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Spa in South Africa

Publisher GlobalData
Published Jun 28, 2024
Length 37 Pages
SKU # GBDT19324804

Description

Spa in South Africa


Summary

Spa in South Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • A spa is a facility that promotes well-being by providing therapeutic and other professional services aimed at renewing the body, mind, and spirit. The market value includes revenue generated by the market players in a specific year.
  • The South African spa market recorded revenues of $1,369.4 million in 2023, representing a compound annual growth rate (CAGR) of 11.6% between 2018 and 2023.
  • The hotel/resort spa segment accounted for the market's largest proportion in 2023, with total revenues of $1,012.2 million, equivalent to 73.9% of the market's overall value.
  • According to Stats SA, international tourist arrivals from January to December 2023 totaled 8.5 million, representing a remarkable 48.9% increase compared to the same period in 2022.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in South Africa
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in South Africa
  • Leading company profiles reveal details of key spa market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Africa spa market with five year forecasts
Reasons to Buy
  • What was the size of the South Africa spa market by value in 2023?
  • What will be the size of the South Africa spa market in 2028?
  • What factors are affecting the strength of competition in the South Africa spa market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Africa's spa market?

Table of Contents

37 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the new trends in the market?
7.4. What are some of the challenges faced by the leading players in the market?
8 Company Profiles
8.1. Fairmont Hotels & Resorts Inc
8.2. Mandara Spa LLC
8.3. The Saxon
8.4. Bushmans Kloof Wilderness Reserve & Wellness Retreat
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
10.4. About GlobalData
List of Tables
Table 1: South Africa spa market value: $ million, 2018-23
Table 2: South Africa spa market category segmentation: % share, by value, 2018-2023
Table 3: South Africa spa market category segmentation: $ million, 2018-2023
Table 4: South Africa spa market geography segmentation: $ million, 2023
Table 5: South Africa spa market value forecast: $ million, 2023-28
Table 6: Fairmont Hotels & Resorts Inc: key facts
Table 7: Fairmont Hotels & Resorts Inc: key employees
Table 8: Mandara Spa LLC: key facts
Table 9: The Saxon: key facts
Table 10: Bushmans Kloof Wilderness Reserve & Wellness Retreat: key facts
Table 11: South Africa size of population (million), 2019-23
Table 12: South Africa real gdp (constant 2010 prices, $ billion), 2019-23
Table 13: South Africa gdp (current prices, $ billion), 2019-23
Table 14: South Africa inflation, 2019-23
Table 15: South Africa consumer price index (absolute), 2019-23
Table 16: South Africa exchange rate, 2018-23
List of Figures
Figure 1: South Africa spa market value: $ million, 2018-23
Figure 2: South Africa spa market category segmentation: $ million, 2018-2023
Figure 3: South Africa spa market geography segmentation: % share, by value, 2023
Figure 4: South Africa spa market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the spa market in South Africa, 2023
Figure 6: Drivers of buyer power in the spa market in South Africa, 2023
Figure 7: Drivers of supplier power in the spa market in South Africa, 2023
Figure 8: Factors influencing the likelihood of new entrants in the spa market in South Africa, 2023
Figure 9: Factors influencing the threat of substitutes in the spa market in South Africa, 2023
Figure 10: Drivers of degree of rivalry in the spa market in South Africa, 2023

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