The nail salon industry is a booming business, with more and more people taking advantage of the services offered. But what do we know about the industry? What are the latest trends and statistics?
In this blog post, we’ll take a look at the nail salon industry, its growth, and the latest statistics. We’ll also explore the key players in the industry and the challenges they face. Finally, we’ll discuss the implications of these statistics and trends for the future of the industry. So, let’s get started.
Nail Salon Industry: The Most Important Statistics
The number of nail technicians in the U.S decreased by 44,093 from 2017-2018.
The average annual wage of manicurists and pedicurists in the US in 2018 was $25,860, with almost 395,600 nail technicians employed in the same year.
Nail Salon Industry Statistics Overview
The global nail salon market size is estimated at $45437.3 million in 2021 and is expected to grow at a CAGR of 7.42% to reach $69794.6 million by 2027.
The nails salon segment is expected to reach $12.05bn in 2023 and grow annually by 3.77% (CAGR 2023-2027). This provides an indication of the size of the industry in 2023 and the potential for further growth in the years to come.
The national salary for nail techs is $34,736 per year, which is important to understand in the context of the Nail Salon Industry as it provides insight into the wages and salaries of those employed in the industry.
Nail techs in the US make an average of $10.72/hour and $22,290 annually.
Gel manicure is the most popular manicure trend right now, lasting up to three times longer than regular polish. Hard Gel is popular in the Nail Salon Industry because it can be cured and made into a nail extension.
The number of nail technicians in the U.S decreased by 44,093 from 2017-2018.
The average annual wage of manicurists and pedicurists in the US in 2018 was $25,860, with almost 395,600 nail technicians employed in the same year.
Vietnamese salons dominate the US nail salon industry, making up a majority of the salons across the country.
12% of Vietnamese Americans in the labor force work as manicurists and pedicurists.
This data can be used to inform policies that support the industry, such as providing educational opportunities and resources to help Vietnamese Americans succeed in the industry.
There are over 408,000 nail technicians in the United States.
This speaks to the immense popularity of nail services and the vast number of professionals providing them. It is a powerful indicator of the economic impact of the nail salon industry and the potential for growth in the sector.
The nail salon industry is worth about $8.53 billion in 2021.
The industry is thriving and has a significant impact on the economy. This is an important piece of information for anyone interested in the nail salon industry, as it provides a clear indication of the industry’s current state and potential for growth.
The global nail salon market size is projected to reach USD 11.6 billion by 2027.
The market is expected to grow significantly over the next few years, indicating that now is the perfect time to invest in the industry. This statistic is a great starting point for anyone looking to gain insight into the nail salon industry and its future prospects.
The average annual salary of a nail technician in the United States is $23,401.
This provides a valuable insight into the average income of those working in the industry, and can be used to compare the salaries of nail technicians to those of other professions. This information can be used to inform decisions about career paths, and to help inform the public about the financial realities of the nail salon industry.
There are about 53,000 registered nail salons in the United States.
This speaks to the sheer number of businesses that are dedicated to providing nail care services to customers, and it serves as a reminder of the importance of this industry in the US economy.
The global nail care market, which includes the nail salon industry, is expected to grow at a CAGR of 4.63% between 2021 and 2028.
The nail care market is expected to expand at a steady rate, indicating that the industry is likely to remain a viable and profitable venture for those looking to invest in it. This is an important piece of information for anyone interested in the nail salon industry, as it provides a glimpse into the future of the industry and its potential for success.
Roughly 34% of nail salon technicians have been in the industry for over 10 years.
It is a field that many technicians have found to be rewarding and fulfilling for a long period of time. It suggests that the industry is stable and provides a reliable source of income for those who choose to pursue it. Furthermore, it implies that the industry is well-established and has a strong customer base, as technicians have been able to remain employed in the field for over a decade. This statistic is a testament to the success of the nail salon industry.
The nail salon industry is recovering in 2021, with an estimated revenue growth of 5%.
This is an encouraging sign for those in the industry, and it serves as a reminder that the nail salon industry is still a viable and profitable business. This statistic is an important one to consider when discussing the nail salon industry, as it provides a glimpse into the current state of the industry and its potential for growth.
Approximately 26% of nail technicians work more than 40 hours per week.
A significant portion of the workforce is putting in extra hours, likely to make ends meet or to keep up with the demands of the job. This speaks to the hard work and dedication of the nail technicians, as well as the potential for long hours and low pay in the industry.
At-home nail service businesses have seen an increase in demand of 32% during the COVID-19 pandemic.
Despite the challenges posed by the pandemic, at-home nail service businesses have seen a significant increase in demand, demonstrating the industry’s ability to adapt and thrive in difficult times. This statistic is an important reminder of the strength of the nail salon industry and its potential for growth.
Around 14% of nail salons in the United States are located in California.
California is a major player in the industry, and that the state is home to a large number of nail salons. This is important information for anyone looking to open a nail salon or to understand the industry as a whole.
Nearly 60% of nail salon clients spend an average of $10 to $50 per visit.
The majority of customers are willing to spend a moderate amount of money on their visits, which suggests that the industry is doing well and is able to attract a steady stream of customers. This is an important statistic to consider when discussing the overall success of the nail salon industry.
73% of women have visited a nail salon in the past year.
A large majority of women are frequenting these establishments, which is a testament to the success of the nail salon industry. This statistic is an important piece of information for anyone looking to gain insight into the industry and its current state.
There are over 1,600 suppliers of manicure and pedicure products to the global nail salon industry.
With over 1,600 suppliers of manicure and pedicure products, it’s clear that the industry is thriving and has a wide range of options for customers. This statistic is a great indicator of the industry’s success and its potential for growth.
About 65% of nail salons offer both manicure and pedicure services.
The majority of nail salons offer both services, which suggests that customers can expect to find both services when they visit a nail salon. This is important information for anyone looking to get a manicure or pedicure, as it provides assurance that they will be able to find the services they need.
Conclusion
The nail salon industry is a thriving business that continues to grow. With the right marketing strategies, the right products, and the right customer service, nail salons can continue to be successful.
By understanding the industry’s trends and statistics, nail salons can make informed decisions that will help them stay competitive and profitable. With the right approach, nail salons can continue to be a successful business.
References
1 – https://www.marketwatch.com/press-release/nail-salon-market-size-share-growth-report-explores-industry-trends-analysis-2029-2023-01-06#:~:text=The%20global%20Nail%20Salon%20market%20size%20was%20valued%20at%20USD,USD%2069794.6%20million%20by%202027.
2 – https://www.statista.com/outlook/cmo/beauty-personal-care/cosmetics/nails/worldwide
3 – https://www.indeed.com/career-advice/pay-salary/how-much-do-nail-techs-make
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9 – https://www.npr.org/2019/05/19/724452398/how-vietnamese-americans-took-over-the-nails-business-a-documentary
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22 – https://www.modernsalon.com
