Electric Leg & Foot Massagers Market 2023 Forecast Size, Share and Manufacturing Cost Analysis

Posted on 2019-11-21 by researchinsights in Automotive, Chemicals // 0 Comments

The Global Electric Leg and Foot Massagers Market is expected to display higher growth rate over the coming years. The rapid surge in the market is credited to the quickening pace of modern lifestyle and the growing in work pressure. Changing lifestyle, varying food habits and increasing work overtime are the key driving factors for robust market growth over the past few years. Globally, market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of electric leg & foot massagers.

Rising stress level among the adult population and ever-growing geriatric population are expected to drive the growth of electric leg & foot massagers market over the forecast period. Rising number of people suffering from long term fatigue, which is caused due to extreme tiredness resulting from mental or physical exertion, stress or illness, is estimated amplify market demand for electric leg & foot massagers over the coming years.

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The growing popularity of reflexology is projected to favor the growth of the market over the forecast period. Electric leg & foot massagers consist of electrical muscle stimulation (EMS) system and two large footpads. These are used to stimulate thousands of nerve endings in the soles of the feet, which aids in improving blood circulation in the body. Additionally, contraction and release, creates a pumping action in the foot and calf muscles. Furthermore, electric leg & foot massagers are known to improve sleep through consistent nerve stimulation, thereby enhancing mental and physical health.

The electric leg and foot massagers market is broadly categorized into two major segments based on the product type such as multi-function massager and ordinary massager. Multi-function massager segment is growing rapidly in the market with substantial revenue generation in the last few years. The growing popularity of multi-function massager segment is attributed to the increasing product penetration and rising number of online distribution channels.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in the manufacturing sector, surge in the number of research & development activities and the existence of well-established industrial infrastructure in the region. In the European region, Germany, France, and the United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the electric leg & foot massagers industry with massive growth in the forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rising per capita income, increasing awareness level among general population, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the electric leg & foot massagers market are Panasonic Corp., TheraFlow USA LLC, Naipo Co., Nekteck, Inc., Amzdeal, Inc., US Jaclean, Inc., Innohut Industrial Group Co., Ltd., and AcuRelax Wellness Products, Inc.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electric Leg & Foot Massagers in these regions, from 2012 to 2023 (forecast), covering

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Electric Leg & Foot Massagers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

Panasonic
TheraFlow
Naipo
Nekteck
Amzdeal
US Jaclean
Innohut Industrial Group
Acurelax

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Multi-function Massager
Ordinary Massager

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