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Salon Service Market Analysis

  • Report ID: GMI8280
  • Published Date: Feb 2024
  • Report Format: PDF

Salon Service Market Analysis

The hair care salon segment exceeded USD 72 billion in 2023. Hair care services often follow fashion trends. Changes in hairstyles, colors, and treatments driven by fashion and celebrities can significantly impact the demand for hair care services. Many individuals use their hairstyles as a form of self-expression. Changes in personal style or a desire for a new look can drive the demand for hair care services. Events such as weddings, parties, and celebrations often lead to increased demand for hairstyling and hair treatment services. Nail art and design trends play a crucial role in driving demand for nail care services.

Innovative and trendy nail designs often attract customers seeking unique and personalized experiences. Growing awareness of skincare for health and wellness purposes contributes to the demand for facial treatments, massages, and other skin care services. As the population ages, there is a rising demand for anti-aging and rejuvenating skin care services, including facials, peels, and other treatments.

Global Salon Service Market Revenue Share (%), By Consumer Group, (2023)

Based on consumer group, the female consumer group held approximately 72% share of salon service market in 2023. Women often face societal pressures related to beauty standards. Changes in fashion trends, makeup styles, and hairstyles can drive women to seek salon services to stay current and conform to societal expectations. Women often view salon services as a means of self-expression. Haircuts, hair color, nail art, and skincare treatments allow them to showcase their personality and style. Events like weddings, proms, parties, and other special occasions prompt women to visit salons for various services, including hair styling, makeup, and nail care.

Changing grooming trends, including beard styles and haircuts, influence the demand for salon services among men. The popularity of well-groomed looks may drive men to seek professional grooming services. Many men prioritize a polished and professional appearance, especially in the workplace. This can lead to an increased demand for services such as haircuts, beard trims, and facial treatments.

U.S. Salon Service Market Size, 2021 - 2032 (USD Billion)

North America dominated around 25% share of the salon service market in 2023. North America's diverse population, with various ethnicities and cultures, drives demand for a wide range of salon services tailored to different hair types, textures, and beauty preferences. A relatively high level of disposable income in North America allows consumers to allocate spending on discretionary services, including salon treatments and beauty services. A growing emphasis on personal well-being and self-care contributes to the demand for salon services, including spa treatments, massages, and other wellness-related offerings. Busy lifestyles in North America lead consumers to value time-efficient services, contributing to the demand for express services and convenient scheduling options offered by salons.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market valuation of the salon service was reached USD 116 billion in 2023 and is anticipated to register over 5.5% CAGR between 2024 and 2032, driven by the desire to stay updated with fashion and beauty standards.

Hair care salon service segment was worth over USD 72 billion in 2023 and will record a notable demand through 2032, owing to the changes in hairstyles, colors, and treatments.

North America salon service market accounted for 25% revenue share in 2023 and will continue to show impressive growth trends through 2032, attributed to the growing emphasis on personal well-being and self-care.

Aveda Corporation, Estée Lauder Companies Inc., L'Oréal Group, Ratner Companies, Regis Corporation, Revlon, Inc., Sally Beauty Holdings, Inc., Schwarzkopf Professional, Sebastian Professional, Toni & Guy, Ulta Beauty, Inc., Wella Professionals, John Paul Mitchell Systems, Kao Corporation and Moroccanoil.

Salon Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 387
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