Industry Analysis & Industry Trends
Operators in the Hair and Nail Salons industry have begun to offer a variety of new products and services to combat the economic downturn. As a result, revenue is expected to grow over the five years to 2014. Nonetheless, revenue dipped briefly during the recession when consumer incomes began to fall and demand for nonessential manicures, hair treatments and facials decreased. In the five years to 2019 however, industry revenue will benefit from increasing per capita disposable income and declining unemployment, which will occur toward the end of the five-year period. Salons will also offer a wider array of eco-friendly products that appeal to emerging consumer preferences, boosting revenue... 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 in 2014. 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