The world of beauty is booming, and at the heart of it lies a thriving industry – the US & Canada hair salon services market, projected to reach a staggering US$ 34,503.94 million by 2033. As a decision-maker, here’s why you should take notice:
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Riding the Disposable Income Wave: Consumers have more to spend, and self-care is a top priority. Hair salon services offer a way to indulge, invest in appearance, and enhance self-confidence. By providing exceptional experiences, you tap into this growing disposable income trend.
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Fashion’s Fickle Finger: A Boon for Business: Fashion trends are ever-evolving, and hair is a key player. This constant change fuels demand for haircuts, styling, and coloring services. Stay ahead of the curve and offer trend-setting solutions to keep clients coming back for more.
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The Grooming Game: It’s Not Just for Men Anymore: The focus on personal grooming has expanded beyond traditional gender roles. Both men and women are increasingly prioritizing hair care, creating a broader and more lucrative market for your salon.
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Beyond the Basics: A Spectrum of Services: Hair salons aren’t just about haircuts. They offer a diverse range of services, from deep conditioning treatments and keratin straightening to extensions and perms. Cater to diverse needs and provide a full spectrum of options to attract a wider clientele.
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Digital Revolution: Convenience is King: Consumers crave convenience. Embrace online booking systems and digital integration to streamline operations, enhance customer experience, and boost overall efficiency. Make it easy for clients to schedule appointments and show them you prioritize their time.
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Going Green with Hair Care: The natural and chemical-free movement is here to stay. Offer a range of organic and eco-friendly hair care services to cater to this growing demand. By aligning with sustainability trends, you attract environmentally conscious clients and build brand loyalty.
The US & Canada hair salon market is more than just haircuts – it’s about capitalizing on trends, offering exceptional service, and catering to a growing desire for self-care. By embracing innovation, convenience, and a holistic approach to hair care, you can unlock a world of opportunity in this thriving market.
The hair salon services market in the North America region is the leading in the world. The growth of the United States & Canada hair salon services market can be attributed to an increasing focus on personal grooming. Alongside, a growing awareness of hair health and wellness collectively contribute to the growth and development of the hair salon services industry.
The market is highly competitive, with a large number of players offering a wide range of services. Some of the key players in the United States & Canada hair salon services market include Regis Corporation, Blo Blow Dry Bar, Ulta Beauty Inc., and others.
Key Takeaways from the Report
- Hair styling segment is anticipated to surge rapidly with a CAGR of 3% during the projection period in the market.
- In terms of size, large salons have the leading CAGR of 4.0%.
- On the basis of the type, the franchise outlets have the prominent market share of 6% in 2022.
- The United States and Canada hair salon services market is expected to grow at a CAGR of 3% through 2033.
Who is winning?
Key players present in the United States & Canada Hair Salon Services market are Regis Corporation, Blo Blow Dry Bar, Ulta Beauty Inc., Hair Cuttery Family of Brands (HCFB), Great Clips, Toni & Guy, Seva Beauty, Drybar, Saco Hair, Rush Hair & Beauty, Franck Provost, Jean Louis David and The Lounge Hair Salon among others.
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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States & Canada Hair Salon Services market, presenting historical demand data (2018 to2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the United States & Canada Hair Salon Services market by service type (hair cutting, hair styling & hair treatment), by type (franchise outlets, brand owned outlets, individual outlets), by size (large, medium, small), and regions.
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