Spa in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A spa is a facility that promotes well-being by providing therapeutic and other professional services aimed at renewing the body, mind, and spirit. Increased investment in technological advancements to provide personalized solutions and enhance the consumer experience is one of the major factor driving the market growth. Growing awareness of self-care and demand for stress relief and relaxation aids is another factor driving the growth.
- The Chinese spa market had total revenues of $10,286.5 million in 2022, representing a compound annual growth rate (CAGR) of 4.5% between 2017 and 2022.
- The hotel/resort spa segment accounted for market's the largest proportion in 2022, with total revenues of $5,461.5 million, equivalent to 53.1% of the market's overall value.
- The revival of economic activity, including increased consumer spending, contributed to the growth of the spa market. An increase in travel and tourism in the country became crucial for the rise in spa market demand. For instance, according to in-house research, the Chinese travel and tourism industry grew by 26.2% in 2022 to reach a value of $1,130.6 billion.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in China
- Leading company profiles reveal details of key spa market players' global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China spa market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the China spa market by value in 2022?
- What will be the size of the China spa market in 2027?
- What factors are affecting the strength of competition in the China spa market?
- How has the market performed over the last five years?
- Who are the top competitors in China's spa market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Mandara Spa LLC
- Anantara Hotels, Resorts & Spas
- The Ritz-Carlton Shanghai, Pudong
