Saudi Arabia Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary
Spa in Saudi Arabia industry profile provides top-line qualitative and quantitative summary information including: 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 Saudi Arabian spa market had total revenues of $367.9 million in 2022, representing a compound annual growth rate (CAGR) of 1.2% between 2017 and 2022.
- The hotel/resort spa segment accounted for the market's largest proportion in 2022, with total revenues of $248.5 million, equivalent to 67.5% 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 in-house research, the Saudi Arabian travel & tourism industry grew by 45.1% in 2022 to reach a value of $54.1 billion.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the spa market in Saudi Arabia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in Saudi Arabia
- 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 Saudi Arabia spa market with five year forecasts by both value and volume
- What was the size of the Saudi Arabia spa market by value in 2022?
- What will be the size of the Saudi Arabia spa market in 2027?
- What factors are affecting the strength of competition in the Saudi Arabia spa market?
- How has the market performed over the last five years?
- How large is Saudi Arabia’s spa market in relation to its regional counterparts?
- 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 strengths of the leading players?
- 8 Company Profiles
- 8.1. Park Hyatt Jeddah
- 8.2. Al Qasr Talise Spa
- 8.3. Assila Spa
- 8.4. The Pearl Spa
- 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: Saudi Arabia spa market value: $ million, 2017–22
- Table 2: Saudi Arabia spa market category segmentation: % share, by value, 2017–2022
- Table 3: Saudi Arabia spa market category segmentation: $ million, 2017-2022
- Table 4: Saudi Arabia spa market geography segmentation: $ million, 2022
- Table 5: Saudi Arabia spa market value forecast: $ million, 2022–27
- Table 6: Park Hyatt Jeddah: key facts
- Table 7: Al Qasr Talise Spa: key facts
- Table 8: Assila Spa: key facts
- Table 9: The Pearl Spa: key facts
- Table 10: Saudi Arabia size of population (million), 2018–22
- Table 11: Saudi Arabia gdp (constant 2005 prices, $ billion), 2018–22
- Table 12: Saudi Arabia gdp (current prices, $ billion), 2018–22
- Table 13: Saudi Arabia inflation, 2018–22
- Table 14: Saudi Arabia consumer price index (absolute), 2018–22
- Table 15: Saudi Arabia exchange rate, 2018–22
- List of Figures
- Figure 1: Saudi Arabia spa market value: $ million, 2017–22
- Figure 2: Saudi Arabia spa market category segmentation: $ million, 2017-2022
- Figure 3: Saudi Arabia spa market geography segmentation: % share, by value, 2022
- Figure 4: Saudi Arabia spa market value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the spa market in Saudi Arabia, 2022
- Figure 6: Drivers of buyer power in the spa market in Saudi Arabia, 2022
- Figure 7: Drivers of supplier power in the spa market in Saudi Arabia, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the spa market in Saudi Arabia, 2022
- Figure 9: Factors influencing the threat of substitutes in the spa market in Saudi Arabia, 2022
- Figure 10: Drivers of degree of rivalry in the spa market in Saudi Arabia, 2022
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