Spas and Beauty Salons Market by Type (Spas and Beauty Salons), by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Perspective, Comprehensive Analysis, and Forecast 2017-2024

Global spas and beauty salons market expected to reach approximately USD 190.81 billion in 2024, growing at a CAGR of slightly above 5.80% between 2018 and 2024. Global spas and beauty salons market has a huge potential comprising of both men and women beauty and personal care products and services.

05-Jul-2018 | Number of pages: 110 | Report Code: ZMR-1876 | Report Format : | Status : Published

Analysis

The global population has become beauty, health, and wellness conscious and thus consumers are opting for various beauty-enhancing and personal care products available in the market. In earlier days, during the industrial development phase, the operation and revenue of spas and beauty salons were on a very small scale. However, changing lifestyle and demand for wellness solutions and services resulted in the high adoption of spas and beauty salons. In today’s world, the concept of going to spas and salons are for getting relaxation, therapeutic treatments, and rejuvenation from the hectic daily schedule. Irrespective of gender, everybody has a will to look beautiful and thus the fashion or beauty conscious people around us are turning towards spas and beauty salons.

The services offered by spas and salons include haircut, coloring or bleaching, tanning, nail treatments, waxing, facial aesthetic, aromatherapy, mud baths, and massages among other services. The factors that are driving the growth of the market are increased focus on personal appearance, preference for healthy lifestyles, as well as new and advanced developments and services offered by spas and salon industry. The destination and hotel spas segment is expected to offer significant growth in the spa services during the forecast period.

Global Spas and Beauty Salons Market

Some of the other factors that are fueling the growth of global spa and salon industry are growing geriatric population, hectic lifestyles in metropolitan areas, and rise in customer spending on wellness and beauty products as they help to get relieved from stress. In order to attract more and more consumers the hotels and resorts spas are also offering recreational facilities such as a swimming pool to the customers. Several beauty salons are offering complex skin care treatment services to satisfy growing consumer needs. The major factor which is expected to obstruct the growth of this market is the expensive products and service costs charged by the spa and salon industry. Also, the professionals who handle customers need to be properly trained, meeting the standards set by the industry. The ever-increasing demand from the teenagers across the world towards spas and beauty salons is expected to provide significant opportunities in this market.

Market segmentation of global spas and beauty salons market is based on type and region. The type segment is categorized into spas and beauty salons. The spas segment is further categorized into day spas, club spas, medical spas, destination spas, mineral springs spas, and resort and hotel spas. Hair salon, waxing salon, nail salon, tanning salon, facials and skin care salon, and the full-service salon is the sub-segments included in beauty salons segment. Regional segmentation of the spas and beauty salons market include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country wise bifurcation into major countries such as the U.S., the UK, France, Germany, China, Japan, India, and Brazil.

The major players operating in the global spas and beauty salons market are Metropolis Salon & Dry Bar, The Roose Parlour and Spa, Butterfly Studio Salon & Spa, Robert James Salon and Spa, Muse Salon & Spa LLC, Metodo Rossano Ferretti Salon, Paul Labrecque Salon & Spa, Madeline Wade, and Salon U, among others.


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