The spas and beauty salons market for South America, Central America, and North America is prophesied to witness a high concentration on changing consumer preferences by industry players to gain a strong foothold. In this regard, they could look to enhance their portfolio of spa and beauty services and products as the demand towers sky high. Spa and beauty owners are anticipated to hire well-trained beauticians capable of determining specific consumer needs and achieving the desired results. Several beauty outlets are depending on expansion of services to special skin treatments, hand, feet, and hair therapies, and beauty training programs to attract new customers.
The South America, Central America, and North America spas and beauty salons market is forecasted to reach a whopping US$138.2 bn by 2020 from a US$104.3 bn in 2016, according to a published report by Transparency Market Research (TMR). In terms of both number of spas and beauty salons and revenue, North America is anticipated to demonstrate dominance by accounting for an almost 60.0% share in the Americas spas and beauty salons market by the end of the forecast period.
Stressed and Looks-conscious Consumers Throng Spas and Beauty Salons
The spas and beauty salons market in South America, Central America, and North America is predicted to bear a glowing future outlook as the demand for offerings related to stress management increases. Spa and beauty salon owners could leverage the opportunity to offer wellness solutions aimed toward the improvement of personal well-being and as consumers get overly conscious about their appearance.
The improved quality of services in spas and beauty salons propelled by the hiring of professional staff trained as per international standards is deemed as another driving force for the Americas spas and beauty salons market to swell its growth.
The rise in the count of standard and sophisticated customers using spa and beauty salon services is envisaged to entice new opportunities to take birth. This is expected to put an optimistic influence on the economies of all the three regions in the Americas spas and beauty salons market. The market is anticipated to gain more impetus on the back of the gradual enlightenment of consumers with valuable information and sanguine birthing of a knowledge-based society.
Dearly Cost of Top-drawer Services Advocates Somnolent Growth
The high cost of top-of-the-line spa and beauty services could slow down the revenue growth of the South America, Central America, and North America spas and beauty salons market. However, with rising disposable income of consumers in the Americas, this restraint is foreseen to lose its grip on the market. A host of market opportunities could arise from the altering perception toward personal care which has birthed special spa services, including relaxation tranquility massage and therapies that stimulate cellular renovation.
The need to provide state-of-the-art and upscale spa and beauty services has offered a lucrative opportunity for novice beauticians to associate with the leading brands in the industry and gain significant experience. This is due to the stringent and sophisticated training that the hired beauticians are required to undertake and the practical environment they are exposed to.
Besides training their workforce on international-standard techniques and machinery, several players are foretold to update their portfolios with up-to-the-minute therapies to embark on a stronger position in the industry. Some of the top names in the Americas spas and beauty salons market are Robert James Salon and Spa, Metropolis Salon & Dry Bar, The Roose Parlour and Spa, Salon U, and Muse Salon & Spa LLC.
The study presented here is based on a report by TMR, titled “Spas and Beauty Salons Market - South America, Central America, and North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014–2020.”
Americas Spas and Beauty Salons Market - Regional Analysis
- South America
- Central America
- North America
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