Spa Services Market Expected to Reach $154.6 Billion, Globally, By Top Key Players: Four Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC, Six Senses Hotels Resorts Spas, Clarins Day Spa, Belmond Maro

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.

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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.

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.

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. With the spa industry undergoing rigorous growth, the innovative marketing & positioning strategies are expected to increase in future in order to create diversity and attract consumers.

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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.

The global spa services market is restrained by the lack of presence of skilled labor. Presently, in majority of the developing countries the massage therapists employed in the spas lack professional training required to deliver effective and satisfactory spa facilities. Moreover, spas have to incur huge cost in order to employ well trained therapists. Owing to rising competition in the market, spa owners have started to invest into spa education such as on the job training programs of international standards for better service. Thus, in order to deliver better services & customer satisfaction the spas would continue to invest more on education and training of the employees.

Major market players in the global spa service market include Emirates Palace, Four Seasons Hotel Limited, Trailhead Spa, Massage Envy Franchising LLC, Jade Mountain, Six Senses Hotels Resorts Spas, Clarins Group, Lanserhof Tegernsee, Belmond Maroma Resort & Spa and Gaia Retreat & Spa. These players are focused on delivering customized and innovative services targeted to gain more customers. The customization is based on factors such as brands of products used, duration of service and others. Spas also invest in imparting professional training programs to their employed therapists to improve the quality of services delivered. Investments in various support services such as restaurants, lounges, and fitness centers, is being carried out by destination and other spas, which attracts more customers.

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.

List of Figures

FIG. 1 TOP IMPACTING FACTORS FOR THE WORLD SPA SERVICES MARKET
FIG. 2 TOP WINNING STRATEGIES IN WORLD SPA SERVICES MARKET
FIG. 3 TOP INVESTMENT POCKETS (SERVICE TYPE)
FIG. 4 VALUE CHAIN ANALYSIS OF WORLD SPA SERVICES MARKET
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 MARKET PLAYER POSITIONING OF WORLD SPA SERVICES MARKET, 2015
FIG. 7 COMPARITIVE MARKET SHARE ANALYSIS OF WORLD SPA SERVICES MARKET BY PRODUCT TYPE, 2014& 2022 (%)
FIG. 8 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD SALON SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 9 WORLD SALON SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 10 WORLD SALON SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 11 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD HOTEL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 12 WORLD HOTEL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 13 WORLD HOTEL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 14 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD MEDICAL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 15 WORLD MEDICAL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 16 WORLD MEDICAL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 17 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD DESTINATION SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 18 WORLD DESTINATION SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 19 WORLD DESTINATION SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 20 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD MINERAL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 21 WORLD MINERAL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 22 WORLD MINERAL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 23 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD OTHER SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 24 WORLD OTHER SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 25 WORLD OTHER SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD SPA SERVICES MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 27 COMPARITIVE MARKET SHARE ANALYSIS OF NORTH AMERICA SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 28 UNITED STATES SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 29 CANADA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 30 MEXICO SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 31 COMPARITIVE MARKET SHARE ANALYSIS OF EUROPE SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 32 GERMANY SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 33 RUSSIA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 34 FRANCE SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 35 REST OF EUROPE SPA SERVICES MARKET REVENUE, 2014-2022 $MILLION)
FIG. 36 COMPARITIVE MARKET SHARE ANALYSIS OF APAC SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 37 JAPAN SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 38 CHINA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 39 THAILAND SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 40 INDONESIA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 41 REST OF APAC SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 42 COMPARITIVE MARKET SHARE ANALYSIS OF LAMEA SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 43 BRAZIL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 44 MIDDLE EAST SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 45 REST OF LAMEA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)

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