The salon service market's worth in 2024 is estimated to be US$ 2,18,448.7 million. Between 2024 and 2034, the beauty salon industry is expected to flourish at a CAGR of 6.5%. By 2034, the salon service industry is projected to achieve US$ 4,10,750.4 million.
The main trends propelling the market expansion for salon services are the growing acceptance of online appointment booking systems and the increasing tendency to invest in personal grooming services. During the forecast period, the market growth of salon services is expected to be attributed to the rise in per capita income and the increasing adoption of hair care and skin care treatments among consumers.
Growth Avenues in the Salon Services Industry
Attributes | Details |
---|---|
Market Value for 2024 | US$ 2,18,448.7 million |
Market Size for 2034 | US$ 4,10,750.4 million |
Market CAGR from 2024 to 2034 | 6.5% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Short-term Analysis (From 2018 To 2022):
Attributes | Details |
---|---|
Market CAGR from 2019 to 2023 | 5.4% |
Mid-term Analysis (From 2023 To 2028):
Long-term Analysis (From 2028 To 2033):
The professional hair care product market and the beauty and personal care product market have both been studied in this section. The data depict the projected growth of salon services from 2024 to 2034 with regard to other markets. It showcases the potential for revenue growth and other market trends.
Salon Service Market:
Attributes | Salon Service Market |
---|---|
Value-based CAGR (2024 to 2034) | 6.5% |
Growth Factor | The growing desire for customized beauty experiences propels the demand for salon services. |
Market Trend | The growing salon product market is compelled by urbanization and shifting lifestyles. |
Market Restraint | Advancing raw material costs impedes the market growth. |
Professional Hair Care Product Market:
Attributes | Professional Hair Care Product Market |
---|---|
Value-based CAGR (2024 to 2034) | 4.4% |
Growth Factor | Formulation innovations enable market expansion of professional hair care products by accommodating a variety of hair types. |
Market Trend | The adoption of professional hair care products is fueled by growing grooming and appearance consciousness. |
Market Restraint | The professional hair care product market faces stress due to lower prices and fierce competition among brands. |
Beauty and Personal Care Product Market:
Attributes | Beauty and Personal Care Product Market |
---|---|
Value-based CAGR (2024 to 2034) | 6.2% |
Growth Factor | The expansion of e-commerce makes various beauty and personal care products more accessible globally. |
Market Trend | There is an increasing demand for high-end personal care and cosmetics as self-care is more prevalent. |
Market Restraint | The recession affected consumer expenditures, which influenced the sales of high-end cosmetics. |
The segmented market analysis of salon services is included in the following subsection. Based on comprehensive studies, the hair cutting sector is leading the service type category, and the franchise outlet segment is commanding the type category.
The hair cutting segment is expected to emerge prevailing, with an estimated market share of 45.0% in 2024. In light of the following, this dominance makes sense:
Leading Segment | Hair Cutting |
---|---|
Segment Share | 45.0% |
With a 44.5% market share anticipated for 2024, the franchise outlet segment is set to top the type category. Several factors about the preference:
Leading Segment | Franchise Outlet |
---|---|
Segment Share | 44.5% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The salon and spa industry can be observed in the subsequent tables, focusing on the leading economies in India, China, Germany, the United Kingdom, and the United States. A comprehensive evaluation demonstrates that India has enormous opportunities due to its resilient salon service manufacturers.
The India salon service market is expected to develop at an 11.3% CAGR through 2034. This expansion is sustained by:
Nation | India |
---|---|
CAGR | 11.3% |
Through 2034, the China salon service market is projected to expand at a strong rate of 9.1% CAGR. This is clarified by:
Country | China |
---|---|
CAGR | 9.1% |
Through 2034, the German salon service sector is predicted to flourish at a 5.8% CAGR. Below is an outline of this:
Country | Germany |
---|---|
CAGR | 5.8% |
Through 2034, the United Kingdom salon service market is anticipated to evolve at a 4.3% CAGR. The following sources support this expansion:
Nation | United Kingdom |
---|---|
CAGR | 4.3% |
Through 2034, the United States salon service market is anticipated to endure growth at a sluggish 3.2% CAGR. This is explained as follows:
Nation | United States |
---|---|
CAGR | 3.2% |
The salon service market is highly lucrative and is propelled by various companies providing spa, hair, and beauty services. Leading salon service vendors prioritize strategic alliances, innovation, and customer experience to obtain a competitive edge.
Prominent companies in the beauty salon industry, like Great Clips Inc. and Regis Corporation, provide their vast salon networks and service know-how. Due to their extensive global reach and wide range of service offerings, Dessange International and Ulta Beauty Inc. add to the market diversity of salon service.
The Lounge Hair Salon, Seva Beauty, and Dry Bar LLC are examples of creativity and expertise in their particular fields. Skin Rich, the Leading Salons of the World LLC, and Snip-its focus on certain clientele and bring distinctive viewpoints to the hair and beauty salon market.
These prominent salon service providers shape the future of beauty and grooming services as they negotiate the changing dynamics of the market through their innovative initiatives.
Company | Details |
---|---|
Perfect Corp. | Perfect Corp., a renowned augmented reality beauty tech startup, is collaborating with L'Oreal USA in February 2023 to develop an AR-powered virtual try-on experience for L'Oreal hair care products. Users can try numerous hair colors and styles using their smartphone or tablet. |
Zenoti | Regis Corporation and Zenoti established a partnership in June 2022. Zenoti is going to be the sole salon technology platform for all Regis brands. Through this partnership, Zenoti assists Regis in providing a new digital experience to its three million salon consumers monthly. |
Book Salon | In May 2022, Book Salon, a Helsinki-based SaaS technology startup, announced plans to invest US$ 3.28 million in creating an enhanced payment processing and appointment booking platform for European beauty and wellness salons. This investment is a significant step forward for Book Salon, which seeks to revolutionize the Europe salon industry with its innovative payment processing and appointment booking platform. |
HatchBeauty | The health and beauty startup HatchBeauty purchased the consumer analytics platform Trendalytics in May 2022. Trendalytics assists brands in their product/service offerings by compiling and analyzing millions of searches conducted on various social media platforms. |
The global salon services market is likely to reach a valuation of US$ 233.8 Billion by the end of 2023
Great Clips Inc., Regis Corporation, Dessange International, Ulta Beauty Inc., The Lounge Hair Salon, and Seva Beauty are some of the key players in the global salon services market
Sales of the salon services market are likely to expand at 7.46% CAGR through 2033.
The USA, Canada, Japan, China, and Germany are expected to drive most of the demand for the salon services market.
By the end of 2033, the global market for salon services market is predicted to reach a valuation of US$ 480 Billion
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Service Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Service Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Service Type, 2024 to 2034 5.3.1. Hair Care 5.3.2. Nail Care 5.3.3. Skin Care 5.4. Y-o-Y Growth Trend Analysis By Service Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Service Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034 6.3.1. Salon Services for Men 6.3.2. Salon Services for Women 6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Service Type 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Service Type 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Service Type 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Service Type 9.3.3. By End User 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Service Type 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Service Type 10.3.3. By End User 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Service Type 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Service Type 11.3.3. By End User 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Service Type 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Service Type 12.3.3. By End User 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Service Type 13.2.3. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Service Type 13.3.3. By End User 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Service Type 14.2.3. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Service Type 14.3.3. By End User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2023 15.1.2.1. By Service Type 15.1.2.2. By End User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2023 15.2.2.1. By Service Type 15.2.2.2. By End User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2023 15.3.2.1. By Service Type 15.3.2.2. By End User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2023 15.4.2.1. By Service Type 15.4.2.2. By End User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2023 15.5.2.1. By Service Type 15.5.2.2. By End User 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2023 15.6.2.1. By Service Type 15.6.2.2. By End User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2023 15.7.2.1. By Service Type 15.7.2.2. By End User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2023 15.8.2.1. By Service Type 15.8.2.2. By End User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2023 15.9.2.1. By Service Type 15.9.2.2. By End User 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2023 15.10.2.1. By Service Type 15.10.2.2. By End User 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2023 15.11.2.1. By Service Type 15.11.2.2. By End User 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2023 15.12.2.1. By Service Type 15.12.2.2. By End User 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2023 15.13.2.1. By Service Type 15.13.2.2. By End User 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2023 15.14.2.1. By Service Type 15.14.2.2. By End User 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2023 15.15.2.1. By Service Type 15.15.2.2. By End User 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2023 15.16.2.1. By Service Type 15.16.2.2. By End User 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2023 15.17.2.1. By Service Type 15.17.2.2. By End User 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2023 15.18.2.1. By Service Type 15.18.2.2. By End User 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2023 15.19.2.1. By Service Type 15.19.2.2. By End User 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2023 15.20.2.1. By Service Type 15.20.2.2. By End User 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2023 15.21.2.1. By Service Type 15.21.2.2. By End User 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2023 15.22.2.1. By Service Type 15.22.2.2. By End User 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2023 15.23.2.1. By Service Type 15.23.2.2. By End User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Service Type 16.3.3. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Great Clips Inc. 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Regis Corporation 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Dessange International 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Ulta Beauty Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. The Lounge Hair Salon 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Seva Beauty 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Dry Bar LLC 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Skin Rich 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. The Leading Salons of the World LLC 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Snip-its 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Consumer Product Insights
View Reports