Report Description

Forecast Period

2023-2028

Market Size (2022)

USD 84.35 billion

CAGR (2023-2028)

12.75%

Fastest Growing Segment

Men

Largest Market

Europe

Market Overview

Global Spa Services market has valued at USD 84.35 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 12.75% through 2028. The global spa market has experienced remarkable growth in recent years, driven by a convergence of factors that cater to the growing demand for relaxation, wellness, and self-care. With lifestyles becoming increasingly fast-paced and stress-laden, people are seeking refuge in spa services as a means to unwind, rejuvenate, and prioritize their overall well-being. Spa services are a collective word for a variety of treatments that refresh the mind and body, including facials, body massages, manicures, pedicures, body treatments, and others. These individualized services are effectively created to provide their end consumers with wellness, pleasure, health, and fitness. Additionally, they help with stress management, medical conditions, bodily detoxification, weight loss, and immune system stimulation. The adoption of hybrid spa technology, which relies on its gas-generated hybrid system to maintain the spa's temperature, is only one of the ongoing advancements that have impacted the worldwide spa services market. Compared to conventional heating systems of this type, the technique uses less carbon and other chemicals and is also more affordable.

Key Market Drivers

Rising Focus Towards Wellness

In an age where stress, sedentary lifestyles, and mental health issues are prevalent, individuals are seeking comprehensive solutions to achieve a state of holistic well-being. Spa services have emerged as a sanctuary for wellness, providing a range of treatments and experiences that address both physical and mental health. The emphasis on relaxation, stress reduction, and rejuvenation has resonated with consumers seeking an escape from the demands of modern life.

Massage therapies, such as Swedish, deep tissue, and aromatherapy massages, offer not only relaxation but also muscle tension relief and improved blood circulation. These benefits align with the growing awareness of the importance of maintaining good physical health.

Moreover, spa services have evolved to include holistic practices like meditation, mindfulness, and yoga. These practices cater to the mental well-being of individuals, offering tools to manage stress, anxiety, and emotional imbalances. The wellness focus of spas aligns with the broader societal shift toward preventive health measures and self-care, positioning them as destinations for both relaxation and holistic wellness.

Lifestyle Changes and Urbanization

The rise of urbanization and fast-paced lifestyles has led to increased stress and reduced personal time. As people adapt to bustling city lives, the need for relaxation and rejuvenation becomes more pronounced. Spas provide a haven for individuals to disconnect from the chaos and embrace tranquility.

Urbanization has also contributed to a sedentary lifestyle, leading to physical discomfort and health issues. Spa services, including therapeutic massages and hydrotherapy, offer remedies for these ailments. The market's growth is thus fueled by the urban population's yearning for balance in the face of rapid urbanization.

Increased Disposable Income

As economies grow and incomes rise, individuals have more disposable income to spend on leisure activities and experiences. Spa services, once considered a luxury accessible only to a select few, have become more attainable for a broader demographic. This increase in spending power has facilitated the growth of the spa market by expanding its customer base and encouraging repeat visits.

The perception of spa services has shifted from being an occasional treat to a regular self-care practice. People are willing to invest in their well-being, recognizing the value of spa treatments in maintaining physical health, mental equilibrium, and overall quality of life.

Tourism and Hospitality Integration

The tourism and hospitality sectors have recognized the allure of spa services as a means to enhance the guest experience. Resorts, hotels, and cruise ships now incorporate spa facilities as part of their offerings to attract tourists seeking relaxation and rejuvenation during their travels.

This integration has led to the diversification of spa services to cater to different traveler preferences. Destination spas focus on comprehensive wellness programs, while resort spas offer a blend of relaxation and recreation. This synergy between the spa industry and the tourism sector has contributed to the market's growth on a global scale, as travelers seek both adventure and relaxation.

Technological Advancements and Innovation

The spa industry has embraced technological advancements to enhance the customer experience and offer innovative treatments. From state-of-the-art equipment for advanced facials to immersive sensory experiences, technology has elevated the quality and range of spa services. Innovation extends beyond equipment to treatment methodologies. Many spas now offer personalized experiences, tailoring treatments to individual preferences and needs. Customization not only increases customer satisfaction but also encourages repeat visits.

Additionally, the integration of medical and therapeutic services within spa settings has attracted a segment of individuals seeking specialized treatments. Medical spas, for instance, offer aesthetic procedures under the supervision of medical professionals. This convergence of wellness, medical expertise, and technology has expanded the market's scope and appeal.

Thus, the growth of the spa service market can be attributed to a convergence of factors that cater to the modern individual's desire for relaxation, well-being, and self-care. The wellness focus, lifestyle changes, increased disposable income, tourism integration, and technological innovations have collectively contributed to the expansion and evolution of the spa industry into a global phenomenon. As consumer preferences continue to evolve, the spa market is likely to adapt and innovate, ensuring its continued relevance in the realm of holistic wellness and relaxation.


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Key Market Challenges

Market Saturation and Competition

One of the primary challenges facing the spa service market globally is the increasing saturation and intense competition within the industry. As the demand for spa services continues to rise, numerous establishments are entering the market to capitalize on the growing trend. This influx of spas, wellness centers, and beauty salons offering similar services can lead to oversaturation in certain regions.

Market saturation can result in several adverse effects. Fierce competition often leads to price wars, wherein businesses lower their prices to attract customers, ultimately affecting the overall profitability of the industry. Moreover, with numerous options available, customers might find it difficult to differentiate between different spa establishments, leading to a dilution of brand value and customer loyalty.

To overcome this challenge, spa businesses must focus on differentiation and innovation. Offering unique and specialized services, incorporating advanced technologies, and developing strong brand identities can help set them apart from the competition. Emphasizing the quality of services and the overall customer experience can also foster customer loyalty and positive word-of-mouth referrals.

Regulatory Compliance and Quality Assurance

Another significant challenge facing the spa service market globally is the need to comply with varying regulations and quality standards across different regions and jurisdictions. The spa industry involves the use of various products, equipment, and techniques that require adherence to health, safety, and hygiene standards. These regulations can vary significantly from country to country and even within different states or provinces.

Maintaining consistent quality and adhering to regulations is crucial for building trust with customers and ensuring their safety. Non-compliance can lead to legal issues, reputational damage, and even the closure of establishments. Moreover, the lack of standardized regulations can create confusion among consumers, making it difficult for them to identify establishments that meet high-quality standards.

To address this challenge, spa businesses need to invest in training and education for their staff to ensure they are knowledgeable about regulations and industry best practices. Regular inspections and audits can help maintain compliance. Collaborating with industry associations and local authorities can also provide guidance on regulatory requirements and facilitate the development of standardized quality standards.

Changing Consumer Preferences and Trends

The spa service market is highly influenced by evolving consumer preferences and wellness trends. Consumer preferences can shift rapidly, driven by factors such as changing lifestyles, cultural influences, and emerging wellness concepts. Spa businesses need to continuously adapt to these changing preferences to remain relevant and competitive.

For instance, the demand for certain types of treatments, such as traditional massages or specific wellness therapies, can rise or decline based on shifting consumer perceptions of their benefits. The rise of new wellness trends, such as holistic wellness retreats, digital detox programs, or eco-friendly practices, can also impact consumer expectations from spa services.

To address this challenge, spa businesses must stay attuned to market trends and consumer preferences. Regular market research, customer feedback analysis, and monitoring industry developments can help them anticipate shifts in demand and tailor their offerings accordingly. Flexibility and the ability to introduce new services or modify existing ones are essential to meeting evolving consumer expectations.

Key Market Trends

Personalization and Customization

Customization and personalization allow spas to cater to a broader spectrum of client preferences and requirements. From specific skincare concerns to individual wellness goals, spas can now offer treatments that resonate with clients on a deeply personal level. This inclusivity attracts a diverse clientele, including those who might have previously felt excluded or underserved by traditional spa offerings. By offering tailored experiences, spas elevate the overall customer experience. Clients feel valued when their unique needs are recognized and addressed. This not only creates a sense of personal connection but also fosters a positive perception of the spa's commitment to their well-being.

In a competitive market, offering personalized experiences sets a spa apart from the crowd. When clients recognize that a spa is willing to go the extra mile to tailor treatments, they are more likely to choose that spa over others. This unique selling proposition can become a key factor in attracting and retaining loyal customers. Customized experiences foster a strong sense of loyalty among clients. When individuals feel that their well-being is genuinely prioritized, they are more likely to return to the spa for future treatments. Additionally, they are more inclined to recommend the spa to friends and family, acting as advocates for the brand. In essence, customization and personalization have expanded the spa service market by making it more accessible, relevant, and enticing to a diverse range of customers. By offering tailored experiences that resonate with individual needs and preferences, spas are not only boosting their revenue but also contributing to the overall well-being and satisfaction of their clients. This trend is likely to continue shaping the industry's growth trajectory as consumers increasingly seek personalized wellness solutions.

Technology Integration

Technology integration is playing a pivotal role in the expansion of the spa service market by enhancing customer experiences, streamlining operations, and offering innovative treatments. Technology enables spas to engage with customers before, during, and after their visits. Online booking systems, mobile apps, and websites make scheduling appointments seamless. This convenience encourages more customers to explore spa services, thereby expanding the potential client base. Technology has made it possible for spas to offer virtual consultations, allowing customers to discuss their needs and concerns with experts remotely. This eliminates geographical barriers and encourages a broader audience to access spa services.

Moreover, technology allows spas to collect and analyze customer data, enabling them to personalize treatments, product recommendations, and services based on individual preferences, skin types, and wellness goals. This level of personalization not only increases customer satisfaction but also attracts tech-savvy consumers seeking tailored experiences. High-tech treatments like LED therapy, cryotherapy, and infrared saunas have become popular spa offerings. These treatments leverage technology to provide unique and effective experiences that appeal to individuals seeking advanced wellness solutions. Wearable devices and wellness apps allow customers to track their progress and monitor their well-being even outside of spa visits. Spas can integrate with these technologies, providing a holistic wellness approach that extends beyond individual treatments.

Thus, technology integration is expanding the spa service market by creating more convenient, personalized, and innovative experiences for customers. By leveraging the power of digital tools, spas are not only enhancing their service offerings but also tapping into new customer segments and boosting overall business growth. As technology continues to advance, the spa industry will likely find even more creative ways to integrate tech solutions and elevate the wellness experience for clients.

Segmental Insights

Service Type Insights

Over the projection period, based on service type, the market is divided into massage, beauty/grooming, physical fitness, and others (hydrotherapy, diet, and others). Spas are recognized for providing massage services, including full-body, foot, hot stone, Thai, prenatal, and couple massages accessible as per customer request, to relax the muscles in the body. However, the increased popularity of beautification is helping facials, manicures, pedicures, and other grooming services. Opportunities in the fitness sector are growing as a result of increased awareness of fitness, which is driving up demand for yoga and breathing exercises.

End User Insights

Based on end-user, the market is segmented into men and women. The majority of customers for personal care services are women, who also account for a large portion of the market. Additionally, the demand for anti-aging skincare services among women consumers is growing, along with their growing concerns about skin ageing, which is propelling segmental revenues internationally. The number of women worldwide 65 years of age and older climbed from 3.89 billion in 2020 to 3.92 billion in 2021, according to survey data published by the World Bank Group, an international financial institution. However, the growing grooming trend among men will probably fuel the expansion of the men market. Several companies are coming up with the centers dedicated only for male customers, such as New Paradise Men's Spa based in New York, U.S. that offers massage, and facials that are specifically designed by men only for men customers. Therefore, the growing adoption of massage and beauty services by men is likely to push overall market growth.


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Regional Insights

Over the projection period, Europe is expected to hold a dominant spa services market share, owing to increasing disposable income of the populace. Increased spending on health owing to increased awareness regarding wellbeing in the region also contributes to greater market penetration. Moreover, growing travel and tourism activities in European countries, such as France and Germany, is further driving the regional market growth. The government initiatives and favorable regulatory environment are further boosting the market growth. With the increasing popularity of wellness among ordinary people, many spa vendors in Europe have developed a wide range of services to encourage healthy living.

Recent Developments

  • In 2022 - Monomoy Capital Partners LP, a private equity firm, acquired Nordic Products Inc., a West-Michigan, U.S.-based hot tub manufacturer’s 111,000 sq. ft. facility. The facility operates in the affordable-luxury residential massage hot tub industry in North America and Europe. The acquisition would help the company expand its business in America.
  • In 2022 - Arch Amenities Group, a global provider of amenity, meeting, and wellness services, acquired Innovative Spa Management, a U.S.-based spa clinic management company, and others such as Privai LLC and Spa Space to adopt dynamic technology platform for its operations management and increase its clientele base.
  • In 2021 - Zenoti, a Cloud-based spa and salon software supplier announced a strategic partnership with Sutherland Global. This strategic plan allows the company to improve the customer experience by expanding real-time service in both chat and phone-based platforms to address a large portion of customer support issues in minutes.

Key Market Players

  • Planet Beach
  • Hot Springs Resort and Spa
  • Four Seasons Hotel Limited
  • Massage Envy
  • Lanserhof
  • Jade Mountain
  • Rancho La Puerta
  • Mandarin Oriental Hotel Group
  • Omni Hotels & Resorts
  • Emirates Palace Spa

 By Type

By Service Type

By End-User

By Region

  • Salon Spa
  • Hotel Spa
  • Medical Spa
  • Destination Spa
  • Mineral Spa Others
  • Massage
  • Beauty/Grooming
  • Physical Fitness
  • Others
  • Women
  • Men
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the global Spa services market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Spa Services Market, By Service Type:

o   Salon Spa

o   Hotel Spa

o   Medical Spa

o   Destination Spa

o   Mineral Spa Others

  • Spa Services Market, By Service Type:

o   Massage

o   Beauty/Grooming

o   Physical Fitness

o   Others

  • Spa Services Market, By End -user:

o   Women

o   Men

  • Spa Services Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Spa Services Market.

Available Customizations:

Global Spa Services Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Spa Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customers

4.1.  Factors Influencing Services Availing Decisions

4.2.  Brand Awareness

4.3.  Frequency of Availing Services

5.    Global Spa Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, Mineral Spa, Others)

5.2.2.    By Service Type Market Share Analysis (Massage, Beauty/Grooming, Physical Fitness, Others)

5.2.3.    By End-User Industry Market Share Analysis (Women and Men)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        South America Market Share Analysis

5.2.4.3.        Middle East & Africa Market Share Analysis

5.2.4.4.        Europe Market Share Analysis

5.2.4.5.        Asia-Pacific Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Spa Services Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Service Type Market Mapping & Opportunity Assessment

5.3.3.    By End-User Industry Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    North America Spa Services Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Service Type Market Share Analysis

6.2.3.    By End-User Industry Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        United States Spa Services Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Type Market Share Analysis

6.2.4.1.2.2.               By Service Type Market Share Analysis

6.2.4.1.2.3.               By End-User Industry Market Share Analysis

6.2.4.2.        Canada Spa Services Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Type Market Share Analysis

6.2.4.2.2.2.               By Service Type Market Share Analysis

6.2.4.2.2.3.               By End-User Industry Market Share Analysis

6.2.4.3.        Mexico Spa Services Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Type Market Share Analysis

6.2.4.3.2.2.               By Service Type Market Share Analysis

6.2.4.3.2.3.               By End-User Industry Market Share Analysis

7.    Europe Spa Services Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Service Type Market Share Analysis

7.2.3.    By End-User Industry Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        France Spa Services Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Type Market Share Analysis

7.2.4.1.2.2.               By Service Type Market Share Analysis

7.2.4.1.2.3.               By End-User Industry Market Share Analysis

7.2.4.2.        Germany Spa Services Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Type Market Share Analysis

7.2.4.2.2.2.               By Service Type Market Share Analysis

7.2.4.2.2.3.               By End-User Industry Market Share Analysis

7.2.4.3.        Spain Spa Services Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Type Market Share Analysis

7.2.4.3.2.2.               By Service Type Market Share Analysis

7.2.4.3.2.3.               By End-User Industry Market Share Analysis

7.2.4.4.        Italy Spa Services Market Outlook

7.2.4.4.1.           Market Size & Forecast

7.2.4.4.1.1.               By Value

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Type Market Share Analysis

7.2.4.4.2.2.               By Service Type Market Share Analysis

7.2.4.4.2.3.               By End-User Industry Market Share Analysis

7.2.4.5.        United Kingdom Spa Services Market Outlook

7.2.4.5.1.           Market Size & Forecast

7.2.4.5.1.1.               By Value

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Type Market Share Analysis

7.2.4.5.2.2.               By Service Type Market Share Analysis

7.2.4.5.2.3.               By End-User Industry Market Share Analysis

8.    Asia-Pacific Spa Services Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Service Type Market Share Analysis

8.2.3.    By End-User Industry Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        China Spa Services Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Type Market Share Analysis

8.2.4.1.2.2.               By Service Type Market Share Analysis

8.2.4.1.2.3.               By End-User Industry Market Share Analysis

8.2.4.2.        Japan Spa Services Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Type Market Share Analysis

8.2.4.2.2.2.               By Service Type Market Share Analysis

8.2.4.2.2.3.               By End-User Industry Market Share Analysis

8.2.4.3.        India Spa Services Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Type Market Share Analysis

8.2.4.3.2.2.               By Service Type Market Share Analysis

8.2.4.3.2.3.               By End-User Industry Market Share Analysis

8.2.4.4.        Vietnam Spa Services Market Outlook

8.2.4.4.1.           Market Size & Forecast

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Type Market Share Analysis

8.2.4.4.2.2.               By Service Type Market Share Analysis

8.2.4.4.2.3.               By End-User Industry Market Share Analysis

8.2.4.5.        South Korea Spa Services Market Outlook

8.2.4.5.1.           Market Size & Forecast

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Type Market Share Analysis

8.2.4.5.2.2.               By Service Type Market Share Analysis

8.2.4.5.2.3.               By End-User Industry Market Share Analysis

9.    Middle East & Africa Spa Services Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Service Type Market Share Analysis

9.2.3.    By End-User Industry Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        South Africa Spa Services Market Outlook

9.2.4.1.1.           Market Size & Forecast

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Type Market Share Analysis

9.2.4.1.2.2.               By Service Type Market Share Analysis

9.2.4.1.2.3.               By End-User Industry Market Share Analysis

9.2.4.2.        Saudi Arabia Spa Services Market Outlook

9.2.4.2.1.           Market Size & Forecast

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Type Market Share Analysis

9.2.4.2.2.2.               By Service Type Market Share Analysis

9.2.4.2.2.3.               By End-User Industry Market Share Analysis

9.2.4.3.        UAE Spa Services Market Outlook

9.2.4.3.1.           Market Size & Forecast

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Type Market Share Analysis

9.2.4.3.2.2.               By Service Type Market Share Analysis

9.2.4.3.2.3.               By End-User Industry Market Share Analysis

9.2.4.4.        Turkey Spa Services Market Outlook

9.2.4.4.1.           Market Size & Forecast

9.2.4.4.1.1.               By Value

9.2.4.4.2.           Market Share & Forecast

9.2.4.4.2.1.               By Type Market Share Analysis

9.2.4.4.2.2.               By Service Type Market Share Analysis

9.2.4.4.2.3.               By End-User Industry Market Share Analysis

10. South America Spa Services Market Outlook

10.1.   Market Size & Forecast        

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Service Type Market Share Analysis

10.2.3. By End-User Industry Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Argentina Spa Services Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Type Market Share Analysis

10.2.4.1.2.2.            By Service Type Market Share Analysis

10.2.4.1.2.3.            By End-User Industry Market Share Analysis

10.2.4.2.     Colombia Spa Services Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Type Market Share Analysis

10.2.4.2.2.2.            By Service Type Market Share Analysis

10.2.4.2.2.3.            By End-User Industry Market Share Analysis

10.2.4.3.     Brazil Spa Services Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Type Market Share Analysis

10.2.4.3.2.2.            By Service Type Market Share Analysis

10.2.4.3.2.3.            By End-User Industry Market Share Analysis

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1.   Company Profiles

13.1.1. Planet Beach

13.1.1.1.     Company Details

13.1.1.2.     Products & Services

13.1.1.3.     Financials (As Per Availability)

13.1.1.4.     Key Market Focus & Geographical Presence

13.1.1.5.     Recent Developments

13.1.1.6.     Key Management Personnel

13.1.2. Hot Springs Resort and Spa

13.1.2.1.     Company Details

13.1.2.2.     Products & Services

13.1.2.3.     Financials (As Per Availability)

13.1.2.4.     Key Market Focus & Geographical Presence

13.1.2.5.     Recent Developments

13.1.2.6.     Key Management Personnel

13.1.3. Four Seasons Hotel Limited

13.1.3.1.     Company Details

13.1.3.2.     Products & Services

13.1.3.3.     Financials (As Per Availability)

13.1.3.4.     Key Market Focus & Geographical Presence

13.1.3.5.     Recent Developments

13.1.3.6.     Key Management Personnel

13.1.4. Massage Envy

13.1.4.1.     Company Details

13.1.4.2.     Products & Services

13.1.4.3.     Financials (As Per Availability)

13.1.4.4.     Key Market Focus & Geographical Presence

13.1.4.5.     Recent Developments

13.1.4.6.     Key Management Personnel

13.1.5. Lanserhof

13.1.5.1.     Company Details

13.1.5.2.     Products & Services

13.1.5.3.     Financials (As Per Availability)

13.1.5.4.     Key Market Focus & Geographical Presence

13.1.5.5.     Recent Developments

13.1.5.6.     Key Management Personnel

13.1.6. Jade Mountain

13.1.6.1.     Company Details

13.1.6.2.     Products & Services

13.1.6.3.     Financials (As Per Availability)

13.1.6.4.     Key Market Focus & Geographical Presence

13.1.6.5.     Recent Developments

13.1.6.6.     Key Management Personnel

13.1.7. Rancho La Puerta

13.1.7.1.     Company Details

13.1.7.2.     Products & Services

13.1.7.3.     Financials (As Per Availability)

13.1.7.4.     Key Market Focus & Geographical Presence

13.1.7.5.     Recent Developments

13.1.7.6.     Key Management Personnel

13.1.8. Mandarin Oriental Hotel Group

13.1.8.1.     Company Details

13.1.8.2.     Products & Services

13.1.8.3.     Financials (As Per Availability)

13.1.8.4.     Key Market Focus & Geographical Presence

13.1.8.5.     Recent Developments

13.1.8.6.     Key Management Personnel

13.1.9. Omni Hotels & Resorts

13.1.9.1.     Company Details

13.1.9.2.     Products & Services

13.1.9.3.     Financials (As Per Availability)

13.1.9.4.     Key Market Focus & Geographical Presence

13.1.9.5.     Recent Developments

13.1.9.6.     Key Management Personnel

13.1.10.              Emirates Palace Spa

13.1.10.1.  Company Details

13.1.10.2.  Products & Services

13.1.10.3.  Financials (As Per Availability)

13.1.10.4.  Key Market Focus & Geographical Presence

13.1.10.5.  Recent Developments

13.1.10.6.  Key Management Personnel

14. Strategic Recommendations/Action Plan

14.1.   Key Focus Areas

14.2.   Target Service Type

14.3.   Target End-User

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global Spa Services market is estimated to be USD 84.35 billion in 2022.

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The hotel/resorts spa segment held a majority of the market share in 2020 owing to the rising wellness tourism around the world.

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During the projection period, the largest market share belongs to the women's market, which is supported by the increasing availability of feminine goods and services in Spas all over the world. In addition, women often pay more for services than men do.

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The rise in hectic lifestyle in urban areas, growth in inbound & outbound tourism for the purpose of wellness, rising demand from emerging markets, and awareness are the factors propelling the spa market growth.

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Parvati Sharma

Account Manager BD
Press Release

Spa Services Market to Grow with a CAGR of 12.75% through 2028

Nov, 2023

Rising focus on wellness and relaxation, appeal to both physical and mental health are the factors driving the global Spa services market in the forecast period 2024-2028.