Industry Analysis & Industry Trends
Operators in the Hair and Nail Salons industry have begun to offer a variety of new products and services to boost revenue and leverage rising consumer spending. As a result, industry revenue has grown over the past five years. In the coming years, demand for industry services is expected to accelerate thanks to improving disposable income. Declining unemployment over the next five years is expected to drive per capita disposable income growth and boost demand for price-premium services offered by this industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature phase of its economic life cycle. Industry value added, or the industry's contribution to the overall economy, is forecast to grow at an annualized rate of 1.5% over the 10 years to 2021. By comparison, the nation's GDP is projected to grow at an annualized rate of 2.1% over the same period. IVA growth in line with the economy as a whole is highly indicative of the industry's mature life cycle stage. Moreover, the Hair and Nail Salons industry's market has remained saturated for decades.
Product innovation has continued at a fairly steady rate over the five years to 2016... purchase to read more