Global Spa Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Spa Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Spa Services market finds that the global Spa Services market reached a value of USD 147482.0 million in 2022. It’s expected that the market will achieve USD 243230.0 million by 2028, exhibiting a CAGR of 8.7% during the forecast period.

Increasing the focus on health and beauty and rising expenditure on luxuries is the major drivers of the market.

With the growing demand for health and wellness conscious among consumers which tends to drive the global spa service market. It has become an alternative trend for bachelorettes for relaxation and keep away from the hectic lifestyle. The rapid growth of the economy and rising urbanization have spawned modern class consumers with more money to spend which indulged in growing wellness services. The most targeted customers for this sector were females than male but with the changing trends and increasing wellness and health consciousness among customers is expected to drive the spa service market globally.

Lack of trained personnel.

The global spa services market is restrained by the lack of presence of skilled labor. Presently, in majority of the developing countries the massage therapists employed in the spas lack the professional training required to deliver effective and satisfactory spa facilities. Moreover, spas have to incur huge cost in order to employ well-trained therapists. Owing to rising competition in the market, spa owners have started to invest in spa education such as on-the-job training programs of international standards for better service. Thus, in order to deliver better services & customer satisfaction the spas would continue to invest more in education and training of the employees.

Increased Demand in Emerging Markets

Rising demand from emerging markets is expected to propel the demand for spa services in future owed to the rising personal disposable income of the people. Moreover, developing economies are also witnessing a rise in a number of working populations which is exhibiting high-stress levels and unhealthy lifestyles. Thus, need for stress management is contributing to the demand for spa in these countries. In order to meet the rising demand for spa services, the trend for budget spas services is getting prevalent in emerging markets.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (33.88% in 2022).

Company Overview:

Massage Envy is one of the major players operating in the Spa Services market, holding a share of 1.32% in 2023.

Massage Envy

Massage Envy, LLC provides therapeutic massage services. The Company offers a range of services for men and women including full-body and partial-body massage therapies and facial skin treatments.

Marriott Hotels International Inc

Marriott Hotels International Inc owns and operates hotels and motels. The Company provides hotel accommodations, luxury suites, car rental, fitness and recreation, pool, internet, and other amenities. Marriott Hotels International serves customers worldwide.

Segmentation Overview:

Among different product types, Salon segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Relax and Beauty Care segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Spa Services market covered in Chapter 3:

St. Regis Aspen Resort
Belmond Maroma Resort & Spa
Six Senses Hotels Resorts Spas
Hot Springs Resort and Spa
Lanserhof Tegernsee
Trailhead Spa
Rancho La Puerta
Massage Envy
Marriott International
Jade Mountain
Beauty Farm
Rubis SPA
Clarins Group
Emirates Palace
SIYANLI
Four Seasons Hotel Limited

In Chapter 4 and Chapter 14.2, on the basis of types, the Spa Services market from 2018 to 2029 is primarily split into:

Salon
Hotel
Medical
Destination
Mineral
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spa Services market from 2018 to 2029 covers:

Wellness Treatments
Relax and Beauty Care

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)