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Salon Service Market Size, Share & Industry Analysis, By Service Type (Hair, Skin, Foot, Nails), By Gender (Men, Women), By Services taken (Single, Multiple) And Regional Forecast 2022-2029

Region : Global | Report ID: FBI104608 | Status : Ongoing

 

KEY MARKET INSIGHTS

There is a growing trend of the use of salon service as large number of people increasingly possessing the desire to receive professional care when it comes to skin and hair treatment. Various advantages of using a salon service include relief stress, the use of quality products, obtain new looks, and others. The rising popularity among working professionals using the service to receive massage treatment to help relieve their body from their long hours of working is accelerating the demand for the service. Additionally, the increasing number of salon which is open to specifically targeting men to provide services such as hair cutting, beard, and mustache shaving, and others also helps to generate traction.


The rising number of people across the globe being conscious of the importance of maintaining presentable looks is acting as a driving factor for the market growth. The growing establishment of the hairdressing and beauty salons in countries all over the world has played a crucial role for the increasing usage of the salon services. For instance, according to the Socio-Economic Contribution of the European Cosmetics Industry 2019 Report, there is an estimation of 500,000 hairdressing and beauty salons in Europe. Furthermore, salon services also have received an increasing number of customers owing to its ability to help achieve a certain look which is difficult to attain on one's own especially for special occasions such as a wedding, dating, parties, and others.


Nevertheless, the increasing cost of the product use by salon services such as cosmetic, hair cutting and dressing tool, and others act as a restraining factor for the market growth.


Key Market Driver -

The global population becoming more conscious of their looks is a driving factor for the market growth.

Key Market Restraint -

The rising cost of the product use in salon service act as a restraining factor for the market growth.


Key Players Covered:


Toni & Guy, Great Clips, Fantastic Sams Holding Corp., Cost Cutters Family Hair Care, Amazing Lash Studio, SEVA Beauty, and others are the key player functioning in the salon service market.


The salon service type market is segmented into by service type, gender, service taken, and geography.


On the basis of product, the market is fragmented into hair, skin, foot, and nails. Hair is anticipated to be the dominant owing to hair services large consumed by both male and female as compared to other segments. Likewise, the negligence of skin, foot, and nails by large number of people also helps to upsurge the hair segment.


Based on gender, the market is bifurcated into men and women. Women are projected to be the greater segment on an account of being more obsessed about looks, beauty, and hygiene than larger percent of men. Similarly, salons offering wider varieties of services to women are assisting to attract large number of women.


By service taken, the market is divided into single and multiple. Single is estimated to be the larger market shareholder due to large number of customers not willing to spend more on multiple services. Also, most people don’t have long hours to spend on multiple services due to their busy schedules.


Regional Analysis:


On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.


Asia Pacific is assessed to be the prominent market shareholder and is estimated to continue throughout the forecast period of 2020-2027. The rising number of people giving importance on personal health, hygiene, and looks in various countries has a vital contribution to the growth of the market. The increasing standard of living especially in urban places is resulting to upsurge the use of beauty and wellness salons in this region. For instance, according to the 2019 report of the Indian Beauty & Hygiene Association (IBHA), India is estimated to generate a revenue of 32.92 billion by 2024 from its beauty and wellness market. Furthermore, manufacturers coming up with beauty tools and cosmetic products with decent quality at an affordable range are helping to flourish salon service.


North America is estimated to exhibit a crucial presence in the salon service market owing to the increasing establishment of salon service stores by well-trained and certified individuals. For instance, according to the SBDC National Information Clearing House article, May 2020, there is an approximation of 80,000 beauty salon and barbershop in the United States with 77,000 beauty salons and 4,500 barbershops.  Furthermore, consumers in this region willing to spending more on personal care including salon service play a vital role for the market growth.


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Segmentation


























 ATTRIBUTE


  DETAILS

By  Service Type




  • Hair

  • Skin

  • Foot

  • Nails



By Gender




  • Men

  • Women



By Services taken




  • Single

  • Multiple



By Geography




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments-



  • In December 2019, Helen of Troy declared the acquisition of Drybar which is an innovative, fast-growing, trendsetting prestige hair care and styling salon brand.

  • In November 2019, Bennett, Coleman & Co. Ltd. announced the launch of its Femina Flaunt studio salon in Mumbai. It has also work with some of the top beauty bloggers from across the style capitals of the world.


Salon Service Market  Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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