Global Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary
Global Spa 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 global spa market had total revenues of $100,559.6 million in 2022, representing a compound annual growth rate (CAGR) of 1.5% between 2017 and 2022.
- The hotel/resort spa segment accounted for market's the largest proportion in 2022, with total revenues of $45,712.5 million, equivalent to 45.5% of the market's overall value.
- The spa market started to rebound in 2021 and 2022 as vaccination rates improved and restrictions were gradually lifted. For instance, according to UNWTO, international tourism receipts grew back to hit the $1 trillion mark in 2022 and grew by 50% in real terms compared to 2021, driven by the rebound in international travel.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global spa market
- 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 Global spa market with five year forecasts by both value and volume
- What was the size of the Global spa market by value in 2022?
- What will be the size of the Global spa market in 2027?
- What factors are affecting the strength of competition in the Global spa market?
- How has the market performed over the last five years?
- Who are the top competitors in the global'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 strategies do leading players follow?
- 7.3. What have been the most significant mergers/acquisitions in recent years?
- 8 Company Profiles
- 8.1. Four Seasons Hotels Ltd
- 8.2. Fairmont Hotels & Resorts Inc
- 8.3. Mandara Spa LLC
- 8.4. Faena Hotel Buenos Aires
- 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: Global spa market value: $ million, 2017–22
- Table 2: Global spa market category segmentation: % share, by value, 2017–2022
- Table 3: Global spa market category segmentation: $ million, 2017-2022
- Table 4: Global spa market geography segmentation: $ million, 2022
- Table 5: Global spa market value forecast: $ million, 2022–27
- Table 6: Four Seasons Hotels Ltd: key facts
- Table 7: Four Seasons Hotels Ltd: key employees
- Table 8: Fairmont Hotels & Resorts Inc: key facts
- Table 9: Fairmont Hotels & Resorts Inc: key employees
- Table 10: Mandara Spa LLC: key facts
- Table 11: Faena Hotel Buenos Aires: key facts
- Table 12: Global exchange rate, 2018–22
- List of Figures
- Figure 1: Global spa market value: $ million, 2017–22
- Figure 2: Global spa market category segmentation: $ million, 2017-2022
- Figure 3: Global spa market geography segmentation: % share, by value, 2022
- Figure 4: Global spa market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the global spa market, 2022
- Figure 6: Drivers of buyer power in the global spa market, 2022
- Figure 7: Drivers of supplier power in the global spa market, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the global spa market, 2022
- Figure 9: Factors influencing the threat of substitutes in the global spa market, 2022
- Figure 10: Drivers of degree of rivalry in the global spa market, 2022
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