'Global Spa Market' the new research report adds in Data Bridge Market Research's reports database. This Research Report spread across 329 Page, 53 No of Tables, And 244 No of Figures with summarizing Top companies, with tables and figures. The Spa market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world. By keeping in mind the end user's point of view, a team of researchers, forecasters, analysts and industry expert's work in-depth to formulate this Spa market research report. The research and analysis carried out in this Spa report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. To turn complex market insights into simpler version, well established tools and techniques are used for generation of Spa report.
Data Bridge Market Research analyses that the spa market was valued at USD 60.22 billion in 2022 and is expected to reach USD 155.61 billion by 2030, registering a CAGR of 12.60% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Get PDF Broacher of Spa Market Research Report at https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-spa-market
Market Definition
A spa is a place where mineral-rich spring water is used to give medicinal baths. Spa towns or spa resorts normally offer several health treatments, which are also well-known as balneotherapy. The term ‘spa’ encompasses an extensive range of services and can mean everything from a massage and small facial business to expansive destinations of pampering. These locations of relaxation and bathing were believed to benefit well-being and health.
Spa Market Scope and Segmentation
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REPORT METRIC |
DETAILS |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Service Type (Massage, Beauty/Grooming, Physical Fitness, Other Service Types), Facility Type (Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa, Other Facility Types), End User (Male, Female) |
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Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Market Players Covered |
Planet Beach Franchising Corporation (U.S.), Hot Springs Resort & Spa (U.S.), Four Seasons Hotel Limited (Canada), ME SPE Franchising, LLC. (U.S.), Lanserhof (Austria), Jade Mountain (U.S.), Rancho La Puerta Inc. (U.S.), Mandarin Oriental Hotel Group Limited (China), MGM Resorts International (U.S.), Crown Resorts Limited (Australia), Caesars Entertainment (U.S.), Las Vegas Sands Corporation (U.S.), Melco International Development Limited (China), Genting Berhad (Malaysia), Wynn Resorts Holdings, LLC (U.S.) and Galaxy Entertainment Group Limited (China), Omni Hotels & Resorts (U.S.) |
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Market Opportunities |
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Global Spa Market Dynamics
Drivers
- Increased wellness and health and activities
The market's expanding momentum is due to some factors such as increasing prevalence of lifestyle-related illnesses and the shifting importance toward wellness and health activities. Many people are turning to wellness and other personal care activities such as sauna treatments, spa therapies and other body therapies as a result of urbanization, hectic lifestyles and an increase in the working population. Spa treatments have numerous advantages, including improving sleep, making skin more luminous, reducing stress, releasing dopamine and serotonin, reducing headaches, relieving pain, improving blood flow and circulation, helping with anti-aging problems, and boosting confidence others.
- Increasing demand for anti-ageing treatments
The rising need for anti-ageing treatments for acne, wrinkles, clogged pores and hyper-pigmentation is further expected to boost the growth of the market. The growing old age population is progressively spending on non-surgical treatments such as peel and exfoliation to improve their mental and physical health. Anti-stress treatment and detoxification of the system will continue to increase the demand for spa treatments in the global market. Such factors are anticipated to drive the market during the forecast period.
Opportunities
- Rapid urbanization
Rapid urbanization is anticipated to create ample opportunities for the growth of the market. Urbanization mentions to the movement of population from rural to urban areas and the growing densities of human population in urban areas. Changing lifestyles and increasing stress levels associated with growing urbanization promote demand for spas. For instance, according to the Department of Economic and Social Affairs report, 68% of the world’s population (2.5 billion) are estimated to live in urban areas by 2050 in United Nations. Thus, rapid urbanization will boost the market growth in upcoming years.
- Increasing investments
There have been rising developments and investments between major market players in recent time that led to many opportunities for the market growth. Monomoy Capital Partners, a US-based private investment firm, acquired Marquis Hot Tubsand Artesian Spas In January 2022 for an undisclosed amount. The combined pool and spa wellness platform will generate a multi-branded hot tub and provide customers with an extensive portfolio of outdoor aquatic products.
Restraints/ Challenges
- Disadvantages associated with the spa market
The increased demand for personal care products can be attributed to shifting customer preferences towards the unsafe chemical-based spa. Furthermore, the other aspect in men grooming is the demographic of men aged over 55. These people are minimally involved in personal grooming when it comes to use of grooming products. So, the challenge is selling these products and convincing them to change their lifestyles. This demographic factor will hamper the market growth rate.
This spa market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spa market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2021, Zenoti, a cloud-based software provider for salons and spas, established a strategic alliance with Sutherland Global. Through the growth of real-time service across phone and chat and based platforms, the company will be capable to swiftly resolve the majority of customer support concerns, thus improving the customer experience.
- In January 2021, Touch-Free Wellness Spa is a US-based new spa business was started with touch-free spa technology to deliver spa services without the touch of a massage practitioner or therapist. The spa uses cryotherapy, anti-gravity robotic massage chairs, hydro-massage chairs, infrared sauna pods, lymphatic compression massages, near-infrared light therapy and whole body vibroacoustic treatments to deliver a hands-off spa experience.
Top Key players in Global Spa Market Report:
- Planet Beach Franchising Corporation (U.S.)
- Hot Springs Resort & Spa (U.S.)
- Four Seasons Hotel Limited (Canada)
- ME SPE Franchising, LLC. (U.S.)
- Lanserhof (Austria), Jade Mountain (U.S.)
- Rancho La Puerta Inc. (U.S.)
- Mandarin Oriental Hotel Group Limited (China)
- Crown Resorts Limited (Australia)
- Caesars Entertainment (U.S.)
- Las Vegas Sands Corporation (U.S.)
- Melco International Development Limited (China)
- Genting Berhad (Malaysia)
- Wynn Resorts Holdings, LLC (U.S.)
- Galaxy Entertainment Group Limited (China)
- Omni Hotels & Resorts (U.S.)
Get Access to Full Report (Including Graphs, Charts & Figures) at https://www.databridgemarketresearch.com/reports/global-spa-market
Market Segmentation:
The spa market is segmented on the basis of service type, facility type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Massage
- Beauty/Grooming
- Physical Fitness
- Other Service Types
Facility Type
- Hotel/Resorts Spa
- Destination Spa
- Day/Salon Spa
- Medical Spa
- Mineral Spring Spa
- Other Facility Types
End User
- Male
- Female
To View Detailed Report Analysis, Visit at https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-spa-market
Spa Market Regional Analysis/Insights
The spa market is analyzed and market size insights and trends are provided by country, service type, facility type and end user as referenced above.
The countries covered in the spa market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the global spa market due to the growing popularity of Ayurveda massage, lomi massage, Thai massage and other among the consumers mostly in the U.K., Germany and France. Moreover, growing popularity of wellness among normal people, numerous spa vendors in Europe have established an extensive range of services to boost healthy living.
Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2023-2030 due to the expansion of the tourism industry and increasing disposable income, especially in developing nations such as China and India. Moreover, the flourishing hospitality industry and the increasing popularity of traditional spas such as Ayurveda and Thai massage in this region would continue to drive the market growth.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Key questions answered in the report:
- What will the market development pace of the Spa market?
- What are the key factors driving the Global Spa market?
- Who are the key manufacturers in the market space?
- What are the market openings, market hazard and market outline of the market?
- What are sales, revenue, and price analysis of top manufacturers of Spa market?
- Who are the distributors, traders, and dealers of Spa market?
- What are the Spa market opportunities and threats faced by the vendors in the Global Spa industries?
- What are deals, income, and value examination by types and utilizations of the market?
- What are deals, income, and value examination by areas of enterprises?
For More Insights Get Detailed TOC at https://www.databridgemarketresearch.com/toc/?dbmr=global-spa-market
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