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Hair & Nail Salons in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hair & Nail Salons Market Research Report | NAICS 81211 | Feb 2015

Clean cut: Higher disposable income will boost demand for price-premium services

IBISWorld’s Hair & Nail Salons market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$53bn
Annual Growth 10-15
2.4%
Annual Growth 15-20
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Profit
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Employment
1,732,584
Businesses
1,235,196
Industry Analysis & Industry Trends

The Hair and Nail Salons industry is projected to expand over the five years to 2015 thanks to rising consumer spending on discretionary personal care products and services. In the coming years, declining unemployment is expected to drive per capita disposable income growth and boost demand for price-premium services offered by this industry. Moreover, equipped with larger budgets, consumers will likely favor professional salon products and services over less costly alternatives sold at drugstores... purchase to read more

Industry Report - Starting a New Business Chapter

The Hair and Nail Salons industry has low barriers to entry. The industry is in the mature stage of its economic life cycle; however, companies are still entering due to consumers' demand for higher-value spa treatments and new hair and nail products. Competition within the industry is high and increasing, since there are a significant number of operators with little market share.

Start-up costs vary depending on the scale of operations. New businesses need to secure a rental space and styling, dryer and shampoo chairs. Additionally, hair salons need to invest in salon mats, straighteners and curlers; they may also require specialized facial equipment such as facial steamers if they offer additional day spa services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hair & Nail Salons Industry?

This industry comprises salons that primarily offer hair and nail care services. In addition to retailing beauty products, these companies may also provide facials and makeup applications. This industry does not include operators that mainly offer training in barbering or hairstyling, nor does it include electrolysis, permanent makeup application or tanning services.

Industry Products
Haircutting servicesHair coloring servicesOther hair care servicesNail care servicesMerchandise salesSkin care servicesOther beauty care services
 
Industry Activities
Providing haircutting servicesProviding services to permanently modify hair textureProviding hair coloring or tinting servicesProviding hairstyling servicesProviding manicure servicesProviding pedicure servicesProviding temporary makeup servicesProviding facials and skin care services


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