SAN
DIEGO, Dec. 3, 2022 /PRNewswire/ -- Data
Bridge Market Research has recently published a Report,
titled, "Spa Market" The report offers an extensive analysis
of key growth strategies, drivers, opportunities, key segment,
Porter's Five Forces analysis, and competitive landscape.
Spa report provides exact information about market trends,
industrial changes, and consumer behaviour etc. The report assists
in outlining brand awareness, market landscape, possible future
issues, industry trends and customer behaviour about
Spa industry which eventually leads to advanced business
strategies. Being a verified and reliable source of information,
this market research report offers a telescopic view of the
existing market trends, emerging products, situations and
opportunities that drives the business in the right direction of
success. The Spa report has been framed with the proper use of
tools like SWOT analysis and Porter's Five Forces analysis
methods.
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.
Download Sample Copy of Spa Market @
https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-spa-market
Market Overview:
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.
Today, spas are offering personalized premium and super-premium
experiences through many wellness conducts and programs.
Maintaining a mentally and physically healthy lifestyle is
anticipated to increase the demand of the spa therapies.
Furthermore, rapid urbanization, sedentary lifestyles and working
professionals' hectic schedules have augmented therapeutic spas'
preference to relieve stress and anxiety. As a result, spas have
include customized best and super-premium capabilities due to which
numerous spas treatments and services are gaining momentum.
Opportunities for Players:
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.
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.
Some of the major players operating in the Spa market
are:
- 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 Full PDF Research Report to Understand More @
https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-spa-market
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.
The report provides insights on the following
pointers:
Market Penetration: Comprehensive information on the
product portfolios of the top players in the Spa market
Product Development/Innovation: Detailed insights on
upcoming technologies, R&D activities, and product launches in
the market
Competitive Assessment: In-depth assessment of the market
strategies, and geographic and business segments of the leading
players in the market
Market Development: Comprehensive information about
emerging markets. This report analyzes the market for various
segments across geographies
Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the Spa Market
The investment made in the study would provide you access to
information such as:
- Spa Industry [Global – Broken-down into
regions]
- Regional level split [North
America, Europe,
Asia Pacific, South America, Middle East & Africa]
- Country wise Market Size Split [of important countries with
major market share]
- Market Share and Revenue/Sales by leading players
- Market Trends – Emerging Technologies/products/start-ups,
PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
- Market Size
- Market Size by application/industry verticals
- Market Projections/Forecast
Market Dynamics: Spa Market
- 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.
Consider Data Bridge Market Research for this Report which
would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates
from the industry's leading players who have leveraged their market
position.
- It also offers strategic plans and standards to arrive at
informed business decisions adopted by the main players, thereby
advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer
behaviour that can help the organization better curate market
strategies
- Usage of exclusive tailor-made tools along with primary
research, secondary research and our in-house data model helps us
in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning
and Positioning, thereby delivering a solution by keeping the
prospecting client at the sweet spot
- The market research report includes all of the market's
valuable elements, such as sales growth, product pricing &
analysis, growth opportunities, and recommendations for addressing
market challenges
- The report covers all the primary mergers & acquisitions,
alliances, and collaborations that have generated additional
opportunities for market players or in some cases, challenges
To Gain More Insights about this Research, Visit @
https://www.databridgemarketresearch.com/reports/global-spa-market
Key Industry Segmentation: Spa Market
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
Regional Analysis/Insights: Spa Market
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.
Table of Contents:
1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Global Spa Market: Regulations
6. Market Overview
7. Global Spa Market, By Service Type
8. Global Spa Market, By Facility Type
9. Global Spa Market, By End User
10. Global Spa Market, By Region
11. Global Spa Market: Company Landscape
12. SWOT Analyses
13. Company Profile
14. Questionnaires
15. Related Reports
To Check the Complete Table of contents, click here @
https://www.databridgemarketresearch.com/toc/?dbmr=global-spa-market
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