Global Spa Market 2020-2024
Technavio has been monitoring the spa market and it is poised to grow by $ 25.48 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on spa market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing wellness tourism industry and increase in adoption of facial, body, and hair treatments in spas. In addition, growing wellness tourism industry is anticipated to boost the growth of the market as well.
Technavio's spa market is segmented as below:
- Day/club/salon spa
- Hotel/resort spa
- Destination spa
- Medical spa
By Geographic Landscapes
- North America
- South America
This study identifies the increase in availability of flotation therapy spa services as one of the prime reasons driving the spa market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our spa market covers the following areas:
- Spa market sizing
- Spa market forecast
- Spa market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading spa market vendors that include Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc.. Also, the spa market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.