Global Spa Market Summary, Competitive Analysis and Forecast to 2027

Global Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary

Global Spa industry profile provides top-line qualitative and quantitative summary information including: market share, 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 HighlightsA 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 global spa market had total revenues of $100,559.6 million in 2022, representing a compound annual growth rate (CAGR) of 1.5% between 2017 and 2022.The hotel/resort spa segment accounted for market's the largest proportion in 2022, with total revenues of $45,712.5 million, equivalent to 45.5% 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 UNWTO, international tourism receipts grew back to hit the $1 trillion mark in 2022 and grew by 50% in real terms compared to 2021, driven by the rebound in international travel.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in the globalUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global spa marketLeading company profiles reveal details of key spa market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Global spa market with five year forecasts by both value and volumeReasons to BuyWhat was the size of the Global spa market by value in 2022?What will be the size of the Global spa market in 2027?What factors are affecting the strength of competition in the Global spa market?How has the market performed over the last five years?Who are the top competitors in the global's spa market?