Spa Market Size, Share & Trends Analysis Report By Service Type (Hotel/Resorts Spa, Destination Spa, Day/Salon Spa, Medical Spa, Mineral Spring Spa), By Region, And Segment Forecasts, 2021 - 2028

Spa Market Growth Growth & Trends

Trends


The global spa market size is expected to reach USD 117.9 billion by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.1% from 2021 to 2028. Unhealthy lifestyles have increased the need for stress management, mental clarity, and system detoxification. The growing need to maintain a physically and mentally healthy lifestyle is expected to drive the market. Moreover, rising disposable incomes, changing lifestyles, and an increasing population are expected to propel market growth.

The coronavirus (COVID-19) pandemic had a significant impact on the industry, as businesses were forced to close or enforce stringent hygiene requirements and regulations for their workers and visitors. In a March 2020 survey of the spa industry professionals worldwide, 31.0% predicted that the number of spa visits decreased by more than 70.0% during the pandemic compared to the same period the previous year.

The ability to avoid unwanted interaction can lead to set new standards for the hotel industry. Sanitizers are the new tabletop focus and all staff members are expected to wear face masks and gloves. Hotel owners and asset managers are planning new SOPs and safety measures during the hotel closure and ensuring transparency and direct contact with guests.

New wellness-based digital platforms including online yoga sessions via live stream to customers, create an opportunity to invest in digital health. Companies are increasingly focusing on and investing in sponsorships and strategic partnerships as these growth strategies help target a larger audience and increase brand visibility. Also, these strategies allow companies to interact with the right audience. Moreover, the growing sustainability and popularity of brands aid in generating more revenue.

Spa Market Report Highlights

  • The hotel/resort spa segment dominated the market and accounted for the largest revenue share in 2020 due to the rising wellness tourism worldwide
  • On the other hand, the destination spa segment is likely to witness the fastest growth over the forecast period due to the growing demand for traditional spas such as Swedish, Ayurveda, and Turkish massage. The majority of people visit destination spas for week-long programs to -start their fitness or work on a particular problem
  • In 2020, Asia Pacific held a majority of the regional market share due to increasing disposable income, increase in wellness tourism, and availability of advanced technological infrastructure
  • In Europe, the market is expected to witness the fastest growth over the forecast period. Due to the growing trend among customers to control, minimize, and relieve stress, lose weight, and take a more positive and holistic approach to their wellbeing
  • The key players account for a considerable market share and have a strong presence across the globe. The growing trend of digitalization in the industry is increasing competition among players and is also presenting opportunities for new entrants in the market
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Chapter 1 Methodology & Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources and Third-Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.4.2 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Service Type Outlook
2.3 Regional Outlook
Chapter 3 Market Variables, Trends & Scope
3.1 Market Introduction
3.2 Impact of COVID-19 on Spa Market
3.3 Industry Value Chain Analysis
3.4 Market Dynamics
3.4.1 Driver Impact Analysis
3.4.1.1 Increase in hectic lifestyle in urban areas
3.4.1.2 Expansion of tourism sector
3.4.1.3 Innovative marketing strategies
3.4.2 Restraint Impact Analysis
3.4.2.1 High prices and strict regulation
3.4.2.2 Lack of trained personnel
3.4.3 Industry Challenges
3.4.4 Industry Opportunities
3.5 Business Environment Analysis
3.5.1 Industry Analysis: Porter’s Five Forces
3.6 Roadmap of Spa
3.7 Market Entry Strategies
3.8 Penetration & Growth Prospect Mapping
Chapter 4 Consumer Behavior Analysis
4.1 Consumer Trends & Preferences
4.2 Factors Affecting Buying Decision
4.3 Consumer Product Adoption
4.4 Observations & Recommendations
Chapter 5 Spa Market: Service Type Analysis and Estimates
5.1 Service Type Analysis & Market Share, 2019 & 2028
5.2 Hotel/Resorts Spa
5.2.1 Hotel/Resorts Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.3 Destination Spa
5.3.1 Destination Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.4 Day/Salon Spa
5.4.1 Day/Salon Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.5 Medical Spa
5.5.1 Medical Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
5.6 Mineral Spring Spa
5.6.1 Mineral Spring Market estimates and forecast, 2016 - 2028 (USD Billion)
5.7 Others
5.7.1 Others Market estimates and forecast, 2016 - 2028 (USD Billion)
Chapter 6 Spa Market: Regional Estimates & Trend Analysis
6.1 Regional Movement Analysis & Market Share, 2020 & 2028
6.2 North America
6.2.1 North America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.2 North America Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.2.3 U.S.
6.2.3.1 U.S. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.3.2 U.S. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.2.4 Canada
6.2.4.1 Canada Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.2.4.2 Canada Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3 Europe
6.3.1 Europe Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.2 Europe Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.3 U.K.
6.3.3.1 U.K. Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.3.2 U.K. Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.4 Germany
6.3.4.1 Germany Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.4.2 Germany Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.5 Italy
6.3.5.1 Italy Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.5.2 Italy Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.6 Spain
6.3.6.1 Spain Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.6.2 Spain Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.3.7 France
6.3.7.1 France Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.3.7.2 France Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4 Asia Pacific
6.4.1 Asia Pacific Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.2 Asia Pacific Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.3 Japan
6.4.3.1 Japan Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.3.2 Japan Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.4 China
6.4.4.1 China Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.4.2 China Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.4.5 India
6.4.5.1 India Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.4.5.2 India Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.5 Middle East & Africa
6.5.1 Middle East & Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.5.2 Middle East & Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.5.3 South Africa
6.5.3.1 South Africa Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.5.3.2 South Africa Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6 Central and South America
6.6.1 Central and South America Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.2 Central and South America Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6.3 Brazil
6.6.3.1 Brazil Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.3.2 Brazil Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
6.6.4 Mexico
6.6.4.1 Mexico Spa Market Estimates and Forecast, 2016 - 2028 (USD Billion)
6.6.4.2 Mexico Spa Market Estimates and Forecast, by Service Type, 2016 - 2028 (USD Billion)
Chapter 7 Competitive & Vendor Landscape
7.1 Key Global Players, Recent Developments, & their Impact on the Industry
7.2 Key Company Categorization
7.3 Vendor Landscape
7.3.1 Key company market share analysis, 2019
Chapter 8 Company Profiles
8.1 Emirates Palace Spa
8.1.1 Company Overview
8.1.2 Financial performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiatives
8.2 Planet Beach
8.2.1 Company Overview
8.2.2 Product Benchmarking
8.2.3 Strategic Initiatives
8.3 Hot Springs Resort & Spa
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.3.4 Strategic Initiatives
8.4 Four Seasons Hotels and Resorts
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Massage Envy
8.5.1 Company Overview
8.5.2 Product Benchmarking
8.5.3 Strategic initiatives
8.6 Lanserhof
8.6.1 Company Overview
8.6.2 Product benchmarking
8.6.3 Strategic initiatives
8.7 Jade Mountain
8.7.1 Company Overview
8.7.2 Product benchmarking
8.7.3 Strategic initiatives
8.8 Rancho La Puerta Inc
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.8.3 Strategic Initiatives
8.9 Mandarin Oriental Hotel Group
8.9.1 Company Overview
8.9.2 Financial performance
8.9.3 Product Benchmarking
8.9.4 Strategic Initiatives
8.10 Omni Hotels & Resorts
8.10.1 Company Overview
8.10.2 Product Benchmarking
8.10.3 Strategic Initiatives

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