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 - 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