Global Spa Luxury Furniture Market 2017-2021
About Spa Luxury Furniture
Spa luxury furniture is high-end furniture that is specifically designed for the spa service market. They include massage tables, pedicure chairs, spa loungers, massage chairs, and others. The furniture is categorized into three types based on their price, namely mass range, mid-range, and luxury range. Luxury furniture is made of high-quality materials compared to mass and mid-range furniture, and are therefore priced higher.
Technavio’s analysts forecast the global spa luxury furniture market to grow at a CAGR of 4.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global spa luxury furniture market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Spa Luxury Furniture Market 2017-2021
Technavio recognizes the following companies as the key players in the global spa luxury furniture market: Continuum, Family Inada, Gharieni Group, Living Earth Crafts, and TouchAmerica.
Other Prominent Vendors in the market are: Design X Manufacturing, Collins Manufacturing Company, Lemi, OAKWORKS SOLUTIONS, Pibbs Industries, and REM.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of sustainable and environmental friendly furniture. The rising awareness of the degrading environmental conditions and the need for a healthy environment has raised the demand for vendors to introduce products that are sustainable and environmentally friendly. Various key players in the spa luxury furniture market are focusing on a sustainable approach with respect to manufacturing furniture.”
According to the report, one driver in the market is increase in number of spa centers and salons. The global spa luxury service market showed a significant rise in the number of spa luxury facility centers in 2016. This growth has further boosted the demand for spa luxury furniture. Vendors operating in the market are engaged in manufacturing a wide variety of customized and innovative luxury furniture. The growing health consciousness among consumers, especially among the high-income group segment, propels the market growth of spa luxury services. This, in turn, drives the demand for spa luxury furniture.
Further, the report states that one challenge in the market is high initial and maintenance costs. Spa luxury furniture is expensive with the price mostly ranging from $4,000 to $13,000 or more. While mass and mid-range spa furniture is priced $300 onwards. Spa luxury chairs and pedicure chairs require high investment as they are manufactured with high-quality and premium raw materials that require regular maintenance and service. This results in extra costs for end-users. For instance, the leather or wood materials that are used in this furniture require a special cleaning kit that includes leather care, protector, cleaner, and ink remover.
Continuum, Family Inada, Gharieni Group, Living Earth Crafts, and TouchAmerica, Design X Manufacturing, Collins Manufacturing Company, Lemi, OAKWORKS SOLUTIONS, Pibbs Industries, and REM.