The salon services market is expected to grow at a compound annual growth rate (CAGR) of 7.46%, with a current valuation of US$ 233.8 billion by 2023. The beauty industry’s technical advancements and rising consumer demand for beauty care products are expected to drive the market to US$ 480 billion by 2033.
In this country, on-call retail laundry or dry clean amenities are fast becoming popular because they use an effective full strategy from booking through app to gathering, cleaning/washing in accordance with the commands given by purchasers and providing washed clothes at set periods. Customers are able to know about the condition of their clothes, by logging into their app and getting full standard delivery details.
Though the COVID-19 pandemic seems to be diminishing in terms of its influence, it still has an increasingly growing effect on economic issues. The ripple effects that the epidemic has had and will continue to have on a national and global scale are amazing from laundry companies temporarily going offline to total closure. “A survey conducted by Planet Laundry indicates that the coronavirus has diminished laundry shareholders’ average earnings between 2019 and 2020 by as much as percent”
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This combined with advancing technologies is propelling the market forward over this period of time – setting it up to reach greater heights than ever before
Key Takeaways from the Market Study
- As of 2023, the salon services market was valued at US$ 233.8Billion
- From 2023 to 2033, the industry is poised to grow at a 7.46% CAGR
- By 2033, salon service market is slated to reach a valuation of US$ 480 Billion
- By service type, the hair care segment accounted for the largest share of 7.3% and is expected to continue this trend over the forecast period.
- China is poised to yield a CAGR of 7.3% with respect to salon services in 2033
Competitive Landscape
- Great Clips Inc.
- Regis Corporation
- Dessange International
- Ulta Beauty Inc.
- The Lounge Hair Salon
- Seva Beauty
- Dry Bar LLC
- Skin Rich
- The Leading Salons of the World LLC
- Snip-its
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Furthermore, many salon centers are adopting newer techniques and using more organic and chemical free products to gain a competitive share of the salon services market. These are the key strategies followed by salons to increase their market share in terms of revenue. for instance,
- In June 2022 – Regis Corporation, announces that it has partnered with Zenoti. Zenoti will become the sole salon technology platform for all of Regis’ brands. With this relationship, Zenoti will help Regis deliver a modern, digital experience to drive engagement with its three million salon customers every month.
- Chapel Beauty & Aesthetics, provide clients with a variety of treatments to help them feel beautiful and rejuvenated. Also, provide specialised beauty treatments that will leave feeling confident again. From dermal fillers to micro-needling, staff have the skills and expertise to provide with a phenomenal service from beginning to end.
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Key Segments Covered in the Salon Services Market Industry Survey
Salon Services Market by Service Type:
- Hair Care Salon Services
- Nail Care Salon Services
- Skin Care Salon Services
Salon Services Market by End User:
- Salon Services for Men
- Salon Services for Women
Salon Services Market by Region:
- North America Salon Services Market
- Latin America Salon Services Market
- Europe Salon Services Market
- South Asia & Pacific Salon Services Market
- East Asia Salon Services Market
- Middle East & Africa Salon Services Market
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