The Hair Salons industry has benefited from rising consumer sentiment and per capita disposable income over the five years to 2018. These trends have also led to increased demand for ancillary services to standard haircuts, such as hair modification treatments (e.g. straightening procedures, perms and relaxing treatments), skincare services and others. Over the five years to 2023, the industry is forecast to continue performing steadily. Per capita disposable income and consumer confidence are anticipated to continue rising, providing consumers with more discretionary income for luxury and price-premium services at hair salons and barber shops. With increased discretionary funds, consumers are expected to seek salon services instead of less expensive drug store products. Additionally, ecofriendly products made with natural ingredients are expected to gain popularity as more consumers opt for safer, more sustainable products.
This industry includes salons that primarily offer hair care services such as haircutting, hair coloring and hairstyling. Additionally, these companies may provide facials and makeup applications (except permanent makeup) and retail beauty products. This industry does not include operators that primarily offer training in barbering or hairstyling.
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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