Nailed it: Improvement in macroeconomic factors will drive industry revenue

The Hair and Nail Salons industry in Canada exhibited steady growth over the five years to 2018. The industry, which relies on discretionary purchases of services such as haircuts, hair tinting, hairstyling, manicures and pedicures, has benefited from rising per capita disposable income and consumer confidence. Companies have continued to enter the industry, attracted by rising profit margins and low barriers to entry. Demand for industry services is expected to continue rising over the five years to 2023, due to continued improvement in macroeconomic factors. Rising per capita disposable income and consumer confidence will provide consumers with more discretionary income for high-cost industry more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry demand will be fuelled by improvement in macroeconomic factors
  • Hair and nail salons have responded to changing consumer demands
  • Consumers will benefit from growing per capita disposable income
  • Industry Report - Industry SWOT Analysis Chapter

    The Hair and Nail Salons industry in Canada is in the mature phase of its economic life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an annualized rate of 2.3% over the 10 years to 2023. By comparison, the nation's GDP is projected to grow at an annualized rate of 1.9% during the same period. IVA growth that is relative to the economy as a whole is typically indicative of a mature industry. The contrast between those two growth rates indicates that the industry's contribution to the overall economy is increasing, though at a relatively modest pace. ...purchase to read more.

    Additional Insights for the Hair & Nail Salons Industry

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

  • Access to niche markets
  • Accessibility to consumers/users
  • Business expertise of operators
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Consumer spending in the Hair & Nail Salons industry impact industry performance..

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    What's in this report

    What is the Hair & Nail Salons Industry?

    Businesses in this industry primarily offer hair and nail care services. These companies may also provide facials and makeup applications. This industry does not include operators that primarily offer training in barbering or hairstyling, nor does it include electrolysis, permanent makeup or tanning services.

    Industry Products
  • Haircutting services
  • Hair colouring and tinting services
  • Other hair care services
  • Nail care services
  • Merchandise sales
  • Skin care services
  • Industry Activities
  • Providing haircutting services
  • Providing hair colouring or tinting services
  • Providing hairstyling services
  • Providing services to permanently modify hair texture
  • Providing manicure services
  • Providing pedicure services
  • Providing facials and skin care services
  • Providing temporary makeup 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
  • Consumer spending
  • Number of adults aged 20 to 64
  • Leisure time

  • Current Performance
  • Increasing profit and industry participation
  • New offerings
  • External influences on consumer demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry demand
  • Trends drive growth
  • Industry landscape
  • Table: Hair & Nail Salons Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Beauty, Cosmetics & Fragrance Stores in Canada
  • Commercial Leasing in Canada
  • Dry Cleaners in Canada
  • Petrochemical Manufacturing in Canada
  • Pharmaceuticals & Pharmacy Supplies Wholesaling in Canada

  • Products & Services
  • Haircutting services
  • Hair colouring and tinting services
  • Nail care services
  • Merchandise sales
  • Skin care services
  • Other hair care services
  • Chart: Hair & Nail Salons Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest quintile
  • Fourth quintile
  • Third quintile
  • Second quintile
  • Lowest quintile
  • Chart: Major Market Segmentation for the Hair & Nail Salons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Hair & Nail Salons

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hair & 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 Hair & 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 Hair & Nail Salons Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Colored Gels
  • Type of nail polish that is more resistant to smudges and chipping and has a faster drying time.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Hair & Nail Salons market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 & 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 Hair & 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 Hair & 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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