Tough as nails: Operators will continue increasing revenue and profit by offering more services

The Personal Waxing and Nails Salons industry is looking sharp. Revenue gains have been led by a variety of product introductions, including matte nails, colored gel nails and threading, which have generated high growth for the industry. Additionally, given the industry's discretionary nature, robustly rising disposable income over the past five years resulted in a greater number of consumers using industry services. In the coming years, declining unemployment and increased disposable income will be the primary drivers of the industry's growth, as a greater number of consumers will be able to afford nail care and waxing services...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 11-16
6.7%
Forecast Growth 16-21
Profit
Employment
318,181
Businesses
271,867
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Revenue gains have been led by a variety of product introductions, including matte nails, colored gel nails and threading
  • A variety of new product offerings at salons has aided revenue growth
  • Improving economic conditions will likely be the primary factor fueling industry growth
  • Industry Report - Industry SWOT Analysis Chapter

    The Personal Waxing and Nail Salons industry is in the growth stage of its industry life cycle. Although the industry's service offering is well developed, lower price points have engineered greater growth by expanding the industry's target market. Industry value added, or the industry's contribution to the overall economy, is projected to grow at an annualized rate of 4.3% over the 10 years to 2021. US GDP is projected to grow an annualized 2.1% over this time period. Consequently, the industry is increasing its share of the overall economy.The size of the industry is also expected to continue expanding. From 2011 to 2021, the number of companies is expected to increase at an annualized rate of 5.0%. Alt...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 Per capita disposable income and National unemployment rate 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
  • Other 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
  • Per capita disposable income
  • National unemployment rate
  • Number of adults aged 20 to 64
  • External competition

  • Current Performance
    Rising demandShiny and new: product introductions
  • Chart: Revenue Growth

  • Industry Outlook
    Rising profit will attract companiesEnvironmental 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
  • Other 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
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation, 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of adults aged 20 to 64 (2007-2021)

  • 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?

    The Personal Waxing & Nail Salons industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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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