Hair & Nail Salons in Canada
The Hair and Nail Salons industry in Canada exhibited steady growth over the five years to 2018. The industry, which relies on discretionary purchases of services such as haircuts, hair tinting, hairstyling, manicures and pedicures, has benefited from rising per capita disposable income and consumer confidence. Companies have continued to enter the industry, attracted by rising profit margins and low barriers to entry. Demand for industry services is expected to continue rising over the five years to 2023, due to continued improvement in macroeconomic factors. Rising per capita disposable income and consumer confidence will provide consumers with more discretionary income for high-cost industry services.
Businesses in this industry primarily offer 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.
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