Hair Care Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/30/2022
SIC Codes: 7231, 7241
NAICS Codes: 812111, 812112
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Hair Care Services Industry Profile

Companies in this industry operate hair salons and barber shops. Major companies include Regis Salons and Sport Clips (both based in the US), as well as Klier (Germany) and Stefan Hair Fashions (Australia).

Key sources of growth for the global hair care industry include expanding middle classes in developing nations. Shifting cultural norms also drive demand.

The US hair care services industry includes about 84,000 establishments (almost 80,000 beauty salons; over 5,000 barber shops) with combined annual revenue of about $25 billion.

COMPETITIVE LANDSCAPE

Demand is driven by demographics, population growth, and personal income. The profitability of individual companies depends on effective marketing and maintaining repeat business. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete successfully by offering superior service or securing favorable locations. The barber shop segment of the industry is fragmented: the 50 largest operators generate less than 30% of US industry revenue; while the beauty salon segment is highly fragmented: the 50 largest beauty salon operators generate about 15% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major sources of revenue are haircutting, hair coloring, nail care, skin care, and merchandise sales. Beauty salons account for about 80% of the US hair, nail, and skin care services industry; barber shops account for about 5%; and nail salons account for over 20%.

Salons commonly employ hairstylists who do the actual haircutting, colorists who specialize in hair coloring, and various assistants who wash and ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Hair Care Services that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options