In good shape: Nontoxic products will prove beneficial to industry revenue

Demand for Hair and Nail Salons industry services expanded over the past five years to 2018 amid economic growth that boosted discretionary consumer spending on personal-care products and services. Moreover, new products and services favorably affected industry revenue. Companies have continued to enter the industry, attracted by stable profit margins and low barriers to entry. Nonemployers entering the industry have similarly spurred growth, while online platforms, such as Instagram and Facebook, provide a convenient and low-cost marketing strategy for many stylists and technicians to garner new clientele. Demand for industry services is expected to continue rising over the five years to 2023, due to improving macroeconomic factors...purchase to read more.

Industry Statistics & Market Size
Revenue
$60bn
Annual Growth 13-18
3.0%
Forecast Growth 18-23
Profit
Employment
1.7m
Businesses
1.3m
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Nontoxic products will prove beneficial to industry revenue, as well as to staff and patrons
  • Product innovation and new trends for hair have also expanded the realm of hair-care services
  • As consumers’ incomes expand, they will likely indulge in industry services
  • Industry Report - Industry Analysis Chapter

    Over the five years to 2018, operators in the Hair and Nail Salons industry were able to capitalize on healthy macroeconomic conditions, which paved the way for service-price increases. Many salons were able to offer an expanded array of products and services that boosted revenue and capitalized on rising consumer spending. In addition, low unemployment enabled for increased discretionary spending on cosmetic services provided by the Hair and Nail Salons industry. Consequently, revenue is forecast to grow at an annualized rate of 3.0% to $59.9 billion over the five years to 2018. Improved demand conditions are anticipated to continue through 2018, with revenue expected to rise 1.6% this year due to growing per capita disposable income...purchase to read more.

    Additional Insights for the Hair & Nail Salons Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hair & Nail Salons Industry are

  • Business expertise of operators
  • Having a loyal customer base
  • Access to niche markets
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Number of adults aged 20 to 64 in the Hair & Nail Salons industry impact industry performance..

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    What's in this report

    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
  • Haircut and styling services
  • Hair coloring and tinting services
  • Other hair care services
  • Nail care services
  • Merchandise sales
  • Skin care services
  • Other beauty care services
  • Industry Activities
  • Haircutting
  • Services to permanently modify hair texture
  • Hair coloring or tinting
  • Hairstyling
  • Manicure services
  • Pedicure services
  • Temporary makeup services
  • Facials and skin care services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Number of adults aged 20 to 64
  • Per capita disposable income
  • Business sentiment index
  • Number of households

  • Current Performance
  • Increasing profit
  • New offerings
  • Industry regulations
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained expansion
  • Future trends
  • Industry landscape
  • Table: Hair & Nail Salons Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hair & Nail Salons Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Photography
  • Wedding Services
  • Consumers

  • Key Selling Industries
  • Beauty, Cosmetics & Fragrance Stores
  • Commercial Leasing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Dry Cleaners
  • Petrochemical Manufacturing

  • Products & Services
  • Haircut and styling services
  • Hair coloring and tinting services
  • Nail care services
  • Merchandise sales
  • Other beauty care services
  • Other hair care services
  • Skin care services
  • Chart: Hair & Nail Salons Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers age 35 to 44
  • Consumers age 55 and older
  • Consumers age 45 to 54
  • Consumers age 25 to 34
  • Consumers under 25
  • Chart: Major Market Segmentation for the Hair & Nail Salons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hair & Nail Salons

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hair & Nail Salons Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hair & Nail Salons Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hair & Nail Salons Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Colored Gels
  • A type of nail polish that is more resistant to smudges and chipping and dries faster.
  • Keratin Treatment
  • Also known as the Brazilian Blowout. Product used to eliminate frizz, curls or waves from hair for three to four months.
  • Occupational Safety & Health Administration (Osha)
  • Agency of the US Department of Labor that aims to prevent work-related injuries, illnesses and occupational fatality by issuing and enforcing standards for workplace safety and health.
  • Permanent Hair Texture Modification
  • Applying chemicals, heat or liquid that alters hair's internal structure to change its shape, such as straightening or curling it.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hair & Nail Salons Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Hair & Nail Salons industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hair & Nail Salons:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hair & Nail Salons market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hair & Nail Salons, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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