific region is identified as the fastest-growing market, driven by rising disposable incomes, rapid urbanization, and the increasing adoption of Western wellness trends in countries like China, India, and Japan. Japan, in particular, has a deeply ingrained culture of massage therapy, contributing to steady demand. Latin America and the Middle East and Africa are emerging markets with considerable potential, as economic growth and growing health consciousness begin to fuel demand, although market penetration is currently lower compared to more developed regions. Overall, regional strategies for companies often involve tailoring marketing approaches and product features to align with local preferences and distribution channel strengths.

Company Insights

The electric massagers market features a competitive arena with several key players shaping industry dynamics through innovation and strategic initiatives. Prominent companies such as HoMedics, a longstanding leader known for its wide range of personal wellness products, maintain a strong market presence through consistent product launches and effective brand marketing. Therabody, recognized for its percussive therapy devices, has gained significant traction, particularly among fitness enthusiasts and professionals, by focusing on clinically inspired design and professional endorsements. Beurer GmbH, a German company, is renowned for its medical-grade health and wellness products, including a variety of electric massagers that emphasize therapeutic benefits and quality engineering. Other notable participants include Human Touch, a pioneer in massage chairs, and MedMassager, which focuses on medical and therapeutic devices. The strategies employed by these companies often include heavy investment in research and development to integrate the latest technologies, such as AI and app connectivity, into their products. They also engage in strategic partnerships with retailers, e-commerce platforms, and healthcare professionals to expand their distribution and credibility. For smaller and emerging companies, competing often involves identifying niche segments, offering competitive pricing, and leveraging digital marketing and online sales channels to build brand awareness and customer loyalty.

Recent Developments

The electric massagers market has witnessed a series of notable recent developments that reflect its evolving nature and response to consumer trends. A significant trend is the accelerated adoption of smart features and Internet of Things integration, with leading companies launching devices that can be controlled via smartphone apps, allowing users to customize massage routines, track usage, and receive software updates. There has also been a surge in the development of portable and cordless designs, emphasizing convenience and addressing the demand for on-the-go wellness solutions. Sustainability has moved to the forefront, with several manufacturers announcing initiatives to incorporate recycled materials and reduce the environmental footprint of their products and packaging. Furthermore, the market has seen increased collaboration between massage device companies and health professionals or sports organizations to validate product efficacy and enhance brand trust. The competitive landscape has been active with new product launches featuring advanced functionalities like body scanning technology in massage chairs and enhanced battery life in handheld units. The distribution strategy continues to evolve, with a pronounced shift towards strengthening online sales channels and direct-to-consumer models, particularly in response to changing retail behaviors post-pandemic.

Report Segmentation

This comprehensive market research report on the electric massagers market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation is primarily based on product type, which includes key categories such as percussion massagers, vibration massagers, Shiatsu massagers, foot massagers, full-body massage chairs, and other specialized variants. Each segment is analyzed in terms of its market dynamics, consumer adoption patterns, and technological trends. The report further segments the market by application, distinguishing between residential use and commercial use, the latter encompassing wellness centers, spas, hotels, and corporate settings. A crucial segmentation is by distribution channel, covering offline retail stores including hypermarkets, specialty stores, and pharmacies, as well as the rapidly growing online retail segment. Geographically, the report provides a regional breakdown, analyzing market performance and opportunities in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This multi-faceted segmentation allows stakeholders to identify specific growth areas, understand competitive landscapes within niches, and tailor strategies according to precise market signals and consumer behaviors in different segments and regions.

FAQs

What are the key factors driving the growth of the electric massagers market?

The growth is primarily driven by increasing consumer awareness regarding health and wellness, rising prevalence of musculoskeletal disorders due to sedentary lifestyles, growing disposable incomes, and continuous technological advancements in product features and functionality.

Which regions show the highest potential for market expansion?

The Asia Pacific region is identified with the highest growth potential, fueled by economic development, rising health consciousness, and increasing adoption of wellness products. North America and Europe remain significant mature markets with steady demand.

What are the different types of electric massagers available?

The market offers a diverse range including percussion massagers for deep tissue relief, vibration massagers for general relaxation, Shiatsu massagers that use kneading nodes, specialized foot massagers, and sophisticated full-body massage chairs.

How is technology impacting the electric massagers market?

Technology is a major catalyst, leading to smart massagers with Bluetooth connectivity, app control, customizable programs, body scanning sensors, and improved battery efficiency, enhancing user experience and personalization.

Who are the leading companies in the electric massagers market?

Prominent companies include HoMedics, Therabody, Beurer GmbH, Human Touch, and MedMassager, among others, known for their innovation, extensive product portfolios, and strong brand presence.

What are the common applications of electric massagers?

Common applications span personal use at home for relaxation and pain relief, as well as commercial use in professional settings like spas, wellness centers, clinics, gyms, and increasingly in corporate wellness programs.

Citius Research has developed a research report titled “Electric Massagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Massagers Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Massagers Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Massagers Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Massagers Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Massagers Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Massagers Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Massagers Market
• Cost and Gross Margin Analysis of Electric Massagers Market
• Electric Massagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Massagers Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Massagers Market Key Stakeholders

Below are the key stakeholders for the Electric Massagers Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Massagers Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Massagers Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Massagers Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Massagers Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Massagers Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric Massagers Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Massagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Massagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Massagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Massagers Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Massagers Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Massagers Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Massagers Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Massagers Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Massagers Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Massagers Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Massagers Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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