The spa services market is expected to reach $ +160 billion by 2024. Medical Spa is expected to witness the fastest growth in 2019-2024. Spa Services is a collective application for a variety of services offered under the facial, body massage, craft, pedicure, body care and specialist administration of brain and body rejuvenation.
These personalized services are efficiently designed to provide end-users with the ultimate level of fitness, peace of mind, happiness, health, and wellness. Moreover, they are beneficial for stress management, medical treatment, detoxifying the body, weight loss and boosting the immune system. The global spa services market is seeing constant innovations, such as the use of hybrid spa technology, which utilizes the gas-generating hybrid system for heating the spa. Compared to such heating systems, this technology involves less use of carbon and other chemicals and is cheaper.
The market is driven by a busy lifestyle in urban areas, rising demand from emerging markets, new developments in spa services, and rising demand for teenage children. The spa industry has lucrative opportunities due to the increase in the percentage of the aging population and the increasing demand from emerging markets. However, the high cost of skilled therapeutic professionals and the low penetration of developed countries can hamper market growth.
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Key Market Segments:
- Four Seasons Hotel
- Trailhead Spa
- Massage Envy Franchise
- Jade Mountain
- Six Senses Hotels Resorts Spas
- Clarins Group
- Salon spa
- Hotel spa
- Medical spa
- Destination spa
- Mineral spa
- Other spas
Hotel Spa segment to lead the market growth:
During the period of analysis, the hotel spa segment will emerge as one of the most profitable growing segments in the global spa services market. Growth in tourism and tourism growth will continue to generate significant revenue for this sector. Investments in tourism infrastructure, mainly in the Middle East and Asia, will accelerate the growth of the hotel spa services market in the coming years. Moreover, the global spa services market has also seen the launch of a new budget hotel spa, with pricing policies designed to target potential customers of middle-income groups.
Destination Spa has also gained considerable popularity due to the increasing demand for traditional spa such as Ayurveda, Swedish and Turkish massage. The growth of the destination spa services market is also driven by the growth of tourism in and out of the country for good.
Key Benefits of the Report:
- This study provides an in-depth analysis of the world spa services market to clarify the immediate investment pockets in the market.
- The current trends and future estimations are given in the report to determine the overall market potential and individual profitability trends for gaining a solid foundation in the market.
- The report provides information on drivers, restrictions, and opportunities along with detailed impact analysis.
- A quantitative analysis of the current market and estimates from 2014 to 2024 is provided to demonstrate the financial competence of the market.
- The report provides realistic stats for 2014 and gives Y-o-Y forecasts for 2014 to 2024, with 2013 as the base year.
- Porter’s Five Forces model illustrates the potential of industry buyers and suppliers.
- Value chain analysis provides a clear understanding of the role played by different intermediaries in the value chain.
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Table of Content:
Chapter One Spa Services Overview
Chapter Two Industry Chain Analysis
Chapter Three Market Dynamics of Spa Services Industry
Chapter Four North America Market of Spa Services (2014-2019)
Chapter Five North America Market Forecast (2019-2024)
Chapter Six North America Raw Material Supply Analysis
Chapter Seven North America Spa Services Consumer Analysis
Chapter Eight Analysis of North America Key Manufacturers (Including Company Profile, SWOT Analysis, Production Information, etc.)
Chapter Nine Research Conclusions of North America Spa Services Industry
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