Salon Services Market Outlook

Market Research Future (MRFR) has recently released a comprehensive research report on the Global Salon Services Market spanning the years 2018 to 2032. The forecast suggests that the salon service market is poised to exhibit a Compound Annual Growth Rate (CAGR) of 8.20% during the forecast period from 2023 to 2032. Key players in the global salon services market, as recognized by MRFR, include Great Clips, Inc, Dessange International, Ulta Beauty, Inc, Regis Corporation, The Lounge Hair Salon, The Leading Salons of the World, LLC., Seva Beauty, Drybar, Skin Rich, and Snip-its.

The global salon services market is estimated to reach USD 437.4 billion by 2032, showcasing significant growth potential. One contributing factor to this growth is the increasing number of green hydrogen projects globally, as nations focus on developing hydrogen-based economies. The potential for long-term reuse of carbon-free hydrogen in salon services production is expected to rise with investments in hydrogen infrastructure. The shift towards zero-carbon through decarbonization is anticipated to drive the use of salon services, further promoting the global salon services market's growth.

Segment Analysis

The market segmentation of the global salon services market is based on service type and end user.

  • Service Type: The market segments include Hair Care, Nail Care, and Skin Care. The hair care segment, driven by rising demand for natural and organic personal care products, was predicted to hold the largest market share in 2022.

  • End User: Segmentation based on end user includes Women and Men. The women's segment was anticipated to hold the largest market share in 2022 due to the growing prevalence of feminine products and services globally.

Regional Analysis

The global salon services market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World.

  • North America: This region maintained the largest market share for salon services, supported by an extensive network of salons, high consumer demand, innovative trends, and quality services. North America's thriving salon industry continually adapts to evolving beauty standards.

  • Europe: The European market has shown persistent growth, driven by a diverse and affluent population, consistent and robust demand for salon services, and stringent regulatory standards ensuring hygiene, safety, and quality control.

  • Asia-Pacific: Anticipated to experience the fastest growth, the Asia-Pacific region benefits from economic factors, cultural influences, changing consumer preferences, technological advancements, and the growing importance of personal grooming. Government policies supporting the beauty and wellness industry contribute to this growth.

  • Rest of the World: This region, including the Middle East, Africa, and Latin America, witnesses growth due to an emphasis on personal grooming, the presence of luxury salon chains, government support, rising investor interest, and technological viability in the sector.

Key Findings of the Study

  • The global salon services market is expected to reach USD 437.4 billion by 2032, with a CAGR of 8.20% during the forecast period.

  • The Asia Pacific region accounted for the fastest-growing global market due to the increasing trend of investing in personal grooming services and the popularity of online appointment booking platforms.

  • Based on service type, the hair care segment held the largest market share in 2022, with an approximate market share of 65%.

  • Key players in the market include Great Clips, Inc, Dessange International, Ulta Beauty, Inc, Regis Corporation, The Lounge Hair Salon, The Leading Salons of the World, LLC., Seva Beauty, Drybar, Skin Rich, and Snip-its.

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