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
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
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.
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,.
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.