$90.6bn
$X.Xbn
2m
1m
$XX.Xbn
Ever-evolving consumer preferences and economic conditions shape revenue patterns for hair and nail salons. Salons must adapt to these changes to maintain financial stability by adjusting their service offerings and investing in products that align with current market trends. Small, independent service providers who had previously stopped or scaled back operations due to health and safety mandates have returned, leading to a competitive and thriving market. Increased disposable income amid economic recovery has encouraged spending on discretionary services like manicures and haircuts, boosting industry revenue. Hair and nail salon revenue is estimated to rise at an estimated CAGR of 2.5% and reach $90.6 billion through the end of 2024, with a 1.4% boost in revenue in 2024 alone.
Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $90.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Regis Corp | 160.8 | -15.3 | -9.5 | |
Sport Clips Inc. | 7.1 | 0.5 | 7.1 |
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Industry revenue is measured across several distinct product and services lines, including Haircut and styling services, Hair coloring and tinting services and Other hair care services. Haircut and styling services is the largest segment of the Hair & Nail Salons in the US.
Hair-related services maintain a dominant share of industry revenue
The Hair and Nail Salon industry offers hair and nail care services, which include manicures, pedicures, hair cuts, colors and styling. In addition to retailing beauty products, these companies may provide facials, eyelash extensions, waxing, makeup styling and other beauty services.
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NAICS 81211 - Hair & Nail Salons in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Hair and nail salons are offering more services to cater to consumers with varying budgets. Heightened consumer spending will continue shifting more consumers toward more pre...
Learn about an industry's products and services, markets and trends in international trade.
Hair services dominate salon revenue. People see regular haircuts, styling and coloring as essential, so demand remains strong regardless of economic ups and downs.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Highly populated urban areas are ideal locations for hair and nail salons. Consumers are encouraged to visit salons that offer a one-stop shop for multiple services.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Due to their fragmented nature, hair and nail salons are highly competitive. Most operators are self-employed or small business owners, making customer experience and reputat...
Learn about the performance of the top companies in the industry.
No single salon garners 5.0% or more of the market. Most salons are nonemployers, including sole proprietors and those that rent out chairs to individual stylists.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations ensure salon safety and honesty. These rules cover everything from workplace hazards to cleanliness and accurate advertising, maintaining high standards for custo...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Economic conditions swing salon profits. When the economy’s down, people spend less on salon services, but they splurge when the economy recovers.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Hair & Nail Salons in the US industry in United States is $90.6bn in 2024.
There are 1m businesses in the Hair & Nail Salons in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Hair & Nail Salons in the US industry in United States has been growing at a CAGR of 2.5 % between 2019 and 2024.
Over the next five years, the Hair & Nail Salons in the US industry in United States is expected to grow.
The biggest companies operating in the Hair & Nail Salons market in United States are Regis Corp and Sport Clips Inc.
Haircut and styling services and Hair coloring and tinting services are part of the Hair & Nail Salons in the US industry.
The company holding the most market share in United States is Regis Corp.
The level of competition is high and increasing in the Hair & Nail Salons in the US industry in United States.