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Hair Care Services

Publisher First Research, Inc.
Published Mar 28, 2022
SKU # FRRS17050602

Description

Hair Care Services

Brief Excerpt from Industry Overview Chapter:

Companies in this industry operate hair salons and barber shops. Major companies include Regis Salons and Sport Clips (both based in the US), as well as Klier (Germany), and Stefan Hair Fashions (Australia).

COMPETITIVE LANDSCAPE

Demand is driven by demographics, population growth, and personal income. The profitability of individual companies depends on effective marketing and maintaining repeat business. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete successfully by offering superior service or securing favorable locations. Both segments of the industry are fragmented: the 50 largest beauty salon operators generate about 15% of US industry revenue, and the 50 largest barber shop operators account for about 30% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major sources of revenue are haircutting, hair coloring, nail care, skin care, and merchandise sales. Beauty salons account for 75.6% of US industry revenue; barber shops account for 3.5%; and nail salons account for 20.8%.

Table of Contents

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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