Scope of the Study
Spa equipment is used for bathing, massaging the feet during a spa and soaking. It is used in various application such as beauty salon, leisure place, among other. Increase in the number of spa industry will directly affect the growth of spa equipment market. For instance, according to government of United States, in 2017, the United States spa industry was more than 187 million United States visitors. Hence, rising number of spa industry and increasing awareness among consumer regarding the benefit of spa equipment are projected to drive the global spa equipment market over the forecast period.
The market study is being classified by Type (Portable Massage Chairs, Body Care Equipment, Skin Care Equipment, Wax Warmers, Facial Steamers and Other), by Application (Beauty Salon, Leisure Place and Other) and major geographies with country level break-up.
Saian, LLC (United States), William Marvy Company, Inc. (United States), Radiancy, Inc. (United States), Edge Systems Corporation, weifang km electronics co. ltd (China), Astron Clinica Ltd (United States), Touch America Holdings Inc. (United States), Dectro International (Canada), Junior Achievement (United States) and Guangzhou Betury Technology Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Foshan Homely Furniture Co., Ltd. (China), GuangZhou HuaFei TongDa Technology Co., Ltd (China), Equipro (Canada), Collins (United States), Canadian spa co. (Canada) and Gharieni Group GmbH (Germany.
The spa equipment market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Saian, LLC (United States), William Marvy Company, Inc. (United States), Radiancy, Inc. (United States), among others Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Spa Equipment market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Spa Equipment market by Type, Application and Region.
On the basis of geography, the market of Spa Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online will boost the Spa Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Resorts will boost the Spa Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Jet Bath will boost the Spa Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rise in Wellness Tourism and Personalization of Product and Service across the World
- Increasing Adoption of Spa Service in Tier 2 and Tier 3 Cities Worldwide
Market Trend
- Changing lifestyle among Teenager regarding the Usage of Spa Service
Restraints
- Lack of Certified Training Institute and Lack of Standardization in Some Countries
- Stringent Regulation Regarding Safety Rules For Manufacturing Spa Equipment Products
Opportunities
- Growing Demand from Emerging Economics such as china, India, Brazil, among others
Challenges
- Lack of Presence of Skilled Labor and Rising Competition in the market
According to the Government of the United States, Every licensee is required to stay up to date and be aware of any changes in their state’s regulations. Any changes may affect what treatments you perform or how you perform them. The FDA regulates spa equipment based on safety standards. The FDA does not determine if a technician is allowed to perform a service. Hence, it may act as a hamper for market growth.
Key Target Audience
Manufacturers of Spa Equipment, Suppliers of Spa Equipment, Wholesalers, Distributors and Retailers of Spa Equipment, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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