Press release
Spa Market to Reach USD 17.83 Bn by 2029, emerging at a CAGR of 5.81 percent and forecast 2023-2029
Spa Market
This comprehensive report delves into the dynamic landscape of the global Spa market, offering valuable insights into market values, report scope, research methodology, drivers, restraints, and regional trends.
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Spa Market Research Methodology:
Our research methodology harnesses real-world data, incorporating 2022 metrics related to demand, supply, and consumption. We also incorporate estimations based on authentic data from key industry players and influential global contributors. Additionally, our methodology draws from historical data spanning from 2018 to 2020, with a keen emphasis on assessing the market's response to the challenges posed by lockdowns in 2020 and 2021.
What are Spa Market Dynamics:
According to the Centers for Disease Control and Prevention, asthma affects 7.6% of adults aged 18 and up, or around 0.0184 billion persons in the United States. Asthmatic patients benefit from an increase in spending on soothing therapies such as sauna and spa treatments. Furthermore, increased per capita income, improved living standards, and changing lifestyle trends around the world are important drivers projected to drive the target market's growth.
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Spa Market Regional Insights:
Asia Pacific: The Asia Pacific region claimed the largest market share, accounting for 30.52% in 2022, and is projected to grow at a CAGR of 5.62% during the forecast period. The region's rising disposable income, improved lifestyle, and rapid expansion of the tourism industry in countries like India and China are pivotal factors contributing to the spa market's growth in this region.
North America: North America is poised to witness the highest CAGR of 6.47% during the forecast period, expected to hold a market share exceeding 34.6%. Americans have embraced spa visits as a means to alleviate the stresses of daily life. In 2022, the U.S. spa industry reported a staggering 0.124 billion visitors, underlining the region's prominence within the global spa industry. In the same year, approximately 366 thousand employees were employed in the North American spa sector.
What is Spa Market Segmentation:
by Type
Salon Spa
Hotel Spa
Medical Spa
Destination Spa
Mineral Spa
Others
by End-user
Women
Men
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Who are Spa Market Key Players:
1. Planet Beach
2. Hot Springs Resort and Spa
3. Four Seasons Hotel Limited
4. Massage Envy
5. Lanserhof
6. Jade Mountain
7. Rancho La Puerta
8. Mandarin Oriental Hotel Group
9. Omni Hotels and Resorts
10. Emirates Palace Spa
11. Mayfair Pevonia Spa
12. Kaya Kalp - the Royal Spa
13. Angsana Oasis Spa
14. The Spa at Ranbanka
15. Ananda in the Hills
Table of content for the Spa Market includes:
Spa Market: Research Methodology
Spa Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Spa Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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