A recent report published by Infinium Global Research on spas and
beauty salons market provides an 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, forecast
and dollar values of 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 2019-2025.
The major players in 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. Spas and salons are focusing on male grooming with a rising number
of unisex salons.
The rising wellness tourism drives the growth of spas and beauty
salons market. The growing concern for personal care and the rapidly changing
lifestyle contribute to the growth of spas and beauty salons market. The
organic beauty boom and rising consumer awareness propel the growth of spas and
beauty salons market. The increasing demand for spa and salon treatment from
teenagers fuels the growth of spas and beauty salons 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. There are new innovation and
value-added services provided by spas and beauty salons that create
opportunities for the growth of spas and beauty salons market.
On the basis of geography, the global spas and beauty salons
market is divided into North America, Europe, Asia-Pacific, and the Rest of the
World. 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 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 countries like India fuel the growth of the spas and beauty salons market in
the Asia-Pacific region.
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, club spas, medical spas, and other spas types. On
the basis of beauty salons types, the sub-markets include hair salons, waxing
salons, nail salon, tanning salon, and other beauty salons types.
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, Bradley & Diegel Salon, and Other companies.
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 forecast from 2019-2025. 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.