Spa in South Korea
Summary
Spa in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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. The market value includes revenue generated by the market players in a specific year.
- The South Korean spa market recorded revenues of $1,721.1 million in 2023, representing a compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
- The day/club/salon spa segment accounted for the market's largest proportion in 2023, with total revenues of $880.5 million, equivalent to 51.2% of the market's overall value.
- South Korea accounted for 5.6% of the market share in the Asia-Pacific spa market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in South Korea
- 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 South Korea spa market with five year forecasts by both value and volume
- What was the size of the South Korea spa market by value in 2023?
- What will be the size of the South Korea spa market in 2028?
- What factors are affecting the strength of competition in the South Korea spa market?
- How has the market performed over the last five years?
- Who are the top competitors in South Korea'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 strengths of the leading players?
- 7.3. What are the most recent notable developments in the market?
- 7.4. What are the new trends in the market?
- 7.5. What are some of the challenges faced by the leading players in the market?
- 8 Company Profiles
- 8.1. The Spa by Grand Hyatt Seoul
- 8.2. The Spa at Four Seasons Hotel Seoul
- 8.3. Conard Seoul
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: South Korea spa market value: $ million, 2018-23
- Table 2: South Korea spa market category segmentation: % share, by value, 2018-2023
- Table 3: South Korea spa market category segmentation: $ million, 2018-2023
- Table 4: South Korea spa market geography segmentation: $ million, 2023
- Table 5: South Korea spa market value forecast: $ million, 2023-28
- Table 6: The Spa by Grand Hyatt Seoul: key facts
- Table 7: The Spa at Four Seasons Hotel Seoul: key facts
- Table 8: Conard Seoul: key facts
- Table 9: South Korea exchange rate, 2018-23
- List of Figures
- Figure 1: South Korea spa market value: $ million, 2018-23
- Figure 2: South Korea spa market category segmentation: $ million, 2018-2023
- Figure 3: South Korea spa market geography segmentation: % share, by value, 2023
- Figure 4: South Korea spa market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the spa market in South Korea, 2023
- Figure 6: Drivers of buyer power in the spa market in South Korea, 2023
- Figure 7: Drivers of supplier power in the spa market in South Korea, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the spa market in South Korea, 2023
- Figure 9: Factors influencing the threat of substitutes in the spa market in South Korea, 2023
- Figure 10: Drivers of degree of rivalry in the spa market in South Korea, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook