Salon Services Market Envisaged to Expand to US$ 480 Billion by 2033 | FMI

The salon services market is expected to grow at a compound annual growth rate (CAGR) of 7.46%, with a current valuation of US$ 233.8 billion by 2023. The beauty industry’s technical advancements and rising consumer demand for beauty care products are expected to drive the market to US$ 480 billion by 2033.

In this country, on-call retail laundry or dry clean amenities are fast becoming popular because they use an effective full strategy from booking through app to gathering, cleaning/washing in accordance with the commands given by purchasers and providing washed clothes at set periods. Customers are able to know about the condition of their clothes, by logging into their app and getting full standard delivery details.

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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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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