February 25, 2024

NEW YORK, May 10, 2023 /PRNewswire/ — The spa market size is estimated to grow by USD 40.42 billion from 2022 to 2027. The market is expected to be growing at a CAGR of 6.09% during the forecast period. The growth of spa market is driven by the growing popularity of treatments for the face, body, and hair. Spa facials typically include treatments such as steam, masks, moisturizers, scrubs, and massages, while body treatments include body wraps, Vichy showers, and aromatherapy. Hair spa treatments address various issues such as hair loss, dandruff, and colour-treated hair and the demand for these treatments is increasing due to a growing awareness of grooming and beauty, as well as the rise of wellness tourism. Hence, the market is expected to grow further during the forecast period, as vendors are likely to introduce more facial, body, and hair spa treatments to meet the growing demand. For Comprehensive details on the market size of historic period(2017 to 2021) and forecast period (2023-2027) – View Sample report

Vendor Landscape
The spa market is fragmented; the vendors are competing with competitors and are trying to get greater market share. The market is growing, and chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning, technological advances, and the price of the products –The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Spa Market – Market Dynamics

Major Drivers & Challenges- 

The market growth of spas is majorly driven by the increasing popularity of treatments for the face, body, and hair. Facials in spas typically include treatments like steam, masks, moisturizers, scrubs, and massages. Body treatments may include body wraps, Vichy showers, and aromatherapy. Also, hair spa treatments can address various issues such as hair loss, dandruff, and color-treated hair. The demand for these treatments is increasing. Additionally, innovative body spa treatments, such as hot stone massages, are being offered by vendors to cater to the needs of customers.

The competition from beauty salons and a lack of skilled labor are major challenges impeding the spa services market. Salons and spa centers are facing this challenge because spa administrators and other professionals are not properly trained and most spa companies limit their investments in resources and lack the necessary efforts to conduct training workshops, courses, and other professional development activities for their staff. This further makes it difficult for owners to find professional and qualified therapists. Furthermore, there is also a shortage of skilled labor in the market due to the lack of proper academics and training for students pursuing careers in the spa industry. Hence, such challenges hinder the market growth during the forecast period.

Key Trends

An increase in the availability of flotation therapy spa services is a key trend influencing the spa services market industry. The concept of levitation therapy is based on the elimination of gravity, which is increasing with the increased use of spa weightlessness, seawater, stress, and mind-melting flotation tanks, rooms, and pools. Furthermore, it has several medicinal benefits, including treating blood pressure and energizing the body, regulating blood circulation, and improving skin. The water and air temperatures are kept within a specific range that is neutral to the skin, during the treatment. This therapy uses a special floating tank that is dark and soundproof. Hence, such trends fuel the growth of the market during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors- View Sample Report

Company Profiles

The spa market report includes information on the product launches, sustainability, and prospects of leading vendors including Cal A Vie Health Spa, Clinique La Prairie, CR Operating LLC, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Grand Resort Bad Ragaz AG, Hand and Stone Franchise Corp., Harrison Hot Springs Resort Inc., HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., InterContinental Hotels Group PLC, Jade Mountain, Kempinski Hotels SA, Lakehilll Springs Pty Ltd., Lanserhof Management GmbH, Marriott International Inc., Muse Salon and Spa, Rancho La Puerta Inc., Woodhouse Spa, and Young Medical Spa.

To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation, request a sample report!

Spa Market – Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others.

Spa Market – Market Segmentation

This spa services market research report extensively covers market segmentation by end-user (female and male), type (day/club/salon spa, hotel/resort spa, destination spa, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa). 

  • The market share growth by the female segment will be significant for overall market growth during the forecast period. The segment includes women using or interested in using varied types of spa services, periodically, including women of different ages, from teenagers to the elderly, and may include people with different lifestyles and interests. Women are the primary users of personal care services and the spa services commonly used by women include massages, facials, manicures and pedicures, body wraps, hair removal, and makeup. Hence, the female segment will continue to grow and hold the largest market share during the forecast period as women tend to use spa services more frequently than men and spend more per visit on average.

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Spa Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.09%

Market growth 2023-2027

USD 40.42 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.76

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

Europe at 32%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Cal A Vie Health Spa, Clinique La Prairie, CR Operating LLC, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Grand Resort Bad Ragaz AG, Hand and Stone Franchise Corp., Harrison Hot Springs Resort Inc., HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., InterContinental Hotels Group PLC, Jade Mountain, Kempinski Hotels SA, Lakehilll Springs Pty Ltd., Lanserhof Management GmbH, Marriott International Inc., Muse Salon and Spa, Rancho La Puerta Inc., Woodhouse Spa, and Young Medical Spa

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s Consumer Discretionary Market Reports 

Table of Contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global spa market 2017 – 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global spa market 2017 – 2021 ($ billion)
  • 4.2 End-user Segment Analysis 2017 – 2021
    • Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)
  • 4.3 Type Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 – 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 – 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments 
    • Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 32: Chart on Comparison by End-user
    • Exhibit 33: Data Table on Comparison by End-user
  • 6.3 Female – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Female – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Female – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Female – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Female – Year-over-year growth 2022-2027 (%)
  • 6.4 Male – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Male – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Male – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Male – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Male – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by End-user 
    • Exhibit 42: Market opportunity by End-user ($ billion)
    • Exhibit 43: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

  • 7.1 Market segments 
    • Exhibit 44: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 45: Data Table on Type – Market share 2022-2027 (%)
  • 7.2 Comparison by Type 
    • Exhibit 46: Chart on Comparison by Type
    • Exhibit 47: Data Table on Comparison by Type
  • 7.3 Day/club/salon spa – Market size and forecast 2022-2027 
    • Exhibit 48: Chart on Day/club/salon spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Data Table on Day/club/salon spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 50: Chart on Day/club/salon spa – Year-over-year growth 2022-2027 (%)
    • Exhibit 51: Data Table on Day/club/salon spa – Year-over-year growth 2022-2027 (%)
  • 7.4 Hotel/resort spa – Market size and forecast 2022-2027
    • Exhibit 52: Chart on Hotel/resort spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Data Table on Hotel/resort spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 54: Chart on Hotel/resort spa – Year-over-year growth 2022-2027 (%)
    • Exhibit 55: Data Table on Hotel/resort spa – Year-over-year growth 2022-2027 (%)
  • 7.5 Destination spa – Market size and forecast 2022-2027
    • Exhibit 56: Chart on Destination spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Data Table on Destination spa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 58: Chart on Destination spa – Year-over-year growth 2022-2027 (%)
    • Exhibit 59: Data Table on Destination spa – Year-over-year growth 2022-2027 (%)
  • 7.6 Others – Market size and forecast 2022-2027
    • Exhibit 60: Chart on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 61: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 62: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 63: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 7.7 Market opportunity by Type 
    • Exhibit 64: Market opportunity by Type ($ billion)
    • Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 67: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 68: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 69: Chart on Geographic comparison
    • Exhibit 70: Data Table on Geographic comparison
  • 9.3 Europe – Market size and forecast 2022-2027
    • Exhibit 71: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 72: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 73: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 74: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.4 APAC – Market size and forecast 2022-2027
    • Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.5 North America – Market size and forecast 2022-2027
    • Exhibit 79: Chart on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 80: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 81: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 82: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027
    • Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027
    • Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 China – Market size and forecast 2022-2027
    • Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.10 Germany – Market size and forecast 2022-2027
    • Exhibit 99: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 100: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 101: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 102: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.11 France – Market size and forecast 2022-2027
    • Exhibit 103: Chart on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 104: Data Table on France – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 105: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 106: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 9.12 Japan – Market size and forecast 2022-2027
    • Exhibit 107: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 108: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 109: Chart on Japan – Year-over-year growth 2022-2027 (%)
    • Exhibit 110: Data Table on Japan – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 111: Market opportunity by geography ($ billion)
    • Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.3 Impact of drivers and challenges 
    • Exhibit 113: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

  • 11.2 Vendor landscape 
    • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 115: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 116: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 117: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 118: Matrix on vendor position and classification
  • 12.3 Cal A Vie Health Spa 
    • Exhibit 119: Cal A Vie Health Spa – Overview
    • Exhibit 120: Cal A Vie Health Spa – Product / Service
    • Exhibit 121: Cal A Vie Health Spa – Key offerings
  • 12.4 Clinique La Prairie 
    • Exhibit 122: Clinique La Prairie – Overview
    • Exhibit 123: Clinique La Prairie – Product / Service
    • Exhibit 124: Clinique La Prairie – Key offerings
  • 12.5 CR Operating LLC 
    • Exhibit 125: CR Operating LLC – Overview
    • Exhibit 126: CR Operating LLC – Product / Service
    • Exhibit 127: CR Operating LLC – Key offerings
  • 12.6 Gaia Retreat and Spa 
    • Exhibit 128: Gaia Retreat and Spa – Overview
    • Exhibit 129: Gaia Retreat and Spa – Product / Service
    • Exhibit 130: Gaia Retreat and Spa – Key offerings
  • 12.7 Hand and Stone Franchise Corp. 
    • Exhibit 131: Hand and Stone Franchise Corp. – Overview
    • Exhibit 132: Hand and Stone Franchise Corp. – Product / Service
    • Exhibit 133: Hand and Stone Franchise Corp. – Key offerings
  • 12.8 HOT SPRINGS RESORT and SPA 
    • Exhibit 134: HOT SPRINGS RESORT and SPA – Overview
    • Exhibit 135: HOT SPRINGS RESORT and SPA – Product / Service
    • Exhibit 136: HOT SPRINGS RESORT and SPA – Key offerings
  • 12.9 Hyatt Hotels Corp. 
    • Exhibit 137: Hyatt Hotels Corp. – Overview
    • Exhibit 138: Hyatt Hotels Corp. – Business segments
    • Exhibit 139: Hyatt Hotels Corp. – Key offerings
    • Exhibit 140: Hyatt Hotels Corp. – Segment focus
  • 12.10 InterContinental Hotels Group PLC
    • Exhibit 141: InterContinental Hotels Group PLC – Overview
    • Exhibit 142: InterContinental Hotels Group PLC – Product / Service
    • Exhibit 143: InterContinental Hotels Group PLC – Key offerings
  • 12.11 Jade Mountain 
    • Exhibit 144: Jade Mountain – Overview
    • Exhibit 145: Jade Mountain – Product / Service
    • Exhibit 146: Jade Mountain – Key offerings
  • 12.12 Kempinski Hotels SA 
    • Exhibit 147: Kempinski Hotels SA – Overview
    • Exhibit 148: Kempinski Hotels SA – Product / Service
    • Exhibit 149: Kempinski Hotels SA – Key offerings
  • 12.13 Lakehilll Springs Pty Ltd. 
    • Exhibit 150: Lakehilll Springs Pty Ltd. – Overview
    • Exhibit 151: Lakehilll Springs Pty Ltd. – Product / Service
    • Exhibit 152: Lakehilll Springs Pty Ltd. – Key offerings
  • 12.14 Lanserhof Management GmbH 
    • Exhibit 153: Lanserhof Management GmbH – Overview
    • Exhibit 154: Lanserhof Management GmbH – Product / Service
    • Exhibit 155: Lanserhof Management GmbH – Key offerings
  • 12.15 Marriott International Inc. 
    • Exhibit 156: Marriott International Inc. – Overview
    • Exhibit 157: Marriott International Inc. – Business segments
    • Exhibit 158: Marriott International Inc. – Key offerings
    • Exhibit 159: Marriott International Inc. – Segment focus
  • 12.16 Muse Salon and Spa 
    • Exhibit 160: Muse Salon and Spa – Overview
    • Exhibit 161: Muse Salon and Spa – Product / Service
    • Exhibit 162: Muse Salon and Spa – Key offerings
  • 12.17 Rancho La Puerta Inc. 
    • Exhibit 163: Rancho La Puerta Inc. – Overview
    • Exhibit 164: Rancho La Puerta Inc. – Product / Service
    • Exhibit 165: Rancho La Puerta Inc. – Key offerings

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 166: Inclusions checklist
    • Exhibit 167: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 168: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 169: Research methodology
    • Exhibit 170: Validation techniques employed for market sizing
    • Exhibit 171: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 172: List of abbreviations

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