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Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, Mineral Spa and Other Spa) and Geography (North America, Europe, Asia-Pacific, LAMEA)

10-08-2018 07:40 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

Spa Services Market

Spa Services Market

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.

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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.

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. Hotel spa and destination spa would also witness notable growth during the forecast period, owed to massive investments in tourism infrastructure in Asia and Middle East.

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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. Growth in Asia-Pacific market would also be fostered by booming hospitality industry and the rising popularity of traditional spas such as Ayurvedic and Thai massage in the region.

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.

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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.

Table of Contents:

Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1 Cxo Perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 top Impacting Factors
3.2.2 top Winning Strategies
3.2.3 top Investment Pockets

3.3 Value Chain Analysis

3.3.1 Inbound Logistics
3.3.2 Operations
3.3.3 End User
3.3.4 Service Designers
3.3.5 Marketing & Promotion

3.4 PorterS Five Forces Analysis

3.4.1 Low Bargaining Power of Suppliers Due to Numerous Suppliers
3.4.2 High Bargaining Power of Buyers Due to Low Service Switching Cost
3.4.3 Low Threat of Substitutes On Account of Less Availability of Substitutes
3.4.4 High Threat of New Entrants Due to Low Entry Barriers
3.4.5 High Rivalry Among Competitors Due to Presence of Numerous Competitors

3.5 Market Player Positioning, 2015
3.6 Market Dynamics

3.6.1 Drivers
3.6.2 Restraints
3.6.3 Opportunities

Chapter: 4 WORLD SPA SERVICES MARKET, BY TYPE

4.1 Salon SPA

4.1.1 Key Market Trends
4.1.2 Key Drivers and Opportunities
4.1.3 Market Size and Forecast

4.2 Hotel SPA

4.2.1 Key Market Trends
4.2.2 Key Drivers and Opportunities
4.2.3 Market Size and Forecast

4.3 Medical SPA

4.3.1 Key Market Trends
4.3.2 Key Drivers and Opportunities.
4.3.3 Market Size and Forecast

4.4 Destination SPA

4.4.1 Key Market Trends
4.4.2 Key Drivers and Opportunities
4.4.3 Market Size and Forecast

4.5 Mineral SPA

4.5.1 Key Market Trends
4.5.2 Key Drivers and Opportunities
4.5.3 Market Size and Forecast

4.6 Other SPA

4.6.1 Key Market Trends
4.6.2 Key Drivers and Opportunities
4.6.3 Market Size and Forecast

Chapter: 5 WORLD SPA SERVICES MARKET, BY GEOGRAPHY

5.1 North America

5.1.1 Key Market Trends
5.1.2 Key Drivers and Opportunities
5.1.3 Market Size and Forecast

5.1.3.1 United States
5.1.3.2 Canada
5.1.3.3 Mexico

5.2 Europe

5.2.1 Key Market Trends
5.2.2 Key Drivers and Opportunities
5.2.3 Market Size and Forecast

5.2.3.1 Germany
5.2.3.2 Russia
5.2.3.3 France
5.2.3.4 Rest of Europe

5.3 Asia-Pacific

5.3.1 Key Market Trends
5.3.2 Key Drivers and Opportunities.
5.3.3 Market Size and Forecast

5.3.3.1 Japan
5.3.3.2 China
5.3.3.3 Thailand
5.3.3.4 Indonesia
5.3.3.5 Rest of Apac

5.4 LAMEA

5.4.1 Key Market Trends
5.4.2 Key Drivers and Opportunities
5.4.3 Market Size and Forecast

5.4.3.1 Brazil
5.4.3.2 Middle East
5.4.3.3 Rest of LAMEA

About Us

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.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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

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