Spa Market, By Service, By Spa Type, By End-user, By Geography

Description

The global spa market is estimated to be valued at USD 183.38 Bn in 2024 and is expected to reach USD 444.97 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 183.38 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	13.50%	2031 Value Projection:	US$ 444.97 Bn

Figure. Spa Market Share (%), By Region 2024

The global spa market has witnessed significant growth in the past few decades. Rising stress levels and health concerns among consumers have increased focus on wellness and preventive healthcare. Spas provide relaxing and rejuvenating treatments that help reduce stress, alleviate pain, and boost physical and mental well-being. Growing awareness about the benefits of spa therapies and rise in disposable incomes have encouraged more people to indulge in spa experiences. The global spa market has also evolved considerably over the years, offering specialized treatments tailored to suit different needs and lifestyles. Major players are utilizing innovation and technology to enhance services and attract newer customers. With continued economic growth and changing consumer habits, the global spa market is expected to witness lucrative opportunities in the coming years.

Market Dynamics

Growing health and wellness trend, rise of medical spas, increasing popularity of destination spas and wellness retreats, and advancement of therapeutic spa services are some of the key factors fueling demand in the global spa market. However, stringent regulations pertaining to service quality and infrastructure, high operating costs, and risk of health issues associated with some treatments are restricting market expansion. Technological interventions to modernize operations and the emergence of innovative treatments are opening new avenues. Integration of virtual and hybrid experiences during the pandemic also helped the market stay afloat and engage customers.

Key Features of the Study

This report provides in-depth analysis of the global spa market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global spa market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Mandara Spa, Woodhouse Spas, Hand & Stone Franchise Corp, Hyatt Hotel Corporation, Four Seasons Hotel Limited, Marriot International, Inc., Hilton Hotels & Resorts, OneSpaWorld Holdings Limited, InterContinental Hotels Group Plc, Banyan Tree Hotels & Resorts, Carmel Valley Ranch, Ojai Valley Inn., The Greenwichhotel, Healing Hotels of the World, Siam Wellness Group, Spaandwellness, Chiva-Som, Amatara Welleisure Resort, Niyama Spa, and SoulSense Spa
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global spa market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global spa market

Detailed Segmentation-

By Service:
- Massage Therapies
- Facial Treatments
- Body Treatments
- Hydrotherapy
- Others
By Spa Type:
- Day Spas
- Resort/Hotel Spas
- Medical Spas
- Destination Spas
- Mineral Springs Spas
By End-user:
- Women
- Men
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Mandara Spa
- Woodhouse Spas
- Hand & Stone Franchise Corp
- Hyatt Hotel Corporation
- Four Seasons Hotel Limited
- Marriot International, Inc.
- Hilton Hotels & Resorts
- OneSpaWorld Holdings Limited
- InterContinental Hotels Group Plc
- Banyan Tree Hotels & Resorts
- Carmel Valley Ranch
- Ojai Valley Inn.
- The Greenwichhotel
- Healing Hotels of the World
- Siam Wellness Group
- Spaandwellness
- Chiva-Som
- Amatara Welleisure Resort
- Niyama Spa
- SoulSense Spa

Product Code: CMI913

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
Market Definition and Scope
Executive Summary
Global Spa Market, By Service
Global Spa Market, By Spa Type
Global Spa Market, By End-user
Global Spa Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Drivers
Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Spa Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Spa Market
Impact Analysis

5. Global Spa Market, By Service, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Massage Therapies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Facial Treatments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Body Treatments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Hydrotherapy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Spa Market, By Spa Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Day Spas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Resort/Hotel Spas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Medical Spas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Destination Spas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Mineral Springs Spas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Spa Market, By End-user, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Women
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Men
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

8. Global Spa Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Service, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Spa Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Service, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Spa Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Service, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Spa Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Service, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Spa Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Service, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Spa Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By End-user, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Mandara Spa
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Woodhouse Spas
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hand & Stone Franchise Corp
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hyatt Hotel Corporation
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Four Seasons Hotel Limited
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Marriot International, Inc.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hilton Hotels & Resorts
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- OneSpaWorld Holdings Limited
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- InterContinental Hotels Group Plc
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Banyan Tree Hotels & Resorts
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Carmel Valley Ranch
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Ojai Valley Inn.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- The Greenwichhotel
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Healing Hotels of the World
- Siam Wellness Group
- Spaandwellness
- Chiva-Som
- Amatara Welleisure Resort
- Niyama Spa
- SoulSense Spa

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
About us
- Browse 25 market data tables* and 20 figures* on "Global Spa Market" - Global forecast to 2031.