Overview

Clean cut: Rising consumer confidence and disposable income will foster growth

IBISWorld’s Hair Salons market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$43bn
Annual Growth
11-16
2.2%
Annual Growth
16-21
Profit
Employment
1,417,535
Business
1,042,243

Industry Threats & Opportunities

  • Companies have continued to enter the industry due to stable profit margins and low barriers to entry
  • Hair salons that exclusively offer blow-dry services have become more prevalent
  • US residents will spend more freely as declining unemployment boosts consumer confidence

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    Industry Analysis & Industry Trends

    The Hair Salon industry has managed to untangle its early postrecessionary knots. Rising consumer sentiment and per capita disposable income have boosted industry growth over the five years to 2016. This has also led to increased demand for ancillary services to standard haircuts, such as hair modification treatments (e.g. straightening procedures and perms), skin-care services and massages. In the coming years, the industry is forecast to exhibit more steady growth. Per capita disposable income and consumer confidence will keep rising as the unemployment rate continues to decline, providing consumers with more discretionary income for luxury services at hair salons...

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    Industry Report - Industry Key Buyers Chapter

    The Hair Salons industry is categorized by low market share concentration, with the top four companies accounting for an estimated 7.3% of industry revenue. As the largest company in the industry, Regis Corporation generates just 3.2% of total revenue and is still 60.0% larger than the next-biggest company. The Hair Salons industry is highly fragmented, with most operators located in high-traffic areas but others located in niche markets. Additionally, low barriers to entry allow small companies to set up locations without the backing of larger operators. The fragmented nature of this industry makes it difficult for any one company to gain a large share of the industry. This is highlighted by the dominance of nonemployers in the industry, which account for over 90.0% o..

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    Additional Insights for the Hair Salons Industry

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

  • Having a loyal customer base
  • Employees must have a license
  • Accessibility to consumers
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and National unemployment rate in the Hair Salons industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Hair Salons Industry?

    This industry includes salons that primarily offer hair care services such as haircutting, hair coloring and hairstyling services. Additionally, these companies may provide facials and makeup applications (except permanent makeup) and retail beauty products. This industry does not include operators that primarily offer training in barbering or hairstyling.

    Industry Products
    Haircutting and styling services
    Hair coloring services
    Other hair services
    Resale of merchandise and cosmetic products
    Skin care services
    Industry Activities
    Haircutting
    Permanently modifying hair texture
    Providing hairstyling services
    Providing temporary makeup services
    Providing facials and skin care services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • National unemployment rate
  • External competition for the Hair & Nail Salons industry
  • Number of adults aged 20 to 64

  • Current Performance
  • Growth opportunities
  • The latest trends
  • Revenue drives expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Demanding services
  • Trends and ecofriendly products
  • Continued growth
  • Table: Hair Salons Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Wedding Services
  • Consumers

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

  • Products & Services
  • Haircutting and styling services
  • Hair coloring services
  • Resale of merchandise and cosmetic products
  • Other hair services
  • Skin care services
  • Chart: Hair Salons Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers age 35 to 44
  • Consumers age 45 to 54
  • Consumers age 25 to 34
  • Consumers age 55-64
  • Consumers over 65
  • Consumers under age 25
  • Chart: Major Market Segmentation for the Hair Salons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hair Salons

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hair Salons Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hair Salons Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Hair Salons Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Facial
  • A beauty treatment for the face involving a variety of skincare products.
  • Keratin Treatment
  • Also known as the Brazilian Blowout. Product used to eliminate frizz, curls or waves from hair for three to four months.
  • 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.
  • Why buy this report?

    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 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 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 Salons, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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