Great hair day: Growing per capita disposable income will lead to steady industry revenue growth

The Hair and Nail Salons industry has continued growing amid a rising economy. The industry, which relies on discretionary purchases of services has benefited from growth in per capita disposable income and consumer confidence, as well as an increase in the number of adults aged 20 to 64, who demand these services. Moreover, price-premium services have grown increasingly popular in recent years. Over the five years to 2021, the industry is forecast to continuing growing. Rising consumer confidence in the strengthening economy will encourage consumers to spend more on high-cost industry services, such as permanent hair texture modification, facials and massages...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 11-16
2.4%
Forecast Growth 16-21
Profit
Employment
68,678
Businesses
24,868
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Consumers will demand high-cost industry services as the economy strengthens
  • Hair and nail salons have responded to changing consumer demands
  • Consumers will benefit from growing per capita disposable income over the next five years
  • Industry Report - Industry Products Chapter

    Haircutting servicesAccounting for an estimated 45.7% of total revenue, haircutting services make up the largest share of industry revenue. This segment includes cutting, trimming, layering and reducing hair length for all genders and age groups. It also includes trimming beards and moustaches, which is traditionally done by a barber. The shampooing, blow-drying and styling that is associated with the haircut is included in this segment as well. Over the past five years, the share of revenue from this service segment decreased slightly as consumers opt for additional, price-premium services. Consumers view haircuts as a more necessary service; therefore, demand for haircuts is typically steadier than other industry segments. ...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
  • Business expertise of operators
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Consumer price index 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 offers 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 price index
  • Leisure time
  • Number of adults aged 20 to 64

  • Current Performance
  • External influences on consumer demand
  • Popular trends
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Increasing 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 income quintile
  • Fourth income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income 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
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • 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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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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