Spa Services Market to Reach $154.6 Billion, Globally, by 2022 Key Companies Four Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC

Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022, according to new research published by Allied Market Research. Europe accounted for the largest market share of about 39.1%, followed by Asia-Pacific and North America, in 2015. LAMEA region is expected to witness the highest growth, owing to rising investments into tourism industry in countries such as Brazil and UAE.

Growth of the market is fostered by factors such as increasingly hectic lifestyles, rising wellness tourism, rising demand from teenagers and improving standards of living. Moreover, increase in population of working women and rising popularity of spa among male customers is also supplementing the growth of world spa services market. However, scarce availability of skilled labor and lesser penetration in underdeveloped regions limit the market growth to a certain extent. Furthermore, the cost of employing skilled labor in the world spa services market is high, thereby adding to the operation costs incurred by the firms.

Get the PDF brochure: https://www.alliedmarketresearch.com/request-sample/1502

The salon spa segment accounted for the largest market share of around 41.8% in 2015. Increase in disposable income among the middle-income class, affordable services, and innovative marketing strategies used by salons contribute to the growth of this segment. However, the highest CAGR of 10.7% is expected to be witnessed by the medical spa segment during the forecast period. Technological advancement in medical treatments such as laser technology, dermal fillers, cellfina, ultratherapy and others are driving the demand for medical spa.

The world spa services market was dominated by Europe in 2015, owed to higher demand in Western European countries such as Germany, France, UK and others. In addition, extensive demand arising from Eastern Europe countries due to rising income of middle class customer groups has also contributed significantly to the market growth. Asia-Pacific is the second largest region in the world spa services market owed to huge contribution by countries such as Japan and China, which are highly concentrated with mineral spa.

Purchase here: https://www.alliedmarketresearch.com/checkout/748661

LAMEA region is expected to witness the fastest growth, with a CAGR of 10.0% during the forecast period, owing to rising investments in tourism industry in countries such as Brazil and UAE. The tourism sector in Brazil is attaining more proficiency and professionalism posing huge avenues for the world spa services market to expand in future.

Key companies profiled in this report include Four Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC, Six Senses Hotels Resorts Spas, Clarins Day Spa, Belmond Maroma Resort & Spa, Lanserhof Tegernsee Spa, and Gaia Retreat & Spa.

Key Findings of Spa Services Market Study:

• Europe was the highest revenue-generating region in the world spa services market in 2015.
• LAMEA is anticipated to witness the highest CAGR during the forecast period.
• Salon spa was the largest revenue-generating segment in 2015.
• Medical spa is anticipated be the fastest growing spa segment due to rapid advancements in medical field.
• The report provides actual historical figures for 2014 and 2015 and provides Y o-Y forecasts for 2016 to 2022, considering 2015 as base year.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.