Spa Market size was valued at US$ 113.52 Bn. in 2021 and the total revenue is expected to grow at CAGR 5.81% through 2021 to 2029, reaching nearly US$ 178.36 Bn.
Spa Market Overview :
Maximize Market research, has market research report on “Spa Market“. The report on Spa Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Spa market growth.
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Spa Market Report Scope and Research Methodology :
The analysis of the Spa market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
Dedicated study of the rivalry in the industry is covered, which includes market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Spa market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Spa market size, the bottom-up approach was used.
Spa Market Regional Insights :
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented by geography into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report also highlights the leading countries in each region along with their respective market projections.
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Spa Market Segmentation :
The market is divided into salon spas, hotel spas, medical spas, destination spas, mineral spas, and others based on the type of product. The segment with the highest market revenue share in 2021, accounting for 38.56%, was the hotel and spa industry. During the projection period, this segment is anticipated to develop at a CAGR of 6.89%. The large revenue for this area is driven by the travel and tourism industry’s rapid growth. Hotel visitors may now enjoy a spa experience without leaving the comfort of their hotel thanks to a growing trend among hotel spas. These amenities frequently turn out to be very profitable for the hotels, which are fueling the market expansion.
The destination spa segment is anticipated to increase significantly during the forecast period, with a CAGR of 7.2%. In the coming years, the demand for traditional spa treatments like Ayurvedic, Swedish, and Turkish massage will increase.
In 2021, the salon and spa segment maintained a commanding market share of 30.6%. One of the main factors propelling the expansion of the salon industry is an increase in the working population around the world. In 2021, the market share of the medical spa segment was worth US$14.1 billion. However, it is anticipated that the Mineral Spa market would expand at a CAGR of 7.1% over the forecast period.
Spa Market Key Players :
- • Planet Beach
• Hot Springs Resort and Spa
• Four Seasons Hotel Limited
• Massage Envy
• Lanserhof
• Jade Mountain
• Rancho La Puerta
• Mandarin Oriental Hotel Group
• Omni Hotels and Resorts
• Emirates Palace Spa
• Mayfair Pevonia Spa
• Kaya Kalp – the Royal Spa
• Angsana Oasis Spa
• The Spa at Ranbanka
• Ananda in the Hills
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Key questions answered in the Spa Market are:
- What is Spa?
- What are the global trends in the Spa Market?
- What was the Spa Total Market size in 2022?
- What is expected Spa Market size by 2029?
- Who held the largest market share in Spa Market?
- Who are the leading companies and what are their portfolios in Spa Market?
- What are the major challenges that the Spa Industry could face in the future?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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