
Hairdressing and Beauty Services in New Zealand - Industry Market Research Report
Description
Hairdressing and Beauty Services in New Zealand
The Hairdressing and Beauty Services industry is facing a volatile trading environment. Robust growth in household discretionary incomes underpinned revenue growth over the three years through 2019-20. Weak consumer sentiment and temporary industry closures due to public health restrictions implemented to curb COVID-19 reduced demand and revenue for hairdressing ad beauty services in 2020-21. The consumer confidence index is expected to continue plunging over the two years through 2022-23 in the face of high inflation and fears of a global recession. Revenue for hairdressing and beauty services operators is expected to contract at an annualised 1.8% over the five years through 2022-23, to $1.1 billion. This trend includes a revenue drop of 4.6% in 2022-23 amid gloomy domestic and global economic outlooks as consumers cut back on their non-essential spending.
Industry operators mainly provide hairdressing services or beauty services, such as nail care services, facials or make-up application.
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 Hairdressing and Beauty Services industry is facing a volatile trading environment. Robust growth in household discretionary incomes underpinned revenue growth over the three years through 2019-20. Weak consumer sentiment and temporary industry closures due to public health restrictions implemented to curb COVID-19 reduced demand and revenue for hairdressing ad beauty services in 2020-21. The consumer confidence index is expected to continue plunging over the two years through 2022-23 in the face of high inflation and fears of a global recession. Revenue for hairdressing and beauty services operators is expected to contract at an annualised 1.8% over the five years through 2022-23, to $1.1 billion. This trend includes a revenue drop of 4.6% in 2022-23 amid gloomy domestic and global economic outlooks as consumers cut back on their non-essential spending.
Industry operators mainly provide hairdressing services or beauty services, such as nail care services, facials or make-up application.
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
43 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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