The hair salon industry is an ever-evolving sector of the beauty industry. With the rise of digital media and the increasing demand for hair services, the industry is growing rapidly. In this blog post, we will be taking a look at the latest hair salon industry statistics to give you an insight into the current state of the industry.
We will be exploring the size of the industry, the number of salons, the types of services they offer, and the average revenue generated by salons. We will also be examining the trends in the industry and the factors that are driving its growth. So, if you are interested in learning more about the hair salon industry, then this blog post is for you.
Hair Salon Industry: Most Important Statistics
The hairdryer industry is valued at 8.19 billion dollars in 2021 and is expected to grow at a rate of 5.8% from 2022 to 2030, due to evolving fashion trends and greater care of one’s appearance.
Revenues in New Zealand’s hair salons have increased by 31-33% in 2021 compared to the previous quarter, almost matching pre-pandemic levels in 2019.
Hair Salon Industry: Statistics Overview
Purchasing a new salon is much more expensive than buying an operating salon, costing up to five times more.
This provides potential salon owners with an understanding of the cost associated with starting a new salon. Knowing the cost of purchasing a new salon versus an operating salon can help potential owners decide which option is best for their budget and business plan.
Hair stylists who rent a salon booth take home approximately 51% of their gross profit without taxes, leaving the remaining 49% to cover all other expenses.
This provides insight into the financial burden of renting a salon booth, which is a common practice in the hair salon industry. It also highlights the need for stylists to be aware of the costs associated with renting a booth and to budget accordingly.
Women hairstylists earn 95 cents for every dollar earned by men hairstylists in 2022, representing a large wage gap between the two genders.
This highlights the need for equal pay in the hair salon industry. This discrepancy in wages can lead to feelings of unfairness and inequality among female hairstylists, and can also lead to a lack of motivation and job satisfaction.
Additionally, this wage gap can lead to a lack of diversity in the industry, as women may be less likely to pursue a career in the hair salon industry if they know they will be paid less than their male counterparts.
The hair salon and beauty industry is expected to grow 11% from 2021 to 2031, creating 93,800 new openings for barbers, hairstylists, and cosmetologists.
There will be more job opportunities for hair and beauty specialists in the coming years, providing more people with the chance to pursue a career in the hair salon and beauty industry.
The hairdryer industry is valued at 8.19 billion dollars in 2021 and is expected to grow at a rate of 5.8% from 2022 to 2030, due to evolving fashion trends and greater care of one’s appearance.
The demand for hairdryers is increasing, which means that hair salons must keep up with the latest fashion trends and stock the most fashionable and high quality brand and model of hairdryers in order to stay competitive.
The hair salon equipment industry is expected to grow from 30.08 billion dollars worth in 2022 to 39.63 billion dollars worth by 2028.
The industry is expected to grow significantly in the next 6 years. This growth is likely to be driven by major players in the industry such as Dyson in the UK and Panasonic in Japan.
This growth is likely to lead to increased demand for hair salon equipment and services, which could lead to more jobs and opportunities in the industry.
Revenues in New Zealand’s hair salons have increased by 31-33% in 2021 compared to the previous quarter, almost matching pre-pandemic levels in 2019.
Despite the challenges posed by the COVID pandemic, the industry has been able to recover and even exceed pre-pandemic levels of revenue. This is a positive sign for the industry and indicates that it is resilient and able to bounce back from difficult times.
The e-commerce of hairdryers has majorly increased during the Covid pandemic from 2019 to 2020, and even after the pandemic ended, due to people’s wariness to return to hairdressers.
People are still interested in having their hair done, but are opting for a more convenient and safe option of buying a hairdryer and styling their own hair.
The hair care industry in Malaysia is expected to have a 3.10% annual growth rate from 2023 to 2027, with 14.1% of total revenue generated through online sales by 2023.
This provides insight into the current and future size of the industry and how it is expected to grow. It also provides information on the importance of online sales in the industry, which can help inform strategies for businesses in the industry.
Malaysia’s cosmetic beauty imports have been growing at a compound rate of 2.5% since 1994, and are estimated to reach $1.4 billion by 2026, ranking 26th in the world.
The Malaysian market for beauty products is growing, and thus, provides an opportunity for hair salons to increase their sales and profits.
The number of employees working in hairdressing salons in Denmark decreased from 5.4 thousand to 4.2 thousand from 2008 to 2018.
This shows the decline trend in the hairdressing salon industry in Denmark, which can be used to inform future decisions and strategies in the industry.
The average number of full time and part time employees in hair and beauty salons in the UK fluctuated from 2012 to 2017, with a decrease in full time employees from 2.5 in 2014 to 1.6 in 2016.
This provides insight into the current state of the hair salon industry in the UK, and how it has changed over the years. It can help inform decisions on staffing, budgeting, and other aspects of running a salon.
70% of French women surveyed are very or rather loyal to their hairdresser salon in 2019.
Customer loyalty is high, which is beneficial for businesses as it can lead to increased customer retention and repeat business.
60% of surveyed salon businesses in the UK in 2017 reported that developing good relationships with customers is the most important driver of customer loyalty, followed by value for money and being happy with previous results.
Customer loyalty is driven by more than just the quality of the service. It is also important to build relationships with customers, provide value for money, and ensure that customers are happy with their results.
This information can help salon owners understand how to best retain their customers and increase loyalty.
The ethnic hair market in the United States generated 774 million U.S. dollars in 2014 and is estimated to increase to around 972 million U.S. dollars in 2019.
This provides an indication of the potential growth of the industry in the United States. It also provides a benchmark for the industry to measure its performance against in the coming years.
The hair care market in Great Britain decreased from 1.73 million pounds in 2013 to 1.28 million pounds in 2021.
This shows a decrease in the demand for hair care products, which could lead to a decrease in revenue for hair salons.
The average cost of men’s haircuts in the UK has remained relatively stable between 2012 and 2017, at around 13.7 British pounds.
This provides an indication of the cost of services provided by salons in the UK, which can help inform pricing decisions for salons.
The average cost of male hair and beauty treatments in salons in the UK has decreased from 19 pounds in 2012 to 12 pounds in 2014, with the most expensive treatment being a facial or massage at 33 pounds in 2017.
The industry is becoming more competitive and cost-effective, allowing customers to get the same quality of service for a lower price. This could lead to an increase in customers, resulting in higher profits for the industry.
UK men visit barbers every 2.5 weeks for a cut throat shave and every 5.8 weeks for a restyling, and prices at barbers and beauty salons have decreased over the years.
Men are frequent customers of barbers and that they are willing to pay for more expensive treatments.
59.02 million Americans had 4 or more hair cuts in 2020 – this provides insight into the frequency of hair cuts and the size of the market for hair salons.
Conclusion
The hair salon industry is a thriving business that is expected to continue to grow in the coming years. With the rise of social media, the demand for hair salons is likely to increase as people become more aware of the latest trends and styles.
Additionally, the industry is expected to benefit from the increasing number of people who are looking for ways to improve their appearance. As the industry continues to grow, it is important to stay up to date on the latest industry statistics so that you can make informed decisions about your business.
References
1 – https://www.allthingshair.com/en-us/hairstyles-haircuts/hair-salon-industry-statistics
2 – https://thethrivingstylist.com/blog/2019/9/17/what-it-really-costs-to-be-a-booth-renter-or-salon-owner
3 – https://www.allthingshair.com/en-us/hairstyles-haircuts/hair-salon-industry-statistics
4 – https://www.bls.gov/ooh/personal-care-and-service/barbers-hairstylists-and-cosmetologists.htm
5 – https://www.grandviewresearch.com/industry-analysis/hair-dryer-market
6 – https://www.marketdataforecast.com/market-reports/hair-styling-tools-market
7 – https://www.kitomba.com/blog/industry-insights-the-effects-of-covid-19-on-the-hair-and-beauty-industry-in-q4-2021/
8 – https://www.grandviewresearch.com/industry-analysis/hair-dryer-market
9 – https://www.statista.com/outlook/cmo/beauty-personal-care/malaysia
10 – https://www.reportlinker.com/clp/country/510074/726406
11 – https://www.statista.com/statistics/865055/number-of-employees-in-hairdressing-salons-in-denmark/
12 – https://www.statista.com/statistics/458414/hair-and-beauty-salon-employees-united-kingdom-uk/
13 – https://www.statista.com/statistics/1007745/going-same-hairdresser-salon-women-france/
14 – https://www.statista.com/statistics/478739/hair-and-beauty-salon-customers-loyalty-drivers-united-kingdom-uk/
15 – https://www.statista.com/statistics/607088/us-black-haircare-market-size/
16 – https://www.statista.com/statistics/289750/haircare-market-value-in-great-britain/
17 – https://www.statista.com/statistics/719235/average-barber-prices-in-the-uk/
18 – https://www.statista.com/statistics/408717/average-price-male-hair-beauty-salon-treatments-united-kingdom-uk/
19 – https://www.statista.com/statistics/719264/average-barber-visit-frequency-in-the-uk/
20 – https://www.statista.com/statistics/286966/frequency-of-hair-cuts-in-the-us-trend/
