North America Spa Market Summary, Competitive Analysis and Forecast to 2027

North America Spa Market Summary, Competitive Analysis and Forecast to 2027
Summary

Spa in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 North American spa market had total revenues of $23,395.5 million in 2022, representing a compound annual growth rate (CAGR) of -1% between 2017 and 2022.The hotel/resort spa segment accounted for market's largest proportion in 2022, with total revenues of $17,483.1 million, equivalent to 74.7% 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 in-house research, the North American travel and tourism market grew by 55% in the year 2021.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in North AmericaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in North AmericaLeading 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 North America spa market with five year forecastsReasons to BuyWhat was the size of the North America spa market by value in 2022?What will be the size of the North America spa market in 2027?What factors are affecting the strength of competition in the North America spa market?How has the market performed over the last five years?What are the main segments that make up North America's spa market?