Lewes, DE -- (SBWire) -- 04/25/2016 --Report forecast the global spa market to grow at a CAGR of 8.7% during the period 2016-2020.
With increasingly hectic lifestyles and a rise in healthcare costs, many people are looking for ways to get and stay healthy. Spas offer a way for people to jump start a good and healthy lifestyle and there are multiple options for consumers to choose. The decision to go to a specific spa could stem from reasons like needing to get away or even due to doctor's orders. Spas are a great place to get help with a new diet and also an exercise regimen, which suits a specific lifestyle.
The report covers the present scenario and the growth prospects of the global spa market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from spa services offered by:
- Day, club, and salon spas
- Hotel and resort spas
- Medical spas
- Destination spas and health resorts
- Other spas (includes thermal and mineral spas)
The market is divided into the following segments based on geography:
- Europe
- APAC
- North America
- ROW
According to the report, rapid globalization has resulted in the expansion and growth of the spa industry globally. Large players have established global networks to reduce their costs in the highly competitive market environment. Efficient integration of technology by stakeholders and the global reduction of trade and investment barriers have aided the globalization of the spa market. Developing countries are especially interested in attracting global players operating in the spa industry.
Further, the report states that the shortage of skilled labor is currently one of the prime concerns in the spa industry. One of the main reasons for this shortage, which is particularly significant at the management level, is the lack of competitive training.
Global Spa Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Spa Market: Hot Springs Resort and Spa, Massage Envy, Lanserhof, Rancho La Puerta, and St. Regis Aspen Resort.
Other Prominent Vendors in the market are: Reflections Medical Spa, Young Medical Spa, Clinique La Prairie, Aspira Spa, Cal-a-Vie Health Spa, Canyon Ranch Lenox, Hand and Stone, Woodhouse Day Spa, Agua Spa, The Spa at The Oberoi, Emirates Palace Spa, Four Seasons Spa, The Mineral Spa, Terme di Saturnia Spa & Golf Resort, and Fernland Spa Thermal Mineral Springs.
Market driver
- Globalization of companies
- For a full, detailed list, view our report
Market challenge
- Highly fragmented market
- For a full, detailed list, view our report
Market trend
- Personalization of products and services
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 55 pages and 34 Exhibit "Global Spa Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Global profile, Market segmentation by spa type, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-spa-market-2016-2020
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