North America Spa Market Trends, Share, Demand, Revenue, Competition and Future Outlook
North America Spa Market Growth, Size, Trends Analysis- By Spa Type, By Service Type, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: FMCG24176 | Pages: 1 - 157 | Formats*: |
| Category : Consumer & Retail | |||
North America Spa Market Introduction and Overview
According to SPER Market Research, the North America Spa Market is estimated to reach USD 51265.37 million by 2033 with a CAGR of 12.81%.
The report includes an in-depth analysis of the North America Spa Market, including market size and trends, product mix, applications, and supplier analysis. The word "spa services" refers to a broad category of services that are administered by professionals and are designed to revitalise the body and mind. These services include body massages, facials, manicures, pedicures, and body treatments. These individualised services are skilfully crafted to provide their clients with wellness, health, enjoyment, and peace of mind. Additionally, they help with stress management, medical illnesses, bodily detoxification, weight loss, and immune system stimulation.
- November 2022: The 111,000 square foot headquarters of Nordic Products Inc., a U.S. hot tub company based in West Michigan, was purchased by private equity firm Monomoy Capital Partners LP. The business serves customers in North America and Europe in the reasonably priced, upscale residential massage hot tub market. The acquisition would facilitate the company's business expansion in the United States.
- In September 2022: the global provider of meeting, wellness, and amenity services Arch Amenities Group acquired Innovative Spa Management, a U.S.-based spa clinic management company, along with other companies like Privai LLC and Spa Space. The acquisition was made to expand the company's clientele and adopt a dynamic technology platform for operations management.
- January 2022: Artesian Spas and Marquis Hot Tubs were purchased by Monomoy Capital Partners LP, a financial firm with headquarters in New York, to begin offering platform solutions for spa management and spa facilities around the country.
Market Opportunities and Challenges
Opportunities- The North American Spa Market is predicted to expand during the forecast period. As people's understanding of wellness grows. The North American spa services market is being driven by an increasing number of luxury services as well as increased interest in full body massage and other wellness drugs in the United States and Canada. One of the key drivers of the spa sector is a significant improvement in the health industry. However, growing public concern about medical problems is propelling the industry forward. Because of rapid urbanisation, sedentary lifestyles, and the stressful schedules of working people, there is a growing demand for relaxing spas to relieve tension and stress. These factors are projected to propel the market throughout the forecast period.
Challenges- Spa services, such as treatments, therapies, and memberships, can be prohibitively expensive for many consumers. Expensive pricing structures may discourage people from using spa services regularly or exploring new treatments. As a result, the greater cost of the majority of packages, which are out of reach for the general public, may limit market expansion. The spa-service business is also subject to several regulations and compliance requirements, such as health and safety standards, licenses, and certifications. Furthermore, tight rules may limit market innovation and expansion, reducing growth potential. Furthermore, regulatory authorities enforce a number of severe requirements on the operation of such facilities to safeguard the safety of both personnel and guests.
Market Competitive Landscape
The North America Spa market is highly competitive due to presence of several key players. Key market 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, 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 Spa Type, By Service Type, By End-User |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America |
| 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, Gaia Retreat & SPA (Tattarang). |
COVID-19 Impact on North America Spa Market
Many governments implemented lockdowns and social distancing measures in response to the COVID-19 epidemic, which led to the temporary closure of spas and wellness centres. Furthermore, activities in the spa-service industry were severely affected and revenue losses resulted from limitations on non-essential companies, such as spas. Additionally, worries about intimate physical contact and shared spaces decreased customer demand for spa treatments, which had an effect on the earnings and profitability of spa companies. To maintain their well-being throughout the epidemic, customers increasingly turned to at-home wellness practices and do-it-yourself treatments, but access to professional spa services was restricted.
Key Target Audience:
- Affluent Consumers
- Health and Wellness Enthusiasts
- Corporate Professionals
- Tourists and Travelers
- Fitness and Sports Enthusiasts
Our in-depth analysis of the North America Spa Market includes the following segments:
| By Spa Type: | |
| By Service Type: | |
| By End-User: |
Key Topics Covered in the Report:
- North America Spa Market Size (FY’2024-FY’2033)
- Overview of North America Spa Market
- Segmentation of North America Spa Market By Spa Type (Hotel/Resorts Spa, Day/Salon Spa, Destination Spa, Medical Spa, Mineral Spring Spa, Others)
- Segmentation of North America Spa Market By Service Type (Massage Therapies, Facials, Body Treatments, Salon Services, Others)
- Segmentation of North America Spa Market by End-User (Women, Men)
- Statistical Snap of North America Spa Market
- Expansion Analysis of North America Spa Market
- Problems and Obstacles in North America Spa Market
- Competitive Landscape in the North America Spa Market
- Impact of COVID-19 and Demonetization on North America Spa Market
- Details on Current Investment in North America Spa Market
- Competitive Analysis of North America Spa Market
- Prominent Players in the North America Spa Market
- SWOT Analysis of North America Spa Market
- North America 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 source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Spa Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Spa Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Spa Market
7. North America Spa Market, By Spa Type (USD Million) 2020-2033
7.1. North America Spa Market Size, Share and Forecast, By Spa Type, 2020-20267.2. North America Spa Market Size, Share and Forecast, By Spa Type, 2027-20337.3. Hotel/Resort spa7.4. Destination Spa7.5. Day/Salon Spa7.6. Medical Spa7.7. Thermal/Mineral Spring Spa7.8. Others
8. North America Spa Market, By Service Type (USD Million) 2020-2033
8.1. North America Spa Market Size, Share and Forecast, By Service Type, 2020-20268.2. North America Spa Market Size, Share and Forecast, By Service Type, 2027-20338.3. Massage Therapies8.4. Facials8.5. Body Treatments8.6. Salon Services8.7. Others
9. North America Spa Market, By End-User (USD Million) 2020-2033
9.1. North America Spa Market Size, Share and Forecast, By End-User, 2020-20269.2. North America Spa Market Size, Share and Forecast, By End-User, 2027-20339.3. Women9.4. Men
10. North America Spa Market Forecast, 2020-2033 (USD Million)
10.1. North America Spa Market Size and Market Share
11. North America Spa Market, By Region, 2020-2033 (USD Million)
11.1. North America Spa Market Size and Market Share By Region (2020-2026)11.2. North America Spa Market Size and Market Share By Region (2027-2033)11.3. Canada11.4. Mexico11.5. United States11.6. Cuba11.7. Panama11.8. Greenland11.9. Rest of North America
12. Company Profile
12.1. Planet Beach Franchising Corporation12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Four Seasons Hotels Limited (Cascade Investment, L.L.C)12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. ME SPE Franchising, LLC12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Jade Mountain12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Mandarin Oriental International Limited (Jardine Matheson Holdings Limited)12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. InterContinental Hotels Group PLC12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Clarins Group SA12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Lanserhof Group12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Belmond Maroma Resort & SPA12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Gaia Retreat & SPA (Tattarang)12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
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
North America Spa Market is projected to reach USD 51265.37 million by 2033, growing at a CAGR of 12.81% during the forecast period.
North America Spa Market grew in Market size from 2024. The Market is expected to reach USD 51265.37 million by 2033, at a CAGR of 12.81% during the forecast period.
North America Spa Market CAGR of 12.81% during the forecast period.
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North America Spa Market size is USD 51265.37 million from 2024 to 2033.
North America Spa Market is covered By Spa Type, By Service Type and By End-User
The North America is anticipated to have the highest Market share in the North America 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, Gaia Retreat & SPA (Tattarang).
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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