Spa Market To Grow $ 22.08 Billion From 2020 To 2025 | 33% of growth will come from Europe

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Market dynamics

Factors such as iincreased adoption of facial, body and hair treatments in spas, a growing wellness tourism industry and brand positioning allowing premium pricing for spa services will drive the growth of the spa market. However, fragmented market could hamper market growth. This Hot Tub market analysis report also provides in-depth information about other upcoming trends which will have a considerable effect on the market growth.

Company Profiles

The spa market is fragmented and suppliers are deploying growth strategies such as strategic alliances with small regional suppliers to compete in the market. Some of the companies covered in this report are Aspira Spa, Cal-a-Vie Health Spa, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC and Rancho La Puerta Inc., etc.

Some companies with key offers

  • Spa Aspira – The company offers a range of services such as massages, facials, dynamic body wraps, healing arts, specialist treatments, salon and manicure services and spa courses, among others. .
  • Cal-a-Vie health spa – The company offers a wide range of services in the spa and beauty category, including Cal-A-Vie wine therapy massage, Cal-A-Vie wine therapy grape skin wrap, Vichy Cal-A-Vie wine therapy scrub, aromatic awakening massage, bamboo massage, poolside massage, and many others.
  • Retreat & Spa Gaia – The company offers a range of products such as Gaia Deluxe, Bayron Bay Dream, Inner Serenity and Dreamtime Travel, among others.
  • Hand & Stone Franchise Corp – The company offers a range of products such as therapeutic massage, facial and hair removal services, among others.
  • THERMAL STATION AND SPA – The company offers a wide range of massage modalities ranging from relaxation to deeper and therapeutic massages, including mineral baths.

Competitive analysis

The report includes Competitive Analysis, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Market segmentation

  • Through Type, the market is categorized into day spa / club / salon, hotel / resort spa, destination spa, medical spa and others
  • Through Geography, the market is classified as Europe, APAC, North America, South America, and MEA.

Related reports –
Wellness Tourism Market –The size of the wellness tourism market is expected to grow by $ 315.47 billion and registers a CAGR of 7% in 2020-2024. Download a free sample now!

Gyms and health clubs market –The gym and fitness club market has the potential to grow by USD 101.18 billion during the period 2021-2025, and the market growth momentum will slow to a CAGR of 15.39%. Download a free sample now!

Scope of the spa market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 6% CAGR

Market growth 2021-2025

$ 22.08 billion

Market structure

Fragmented

Annual growth (%)

4.30

Regional analysis

Europe, APAC, North America, South America and MEA

Efficient contribution to the market

Europe at 33%

Main consumer countries

United States, China, Germany, France and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Aspira Spa, Cal-a-Vie Health Spa, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC and Rancho La Puerta Inc .

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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