Product ID: SQSG25J2012
Report ID:
SQSG25J2012 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
76
Globally, Asia Pacific dominated the spa market with a significant growth rate and healthy market share in 2021. Easy availability of spa services and growing awareness for full body massage and beauty treatments are the major factor for the growth of spa industry in the region. In addition, improvement in lifestyle along with the rapid expansion in the number of tourists in developing countries such as India and China are another major factor responsible for the growth of spa market.
Furthermore, North American region is expecting highest growth rate during the forecast period. Increase in the luxurious service facilities and development of new spa therapies are the major factors expected to drive the growth in the region over the forecast period. According to our findings, there are more than 21,500 spa locations across the United States, around 173 million Americans visited to spas across the United States, and almost 3,66,000 employees are currently working in the spa industry.
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REQUEST FREE CUSTOMIZATIONSpa Market size was valued at USD 53.4 billion in 2019 and is poised to grow from USD 60.22 billion in 2023 to USD 155.61 billion by 2031, growing at a CAGR of 12.6% in the forecast period (2024-2031).
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Product ID: SQSG25J2012