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.
This industry comprises salons that primarily offer hair and nail care services. In addition to retailing beauty products, these companies may also provide facials and makeup applications. This industry does not include operators that mainly offer training in barbering or hairstyling, nor does it include electrolysis, permanent makeup application or tanning services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.