The beauty salon industry is a rapidly growing sector, with global market value expected to reach $190.81 billion by 2025 and 1.3 million people employed in the United States alone. In this blog post, we will explore 20 statistics about the beauty salon industry that provide insight into its size, growth rate, customer base and more. We’ll look at data from sources such as Statista, IBISWorld and Deloitte to get an accurate picture of how this important industry has been affected by recent events like the COVID-19 pandemic and what trends are emerging for 2021 and beyond.
Beauty Salon Industry Statistics Overview
As of 2021, there are approximately 86,000 beauty salons in the United States.
This statistic is a testament to the sheer size and scope of the beauty salon industry in the United States. It speaks to the fact that beauty salons are a major part of the economy, providing jobs and services to millions of people. This statistic is an important indicator of the health of the beauty salon industry and provides valuable insight into the current state of the industry.
The beauty salon industry in the United States saw a 7.1% decline in revenue in 2020 due to the COVID-19 pandemic.
This statistic is a stark reminder of the devastating impact the COVID-19 pandemic has had on the beauty salon industry in the United States. It highlights the need for businesses in this sector to adjust their strategies and operations in order to survive and thrive in the current climate. This statistic is an important piece of information for anyone looking to gain insight into the state of the beauty salon industry in the United States.
There are approximately 294,000 hairdressing and beauty treatment businesses in the European Union.
This statistic is a testament to the sheer size of the beauty salon industry in the European Union. It shows that the industry is a major player in the region, with a vast number of businesses providing services to customers. This statistic is a great indicator of the potential for growth in the industry, as well as the potential for new businesses to enter the market.
The expected annual growth rate of the beauty salon industry in the United States between 2020 and 2027 is 5.2%.
This statistic is a crucial indicator of the health of the beauty salon industry in the United States. It provides insight into the potential for growth and expansion in the industry over the next seven years, and can be used to inform decisions about investments, staffing, and other business strategies. By understanding the expected annual growth rate of the beauty salon industry, entrepreneurs and business owners can make informed decisions about how to best position their businesses for success.
In 2019, the beauty salon industry in the United States generated $46.9 billion in revenue.
This statistic is a testament to the immense success of the beauty salon industry in the United States. It highlights the fact that the industry is thriving and that it is a major contributor to the economy. This statistic is an important piece of information for anyone interested in the beauty salon industry, as it provides a clear indication of the industry’s financial success.
53% of beauty salon customers in the United States are aged between 25 and 34 years.
This statistic is a telling indication of the beauty salon industry’s target demographic. It reveals that the majority of beauty salon customers in the United States are within the 25-34 age range, suggesting that the industry is actively catering to this age group. This information is invaluable for beauty salon owners and marketers, as it provides insight into the preferences and needs of their customer base.
Eco-friendly and sustainable practices in beauty salons can increase consumer satisfaction by 22%.
This statistic is a powerful indicator of the potential benefits of eco-friendly and sustainable practices in beauty salons. It shows that not only are these practices beneficial for the environment, but they can also lead to a significant increase in consumer satisfaction. This is an important statistic for anyone in the beauty salon industry, as it demonstrates the potential for increased customer loyalty and satisfaction through the implementation of sustainable practices.
48% of salon owners say supplies are their largest expense.
This statistic is a telling indication of the financial burden that salon owners face. It highlights the fact that, despite the potential for profit, running a beauty salon is no easy feat. It requires a significant investment in supplies, which can be a major expense for salon owners.
Hair coloring services make up 37% of salon services revenue.
This statistic is a telling indication of the importance of hair coloring services in the beauty salon industry. It reveals that a significant portion of salon services revenue is generated from hair coloring services, highlighting the need for salons to focus on providing quality hair coloring services to their customers.
The average annual salary for a hairdresser or cosmetologist in the United States is $31,530.
This statistic is a key indicator of the financial success of the beauty salon industry. It shows that hairdressers and cosmetologists in the United States are earning a respectable salary, which is a testament to the industry’s ability to provide a stable and lucrative career path. This statistic is also important for potential salon owners, as it provides an idea of the potential earnings they could expect from their employees.
57% of beauty salons that perform facials say anti-aging treatments are the most requested service.
This statistic is a telling indication of the current state of the beauty salon industry. It reveals that the demand for anti-aging treatments is high, indicating that customers are increasingly looking for ways to maintain a youthful appearance. This statistic is a valuable insight for beauty salons, as it provides an opportunity to capitalize on the growing demand for anti-aging treatments.
22% of salon owners plan to expand their services to include hair smoothing or straightening.
This statistic is indicative of the growing trend of salon owners recognizing the demand for hair smoothing and straightening services. It shows that salon owners are adapting to the changing needs of their customers and are willing to invest in expanding their services to meet those needs. This is an important insight into the beauty salon industry, as it demonstrates the industry’s ability to stay relevant and competitive in the ever-evolving beauty market.
46% of beauty salon customers in the United States said they would definitely recommend their salon to a friend or family member.
This statistic is a testament to the quality of service that beauty salons in the United States are providing. It shows that customers are satisfied with their experiences and are willing to share their positive experiences with others. This is an important indicator of the success of the beauty salon industry and can be used to demonstrate the value of the services they provide.
The average beauty salon in the United States has a customer retention rate of 67%.
This statistic is a telling indication of the success of beauty salons in the United States. It shows that the majority of customers are returning to the same salon, suggesting that they are satisfied with the services they receive. This is a positive sign for the beauty salon industry, as it indicates that customers are finding value in the services they are receiving.
Conclusion
The beauty salon industry is a rapidly growing sector that has seen significant growth in recent years. The global market value of the industry is expected to reach $190.81 billion by 2025, and 1.3 million people are employed by it in the United States alone. In 2021, there are approximately 86,000 beauty salons operating across America with an average spending per visit of $69 for services such as hair coloring and anti-aging treatments. Despite suffering from a 7% decline due to COVID-19 last year, this sector still saw revenue totaling nearly $47 billion in 2019 and is projected to grow at 5% annually until 2027. Women own more than 61% of these businesses while 53% of customers fall between 25–34 years old; 71 percent prefer brick-and mortar locations over online booking platforms; 22 percent would be willing to pay extra for ecofriendly practices; 48 percent cite supplies as their largest expense; 46 percent say they’d recommend their salon to others; 57 percent request anti aging treatments most often when getting facials done – all indicating that this field will continue its upward trajectory into the future despite any challenges posed along the way
References
0. – https://www.bls.gov
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2. – https://www.eurofound.europa.eu
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6. – https://www.ibisworld.com
7. – https://www.statista.com
8. – https://www..deloitte.com
9. – https://www.salontoday.com
10. – https://www.insureon.com
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