Cosmetology & Beauty Schools in the US - Industry Market Research Report
Description
Cosmetology & Beauty Schools in the US
Over the five years to 2023, revenue growth has fluctuated year-to-year, largely contributable to the adverse effects of the COVID-19 pandemic and fluctuating enrollment rates in vocational programs. Following the onset of the pandemic, the industry was quickly disrupted by reduced enrollment, school closures and stay-at-home-measures. Enrollment fell throughout 2020, a combination of overall economic uncertainty, as well particular uncertainty regarding the cosmetology industry, leading to a severe drop in industry revenue. Recovery from the pandemic spurred spending on personal care services as consumers released pent-up demand, though falling disposable income quickly stifled a rebound in enrollment. Because of the difficulties recovering from the pandemic, industry-wide revenue has been falling at an a CAGR of 1.6% over the past five years and is expected to total $1.8 billion in 2023, when revenue will climb by an estimated 1.1%.
This industry includes schools that offer training in barbering, hair styling or cosmetic arts, such as makeup or skin care. These schools provide job-specific certification.
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.
Over the five years to 2023, revenue growth has fluctuated year-to-year, largely contributable to the adverse effects of the COVID-19 pandemic and fluctuating enrollment rates in vocational programs. Following the onset of the pandemic, the industry was quickly disrupted by reduced enrollment, school closures and stay-at-home-measures. Enrollment fell throughout 2020, a combination of overall economic uncertainty, as well particular uncertainty regarding the cosmetology industry, leading to a severe drop in industry revenue. Recovery from the pandemic spurred spending on personal care services as consumers released pent-up demand, though falling disposable income quickly stifled a rebound in enrollment. Because of the difficulties recovering from the pandemic, industry-wide revenue has been falling at an a CAGR of 1.6% over the past five years and is expected to total $1.8 billion in 2023, when revenue will climb by an estimated 1.1%.
This industry includes schools that offer training in barbering, hair styling or cosmetic arts, such as makeup or skin care. These schools provide job-specific certification.
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.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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