Spa Market in Europe to grow at a CAGR of 8.60% during the period 2016 - 2020; Finds New Report

Report forecast the spa market in Europe to grow at a CAGR of 8.60% during the period 2016-2020.

The spa market in Europe contributed about 40% of the global spa market by retail value in 2015. Countries in Western Europe experienced healthy growth despite unfavorable economic environment. Specialized urban spas and boutique hotels in the region offer differentiated services to customers at different pricing options. Rising investments in the hospitality and spa sector have significantly helped the growth of the market in this region.

The report covers the present scenario and the growth prospects of the spa market in Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from the spa services.

According to the report, one of the major drivers for this market is innovative service offerings by spa players. The vendors of the market come up with different offerings in terms of services, the location of the spa, the architecture, or the different product offerings. Unique services offered by spas and the variety of treatments administered by expert professionals are adding to the popularity of spas.

Further, the report states that one of the major factors hindering the growth of this market is low point of differentiation compared to salons. One of the major challenges faced by the spa industry in Europe is the competition faced from salons providing body and face treatments in addition to hair services. Services offered by spa bars such as massages and facials are available in salons as well. Hence, the point of differentiation is decreasing.

Spa Market in Europe 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the spa market in Europe: Lanserhof, Ritz-Carlton, Clarins, and Fonteverde.

Other Prominent Vendors in the market are:  VILA VITA VITAL SPA, Clinique La Prairie, Lefay Resort & Spa Lago di Garda, Chelsea Day Spa, Nirvana Spa, Four Seasons Spa, The Bulgari Spa, Thermae Bath Spa, and Terme di Saturnia.

Market driver

• Innovative service offerings by spa players
• For a full, detailed list, view our report

Market challenge

• Low point of differentiation compared to salons
• For a full, detailed list, view our report

Market trend

• Personalization of products and services
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 64 pages and 30 Exhibits “Spa Market in Europe 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Country overview, Market segmentation by spa types, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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