India Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary
Spa in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 Indian spa market had total revenues of $ 2,155.8 million in 2022, representing a compound annual growth rate (CAGR) of 0.2% between 2017 and 2022.
- The hotel/resort spa segment accounted for the market's largest proportion in 2022, with total revenues of $1,088.9 million, equivalent to 50.5% of the market's overall value.
- The spa market started to rebound in 2021 and 2022 as vaccination rates improved and travel restrictions were gradually lifted. According to in-house research, the Indian travel & tourism industry grew by 23.7% in 2022 to reach a value of $226.6 billion.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in India
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in India
- 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 India spa market with five year forecasts
- What was the size of the India spa market by value in 2022?
- What will be the size of the India spa market in 2027?
- What factors are affecting the strength of competition in the India spa market?
- How has the market performed over the last five years?
- What are the main segments that make up India'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. The Ritz-Carlton Hotel Co LLC
- 8.2. Tattva Spa
- 8.3. Orion Spa & Healthcare Centre
- 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: India spa market value: $ million, 2017–22
- Table 2: India spa market category segmentation: % share, by value, 2017–2022
- Table 3: India spa market category segmentation: $ million, 2017-2022
- Table 4: India spa market geography segmentation: $ million, 2022
- Table 5: India spa market value forecast: $ million, 2022–27
- Table 6: The Ritz-Carlton Hotel Co LLC: key facts
- Table 7: The Ritz-Carlton Hotel Co LLC: key employees
- Table 8: Tattva Spa: key facts
- Table 9: Orion Spa & Healthcare Centre: key facts
- Table 10: India size of population (million), 2018–22
- Table 11: India gdp (constant 2005 prices, $ billion), 2018–22
- Table 12: India gdp (current prices, $ billion), 2018–22
- Table 13: India inflation, 2018–22
- Table 14: India consumer price index (absolute), 2018–22
- Table 15: India exchange rate, 2018–22
- List of Figures
- Figure 1: India spa market value: $ million, 2017–22
- Figure 2: India spa market category segmentation: $ million, 2017-2022
- Figure 3: India spa market geography segmentation: % share, by value, 2022
- Figure 4: India spa market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the spa market in India, 2022
- Figure 6: Drivers of buyer power in the spa market in India, 2022
- Figure 7: Drivers of supplier power in the spa market in India, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the spa market in India, 2022
- Figure 9: Factors influencing the threat of substitutes in the spa market in India, 2022
- Figure 10: Drivers of degree of rivalry in the spa market in India, 2022
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