$52.2bn
$X.Xbn
1m
953k
$XX.Xbn
Over the past five years, the Hair Salons industry has benefited from rising consumer sentiment and per capita disposable income. These trends have also increased demand for ancillary services to standard haircuts like hair modification treatments (e.g. straightening procedures, perms and relaxing treatments), skincare services and others. Nonetheless, the onset of the COVID-19 pandemic in 2020 led to the temporary closure of industry establishments and a significant decline in demand in 2020 as individuals had fewer reasons to get haircuts due to stay-at-home mandates and high unemployment. These economic trends caused revenue to decline at a CAGR of 1.5% to an estimated $52.2 billion over the past five years, while inching upward an anticipated 0.2% in 2023.
Industry revenue has declined at a CAGR of 1.5 % over the past five years, to reach an estimated $52.2bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Great Clips, Inc. | 1,184.8 | 105.5 | 8.9 | |
Regis Corp | 394.9 | 35.1 | 8.9 |
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Industry revenue is measured across several distinct product and services lines, including Haircutting and styling services, Hair coloring services and Other services. Haircutting and styling services is the largest segment of the Hair Salons in the US.
Expansive consumer demand maintains strong performance for haircutting and styling services
This industry includes salons that primarily offer hair-care services such as haircutting, hair coloring and hairstyling. 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.
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NAICS 81211 - Hair Salons in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Strong economic performance is vital for industry success. As consumer sentiment grows and the economy strengthens, demand for hair salon servicing will increase.
Learn about an industry's products and services, markets and trends in international trade.
Consistent consumer demand for traditional haircuts fuels revenue. Despite offering increasing luxury services that focus on looks, standard haircuts remain the core contribu...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry presence is heightened in areas with a large population. The localized nature of the industry makes it necessary for a region to have large population centers where ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Emphasis on high quality of service drives strong competition. Hair salons that can offer high-quality hair services will be able to secure customers in the long term and mai...
Learn about the performance of the top companies in the industry.
No company owns more than a 5.0% share of the industry. Since hair salons operate on a localized basis and face notable operating costs, capturing a significant market share ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Emphasis on strong per capita disposable income growth is crucial for the industry. If consumers lack fiscal flexibility in affording these discretionary services, demand for...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry profitability is dependent on stable economic conditions. If the economy performs poorly and consumer confidence drops, hair salons will suffer revenue losses as con...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Hair Salons in the US industry in United States is $52.2bn in 2024.
There are 953k businesses in the Hair Salons in the US industry in United States, which has grown at a CAGR of 0.2 % between 2018 and 2023.
The market size of the Hair Salons in the US industry in United States has been declining at a CAGR of 1.5 % between 2018 and 2023.
Over the next five years, the Hair Salons in the US industry in United States is expected to grow.
The biggest companies operating in the Hair Salons market in United States are Great Clips, Inc. and Regis Corp
Haircutting and styling services and Hair coloring services are part of the Hair Salons in the US industry.
The company holding the most market share in United States is Great Clips, Inc..
The level of competition is high and increasing in the Hair Salons in the US industry in United States.