Hair & Nail Salons in Canada - Industry Market Research Report
Description
Hair & Nail Salons in Canada
The Hair and Nail Salons industry in Canada has exhibited declining revenue over the five years to 2023, though it has grown in nearly every year of the reporting period besides 2020. The industry, which relies on the discretionary purchases of services like haircuts, hair tinting, hairstyling, manicures and pedicures, has benefited from rising consumer spending. Price premium services, include keratin treatments and gel manicures, have grown more popular in recent years. Despite this, industry revenue is estimated to fall at a CAGR of 2.6% to $4.7 billion over the five years to 2023. This decline can be mainly attributed to the COVID-19 pandemic and the forced closure of all nonessential businesses in 2020. In 2023, industry revenue is expected to increase 1.7%, largely due to increases in consumer confidence and per capita disposable income.
Operators in the Hair and Nail Salons industry in Canada 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."
The Hair and Nail Salons industry in Canada has exhibited declining revenue over the five years to 2023, though it has grown in nearly every year of the reporting period besides 2020. The industry, which relies on the discretionary purchases of services like haircuts, hair tinting, hairstyling, manicures and pedicures, has benefited from rising consumer spending. Price premium services, include keratin treatments and gel manicures, have grown more popular in recent years. Despite this, industry revenue is estimated to fall at a CAGR of 2.6% to $4.7 billion over the five years to 2023. This decline can be mainly attributed to the COVID-19 pandemic and the forced closure of all nonessential businesses in 2020. In 2023, industry revenue is expected to increase 1.7%, largely due to increases in consumer confidence and per capita disposable income.
Operators in the Hair and Nail Salons industry in Canada 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."
Table of Contents
39 Pages
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
Pricing
Currency Rates
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