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Salon Service Market Size

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

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Salon Service Market Size

Salon Service Market was valued at USD 116 billion in 2023 and is anticipated to register at over 5.5% CAGR between 2024 and 2032, on account of the desire to stay current with fashion and beauty standards. Evolving beauty and grooming trends influence consumer preferences for salon services.

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Increasing awareness of wellness and self-care contributes to the demand for services such as spa treatments, massages, and holistic beauty services offered by salons. The increasing urbanization and fast-paced lifestyles often lead consumers to rely on salon services for quick and convenient grooming and beauty solutions. As disposable income levels rise, consumers are more likely to spend on discretionary services like salon treatments, contributing to the business growth.

Salon Service Market Report Attributes
Report Attribute	Details
Base Year:	2023
Salon Service Market Size in 2023:	USD 116 billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.5%
2032 Value Projection:	USD 187 billion
Historical Data for:	2018 - 2023
No. of Pages:	387
Tables, Charts & Figures:	250
Segments covered:	Service type, consumer group, salon type, region
Growth Drivers:	Rapid urbanization and changing lifestyle Increasing consumer awareness on hygiene Increasing disposable income Men’s grooming trends
Pitfalls & Challenges:	Intense competition Regulatory compliance

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The introduction of specialized and trendy services, such as balayage hair coloring, lash extensions, and unique nail art, can drive demand as consumers seek new personalized experiences. Special occasions, events, and celebrations drive demand for salon services as individuals seek professional grooming and styling for weddings, parties, and other social gatherings. The increasing trend of men's grooming and a growing acceptance of grooming services among men also contribute to the expansion of the salon service market.

The salon industry is highly competitive, with numerous small and large establishments. Differentiating one's salon from competitors can be challenging. Staying compliant with local and industry regulations, including licensing requirements, health and safety standards, and labor laws, can be complex and may pose challenges for salon owners.

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.