Sept 20th,2021/IndustryNewsGlobal/ — The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Back Posture Corrector Market.
Back Posture Corrector Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Back Posture Corrector Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 5.6% during the forecast period.
Segment Analysis
End Use Trends
By end-use, the back posture corrector market has been classified into men, women, and kids.
- The men segment held the largest market share in 2020 and is likely to grow at a moderate CAGR during the review period.
- Men form a large part of the working population.
- Most of the working population have a desk job that puts people at risk of chronic pain, disorders, and musculoskeletal injuries that affect the long-term health and productivity of the employee, thus driving the need for back posture corrector. This, in turn, boosts the segment growth.
Regional Trends
Based on region, Asia Pacific held the largest market share in 2020 and is likely to register the highest CAGR in the following years.
- This is mainly ascribed owing to the growing working population and increasing geriatric population.
- China and India are the two most densely populated countries with a significant percentage of working and aging population, thus offers a lucrative consumer base to the key players.
- Moreover, rising concern for back pain problems and body fitness further augments regional growth.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Back Posture Corrector Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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