Spa Services Market to 2027, Future Outlook, COVID-19 Impact Analysis, Forecast – 2027

Spa Services market size was valued at USD 105.18 billion in 2019 and is projected to reach USD 133.28 billion by 2027, exhibiting a CAGR of 4% during the forecast period.

The growth of the market is driven by factors such as increasingly busy lifestyles, increasing wellness tourism, increasing demand for teenagers and improving living standards. In addition, the growing population of working women and the rising popularity of spas among male customers are also compensating for the growth of the global spa services market. However, the lack of skilled labor and low penetration in underdeveloped regions limits market growth to some extent. Additionally, the high cost of hiring a skilled workforce in the global spa services market adds to the operating costs of businesses.

 

This report focuses on the global top players, covered

Jade Mountain
Six Senses Hotels Resorts Spas
Clarins Group
Hot Springs REsort and SPA
Lanserhof Tegernsee
Belmond Maroma Resort & Spa
Gaia Retreat & Spa
Wax On Spa

Market segment by Type, the product can be split into

Salon Spa
Hotel Spa
Medical Spa
Destination Spa
Mineral Spa

Market segment by Application, the market can be split into

Traveler
Business People
Other
Scope of the Report

The research study analyzes the global Spa Services industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Spa Services Market Report

1. What was the Spa Services Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

What will be the CAGR of Spa Services Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Spa Services Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.