According to Future Market Insights (FMI) research, during the projected period, the United States & Canada hair salon services market is expected to grow at a CAGR of 3.2%. The market value is projected to increase from US$ 24,772.15 million in 2023 to US$ 34,503.94 million by 2033.
The United States & Canada hair salon services market was valued at US$ 23,999.92 million at the end of 2022 and is anticipated to exhibit Y-o-Y growth of 3.25% in 2023.
The target market in the region has experienced steady growth. The market in the region is the leading, reaching US$ 23,999.92 million in revenue in 2022. The key segments within the market include service type, type, and size.
The salon services market has grown steadily over the years due to factors such as increasing disposable income, changing fashion trends, and increasing importance of grooming and grooming.
Hair salons provide customers with a wide range of services such as haircuts, hairstyling, hair coloring, hair treatments (deep conditioning, keratin treatments, etc.), hair extensions, perms and straightening.
Several trends have influenced the market, including digital integration and online booking, to streamline their operations, enhance customer convenience, and improve overall efficiency. Online booking has gained significant popularity, as it allows both parties to schedule appointments easily and conveniently.
The growing popularity of natural and chemical-free hair care offerings has increased the demand for hair salon services. Hair salons are responding to this trend by offering a range of natural and chemical-free hair care services.
The market is highly competitive, with a mix of small independent salons, regional chains, and well-known national and international salon brands. Some salons cater to specific audiences or specialize in certain services.
Salons are providing specialized treatments that promote natural hair health and minimize chemical interventions had an impact on the industry.
Attribute | Details |
---|---|
United States & Canada Hair Salon Services Market Size (2022) | ~US$ 23,999.92 million |
Estimated Market Size (2023) | ~US$ 24,772.15 million |
Projected Market Value (2033) | ~US$ 34,503.94 million |
Value-based CAGR (2023 to 2033) | ~3.3% |
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The late 20th century saw a huge boom in the beauty and personal care sector, including hair salon services. As beauty ideals evolved, people became more conscious of their appearance, increasing the demand for professional hair care and styling.
The United States & Canada hair salon services market was valued at US$ 23,999.92 million at the end of the historical period 2018 to 2022.
The late 20th century was the time to shine for chain salons offering standardized services and to gain brand recognition. This trend continued in 21st century, with domestic and international salon chains expanding their presence.
Fashion and beauty trends have a significant impact on the hair salon services industry. This is because consumers frequently change their hairstyles and hair colors to align with the latest trends. This has been driving the demand for services such as hair coloring, hair extensions, and innovative styling techniques.
The market's leading players are investing in research and development to develop haircare products, treatments, and solutions. This involves formulating or sourcing high-quality, eco-friendly, and sustainable haircare products that cater to various hair types and specific customer needs.
The COVID-19 pandemic had a profound and far-reaching impact on the hair salon services market globally. The measures implemented to curb the spread of the virus, such as lockdowns, social distancing requirements, and temporary closures, significantly disrupted the operations of hair salons. As a result, the market experienced several notable changes during this period.
As a result, the United States & Canada hair salon services industry is estimated to grow at a decent rate with a 3.3% CAGR during the forecast period.
In recent years, the hair salon services market is experiencing significant growth driven by the increasing focus on personal grooming and appearance.
In society, there has recently been heightening emphasis on looking one's best, which has led individuals to seek professional hair care and styling services.
This is fuelled by the recognition that personal appearance plays a crucial role in boosting confidence and self-expression. People are striving to achieve their desired looks, often influenced by media, celebrity culture, and societal beauty standards. The desire to make a favourable impression in both personal and professional settings further drives the demand for hair salon services.
The growing demand for professional hair care and grooming services has led to an increase in the establishment of new salon businesses, catering to a diverse range of customer preferences. These establishments offer a wide array of services, including haircuts, styling, coloring, treatments, and spa experiences.
The presence of several salons provides customers with a greater choice of service providers. This fosters competition and driving innovation within the industry is one of the major factors that has contributed to the growth of the overall salon services market.
The integration of technology has significantly transformed hair salon services. Advanced tools and equipment, such as digital hair analysis systems, virtual hairstyling software, and smart salon management platforms, enhance the customer experience and streamline salon operations.
Digital tools allow for personalized consultations, accurate color matching, and virtual try-on experiences, enabling customers to visualize their desired hairstyles before committing to a service.
Advancements in hair salon services have allowed for greater customization and personalization. Stylists can now tailor their services to match individual preferences, face shapes, and lifestyles. They can create bespoke haircuts, styles, and colors that complement each client's unique features and personality.
The ability to offer personalized consultations and recommendations enhances the overall customer experience.
Rising Focus on Personal Grooming Driving Market in the United States
The United States & Canada hair salon services are anticipated to grow at a CAGR of 3.45% during the projection period. The hair salon services market in the United States is well-developed and highly competitive and has a diverse range of salon concepts, from high-end salons to budget-friendly chains.
Urban areas often feature a mix of traditional salons and trendy boutique-style establishments and cater to the consumer demand for various services like haircuts, styling, and coloring. The market is also witnessing growth in men's grooming services and specialized salons catering to specific hair textures or ethnicities.
Moreover, in addition, Beauty Launchpad has reported that in the United States alone, the number of independent hairstylists exceeds half a million and continues to rise steadily each year.
Growing Emphasis on Performance Enhancement Fueling the Market in Canada
Canada has a vibrant hair salon services market, characterized by a mix of traditional barbershops, unisex salons, and specialized beauty salons. The region places high importance on personal grooming and beauty.
The region also has a strong demand for hair styling, coloring, and treatments, and is known for its hair culture, with a variety of salons catering to diverse hair types and textures. The market is also influenced by unique hair care rituals and trends specific to each country.
Factors such as local culture, economic conditions, and consumer preferences significantly impact the hair salon services market in the country. Hair salons need to adapt their strategies, services, and marketing efforts to cater to the unique demands and preferences of their respective regional markets.
Hair Styling is the Prominent Segment in the Market
Hair styling has gained popularity in the United States & Canada. It encompasses a range of services focused on creating and transforming hairstyles. This is done according to individual preferences and trends, and stylists use professional tools and products to achieve desired styles.
The hair styling segment is dominant in the hair salon services industry, catering to individuals seeking personalized and fashionable hair transformations. As a result, the hair styling segment is projected to surge at a robust CAGR of 4.3% during the projection period.
Large Segment is Projected to have Leading Growth in the Market
The large segment has high growth in the market, as these salons typically have larger physical spaces, and accommodate a higher number of clients.
They also employ a larger team of stylists and staff. Large salons also offer a wide range of hair salon services to cater to diverse client needs.
Their size and resources allow them to serve a higher volume of clients, cater to diverse hair care needs, and provide a comprehensive salon experience. This leads to the growth of the segment and it is expected to surge with a CAGR of 4.0% in the forecast period.
Franchise Outlets to Retain Significant Shares in the Industry
Within the hair salon services market, franchise outlet salons have established a significant market share of 44.6% in 2022. These salons operate under established and well-recognized brands, benefiting from the reputation and trust built by the franchisors.
The standardized operations followed by franchise outlet salons ensure consistent service quality across multiple locations, appealing to customers seeking reliability and a familiar salon experience. Franchise owners receive comprehensive training and ongoing support from the franchisors, equipping them with the necessary skills and knowledge to effectively manage salons.
While the individual outlet segment is one of the emerging segments and is expected to rise rapidly with a CAGR of 4.45% during the projection period.
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The United States & Canada Hair Salon Services market has a fragmented competitive landscape with a large number of players competing based on service type, treatments, brand reputation, and price. Companies are investing in research and development activities to develop new haircare products, treatments, and solutions.
In addition, the market's key players create comfortable and aesthetically pleasing environments, offering personalized attention, and providing additional amenities such as refreshments, relaxation areas, or entertainment.
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Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 201 to 2022 |
Market Analysis | US$ million/billion for Value |
Key Countries Covered | The United States, Canada |
Key Segments Covered | Service Type, Type, Size |
Key Companies Profiled | Regis Corporation; Blo Blow Dry Bar; Ulta Beauty Inc.; Hair Cuttery Family of Brands (HCFB); Great Clips, Toni & Guy; Regis Corporation; Seva Beauty; Drybar; Saco Hair; Rush Hair & Beauty; Franck Provos; Jean Louis David; The Lounge Hair Salon |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The United States & Canada hair salon services market is expected to reach a valuation of ~US$ 24,772.15 million in 2023.
The United States & Canada hair salon services industry expanded at ~2.8% CAGR from 2018 to 2022.
The United States & Canada hair salon services market was valued at US$ 23,999.92 million at the end of the historical period 2018 to 2022.
The hair styling segment is projected to lead at a robust CAGR of 4.3% during the projection period.
The large segment is expected to surge at a CAGR of 4.0% in the forecast period.
1. Executive Summary 1.1. The USA and Canada 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. Key Market Trends 3.1. Key Trends Impacting the Market 3.1.1. Increasing Number of Professional Salons 3.1.2. Rise in Focus on Personal Grooming 3.1.3. Awareness of Hair Health and Wellness 3.1.4. Advancement in Salons 3.1.5. Others (during the course of the study) 3.2. Future Prospects of Industry 3.2.1. Factors Fueling Growth 3.2.2. Influx of Brands 3.2.3. Increasing Demand of Sustainable Products 4. The Market - Pricing Analysis 4.1. Regional Pricing Analysis By Insole Type 4.2. Pricing Break-up 4.2.1. Manufacturer Level Pricing 4.2.2. Distributor Level Pricing 4.3. Regional Average Pricing Analysis Benchmark 5. The Market Demand (in Value or Size in The USA$ Million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Value (The USA$ Million) Analysis, 2018 to 2022 5.2. Current and Future Market Value (The USA$ Million) Projections, 2023 to 2033 5.2.1. Y-o-Y Growth Trend Analysis 5.2.2. Absolute $ Opportunity Analysis 6. Market Background 6.1. Macro-Economic Factors 6.1.1. The USA GDP Growth Outlook 6.1.2. The Industry Overview 6.1.3. Number of Participants in Sports 6.1.4. The Spending Outlook 6.1.5. The USA & Canada Service Market Outlook 6.2. Forecast Factors - Relevance & Impact 6.2.1. Top Companies Historical Growth 6.2.2. GDP Growth Forecast 6.2.3. Top Companies Historical Growth 6.2.4. The USA & Canada Service Sector Gross Value Added 6.2.5. The Industry Outlook 6.2.6. The USA & Canada Urbanization Growth Outlook 6.3. Value Chain 6.3.1. Profit Margin Analysis at each sales point 6.3.2. List & role of key participant 6.3.2.1. Manufacture 6.3.2.2. Distributors/Retailers 6.4. Market Dynamics 6.4.1. Drivers 6.4.2. Restraints 6.4.3. Opportunity Analysis 6.5. PESTLE Analysis of Market 6.6. Porter’s Five Force Analysis 7. The Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Service Type 7.1. Introduction / Key Findings 7.2. Historical Market Size (The USA$ Million) Analysis By Service Type, 2018 to 2022 7.3. Current and Future Market Size (The USA$ Million) Analysis and Forecast By Service Type, 2023 to 2033 7.3.1. Hair Cutting 7.3.2. Hair Styling 7.3.3. Hair Treatment 7.4. Market Attractiveness Analysis By Service Type 8. The Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (The USA$ Million) Analysis By Type, 2018 to 2022 8.3. Current and Future Market Size (The USA$ Million) Analysis and Forecast By Type, 2023 to 2033 8.3.1. Franchise Outlets 8.3.2. Brand Owned Outlets 8.3.3. Individual Outlets 8.4. Market Attractiveness Analysis By Type 9. The Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Size 9.1. Introduction / Key Findings 9.2. Historical Market Size (The USA$ Million) Analysis By Size, 2018 to 2022 9.3. Current and Future Market Size (The USA$ Million) Analysis and Forecast By Size, 2023 to 2033 9.3.1. Large 9.3.2. Medium 9.3.3. Small 9.4. Market Attractiveness Analysis By Size 10. The USA Market Analysis 2018 to 2022 and Forecast 2023 to 2033 10.1. Introduction 10.2. Pricing Analysis 10.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.4.1. By Region 10.4.1.1. West 10.4.1.2. South West 10.4.1.3. Mid-West 10.4.1.4. North East 10.4.1.5. South East 10.4.2. By Service Type 10.4.2.1. Hair 10.4.2.1.1. Hair Cutting 10.4.2.1.2. Hair Styling 10.4.2.1.3. Hair Treatment 10.4.3. By Type 10.4.3.1. Franchise Outlets 10.4.3.2. Brand Owned Outlets 10.4.3.3. Individual Outlets 10.4.4. By Size 10.4.4.1. Large 10.4.4.2. Medium 10.4.4.3. Small 10.5. Market Attractiveness Analysis 10.5.1. By Service Type 10.5.2. By Type 10.5.3. By Size 10.6. Market Trends 10.7. Drivers and Restraints - Impact Analysis 10.8. Key Players Participants - Intensity Mapping 11. West Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.4.1. By Service Type 11.4.2. By Type 11.4.3. By Size 11.5. Market Attractiveness Analysis 11.5.1. By Service Type 11.5.2. By Type 11.5.3. By Size 11.6. Market Trends 11.7. Drivers and Restraints - Impact Analysis 11.8. Key Players Participants - Intensity Mapping 12. Mid-West Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Service Type 12.4.2. By Type 12.4.3. By Size 12.5. Market Attractiveness Analysis 12.5.1. By Service Type 12.5.2. By Type 12.5.3. By Size 12.6. Market Trends 12.7. Drivers and Restraints - Impact Analysis 12.8. Key Players Participants - Intensity Mapping 13. North East Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Service Type 13.4.2. By Type 13.4.3. By Size 13.5. Market Attractiveness Analysis 13.5.1. By Service Type 13.5.2. By Type 13.5.3. By Size 13.6. Market Trends 13.7. Drivers and Restraints - Impact Analysis 13.8. Key Players Participants - Intensity Mapping 14. South East Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Service Type 14.4.2. By Type 14.4.3. By Size 14.5. Market Attractiveness Analysis 14.5.1. By Service Type 14.5.2. By Type 14.5.3. By Size 14.6. Market Trends 14.7. Drivers and Restraints - Impact Analysis 14.8. Key Players Participants - Intensity Mapping 15. South West Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Service Type 15.4.2. By Type 15.4.3. By Size 15.5. Market Attractiveness Analysis 15.5.1. By Service Type 15.5.2. By Type 15.5.3. By Size 15.6. Market Trends 15.7. Drivers and Restraints - Impact Analysis 15.8. Key Players Participants - Intensity Mapping 16. Canada Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (The USA$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 16.4. Market Size (The USA$ Million) Forecast By Market Taxonomy, 2023 to 2033 16.4.1. By Service Type 16.4.2. By Type 16.4.3. By Size 16.5. Market Attractiveness Analysis 16.5.1. By Service Type 16.5.2. By Type 16.5.3. By Size 16.6. Market Trends 16.7. Drivers and Restraints - Impact Analysis 16.8. Key Players Participants - Intensity Mapping 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies (Hair Salon Services) 17.2. Market Share Analysis of Top Players 17.3. Market Presence Analysis 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Regis Corporation 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Profitability by Market Segments (Product/Channel/Region) 18.3.1.4. Sales Footprint 18.3.1.5. Strategy Overview 18.3.2. Blo Blow Dry Bar 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Profitability by Market Segments (Product/Channel/Region) 18.3.2.4. Sales Footprint 18.3.2.5. Strategy Overview 18.3.3. Ulta Beauty Inc. 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Profitability by Market Segments (Product/Channel/Region) 18.3.3.4. Sales Footprint 18.3.3.5. Strategy Overview 18.3.4. Hair Cuttery Family of Brands (HCFB) 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Profitability by Market Segments (Product/Channel/Region) 18.3.4.4. Sales Footprint 18.3.4.5. Strategy Overview 18.3.5. Great Clips 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Profitability by Market Segments (Product/Channel/Region) 18.3.5.4. Sales Footprint 18.3.5.5. Strategy Overview 18.3.6. Toni & Guy 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Profitability by Market Segments (Product/Channel/Region) 18.3.6.4. Sales Footprint 18.3.6.5. Strategy Overview 18.3.7. Seva Beauty 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Profitability by Market Segments (Product/Channel/Region) 18.3.7.4. Sales Footprint 18.3.7.5. Strategy Overview 18.3.8. Drybar 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Profitability by Market Segments (Product/Channel/Region) 18.3.8.4. Sales Footprint 18.3.8.5. Strategy Overview 18.3.9. Saco Hair 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Profitability by Market Segments (Product/Channel/Region) 18.3.9.4. Sales Footprint 18.3.9.5. Strategy Overview 18.3.10. Rush Hair & Beauty 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Profitability by Market Segments (Product/Channel/Region) 18.3.10.4. Sales Footprint 18.3.10.5. Strategy Overview 18.3.11. Franck Provost 18.3.11.1. Overview 18.3.11.2. Product Portfolio 18.3.11.3. Profitability by Market Segments (Product/Channel/Region) 18.3.11.4. Sales Footprint 18.3.11.5. Strategy Overview 18.3.12. Jean Louis David 18.3.12.1. Overview 18.3.12.2. Product Portfolio 18.3.12.3. Profitability by Market Segments (Product/Channel/Region) 18.3.12.4. Sales Footprint 18.3.12.5. Strategy Overview 18.3.13. The Lounge Hair Salon 18.3.13.1. Overview 18.3.13.2. Product Portfolio 18.3.13.3. Profitability by Market Segments (Product/Channel/Region) 18.3.13.4. Sales Footprint 18.3.13.5. Strategy Overview 18.3.14. Others (as requested) 18.3.14.1. Overview 18.3.14.2. Product Portfolio 18.3.14.3. Profitability by Market Segments (Product/Channel/Region) 18.3.14.4. Sales Footprint 18.3.14.5. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
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