The Rising Demand for Spa and Salon Treatment from Teenagers Propel the Growth of Spas and Beauty Salons Market

Business Jul 27, 2019 at 15:39

What are the Cost and Revenue Drivers of Spas and Beauty Salons Industry?

The increasing concern for personal care and the rapidly changing lifestyle drive the growth of spas and beauty salons market. The growing wellness tourism contributes to the growth of spas and beauty salons market. The organic beauty boom and consumer awareness promote the growth of spas and beauty salons market.

The rising demand for spa and salon treatment from teenagers propel the growth of spas and beauty salons market. On the other hand, spa treatments that include water such as hot whirlpool baths, communal pools that can transmit various germs.

The threat of getting infected with diseases such as Legionnaires’ disease hinders 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.

Growing Segments in the Spas and Beauty Salons Industry

The spas and beauty salons market is segmented on the basis of type. The spas type include day spas, club spas, medical spas, and other types. Medical spas are expected to hold a major share in the type segment of spas and beauty salons market owing to rising awareness about the benefits of these spas. The beauty salon types include hair salons, waxing salons, nail salons, tanning salons, and other types.

Market Size and Growth of the Global Spas and Beauty Salons Market

The major players in global spas and beauty salons market are The Roose Parlour and Spa, Metropolis Salon & Dry Bar, Butterfly Studio Salon & Spa, Paul Labrecque Salon & Spa, Muse Salon & Spa LLC, Metodo Rossano Ferretti Salon, Robert James Salon and Spa, Madeline Wade Studio, Salon U, Bradley & Diegel Salon, and other companies. Companies are focusing on strategies such as franchisee to expand their market share.

Leading Region in the Spas and Beauty Salons Market

Geographically, Europe is anticipated to be dominant in the global spas and beauty salons market. The growing awareness about beauty and wellness contributes to the growth of spas and beauty salons market in Europe. Asia-Pacific region is anticipated to grow in the global spas and beauty salons market with a healthy CAGR over the forecast period. The rising number of international players in countries like India propel the growth of spas and beauty salons market in the Asia-Pacific region.