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Global Spa Market 2019-2023

Global Spa Market 2019-2023

About this market

Personalization of spa services is expected to help the market grow at an impressive rate. With the aim of delivering effective spa treatments, the spa industry focuses on providing personalized spa therapies or services. These services enable them to further enhance their treatment results. Technavio’s analysts have predicted that the spa market will register a CAGR of almost 6% by 2023.

Market Overview

Growing wellness tourism industry

The growing health and wellness consciousness are one of the major factors diving growth in the market. Many people opt for wellness tourism to travel to different countries for their physical, spiritual, and psychological well-being.

Homemade spa solutions at lower cost

Homemade solutions for spa treatment is a major challenge for the market. These solutions require low cost ingredients that are easily available at retail outlets. Thus, these homemade treatments have garnered momentum over the years among women, which is impacting the spa market.

For the detailed list of factors that will drive and challenge the growth of the spa market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including HOT SPRINGS RESORT & SPA and MARRIOT INTERNATIONAL the competitive environment is quite intense. Factors such as the increase in the availability of flotation therapy spa services and the increase in demand for organic and natural procedures, will provide considerable growth opportunities to spa companies. HOT SPRINGS RESORT & SPA, Lanserhof, Massage Envy Franchising, Rancho La Puerta, and MARRIOT INTERNATIONAL are some of the major companies covered in this report.

‘With the presence of a considerable number of companies, this market appears to be fragmented. The market research report will help clients identify new growth opportunities. The spa market is highly influenced by the emergence of several spa companies that offer services such as day or salon spa, hotel or resort spa, and the destination spa. Many vendors offer package spa treatments per customer requirements. Vendors also provide day packages.’


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Spa Market 2019-2023

Technavio recognizes the following companies as the key players in the global spa market: HOT SPRINGS RESORT & SPA, Lanserhof, Massage Envy Franchising, Rancho La Puerta, and MARRIOT INTERNATIONAL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the personalization of spa services.”

According to the report, one of the major drivers for this market is the growing wellness tourism industry.

Further, the report states that one of the major factors hindering the growth of this market is the availability of homemade spa solutions at lower cost.

Companies Mentioned

HOT SPRINGS RESORT & SPA

Lanserhof

MARRIOTT INTERNATIONAL

Massage Envy Franchising

Rancho La Puerta

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global wellness market
      • Table Segments of global wellness market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Day/club/salon spa - Market size and forecast 2018-2023
      • Table Day/club/salon spa - Market size and forecast 2018-2023 ($ billions)
      • Table Day/club/salon spa - Year-over-year growth 2019-2023 (%)
    • Hotel/resort spa - Market size and forecast 2018-2023
      • Table Hotel/resort spa - Market size and forecast 2018-2023 ($ billions)
      • Table Hotel/resort spa - Year-over-year growth 2019-2023 (%)
    • Destination spa - Market size and forecast 2018-2023
      • Table Destination spa - Market size and forecast 2018-2023 ($ billions)
      • Table Destination spa - Year-over-year growth 2019-2023 (%)
    • Medical spa - Market size and forecast 2018-2023
      • Table Medical spa - Market size and forecast 2018-2023 ($ billions)
      • Table Medical spa - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ billions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ billions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ billions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in Americas
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Personalization of spa services
    • Increase in the availability of flotation therapy spa services
    • Increase in demand for organic and natural procedures
    • Other trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • HOT SPRINGS RESORT & SPA
      • Table HOT SPRINGS RESORT & SPA - Vendor overview
      • Table HOT SPRINGS RESORT & SPA - Product segments
      • Table HOT SPRINGS RESORT & SPA - Organizational developments
      • Table HOT SPRINGS RESORT & SPA - Key offerings
    • Lanserhof
      • Table Lanserhof - Vendor overview
      • Table Lanserhof - Product segments
      • Table Lanserhof - Organizational developments
      • Table Lanserhof - Key offerings
    • MARRIOTT INTERNATIONAL
      • Table MARRIOTT INTERNATIONAL - Vendor overview
      • Table MARRIOTT INTERNATIONAL - Business segments
      • Table MARRIOTT INTERNATIONAL - Organizational developments
      • Table MARRIOTT INTERNATIONAL - Segment focus
      • Table MARRIOTT INTERNATIONAL - Key offerings
    • Massage Envy Franchising
      • Table Massage Envy Franchising - Vendor overview
      • Table Massage Envy Franchising - Product segments
      • Table Massage Envy Franchising - Organizational developments
      • Table Massage Envy Franchising - Key offerings
    • Rancho La Puerta
      • Table Rancho La Puerta - Vendor overview
      • Table Rancho La Puerta - Business segments
      • Table Rancho La Puerta - Organizational developments
      • Table Rancho La Puerta - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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