"Assisting You in Establishing Data Driven Brands"
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.
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.
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.
To gain extensive insights into the market, Request for Customization
By Service Type
By Services taken
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry