Global Salon Services Market Outlook

Market Research Future (MRFR) recently released a comprehensive research report detailing the trends and projections for the "Global Salon Services Market" spanning the years 2018 to 2032. Projections indicate 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 recognized by MRFR in the global salon services 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.

The report underscores that the global salon services market is anticipated to experience substantial growth, projecting a CAGR of 8.20%, with an estimated value reaching USD 437.4 billion by the year 2032. The increasing focus of nations on developing a hydrogen-based economy is contributing to a surge in green hydrogen projects. This, in turn, is expected to create opportunities for the long-term utilization of carbon-free hydrogen in salon services production. Investments in hydrogen infrastructure are further expected to facilitate this trend. Additionally, the global shift toward zero-carbon through decarbonization is foreseen to drive the demand for salon services, thereby fostering the growth of the overall global salon services market.

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Segment Analysis

The global salon services market has been segmented based on service type and end user.

On the basis of service type, the global salon services market is segmented into Hair Care, Nail Care and Skin Care. Due to rising demand for natural and organic personal care products, the hair care segment was predicted to hold the biggest market share in 2022.

Based on end user, the global salon services market has been segmented into Women and Men. The women segment was expected to hold the largest market share in 2022, because of the growing prevalence of feminine products and services offered throughout the globe.

Regional Analysis

The global salon services market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe salon services market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The salon services market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World salon services market comprises of Middle East, Africa, and Latin America.

The largest market share for salon services was maintained by the North American regional sector. The region has extensive network of salons, high consumer demand, innovative trends, and quality services. The North America has fostered a thriving salon industry that continually adapts to evolving beauty standards. Additionally, the region boasts a robust training infrastructure, ensuring that salon professionals are well-equipped with latest techniques and trends. Furthermore, the diverse demographic makeup of North America’s population fuels a broad range of beauty preferences and requirements, contributing to the sector’s diversity and growth.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for salon services is driven by the diverse and affluent population, providing a consistent and robust demand for salon services. moreover, the stringent regulatory standards in Europe for hygiene, safety and quality control inspire confidence among clients, making salon services a trusted and sought-after choice.

Additionally, the Asia Pacific region is expected to experience the fastest growth due to the combination of economic factors, cultural influences, changing consumer preferences, technological advancements and growing importance of personal grooming and appearance in the region’s society. Further, the governments have implemented policies to support the beauty and wellness industry, encouraging the growth. Moreover, several cultures in this region have significant importance on weddings and special occasions, thus driving the considerable demand for salon services.

Furthermore, the rest of the world’s salon services market is divided into the Middle East, Africa, and Latin America. This growth is due to the rising emphasis on personal grooming across various countries in this region and the presence of luxury and high-end salon chains in major countries of this region. Government support, a rise in investor interest, and the viability of the technology in the sector are all driving factors to the market expansion.

Browse In-depth Market Research Report ( 128 Pages) On Salon Services Market Report :

Key Findings of the Study

  • The global salon services market is expected to reach USD 437.4 billion by 2032, at 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 popularity of online appointment booking platform.
  • Based on service type, the hair care segment was attributed to holding the largest market in 2022, with an approximate market share of 65%.
  • 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, Snip-its

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