Spa Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Spa Services Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Spa Services Market

The spa services market size was valued at USD 87.63 billion in 2023, and the market is now projected to grow from USD 99.79 billion in 2024 to USD 375.54 billion by 2032, exhibiting a CAGR of 18.02% during the forecast period of 2024-2032.

The COVID-19 pandemic forced spas and well-being facilities to shut briefly, inflicting revenue losses because of lockdowns and regulations. Consumer call for spa offerings declined due to concerns about near touch, leading to a shift towards at-domestic well-being practices. Businesses in the spa-provider marketplace faced challenges maintaining profitability amid decreased foot traffic and confined operations. The pandemic spurred a fashion of DIY treatments and domestic-based totally wellbeing exercises amongst customers in search of alternative approaches to take care of their properly-being.

The high cost of spa offerings can deter patron frequency and restriction market growth, mainly for treatments out of reach for lots. Stringent regulations, consisting of fitness and safety standards, pose demanding situations to innovation and marketplace growth. Compliance with authorities’ rules requires big sources and can preclude operational flexibility. Concerns about safety and abuse incidents at spa centers further effect consumer visits and create employment protection challenges, affecting enterprise boom potential.

The growing call for splendor services among young adults, in particular earlier than special occasions, is driving marketplace increase. Spa and beauty facility owners are catering to this demographic with specialized applications and appealing services. Investments in indoors décor, lights, and track are designed to appeal to teenage clients seeking grooming and wellbeing remedies. Examples like Slieve Russell Hotel's tailored offerings for 13-16 years old spotlight the enterprise's awareness on shooting this market section's hobby via targeted services.

Comprehensive Analysis of Spa Services Market

The spa services market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by facility type analysis, by service analysis and by end user analysis. By facility type analysis include, day, resort/hotel, medical, and others (destination, mineral springs, and others). By service analysis include, massage, beauty/grooming, physical fitness, and others (hydrotherapy, diet, and others). By end user analysis include, men and women.

The Europe region lead the spa services market share by benefitting a market size of USD 31.80 billion in 2023 due to increasing disposable income of the populace.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Hyatt Hotel Corporation, Four Seasons Hotel Limited, Marriot International, Inc., Hilton Hotels & Resorts, OneSpaWorld Holdings Limited, Siam Wellness Group, InterContinental Hotels Group Plc., Massage Envy, Kempinski Hotels S.A., Brenners Park-Hotel & Spa, these market players provide a level-playing competitive landscape.

In January 2023, Monomoy Capital Partners LP entered into an agreement for the acquisition of Artesian Spas & Marquis Hot Tub to provide spa management related solutions in the U.S.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Growth Rate CAGR of 18.02% during 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Segmentation By Facility Type

- Day

- Hotel/Resort

- Medical

- Others

By Service

- Massage

- Beauty/Grooming

- Physical Fitness

- Others

By End-User

- Women

- Men

By Region

- North America (By Facility Type, Service, End-user, and Country)

U.S. (By Facility Type)

Canada (By Facility Type)

Mexico (By Facility Type)

- Europe (By Facility Type, Service, End-user, and Country)

Germany (By Facility Type)

France (By Facility Type)

Italy (By Facility Type)

Spain (By Facility Type)

U.K. (By Facility Type)

Rest of Europe (By Facility Type)

- Asia Pacific (By Facility Type, Service, End-user, and Country)

China (By Facility Type)

India (By Facility Type)

Japan (By Facility Type)

South Korea (By Facility Type)

Australia (By Facility Type)

Rest of Asia Pacific (By Facility Type)

- South America (By Facility Type, Service, End-user, and Country)

Brazil (By Facility Type)

Argentina (By Facility Type)

Rest of South America (By Facility Type)

- Middle East and Africa (By Facility Type, Service, End-user, and Country)

UAE (By Facility Type)

Saudi Arabia (By Facility Type)


1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Spa Services Trend
4.3. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.4. Qualitative Analysis (In relation to COVID-19)
5. Global Spa Services Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Facility Type (Value)
5.2.1.1. Day
5.2.1.2. Hotel/Resort
5.2.1.3. Medical
5.2.1.4. Others
5.2.2. By Service (Value)
5.2.2.1. Massage
5.2.2.2. Beauty/Grooming
5.2.2.3. Physical Fitness
5.2.2.4. Others
5.2.3. By End-user (Value)
5.2.3.1. Men
5.2.3.2. Women
5.2.4. By Region (Value)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Spa Services Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Facility Type (Value)
6.2.1.1. Day
6.2.1.2. Hotel/Resort
6.2.1.3. Medical
6.2.1.4. others
6.2.2. By Service (Value)
6.2.2.1. Massage
6.2.2.2. Beauty/Grooming
6.2.2.3. Physical Fitness
6.2.2.4. Others
6.2.3. By End-user (Value)
6.2.3.1. Men
6.2.3.2. Women
6.2.4. By Country (Value)
6.2.4.1. U.S
6.2.4.1.1. By Facility Type
6.2.4.2. Canada
6.2.4.2.1. By Facility Type
6.2.4.3. Mexico
6.2.4.3.1. By Facility Type
7. Europe Spa Services Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Facility Type (Value)
7.2.1.1. Day
7.2.1.2. Hotel/Resort
7.2.1.3. Medical
7.2.1.4. Others
7.2.2. By Service (Value)
7.2.2.1. Massage
7.2.2.2. Beauty/Grooming
7.2.2.3. Physical Fitness
7.2.2.4. Others
7.2.3. By End-user (Value)
7.2.3.1. Men
7.2.3.2. Women
7.2.4. By Country (Value)
7.2.4.1. Germany
7.2.4.1.1. By Facility Type
7.2.4.2. France
7.2.4.2.1. By Facility Type
7.2.4.3. Italy
7.2.4.3.1. By Facility Type
7.2.4.4. U.K.
7.2.4.4.1. By Facility Type
7.2.4.5. Spain
7.2.4.5.1. By Facility Type
7.2.4.6. Rest of Europe
7.2.4.6.1. By Facility Type
8. Asia Pacific Spa Services Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Facility Type (Value)
8.2.1.1. Day
8.2.1.2. Hotel/Resort
8.2.1.3. Medical
8.2.1.4. Others
8.2.2. By Service (Value)
8.2.2.1. Massage
8.2.2.2. Beauty/Grooming
8.2.2.3. Physical Fitness
8.2.2.4. Others
8.2.3. By End-user (Value)
8.2.3.1. Men
8.2.3.2. Women
8.2.4. By Country (Value)
8.2.4.1. China
8.2.4.1.1. By Facility Type
8.2.4.2. India
8.2.4.2.1. By Facility Type
8.2.4.3. Japan
8.2.4.3.1. By Facility Type
8.2.4.4. Australia
8.2.4.4.1. By Facility Type
8.2.4.5. South Korea
8.2.4.5.1. By Facility Type
8.2.4.6. Rest of Asia Pacific
8.2.4.6.1. By Facility Type
9. South America Spa Services Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Facility Type (Value)
9.2.1.1. Day
9.2.1.2. Hotel/Resort
9.2.1.3. Medical
9.2.1.4. Others
9.2.2. By Service (Value)
9.2.2.1. Massage
9.2.2.2. Beauty/Grooming
9.2.2.3. Physical Fitness
9.2.2.4. Others
9.2.3. By End-user (Value)
9.2.3.1. Men
9.2.3.2. Women
9.2.4. By Country (Value)
9.2.4.1. Brazil
9.2.4.1.1. By Facility Type
9.2.4.2. Argentina
9.2.4.2.1. By Facility Type
9.2.4.3. Rest of South America
9.2.4.3.1. By Facility Type
10. Middle East & Africa Spa Services Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Facility Type (Value)
10.2.1.1. Day
10.2.1.2. Hotel/Resort
10.2.1.3. Medical
10.2.1.4. Others
10.2.2. By Service (Value)
10.2.2.1. Massage
10.2.2.2. Beauty/Grooming
10.2.2.3. Physical Fitness
10.2.2.4. Others
10.2.3. By End-user (Value)
10.2.3.1. Men
10.2.3.2. Women
10.2.4. By Country (Value)
10.2.4.1. South Africa
10.2.4.1.1. By Facility Type
10.2.4.2. UAE
10.2.4.2.1. By Facility Type
10.2.4.3. Saudi Arabia
10.2.4.3.1. By Facility Type
10.2.4.4. Rest of Middle East & Africa
10.2.4.4.1. By Facility Type
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
12. Global Spa Services Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2023
13. Company Profiles
13.1. Hyatt Hotels Corporation
13.1.1. Overview
13.1.2. Description
13.1.3. Product Portfolio
13.1.4. Financials (Data as available in public domain and/or on paid databases)
13.1.5. Recent Developments
13.2. Four Seasons Hotel Limited
13.2.1. Overview
13.2.2. Description
13.2.3. Product Portfolio
13.2.4. Financials (Data as available in public domain and/or on paid databases)
13.2.5. Recent Developments
13.3. Marriott International, Inc.
13.3.1. Overview
13.3.2. Description
13.3.3. Product Portfolio
13.3.4. Financials (Data as available in public domain and/or on paid databases)
13.3.5. Recent Developments
13.4. Hilton Hotels & Resorts
13.4.1. Overview
13.4.2. Description
13.4.3. Product Portfolio
13.4.4. Financials (Data as available in public domain and/or on paid databases)
13.4.5. Recent Developments
13.5. OneSpaWorld Holdings Limited
13.5.1. Overview
13.5.2. Description
13.5.3. Product Portfolio
13.5.4. Financials (Data as available in public domain and/or on paid databases)
13.5.5. Recent Developments
13.6. Siam Wellness Group
13.6.1. Overview
13.6.2. Description
13.6.3. Product Portfolio
13.6.4. Financials (Data as available in public domain and/or on paid databases)
13.6.5. Recent Developments
13.7. InterContinental Hotels Group plc
13.7.1. Overview
13.7.2. Description
13.7.3. Product Portfolio
13.7.4. Financials (Data as available in public domain and/or on paid databases)
13.7.5. Recent Developments
13.8. Massage Envy
13.8.1. Overview
13.8.2. Description
13.8.3. Product Portfolio
13.8.4. Financials (Data as available in public domain and/or on paid databases)
13.8.5. Recent Developments
13.9. Kempinski Hotels S.A.
13.9.1. Overview
13.9.2. Description
13.9.3. Product Portfolio
13.9.4. Financials (Data as available in public domain and/or on paid databases)
13.9.5. Recent Developments
13.10. Brenners Park-Hotel & Spa
13.10.1. Overview
13.10.2. Description
13.10.3. Product Portfolio
13.10.4. Financials (Data as available in public domain and/or on paid databases)
13.10.5. Recent Developments
14. Appendix

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