The global Spa market size is expected to be worth around US$ 217.9 Bn by 2030, according to a new report by Vision Research Reports.
The global Spa market size was valued at US$ 57.5 billion in 2020 and is anticipated to grow at a CAGR of 22.1% during forecast period 2021 to 2030.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38359
Growth Factors
Unhealthy lifestyles have increased the need for stress management, mental clarity, and system detoxification. The growing need to maintain a physically and mentally healthy lifestyle is expected to drive the market. Moreover, rising disposable incomes, changing lifestyles, and an increasing population are expected to propel market growth.
The coronavirus (COVID-19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of the spa industry professionals worldwide, 31.0% predicted that the number of spa visits decreased by more than 70.0% during the pandemic compared to the same period the previous year.
The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. Sanitizers are the new tabletop focus and all staff members are expected to wear face masks and gloves. Hotel owners and asset managers are planning new SOPs and safety measures during the hotel closure and ensuring transparency and direct contact with guests.
Report Highlights
The hotel/resorts spa segment dominated the market and held the largest revenue share of 47.4% in 2020 owing to the rising wellness tourism around the world. Based on type, the market is categorized into hotel/resort spa, destination spa, day/salon spa, medical spa, mineral spring spa, and others.
On the other hand, the destination spa segment is likely to witness the fastest growth over the forecast period due to growing demand for traditional spas such as Swedish, Ayurveda, and Turkish massage. The majority of people visit destination spas for week-long programs to -start their fitness or work on a particular problem.
In 2020, Asia Pacific dominated the spa market and accounted for the largest revenue share of 38.0%. Rising disposable income and the expansion of the tourism industry, especially in developing countries such as India and China, is a key factor that is expected to drive the market over the forecast period. Emerging economies in this region, including Japan, India, and China are exhibiting strong economic growth. The flourishing hospitality industry and the growing popularity of traditional spas such as Thai massage and Ayurveda in the region would continue to drive the market.
| Report Coverage | Details |
| Market Size | US$ 217.9 Bn by 2030 |
| Growth Rate | CAGR of 22.1% From 2021 to 2030 |
| Base Year | 2020 |
| Forecast Year | 2021 to 2030 |
| Segments Covered | Service Type, Region |
| Companies Mentioned | 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 & Resorts; Emirates Palace Spa |
Key Players
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Spa Market, By Service Type
7.1. Spa Market, by Service Type, 2020-2030
7.1.1. Hotel/Resorts Spa
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Destination Spa
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Day/Salon Spa
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Medical Spa
7.1.4.1. Market Revenue and Forecast (2016-2030)
7.1.5. Mineral Spring Spa
7.1.5.1. Market Revenue and Forecast (2016-2030)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Spa Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Service Type (2016-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Service Type (2016-2030)
Chapter 9. Company Profiles
9.1. Planet Beach
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Hot Springs Resort & Spa
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Four Seasons Hotel Limited
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Massage Envy
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. Lanserhof
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Jade Mountain
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Rancho La Puerta
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Mandarin Oriental Hotel Group
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
9.9. Omni Hotels & Resorts
9.9.1. Company Overview
9.9.2. Product Offerings
9.9.3. Financial Performance
9.9.4. Recent Initiatives
9.10. Emirates Palace Spa
9.10.1. Company Overview
9.10.2. Product Offerings
9.10.3. Financial Performance
9.10.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38359 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…