Spa Market – 33% of Growth to Originate from Europe | Evolving Opportunites with Aspira Spa & Cal-a-Vie Health Spa

Andrew M. Santos

NEW YORK, March 21, 2022 /PRNewswire/ — The “Spa Market by Type (day/club/salon spa, hotel/resort spa, destination spa, medical spa, and others) and Geography (Europe, APAC, North America, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. 33% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for spas in Europe. Market growth in this region will be faster than the growth of the market in the APAC, MEA, and South American regions. The rise in the working population and an increase in expenditure will facilitate the spa market growth in Europe over the forecast period.

Technavio has announced its latest market research report titled Spa Market by Type and Geography - Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Spa Market by Type and Geography – Forecast and Analysis 2021-2025

The potential growth difference for the spa market between 2020 and 2025 is USD 22.08 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Spa Market – Key Market Dynamics

  • Market Driver

  • Market Challenges

The increase in the adoption of facial, body, and hair treatments in spas and the growing wellness tourism industry are some of the key market drivers. However, factors such as fragmented markets will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.

To learn about additional key drivers, trends, and challenges- Read our FREE Sample Report right now!

Spa Market – Segmentation Analysis
The spa market report is segmented by Type (day/club/salon spa, hotel/resort spa, destination spa, medical spa, and others) and Geography (Europe, APAC, North America, South America, and MEA).

The spa market share growth by the day/club/salon spa segment will be significant for revenue generation. Services offered by The Mineral Spa include body treatments such as royal renewal ultimate full-body ritual, mineral purifying ritual, herbal hydration ritual, and other services. It also offers Girls’ Day Out packages that include a 60-minute pass to The Retreat, its mineral water therapy zone. During the forecast period, many vendors are expected to offer innovative day/club/salon spa services.

View our sample report for additional insights into the contribution of all the segments

Some Companies Mentioned with their Offerings
The spa market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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  • The gym and health clubs market has the potential to grow by USD 101.18 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 15.39%. Download a free sample now!

Spa Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

USD 22.08 billion

Market structure

Fragmented

YoY growth (%)

4.30

Performing market contribution

Europe at 33%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aspira Spa, Cal-a-Vie Health Spa, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact 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.

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

Five Forces Analysis

Market Segmentation by Type

  • Market segments

  • Comparison by Type

  • Day/club/salon spa – Market size and forecast 2020-2025

  • Hotel/resort spa – Market size and forecast 2020-2025

  • Destination spa – Market size and forecast 2020-2025

  • Medical spa – Market size and forecast 2020-2025

  • Others – Market size and forecast 2020-2025

  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe – Market size and forecast 2020-2025

  • APAC – Market size and forecast 2020-2025

  • North America – Market size and forecast 2020-2025

  • South America – Market size and forecast 2020-2025

  • MEA – Market size and forecast 2020-2025

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Aspira Spa

  • Cal-a-Vie Health Spa

  • Gaia Retreat & Spa

  • Hand & Stone Franchise Corp.

  • HOT SPRINGS RESORT & SPA

  • Kempinski Hotels SA

  • Lanserhof GmbH

  • Marriott International Inc.

  • ME SPE Franchising LLC

  • Rancho La Puerta Inc.

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Website: www.technavio.com/

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