Europe Spa Market Growth, Size, Trends, Demand, Share, Revenue, Competition and Future Outlook
Europe Spa Market Size- By Service Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: FMCG24115 | Pages: 1 - 152 | Formats*: |
| Category : Consumer & Retail | |||
Europe Spa Market Introduction and Overview
According to SPER Market Research, the Europe Spa Market is estimated to reach USD XX billion by 2033 with a CAGR 10.85%.
The report includes an in-depth analysis of the Europe Spa Market, including market size and trends, product mix, distribution channels, and supplier analysis. A spa is a place of wellness where curative baths are offered in mineral-rich spring water. Balneotherapy is the term for the range of health treatments that spa towns and resorts frequently offer. The term "spa services" refers to a broad range of rejuvenating activities for the body and mind, including body treatments, body massages, facials, manicures, and pedicures.
Market Opportunities and Challenges
Opportunities: The building of numerous new upscale spas and hotels in 2023 is a result of the rise in wellness tourism in Europe. Raffles, Six Senses, The Peninsula, and Mandarin Oriental were the four well-known brands that debuted in London; the latter introduced its urban spa concept in a new hotel in Mayfair, UK.
Furthermore, new spa establishments are about to open in Greece, Italy, Spain, Switzerland, and Austria, raising the bar for health and wellness services available throughout the continent. Positive signs for the expansion of the spa industry in the area are provided by the emergence of wellness tourism in Europe. The market for upscale health and wellness experiences is expanding, which bodes well for future growth in the spa sector.
The demand for hotel and resort spas in several European markets, especially in the Baltic and Eastern European countries, has increased due to the influx of Russian tourists. The day spa industry is particularly active due to the growth of increasingly specialized and diversified urban spas as well as boutique hotel spas that cater to customers wishing to preserve health and decrease the effects of stress and aging, at a variety of price points and locations.
Challenges:
- Transition to In-Home Wellness Services and Goods: Numerous consumers are finding more affordable options for spa trips because to the introduction of smart at-home wellness products, gadgets, and digital platforms that offer guided relaxation and treatment sessions. People's predisposition to seek leisure and well-being within the confines of their own houses was made worse by the worldwide health crisis, which triggered lockdowns and health concerns. Convenient and frequently less expensive substitutes for traditional spa services are the DIY spa kits, wellness subscription apps, and telehealth consultations, which are growing in popularity. This change presents a significant threat to the established spa industry as consumers weigh the expenses, benefits, and security of in-person appointments against options that can be done at home.
Market Competitive Landscape
The Spa market in Europe is highly fragmented. Some of the market key players are Planet Beach Franchising Corporation, Four Seasons Hotels Limited (Cascade Investment, L.L.C.), ME SPE Franchising, LLC, Jade Mountain, Mandarin Oriental International Limited (Jardine Matheson Holdings Limited), InterContinental Hotels Group PLC, Clarins Group SA, Lanserhof Group, Belmond Maroma Resort & SPA, and Gaia Retreat & SPA (Tattarang).
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Service Type |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Planet Beach Franchising Corporation, Four Seasons Hotels Limited (Cascade Investment, L.L.C.), ME SPE Franchising, LLC, Jade Mountain, Mandarin Oriental International Limited (Jardine Matheson Holdings Limited), InterContinental Hotels Group PLC, Clarins Group SA, Lanserhof Group, Belmond Maroma Resort & SPA, and Gaia Retreat & SPA (Tattarang). |
COVID-19 Impact on Europe Spa Market
The European spa industry has been significantly impacted by the COVID-19 outbreak. Many spas were forced to temporarily close their doors due to rigorous lockdown procedures and travel restrictions put in place to stop the virus's spread, which resulted in huge revenue losses. Demand was further dampened by a drop in customer confidence in spa services brought on by health and safety concerns. Many spa companies thus experienced financial difficulties, and some were compelled to close their doors permanently. However, there is cautious optimism for the European spa market's resurgence as vaccination campaigns pick up steam and regulations loosen.
Key Target Audience
- Wellness Enthusiasts
- Luxury Travelers
- Health-conscious Individuals
- Corporate Wellness Programs
- Beauty and Skincare Aficionados
- Special Occasion Celebrators (Weddings, Anniversaries, etc.)
- Stress Relief Seekers
Our in-depth analysis of the Europe Spa Market includes the following segments:
| By Service Type: |
|
Key Topics Covered in the Report
- Europe Spa Market Size (FY’2024-FY’2033)
- Overview of Europe Spa Market
- Segmentation of Europe Spa Market By Service Type (Hotel/Resorts Spa, Day/Salon Spa, Destination Spa, Medical Spa, Mineral Spring Spa, Others)
- Expansion Analysis of Europe Spa Market
- Problems and Obstacles in Europe Spa Market
- Competitive Landscape in the Europe Spa Market
- Impact of COVID-19 and Demonetization on Europe Spa Market
- Details on Current Investment in Europe Spa Market
- Competitive Analysis of Europe Spa Market
- Prominent Players in the Europe Spa Market
- SWOT Analysis of Europe Spa Market
- Europe Spa Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Spa Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Spa Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Spa Market
7. Europe Spa Market, By Service Type (USD Million) 2020-2033
7.1. Europe Spa Market Size, Share and Forecast, By Service Type, 2020-20267.2. Europe Spa Market Size, Share and Forecast, By Service Type, 2027-20337.3. Hotel/Resorts Spa7.4. Day/Salon Spa7.5. Destination Spa7.6. Medical Spa7.7. Mineral Spring Spa7.8. Others
8. Europe Spa Market Forecast, 2020-2033 (USD Million)
8.1. Europe Spa Market Size and Market Share
9. Europe Spa Market, By Region, 2020-2033 (USD Million)
9.1. Europe Spa Market Size and Market Share By Region (2020-2026)9.2. Europe Spa Market Size and Market Share By Region (2027-2033)9.3. France9.4. Germany9.5. Italy9.6. Spain9.7. United Kingdom9.8. Rest of Europe
10. Company Profile
10.1. Belmond Maroma Resort & SPA
10.1.1. Company details10.1.2. Financial outlook10.1.3. Product summary10.1.4. Recent developments
10.2. Clarins Group SA
10.2.1. Company details10.2.2. Financial outlook10.2.3. Product summary10.2.4. Recent developments
10.3. Four Seasons Hotels Limited (Cascade Investment, L.L.C.)
10.3.1. Company details10.3.2. Financial outlook10.3.3. Product summary10.3.4. Recent developments
10.4. Gaia Retreat & SPA (Tattarang)
10.4.1. Company details10.4.2. Financial outlook10.4.3. Product summary10.4.4. Recent developments
10.5. InterContinental Hotels Group PLC
10.5.1. Company details10.5.2. Financial outlook10.5.3. Product summary10.5.4. Recent developments
10.6. Jade Mountain
10.6.1. Company details10.6.2. Financial outlook10.6.3. Product summary10.6.4. Recent developments
10.7. Lanserhof Group
10.7.1. Company details10.7.2. Financial outlook10.7.3. Product summary10.7.4. Recent developments
10.8. Mandarin Oriental International Limited (Jardine Matheson Holdings Limited)
10.8.1. Company details10.8.2. Financial outlook10.8.3. Product summary10.8.4. Recent developments
10.9. ME SPE Franchising, LLC
10.9.1. Company details10.9.2. Financial outlook10.9.3. Product summary10.9.4. Recent developments
10.10. Planet Beach Franchising Corporation
10.10.1. Company details10.10.2. Financial outlook10.10.3. Product summary10.10.4. Recent developments
10.11. Others
11. Conclusion
12. Reference Links
13. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Spa Market is projected to reach USD XX billion by 2033, growing at a CAGR of 10.85% during the forecast period.
Europe Spa Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 10.85% during the forecast period.
Europe Spa Market CAGR of 10.85% during the forecast period.
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The Europe is anticipated to have the highest Market share in the Europe Spa Market.
The key players in the Market include Companies Covered Planet Beach Franchising Corporation, Four Seasons Hotels Limited (Cascade Investment, L.L.C.), ME SPE Franchising, LLC, Jade Mountain, Mandarin Oriental International Limited (Jardine Matheson Holdings Limited), InterContinental Hotels Group PLC, Clarins Group SA, Lanserhof Group, Belmond Maroma Resort & SPA, and Gaia Retreat & SPA (Tattarang).
A spa is a place of wellness where curative baths are offered in mineral-rich spring water. Balneotherapy is the term for the range of health treatments that spa towns and resorts frequently offer.
Europe Spa Market size is USD XX billion from 2024 to 2033.
Europe Spa Market Segment is covered By Service Type.
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