Industry Analysis & Industry Trends
Operators in the Hair and Nail Salons industry have begun to offer a variety of new products and services to boost revenue and leverage rising consumer spending. As a result, industry revenue has grown over the past five years. In the coming years, demand for industry services is expected to accelerate thanks to improving disposable income. Declining unemployment over the next five years is expected to drive per capita disposable income growth and boost demand for price-premium services offered by this industry... purchase to read more
Industry Report - Industry Investment Chapter
The Hair and Nail Salons industry has a low level of capital intensity. This is similar to other personal service industries, which are labor-intensive. In 2016, for every dollar spent on wages, operators will spend an estimated $0.08 in capital investment. As a personal service industry, the industry relies heavily on labor and there are not many opportunities for increased mechanization.
For hair salons, capital investment is mainly in styling, dryer and shampoo chairs, as well as shampoo bowls and mats. Furthermore, salons that offer other spa services have massage tables, facial steamers and ultrasonic equipment. Nail salons typically invest in manicure tables and chairs and hand dryers for special types of polish... purchase to read more