The latest report on “Spas and Beauty Salons Market (Spas Types – Day Spas, Club Spas, Medical Spas, and Other Spas Types; Beauty Salons Types – Hair Salons, Waxing Salons, Nail Salon, Tanning Salon, and Other Beauty Salons Types): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global spas and beauty salons market is projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.
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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.
Rising Wellness Tourism Drives the Growth of Spas And Beauty Salons Market
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.
Europe is Anticipated to Hold the Largest Share in the Global 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.
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The report provides profiles of the companies in the market such as Metropolis Salon & Dry Bar, The RooseParlour and Spa, Butterfly Studio Salon & Spa, Robert James Salon and Spa, Muse Salon & Spa LLC, MetodoRossano Ferretti Salon, Paul Labrecque Salon & Spa, Madeline Wade Studio, Salon U, Bradley &Diegel Salon, and Other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the spas and beauty salons.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.