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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)

10-12-2018 05:21 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. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment and others provided under expert administrations that revitalizes the brain and body.

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These personalized services are efficiently designed to deliver fitness, peace of mind, pleasure, health, and wellness to its end users. Moreover, they are beneficial in managing stress, treating medical ailments, detoxifying the body, reducing weight, and boosting the immune system. The global spa services market is witnessing constant innovations such as use of hybrid spa technology, which utilizes its gas generated hybrid system to keep the spa heated up. The technology involves lesser usage of carbon and other chemicals, compared to other such heating systems and is cost effective as well.

The market is driven by hectic lifestyle in urban areas, rising demand from emerging markets, new developments in spa services, and rising demand from teenagers. Lucrative opportunities prevail in the spa industry owing to rising percentage of geriatric population and increasing demand from emerging markets. However, the market growth is hindered by high cost of skilled therapy professionals and low penetration in the underdeveloped countries.

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The report segments the global spa services market on the basis of type and geography. According to type, it is classified into salon spa, hotel spa, destination spa, medical spa, mineral/thermal spa, and other spas (airport spa and cruise spa). In, 2015 salon spa occupied a prominent market share owing to affordable services offered by them. Geographic breakdown of the market includes North America (US, Canada, Mexico), Europe (Germany, Russia, France and Rest of Europe), Asia-Pacific (China, Japan, Thailand, Indonesia, Rest of Asia-Pacific), and LAMEA (Brazil, Middle East, Rest of LAMEA).

The hotel spa segment would emerge as one of the most lucratively growing segments in the global spa services market during the analysis period. Rapid growth in travel & tourism industry will continue to generate significant revenue for this segment. Ongoing investments into tourism infrastructure majorly in countries of Middle East and Asia would also act as growth accelerator for hotel spa services market in the coming years. Moreover, the global spa services market is also witnessing launches of new budget hotel spas, where the pricing policies are designed in order to target potential customers from middle-income class groups.

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Destination spa has also gained considerable popularity owing to rising demand of traditional spas such as Ayurvedic, Swedish, and Turkish massage. Growth in inbound & outbound tourism for the purpose of wellness is also driving the growth of destination spa service market.

Players operating in the market have consistently adopted innovative marketing strategies in order to gain a competitive advantage. Companies have regularly involved themselves in promoting spa services not only amongst higher income groups but also in middle income groups through adjusting their pricing policies. The players have enhanced the operations and support services to build a better brand image. Major support services include spa consulting, spa education, capital investments and investments on exquisite and signature cuisines which attracts huge number of visitors.

Rising demand from emerging markets is expected to propel the demand for spa in future owed to rising personal disposable income of the people. Moreover, developing economies are also witnessing a rise in number of working population which is exhibiting high stress levels and unhealthy lifestyles. Thus, need for stress management is contributing to the demand of spa in these countries. In order to meet the rising demand for spa facilities, the trend for budget spas is getting prevalent in emerging markets.

Table of Content:

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.

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