Back Posture Corrector Market By Product (Sitting support devices, Posture braces, Kinesiology tape, Posture corrector clothing, Others) By End Use (Men, Women, Kids) By Distribution Channel (Online, Offline) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

The global back posture corrector market report explores the critical analysis of the Back Posture Corrector industry using key parameters. The report consists of investment strategies, the need for investments in the back posture corrector industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the back posture corrector industry and how economic and non-economic barriers are helping the back posture corrector market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Back Posture Corrector Market?

• In 2021, the kinesiology tape dominated the product segment due to it is very useful to prevent sports injuries, during the sports. These factors are the growth of this segment.
• In 2021, the men led the end-use segment and were dominated due to the men from a large part of the working population, which contributed segment's expansion.
• In 2021, the online segment accounted for the highest market share in distribution channels due to the posture corrector easily available online.     
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Which region dominated the Back Posture Corrector Market?

Asia Pacific dominated for the largest share in 2021 of the back posture corrector market. The Asia Pacific region has become a valuable market for leading the Back Posture Corrector market because people from countries such as India, Japan and China are more concerned about their health. The Asia pacific countries stay healthy and avoid posture correctors due to focusing on physical exercises and gyms and others, which is increasing the growth of the back posture corrector market in the Asia Pacific region. Furthermore, the rising awareness about the posture corrector is increasing the growth. These factors are the growth of the Back Posture Corrector market in the Asia Pacific region.

How is US Market Performing in the Back Posture Corrector Market?

The US accounted for the largest North American Back Posture Corrector market share in 2021. The major drivers for the market growth are increasing demand for the back posture corrector market due to the rising geriatric population within this region.

What is the competitive environment of the Back Posture Corrector Market?

The back posture corrector market's competitive environment provides data on the overall economic profit made by manufacturers and suppliers, the sales and revenues generated in this industry, the back posture corrector market share, company overviews, the introduction of new products, and market opportunities. Additionally, industry companies are introducing fresh goods that increase awareness in developing nations, including Brazil, China, and India. These actions encourage healthy market rivalry and present chances for new market entrants.

Executive Summary

What are all the technical developments in the Back Posture Corrector Market?

The development of the products in back posture corrector solutions and the expansion of the global market are driven by increased demand for new products to boost utilization in many industries. For instance, in December 2021, Chinese smart hardware solution supplier CZUR TECH CO., LTD. announced the launch of its most recent Indiegogo project, the CZUR Mirror. CZUR Mirror, a genuine intelligent AI posture corrector, aids people of all ages to form healthy sitting habits within a week.

Which are the key investments by the back posture corrector market players?

The market players invest huge amounts in back posture correctors for expansion, acquisition, and development. The increasing number of sports injuries and changing lifestyles of working individuals increases the demand for the back posture corrector market. Thus, the market players in the back posture corrector market invest in new developments. For instance, in February 2021, a posture corrector with adjustable angles was invented by Mueller Sports Medicine with athletes and remote workers in mind.

Some major players in the market are Aditya Birla Chemicals (India) Ltd., China Petrochemical Corporation (Sinopec Group), Lonza Group Ltd., Nikunj Chemical Limited, Nippon Soda Co. Ltd., Tianjin Kaifeng Chemical Co. Ltd., Sree Rayalaseema Hi-Strength Hypo Ltd., Tianjin Ruifuxin Chemical Co. Ltd., Tosoh Corporation, and Westlake Chemical Corporation.

What are the Major Driving Factors for the Back Posture Corrector Market?

The increasing back pain concerns due to prolonged sitting increasing the pressure on back muscles, leading to back pain, are the major factor in the growth of the back posture corrector market. People sit for more hours to do work, which affects human health, such as discomfort, muscle tension and other things. Additionally, the increasing population and concern about their children's health are expected to increase the growth of the back posture corrector market. The posture corrector also helps to prevent injuries while doing sports activities. These advantages are projected to drive the growth of the Back Posture Corrector market. Furthermore, the rising awareness about the benefits of posture corrector and the increasing government support for research and development is also major factor in the back posture corrector market growth.

What are the Major Risks for the Back Posture Corrector Market?

The high cost associated with research and development and the absence of skilled professionals is the major restraint of the back posture corrector market. Moreover, the dearth of awareness in backward economies is also a factor that restrains the back posture corrector market growth during the forecast period. Furthermore, the lack of technology penetration in developing economies and muscle weakening due to the use of posture corrector is hampering the back posture corrector market.

Which is the key distribution channel in the Back Posture Corrector Market?

The Back Posture Corrector distribution channel is classified into online and offline. The online-led distribution channel segment, which is dominated due to the posture corrector, is easily available online. Furthermore, the online markets provide services such as home delivery due to smartphones' popularity, which is expected to grow during the forecast period.

How is the Back Posture Corrector Market performing in regions?

Asia Pacific dominated for the largest share in 2021 of the back posture corrector market. The Asia Pacific region has become a valuable market for leading the Back Posture Corrector market because people from countries such as India, Japan and China are more concerned about their health. The Asia pacific countries stay healthy and avoid posture correctors due to focusing on physical exercises and gyms and others, which is increasing the growth of the back posture corrector market in the Asia Pacific region. Furthermore, the rising awareness about the posture corrector is increasing the growth. These factors are the growth of the Back Posture Corrector market in the Asia Pacific region.

North American region dominated the Back Posture Corrector market in 2021 and accounted for the highest market share. These reasons for the growth of North America's Back Posture Corrector market are the increasing prevalence of low back pain of the presence of key manufacturers. The increasing investments by the Government are also expected to propel the back posture corrector market. Furthermore, the growing research and development activities drive North America's Back Posture Corrector market.

What is the regulatory landscape for the Back Posture Corrector Market?

The countries' governments are supporting the production of Back Posture Correctors due to their many benefits of it, including such as correct body posture and relive the user of neck pain, back pain, and swelling. For instance, The National Safety Council (NSC) estimates over 3.3 million sports-related injuries in 2019. These accidents happened when people were exercising, riding bicycles, playing basketball or football, swimming, and participating in various other sports. Spending on posture-corrector devices has increased due to the growing concerns about these sports-related injuries. Thus, due to these factors, governments of the countries are supporting the production and consumption of back posture correctors, which aids market growth.

What is the Market Size of Back Posture Correctors regarding value?

The global back posture corrector market is anticipated to grow at a substantial CAGR of XX% in the upcoming years. The global back posture corrector market was estimated to be worth USD XX million in 2021 and was expected to be worth USD XX million by 2028.

What are the major players planning for the future of the Back Posture Corrector Market?

The key market players in the back posture corrector market are developing new solutions for back postures with the help of AI and other technologies, which are expected to aid their growth during the forecast period.

Segmentation of Global Back Posture Corrector Market-

Global Back Posture Corrector Market – By Product

• Sitting support devices
• Posture braces
• Kinesiology tape
• Posture corrector clothing
• Others

Global Back Posture Corrector Market – By End Use

• Men
• Women
• Kids

Global Back Posture Corrector Market – By Distribution Channel

• Online
• Offline

Global Back Posture Corrector Market – By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa