Authors:
Avinash Singh, Sunita Singh
Download free PDF
Hair Salon Service Market Size & Share 2024 – 2032
Report ID: GMI6809
|
Published Date: August 2024
|
Report Format: PDF/Excel/Dashboard/Platform
Download Free PDF
Explore Our Licensing Options:
Jump to Content
Market Size
Market Trends
Market Analysis
Market Share
Market Companies
Industry News
Table of Contents
Frequently Asked Questions
Research Methodology
Related Reports
Download Free PDF
Hair Salon Service Market
Get a free sample of this report
Get a free sample of this report Hair Salon Service Market
Is your requirement urgent? Please give us your business email
for a speedy delivery!

Hair Salon Service Market Size
The global hair salon service market size was valued at USD 71.5 billion in 2023 and is anticipated to register a CAGR of 6% between 2024 & 2032. The hair salon services market is growing due to a rise in consumer spending on personal grooming and beauty services. People are spending more on hair styling, hair care, and hair coloring which are majorly influenced by social media, celebrities, and the latest fashion trends.
Hair Salon Service Market Key Takeaways
Increasing consumer’s disposable income is likely to boost the expenditure on personal care including hair care. Urban people with high disposable income have more spending power which allows them to invest in personal grooming, people can opt for premium services including balayage and keratin treatments.
Additionally, accessibility is also one of the key factors boosting the demand of the hair salons as several salons are located on high streets and in shopping malls, which also increases the convenience of the people to get hassle-free services. The above-mentioned factors are likely to propel the growth of the market constantly throughout the forecast period.
Hair Salon Service Market Trends
Hair Salon Service Market Analysis
On the basis of the service type segment, the market is further bifurcated into haircuts, hair styling, hair coloring, hair & scalp treatment and others. The haircut segment was valued at USD 32.3 billion in 2023 and projected to reach USD 55.9 billion by 2032.
In terms of consumer group segment, the hair salon service market is further classified into male and female. The female segment was valued at USD 48.6 billion in 2023 and is anticipated to grow with a CAGR of 6% during the forecast period.
The U.S. dominated the North America hair salon service market which was valued at USD 20.9 billion in 2023 and is estimated to grow at a CAGR of 6.5% from 2024 to 2032.
Hair Salon Service Market Share
A combined market share of 20%-25% was held by major players in 2023, including Great Clips, Ulta Beauty, Inc., Regis Corporation, Toni & Guy, and Fantastic Sams.
Fantastic Sams, Great Clips, and Regis Corporation are operating on a franchise model, which allows them in expansions along with maintaining brand consistency. These companies are focusing to increase their presence by opening new locations in heavy traffic areas like shopping centers and residential hubs.
Toni & Guy is organizing professional training programs and teaching high end styling skills to hairstylists which helps it to differentiate from its competitors. Ulta Beauty started its beauty retail segment, offering skincare, hair, and cosmetics products along with its salon services.
Ulta Beauty and Great Clips are also investing in online booking systems and mobile apps and also using personalized promotions and loyalty programs to attract new customers which will also help to retain existing clients.
Hair Salon Service Market Companies
Major players operating in the hair salon service industry are:
Hair Salon Service Industry News
The hair salon service market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Service Type
Market, By Consumer Group
Market, By Salon Type
The above information is provided for the following regions and countries:
Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2023
Chapter 5 Market Estimates & Forecast, By Service Type, 2021 – 2032, (USD Billion)
Chapter 6 Market Estimates & Forecast, By Consumer Group, 2021 – 2032, (USD Billion)
Chapter 7 Market Estimates & Forecast, By Salon Type, 2021 – 2032, (USD Billion)
Chapter 8 Market Estimates & Forecast, By Region, 2021 – 2032, (USD Billion)
Chapter 9 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)
Don't see your key competitors?
The companies listed in this report are a curated selection - not the full competitive universe.
Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.
Your competitive landscape may also include
Free customization - up to 20% of report value
Need specific data? Request customization and get the insights tailored to your exact requirements.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →