Fast growing and prolific, the beauty salon industry is focusing on developing talent to grow a loyal customer base willing to spend on expanded products and services.
The industry felt declines during the economic downturn, but still remained one of the strongest performing within personal care. The industry is now even one of the fastest growing industries in the U.S. and Canada. Barriers to entry to the industry are minimal, creating intense competition for the consumer spending dollars available.
The main draw for beauty salons is the stylists they employ
As the beauty Salon Industry continues to grow, salon owners wan’t to hire the best trained stylists in order to help grow their customer base. The need for hairstylists continues to grow along with the market size. As shown in the graphs below, the industry is predicted to see much growth in coming years
This report shows the total market size for the Beauty Salons industry, comprised of total revenues of both public and private companies over the last six years (2013-2018), current year estimates, and outlook to 2024.