A new Transparency
Market Research report states that the Americas spas and
beauty salon market stood at US$85.1 bn in 2013 and is predicted to
reach US$138.2 bn by 2020. It is predicted to expand at a CAGR of
7.20% from 2014 to 2020. The title of the report is “Spas
and Beauty Salons Market - South America, Central America
and North America Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2014 – 2020.”
As stated in the
report, the growing consumer preference for personal care and the
ongoing efforts to enhance the general wellbeing of the population
are amongst the chief factors fuelling the Americas spas and beauty
salon market. In addition, the increasing preference of consumers to
enhance their personal appearance has also augmented the growth of
the market for spas and beauty salon in the Americas. There is an
increasing level of stress, both mental and physical, amongst
consumers of varied age groups in the Americas. This is why a number
of consumers have started to opt for therapies offered by numerous
spas and beauty salons in order to attain instant relief from muscle
and joint pains. Thus, the growing preference of consumers towards
numerous therapeutic massage techniques is also having a positive
impact on the market for spas and beauty salons in the Americas.
According to the
report, a number of new and advanced services and machinery have been
introduced by numerous spas and beauty salons within the Americas for
improving the results, hence boosting the overall growth of the
Americas spas and beauty salon market. Furthermore, the majority of
spas and beauty salons within the Americas have hired a qualified
workforce and are providing a number of training programs in order to
meet the international standards for enhanced service delivery. This
will further augment the growth of the market.
On the basis of
geography, the report segments the Americas spas and beauty salon
market into Central America, South America, and North America.
Amongst these, North America led the market in 2013 and was trailed
by South America. The reason for the superiority of North America is
the rising consumer awareness about the benefits of spas and beauty
salon services. Within North America, the U.S. holds the largest
share in the market. On the other hand, within South America,
Colombia and Argentina dominate the spas and beauty salons market.
Nicaragua and Panama within the region of Central America are
predicted to lead the market for spas and beauty salons during the
forecast horizon.
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According to the
report, the prominent spas and beauty salons in Central America,
South America, and North America include Salon U, Muse Salon &
Spa LLC, The Roose Parlour and Spa, Robert James Salon and Spa,
Metropolis Salon & Dry Bar, Butterfly Studio Salon & Spa,
John Barrett Salon, Chris Chase Salon, Metodo Rossano Ferretti Salon,
Bradley & Diegel Salon, and Madeline Wade, among others.
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