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. Furthermore, with more discretionary funds, consumers will be able to demand more industry services over less costly do-it-yourself products from drugstores.
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.
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.