Hand and foot: Operators will expand their service portfolio to boost profit margins

The Personal Waxing and Nails Salons industry, which includes salons offering waxing and nail care services, has grown over the past five years. Given the industry's discretionary nature, robustly rising disposable income and falling unemployment rates over the past five years resulted in a greater number of consumers using industry services. Over the past five years, the number of nail and waxing salons steadily rose as more consumers, enticed by this popular mode of self-expression, began frequenting salons in greater numbers. Over the next five years, positive macroeconomic conditions will boost disposable incomes, increasing consumer spending and demand for price-premium personal care services...purchase to read more.

Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
7.1%
Forecast Growth 17-22
Profit
Employment
342,640
Businesses
284,348
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue has grown due to a variety of new services, such as gel nails and threading
  • Profit margins have remained strong due to new products and services
  • Improving economic conditions will be the primary driver of industry growth
  • Industry Report - Industry Products Chapter

    Nail care servicesNail care services make up the vast majority of Personal Waxing and Nail Salons industry revenue, accounting for over 95.0% in 2017. Manicure and pedicure services include cutting and shaping nails, removing cuticles and applying polish to the nails. About 48.6% of industry revenue is from manicure services, while 37.8% comes from pedicure services. Both of these service segments include revenue from manicures and pedicures with nail enhancement services (acrylic and gel extensions and fills). Other nail services make up about 9.8% of industry revenue and include polish change, callus treatment, broken nail repair, nail artwork, gel coating and buffing...purchase to read more.

    Additional Insights for the Personal Waxing & Nail Salons Industry

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

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

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    What's in this report

    What is the Personal Waxing & Nail Salons Industry?

    This industry comprises salons that primarily offer nonsurgical hair removal through body waxing and nail care services. This industry does not include companies that primarily offer hairstyling or training in cosmetic arts, nor does it include electrolysis, permanent makeup or tanning services.

    Industry Products
  • Pedicure services
  • Manicure services
  • Other nail services
  • Waxing services
  • Resale of merchandise
  • Industry Activities
  • Providing manicure services
  • Providing pedicure services
  • Providing facial waxing services
  • Providing body waxing 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
  • National unemployment rate
  • External competition

  • Current Performance
  • Rising demand
  • Rising profit
  • Shiny and new: product introductions
  • Chart: Revenue Growth

  • Industry Outlook
  • Polished lifestyles
  • Industry landscape
  • Environmental concerns
  • Table: Personal Waxing & Nail Salons Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Wedding Services
  • Consumers

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

  • Products & Services
  • Manicure services
  • Pedicure services
  • Other nail services
  • Waxing services
  • Resale of merchandise
  • Chart: Personal Waxing & Nail Salons Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Women 46+
  • Women 36-45
  • Women 26-35
  • Women 21-25
  • Women 20 and under
  • Men
  • Chart: Major Market Segmentation for the Personal Waxing & Nail Salons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciation, marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs Personal Waxing & Nail Salons

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Personal Waxing & 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 Personal Waxing & 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 Personal Waxing & Nail Salons Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 20 to 64 (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Acrylics
  • Artificial nails that are glued and applied on top of natural fingernails.
  • Colored Gels
  • Type of nail polish that is more resistant to smudges and chipping and has a faster drying time.
  • Esthetician
  • Licensed skin care professionals, trained in cosmetic treatment of the skin.
  • Threading
  • Hair removal technique that uses a piece of thread to pull the hair by the follicle.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Personal Waxing & Nail Salons can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 Personal Waxing & 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 Personal Waxing & 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 Personal Waxing & 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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