The salon services market is estimated to be US$ 2,18,448.7 million by 2024. 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.
In this country, there is a boom of online order retail laundry or dry clean amenities on on-call basis because they have a complete system of booking, connecting via app to packing, washing in accordance with the requests placed by buyers and providing washed/dried cloths on the given periods. Clients get to know the condition of their clothes through the application by logging in and getting their normal delivery details
Though the COVID-19 pandemic seems to be diminishing in terms of its influence, it still has an increasingly growing effect on economic issues. The ripple effects that the epidemic has had and will continue to have on a national and global scale are amazing from laundry companies temporarily going offline to total closure. “A survey conducted by Planet Laundry indicates that the coronavirus has diminished laundry shareholders’ average earnings between 2019 and 2020 by as much as percent”
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This combined with advancing technologies is propelling the market forward over this period of time – setting it up to reach greater heights than ever before
Key Takeaways from the Market Study
- As of 2023, the salon services market was valued at US$ 233.8Billion
- From 2023 to 2033, the industry is poised to grow at a 7.46% CAGR
- By 2033, salon service market is slated to reach a valuation of US$ 480 Billion
- By service type, the hair care segment accounted for the largest share of 7.3% and is expected to continue this trend over the forecast period.
- China is poised to yield a CAGR of 7.3% with respect to salon services in 2033
Competitive Landscape
- Great Clips Inc.
- Regis Corporation
- Dessange International
- Ulta Beauty Inc.
- The Lounge Hair Salon
- Seva Beauty
- Dry Bar LLC
- Skin Rich
- The Leading Salons of the World LLC
- Snip-its
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Furthermore, many salon centers are adopting newer techniques and using more organic and chemical free products to gain a competitive share of the salon services market. These are the key strategies followed by salons to increase their market share in terms of revenue. for instance,
- In June 2022 – Regis Corporation, announces that it has partnered with Zenoti. Zenoti will become the sole salon technology platform for all of Regis’ brands. With this relationship, Zenoti will help Regis deliver a modern, digital experience to drive engagement with its three million salon customers every month.
- Chapel Beauty & Aesthetics, provide clients with a variety of treatments to help them feel beautiful and rejuvenated. Also, provide specialised beauty treatments that will leave feeling confident again. From dermal fillers to micro-needling, staff have the skills and expertise to provide with a phenomenal service from beginning to end.
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Key Segments Covered in the Salon Services Market Industry Survey
Salon Services Market by Service Type:
- Hair Care Salon Services
- Nail Care Salon Services
- Skin Care Salon Services
Salon Services Market by End User:
- Salon Services for Men
- Salon Services for Women
Salon Services Market by Region:
- North America Salon Services Market
- Latin America Salon Services Market
- Europe Salon Services Market
- South Asia & Pacific Salon Services Market
- East Asia Salon Services Market
- Middle East & Africa Salon Services Market
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