Sales Of Spa Is Expected To A Value Of Over US$ 326 Bn By 20...| MENAFN.COM

Saturday, 25 March 2023 05:27 GMT

Sales Of Spa Is Expected To A Value Of Over US$ 326 Bn By 2031

(MENAFN- Ameliorate Digital Consultancy) The spa market exceeded a market value of US$ 106 Bn by the end of 2020. Rising disposable incomes and inclination towards personal healthcare is surging the demand for spa treatments. In addition, sedentary and hectic lifestyles has created chronic illnesses for people. Due to this, people have shown an inclination towards various spa treatments. Thus, the global spa market is expected to represent a value of over US$ 326 Bn by registering a CAGR of 12% during the forecast period, 2021-2031.

The Fact.MR new report on the market survey of Spa gives estimations of the Size of Spa Market and the overall Spa Market share of key regional segments During Forecast Period.Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections for Sales & Demand of Spa, its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies.

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Key Companies Profiled

  • Zivaya Spa
  • Savor Spa
  • L'Oréal Professional
  • Natural Beauty Spa
  • Amore Fitness Pte Ltd.
  • Amanda Spa
  • Lotus Spa Centre Ltd.
  • L'Occitane En Provence
  • Nirvana Spa
  • Grand Resort Bad Ragaz
  • COMO Shambhala Estate
  • Forte Village Resort
  • Canyon Ranch
  • St. Regis Bahia Beach Resort
  • Chiva Som International Health Resort
  • The Connaught Aman Spa
  • Four Seasons Resort Bora Bora
  • Rancho La Puerta

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Key Segments Covered

  • Spa Type
    • Hotels/Resort Spas
    • Destination Spas & Health Resorts
    • Medical Spas
    • Thermal/Mineral Springs Spas
    • Other Spas

We leverage space-age industrial and digitalization tools to provide avant-garde actionable Spa Market insights to our clients.

SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player, both at global and regional levels.

This report gives you access to decisive data such as:

  • Demand of Spa Market & Growth drivers
  • Factors limiting Spa market growth
  • Current key trends of Spa Market
  • Market Size of Spa and Spa Sales projections for the coming years

The report also offers key trends of Spa market and an in-depth analysis of how the projected growth factors will shape the Spa market dynamics in the coming years of the forecast period.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Spa Market that are developing the current market scenario and which will be lucrative for the future demand of Spa Market.

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Competitive Landscape

Prominent service providers are emphasizing on introducing multiple spa packages oriented towards different consumer segments. However, players are likely to find maximum growth opportunities in the premium and luxury sectors. Furthermore, rising digitalization of services is intensifying competition between rival service providers.

  • In March 2021, Zenoti Foundation, a cloud-based platform for spa, beauty & wellness services, partnered with Sutherland Global with the objective of improving customer experience via expansions in real-time support across both chat and phone-based channels and address queries within minutes

Crucial insights in Spa market research report:

  • Underlying macro- and microeconomic factors impacting the Sales of Spa market.
  • Basic overview of the Spa, including market definition, classification, and applications.
  • Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend and supply side analysis of Spa across various industries.
  • Important regions and countries offering lucrative opportunities to market stakeholders.

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