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Spas and Beauty Salons Market (Spas Types - Day Spas, Hotel & Resort Spas, Medical Spas, and Other Spas Types; Beauty Salons Types - Hair Salons, Waxing Salons, Nail Salon, Facials and Skin Care Salon, and Other Beauty Salons Types): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : February, 2021

  • Rep Id : CGP0132

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on spas and beauty salons market provides in-depth analysis of segments and sub-segments in the global as well as regional spas and beauty salons market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional spas and beauty salons market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global spas and beauty salons market. According to the report, the global spas and beauty salons market is projected to grow at a CAGR of 8.9% over the forecast period of 2020-2026.

 

Market Insight

The major players in the spas and beauty salons market are using innovative marketing strategies to make customers aware of their services. The key players are adopting a franchise strategy for the expansion of business operations. The spa and salon concept is more than a therapeutically ritual for the body. People are spending more on body and hair treatments, which had increased the demand for spas and the beauty salon market.

 

The rising wellness tourism drives the growth of the spas and beauty salons market. The growing concern for personal care and the rapidly changing lifestyle contributes to the growth of the market. Furthermore, the organic beauty boom and rising consumer awareness propel the growth of spas and beauty salons market. Additionally, increasing demand for spa and salon treatment from teenagers fuels the growth of the market. On the flip side, spa treatments that include water such as hot whirlpool baths, communal pools have the potential to transmit various germs. The risk of getting infected with diseases such as Legionnaires' disease hamper the growth of spas and beauty salons market. Moreover, research and development create novel opportunities for the growth of spas and beauty salons market. However, the requirement of skilled beauty and wellness professionals. Recruitment and retention of skilled professionals is the biggest challenge faced by the spas and beauty salons market. There are new innovation and value-added services provided by spas and beauty salons that create opportunities for the growth of the spas and beauty salons market.

 

Europe is anticipated to hold the largest share in the global spas and beauty salons market. The rising awareness about beauty and wellness drives the growth of the spas and beauty salons market in Europe. Asia-Pacific region is expected to grow in the global spas and beauty salons market with a healthy CAGR over the forecast period. The increasing number of international players in emerging economies like India fuel the growth of the spas and beauty salons market in the Asia-Pacific region. Moreover, a strategic framework to promote private sector growth and entrepreneurship is contributing to the growth of the market in this region. Moreover, investing heavily in tourism, infrastructure, and labor market and various tourist Investment fund is driving the growth of the spas and beauty salons market.

 

Spas and Beauty Salons Market



Segment Covered

The report on global spas and beauty salons market covers segments such as spas types, and beauty salons types. On the basis of spas types, the sub-markets include day spas, hotel & resort spas, medical spas, and other spas types. On the basis of beauty salons types, the sub-markets include hair salons, waxing salons, nail salon, facials, and skin care salon, and other beauty salons types.

 

Companies Profiled:

The report provides profiles of the companies in the market such as 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 Studio, Salon U, and Bradley & Diegel Salon,.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of spas and beauty salons market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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