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 Locations Chapter
The Mid-Atlantic, Southeast, West and Great Lakes regions have the greatest concentration of industry establishments. The distribution of hair and nail salons is mainly based on population levels, as hair and nail salons are more common in large metropolitan centers within these regions.
The Mid-Atlantic has the greatest share of industry establishments, estimated at 25.3% of the nation's total. However, the region is home to only 15.5% of the US population. The states with the highest concentration of establishments include New York, Pennsylvania and New Jersey, which hold a respective 11.0%, 6.0% and 5.9% of the total. New York, in particular, has experienced strong growth in the number of salons... purchase to read more