The global spas and beauty salons market is anticipated to grow at a significant CAGR of 8.9% during the forecast period. The increasing awareness about gromming and selfcare is driving the spas and beauty salons market. People are more attracted towards the services and facilities of salons and spas which is increasing the demand of spas and salons across the globe.People are busy in their worklife due to which it is hard to manage and care about themselves, for which people choose to go to the salons and spas for the proper treatment, care and services. The global spas and salons market is projected to grow more during the forecast period as many new spas and salons are opening due to high spending by cosumers on luxuries self-care services. In the US, women tend to spend more—with the average woman spending $44 per month on services while men spend $39 on professional beauty servces. This led to the opening on new spas and salons globally. For instance, in March 2022, Indian Hotels Company (IHCL) announced the opening of Taj Exotica Resort & Spa, The Palm in Dubai. Additionally, in August 2021, Radisson Hotel Group announced the opening of its resort property in Lonavala. Apart from growing factors, recruitment and retention of skilled beauty professionals is the biggest challenge that may hamper the makret growth during the forecast period. 

Impact of COVID-19 Pandemic on Global Spas And Beauty Salons Market

During COVID-19 pandemic the client visits inspas and beauty salons were decreased due which there was decline in the growth of global spas and beauty salons market.. Due to travel restrictions and lockdown announced by the government globally, people started gromming themselves at home instead on going outside in order to avoid spreading of corona virus. Consumers started online purchasing beauty products and making DIY beauty packs to maintain their self-care routine. For instance, in December 2021, VedaOils has launched DIY Soap Making Kits, which can be personalised as per the customer's preferences,.

Segmental Outlook 

The global spas and beauty salons market is segmented based on the type. Based on the type, the market is sub-segmented intoday spas, hotel & resort spas, medical spas, and others. Among these, medical spas segment is projected to hold prominent share in the makret owing to the increasing medical toeuism globally demanding aesthetic cosmetic treatments and minimally invasive solution. Availability of best anti-ageing treatments, relaxing atmosphere, quality services provided by certified professionals and innovative and cutting-edge technology are leading to an increase in preference for medical spas.

Global Spas and Beauty Salons Market Share by End-User, 2021 (%)

The Day Spas Segment is expected to Hold the Major Share in the Global Spas and Beauty Salons Market

The travelling and staycation has been increased from last few years  which leads to the growth of spas and beauty salons.. People prefer to book day spas which include full access to the spa’s leisure facilities such as Swimming pool, Sauna, Steam room, laconicum, Hydrotherapy pool, and others. Many hotels are offering spa services for their customers. For instance, In March 2022, Marriott International has launched the ninth JW Marriott property in India with the launch of JW Marriott Bengaluru Prestige Golfshire Resort & Spa.

Regional Outlooks

The global spas and beauty salons market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  North America showed significant growth in the market in 2021, the region is further projected to hold lucrative share due to increasing medical spas in the region owing to increasing prevalence of skin diseases and high use of medical spas as a curative measure. 

Global Spas And Beauty Salons Market Growth, by Region 2022-2028

The Asia-Pacific Region Holds the Major Share in the Global Spas And Beauty Salons Market

The Asia –Pacific region is expected to grow during the forecast period dut to increase in the opening of new salons and spa in India. The demand of spas and salons are increasing in India and China due to the satisfactory services provided by the salons and spa. The growth in spas and salons market made many brands to open their salons in asia-pacific region. For instance, in March 2022, Marie Claire Paris, the exclusive French lifestyle brand launched Salon & Wellness centers in Bangalore, Hyderabad, Pune, Chennai, New Delhi and Vadodara. Additionally, in December 2021, Haute Coiffure brand Dessange Salon and Spa launch in Bangalore. Dessange Paris offers premium beauty treatments and hair services ranging from acrylic nail extensions to extensive hair color services like the popular French balayage. 

Market Players Outlook

The major companies serving the global electric hair styling tools market include Madeline Wade Stylist Studio, First Choice Haircutters Ltd., Fantastic Sams Franchise Corporation, The Snip-its Franchise Co., LLC, Hammer & Nails Salon Group LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Marie Claire Paris, the exclusive French lifestyle brand launched its first franchise Just Nails Studio Kiosk outlet in the city of Mumbai at Viviana mall, Thane.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global spas and beauty salons market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.