As per newly released data by Future Market Insights (FMI), the United States & Canada hair salon services market is expected to be worth US$ 24,772.15 million in 2023. It is expected to grow at ~3.3% CAGR over the forecast period 2023 to 2033 and reach US$ 34,503.94 million by its end.
The United States and Canada hair salon services market is projected to boom immensely during the forecast period. This is a result of various factors such as the rise in number of professional salons and growing consumer awareness about hair health.
The rapid development of technology has created various materials and designs. All these innovative approaches extend and modify customers’ experience while simplifying salon management systems.
Digital tools offer personalized consultations, accurate colour matching as well as a virtual try-on experience that allows clients to visualize what they want in terms of hairstyles before proceeding with the service.
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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 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.
“Rising focus on personal grooming and the increasing number of professional salons are expected to help the market grow through the forecast period. Integration of technology through digital hair analysis systems, virtual hairstyling software, and smart salon management platforms enhance the customer experience, and carry massive potential for growth.” – says a lead FMI analyst
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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.
Get More Valuable Insights
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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