About Spas and Beauty Salons
The spa and salons industry is one of the emerging segments in the personal care industry. COVID-19 impacted many industries, spas and saloons are also hits hard. As per the study, the United States hair care services industry includes more than 80,000 establishments with more than USD 20 billion in the year 2020. As per stats, the global spa industry is expected to grow USD 127.6 billion by the year 2022.
Attributes | Details |
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Study Period | 201-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new solution launches, and collaborations as their strategies. Key players are exploring new areas through expansions and acquisitions across the world to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Spas and Beauty Salons market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L’Oreal (France), Beauty Connection Spa (United Arab Emirates), Carita the House of Beauty (France), John Barrett (United States), Kosmetikinstitut Aurora Innsbruck (Austria), Maison de Joelle Jumeirah Dubai (United Arab Emirates), Bijin Salon & Spa (United States), Salon Next (United States), The Factory Salon (Canada) and Salon Cielo (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Roose Parlour & Spa (United States), Lakme Salon (India) and Muse Salon and Spa (United States).
Segmentation Overview
AMA Research has segmented the market of Global Spas and Beauty Salons market by , Application (Hotel/Resort Spa, Destination Spa, Day Spa, Medical Spa and Mineral Spring Spa) and Region.
On the basis of geography, the market of Spas and Beauty Salons 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 Services, the sub-segment i.e. Salon will boost the Spas and Beauty Salons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wellness, the sub-segment i.e. Hair Care will boost the Spas and Beauty Salons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gender, the sub-segment i.e. Male will boost the Spas and Beauty Salons market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Personalization of Products and Services, Increase Awareness in Fitness and Yoga in Spa Facilities and Growing Demand for the Natural and Organic Procedures
Market Growth Drivers:
Growing Awareness towards Personal Health Care, Increase in Disposable Income across Emerging Economies and Development in Immunity Boosting Treatments Expects Huge Growth
Challenges:
Lack of Professional Expertise
Restraints:
The Slowdown in Economy Because of COVID-19 Pandemic
Opportunities:
Increase in Number of Spa Franchises, The Rise in Trends on Social Media Video Logs and Europe Regions Holds Major Market Share Because Of Growing Number of Middle Income Group
In Aug 2021, Body Spa Salons announced the enhancement of their geographical reach in two new locations. The company dominated the salon industry across California, Nevada, and Arizona. Through this initiative, the company becomes more competitive in this industry to gain major market revenue.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Spas and Beauty Salons Solutions, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.