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United States (US) Spa Market Summary, Competitive Analysis and Forecast to 2027

Publisher GlobalData
Published Jul 07, 2023
Length 31 Pages
SKU # GBDT18156259

Description

United States (US) Spa Market Summary, Competitive Analysis and Forecast to 2027


Summary

Spa in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2017-22, and forecast to 2027). 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. Increased investment in technological advancements to provide personalized solutions and enhance the consumer experience is one of the major factor driving the market growth. Growing awareness of self-care and demand for stress relief and relaxation aids is another factor driving the growth.
  • The US spa market had total revenues of $18,934.6 million in 2022, representing a negative compound annual growth rate (CAGR) of 1.9% between 2017 and 2022.
  • The day/club/salon spa segment accounted for market's the largest proportion in 2022, with total revenues of $14,818.1 million, equivalent to 78.3% of the market's overall value.
  • The spa market started to rebound in 2021 and 2022 as vaccination rates improved and restrictions were gradually lifted. For instance, according to in-house research, the US travel & tourism industry grew by 21.4% in 2022 to reach a value of $1,685.3 billion
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in the United States
  • 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 United States spa market with five year forecasts
Reasons to Buy
  • What was the size of the United States spa market by value in 2022?
  • What will be the size of the United States spa market in 2027?
  • What factors are affecting the strength of competition in the United States spa market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the United States's spa market?

Table of Contents

31 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 strategies do leading players follow?
7.3. 24
7.4. 25
7.5. What have been the recent developments in the market?
8 Company Profiles
8.1. Massage Envy Franchising, LLC (formerly Massage Envy Limited, LLC)
8.2. Miraval Resort & Spa
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related GlobalData research
About GlobalData
List of Tables
Table 1: United States spa market value: $ million, 2017–22
Table 2: United States spa market category segmentation: % share, by value, 2017–2022
Table 3: United States spa market category segmentation: $ million, 2017-2022
Table 4: United States spa market geography segmentation: $ million, 2022
Table 5: United States spa market value forecast: $ million, 2022–27
Table 6: Massage Envy Franchising, LLC (formerly Massage Envy Limited, LLC): key facts
Table 7: Canyon Ranch: key facts
Table 8: Miraval Resort & Spa: key facts
Table 9: United States size of population (million), 2018–22
Table 10: United States gdp (constant 2005 prices, $ billion), 2018–22
Table 11: United States gdp (current prices, $ billion), 2018–22
Table 12: United States inflation, 2018–22
Table 13: United States consumer price index (absolute), 2018–22
Table 14: United States exchange rate, 2018–22
List of Figures
Figure 1: United States spa market value: $ million, 2017–22
Figure 2: United States spa market category segmentation: $ million, 2017-2022
Figure 3: United States spa market geography segmentation: % share, by value, 2022
Figure 4: United States spa market value forecast: $ million, 2022–27
Figure 5: Forces driving competition in the spa market in the United States, 2022
Figure 6: Drivers of buyer power in the spa market in the United States, 2022
Figure 7: Drivers of supplier power in the spa market in the United States, 2022
Figure 8: Factors influencing the likelihood of new entrants in the spa market in the United States, 2022
Figure 9: Factors influencing the threat of substitutes in the spa market in the United States, 2022
Figure 10: Drivers of degree of rivalry in the spa market in the United States, 2022

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