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Spa in South Korea

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    Report

  • 33 Pages
  • June 2024
  • Region: South Korea
  • GlobalData
  • ID: 6025329
Spa in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). 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. The market value includes revenue generated by the market players in a specific year.
  • The South Korean spa market recorded revenues of $1.72 billion in 2023, representing a compound annual growth rate (CAGR) of 0.4% between 2018 and 2023.
  • The day/club/salon spa segment accounted for the market's largest proportion in 2023, with total revenues of $880.5 million, equivalent to 51.2% of the market's overall value.
  • South Korea accounted for 5.6% of the market share in the Asia-Pacific spa market.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the spa market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the spa market in South Korea
  • 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 South Korea spa market with five year forecasts by both value and volume

Reasons to Buy

  • What was the size of the South Korea spa market by value in 2023?
  • What will be the size of the South Korea spa market in 2028?
  • What factors are affecting the strength of competition in the South Korea spa market?
  • How has the market performed over the last five years?
  • Who are the top competitors in South Korea's spa market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the most recent notable developments in the market?
7.4. What are the new trends in the market?
7.5. What are some of the challenges faced by the leading players in the market?
8 Company Profiles
8.1. The Spa by Grand Hyatt Seoul
8.2. The Spa at Four Seasons Hotel Seoul
8.3. Conard Seoul
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related the analyst research
10.4. About the Analyst
List of Tables
Table 1: South Korea spa market value: $ million, 2018-23
Table 2: South Korea spa market category segmentation: % share, by value, 2018-2023
Table 3: South Korea spa market category segmentation: $ million, 2018-2023
Table 4: South Korea spa market geography segmentation: $ million, 2023
Table 5: South Korea spa market value forecast: $ million, 2023-28
Table 6: The Spa by Grand Hyatt Seoul: key facts
Table 7: The Spa at Four Seasons Hotel Seoul: key facts
Table 8: Conard Seoul: key facts
Table 9: South Korea exchange rate, 2018-23
List of Figures
Figure 1: South Korea spa market value: $ million, 2018-23
Figure 2: South Korea spa market category segmentation: $ million, 2018-2023
Figure 3: South Korea spa market geography segmentation: % share, by value, 2023
Figure 4: South Korea spa market value forecast: $ million, 2023-28
Figure 5: Forces driving competition in the spa market in South Korea, 2023
Figure 6: Drivers of buyer power in the spa market in South Korea, 2023
Figure 7: Drivers of supplier power in the spa market in South Korea, 2023
Figure 8: Factors influencing the likelihood of new entrants in the spa market in South Korea, 2023
Figure 9: Factors influencing the threat of substitutes in the spa market in South Korea, 2023
Figure 10: Drivers of degree of rivalry in the spa market in South Korea, 2023

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Spa by Grand Hyatt Seoul
  • The Spa at Four Seasons Hotel Seoul
  • Conard Seoul