China Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary
Spa in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Chinese spa market had total revenues of $10,286.5 million in 2022, representing a compound annual growth rate (CAGR) of 4.5% between 2017 and 2022.
- The hotel/resort spa segment accounted for market's the largest proportion in 2022, with total revenues of $5,461.5 million, equivalent to 53.1% of the market's overall value.
- The revival of economic activity, including increased consumer spending, contributed to the growth of the spa market. An increase in travel and tourism in the country became crucial for the rise in spa market demand. For instance, according to in-house research, the Chinese travel and tourism industry grew by 26.2% in 2022 to reach a value of $1,130.6 billion.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in China
- 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 China spa market with five year forecasts by both value and volume
- What was the size of the China spa market by value in 2022?
- What will be the size of the China spa market in 2027?
- What factors are affecting the strength of competition in the China spa market?
- How has the market performed over the last five years?
- Who are the top competitors in China's spa market?
- 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 are the strategies followed by the leading players?
- 7.3. What are the recent notable developments?
- 8 Company Profiles
- 8.1. Mandara Spa LLC
- 8.2. Anantara Hotels, Resorts & Spas
- 8.3. The Ritz-Carlton Shanghai, Pudong
- 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: China spa market value: $ million, 2017–22
- Table 2: China spa market category segmentation: % share, by value, 2017–2022
- Table 3: China spa market category segmentation: $ million, 2017-2022
- Table 4: China spa market geography segmentation: $ million, 2022
- Table 5: China spa market value forecast: $ million, 2022–27
- Table 6: Mandara Spa LLC: key facts
- Table 7: Anantara Hotels, Resorts & Spas: key facts
- Table 8: Anantara Hotels, Resorts & Spas: key employees
- Table 9: The Ritz-Carlton Shanghai, Pudong: key facts
- Table 10: China size of population (million), 2018–22
- Table 11: China gdp (constant 2005 prices, $ billion), 2018–22
- Table 12: China gdp (current prices, $ billion), 2018–22
- Table 13: China inflation, 2018–22
- Table 14: China consumer price index (absolute), 2018–22
- Table 15: China exchange rate, 2018–22
- List of Figures
- Figure 1: China spa market value: $ million, 2017–22
- Figure 2: China spa market category segmentation: $ million, 2017-2022
- Figure 3: China spa market geography segmentation: % share, by value, 2022
- Figure 4: China spa market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the spa market in China, 2022
- Figure 6: Drivers of buyer power in the spa market in China, 2022
- Figure 7: Drivers of supplier power in the spa market in China, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the spa market in China, 2022
- Figure 9: Factors influencing the threat of substitutes in the spa market in China, 2022
- Figure 10: Drivers of degree of rivalry in the spa market in China, 2022
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