(MENAFN- GlobeNewsWire - Nasdaq) Discover Lucrative investment Opportunities for Facials & Skin Care, Full Service, Hair, Nail, Tanning, and Waxing Salons, and Analyze the Major Strategies of industry GiantsDublin, Nov. 28, 2024 (GLOBE NEWSWIRE) -- The "Salon market by Type, Age Group - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Salon Market grew from USD 277.84 billion in 2023 to USD 297.07 billion in 2024. It is expected to continue growing at a CAGR of 7.78%, reaching USD 469.48 billion by 2030.
Key growth factors include an expanding middle-class population with disposable income and a growing trend of self-grooming influenced by prevailing online beauty trends. Additionally, innovations like digital booking platforms, personalized beauty solutions, and eco-friendly products are stimulating market opportunities.
Current potential opportunities lie in the expansion of e-commerce and mobile app-based services, which offer convenience and broaden customer reach. To capitalize on these, businesses should invest in mobile technology and integrate digital marketing for enhanced consumer engagement.
However, the market faces challenges such as fluctuating raw material prices, high competition in urban regions, and the necessity of keeping up with rapid technological advancements. Regulatory frameworks around product ingredients and skepticism towards synthetic components also pose limitations.
Innovation areas include developing sustainable beauty product lines, leveraging AI for personalized customer experiences, and investing in research for non-invasive beauty treatments. Market competitors should focus on adaptation to changing consumer preferences, especially towards sustainability and wellness.
Insight into the market reveals it is dynamic with rapid trend shifts, necessitating agility and continuous consumer insight gathering. Businesses that prioritize technological integration, consumer-centric strategies, and sustainability initiatives will likely achieve competitive advantages. By focusing on these areas, they can better navigate limitations and capitalize on emerging growth opportunities, thereby ensuring a robust presence in the salon industry.
Key Company Profiles
The report delves into recent significant developments in the Salon Market, highlighting leading vendors and their innovative profiles. The leading players in the Salon market, which are profiled in this report, include:
Bradley and Diegel Salon Butterfly Studio Salon Chris Chase Salon Drybar Products, LLC EnrichBeauty Great Clips Inc. John Barrett Muse Salon and Spa Paul Labrecque Regis Corporation Robert James Salon & Spa Seva Beauty The leading Salons of the World, LLC Toni&Guy Ulta Beauty, Inc.
The report provides a detailed overview of the market, exploring several key areas:
Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market. Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development. Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape. Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players. Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future. Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
What is the current size of the market, and how is it expected to grow? Which products, segments, and regions present the most attractive investment opportunities? What are the prevailing technology trends and regulatory factors influencing the market? How do top vendors rank regarding market share and competitive positioning? What revenue sources and strategic opportunities guide vendors' market entry or exit decisions? Key Attributes
| Report Attribute | Details |
| No. of Pages | 183 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $297.07 Billion |
| Forecasted Market Value (USD) by 2030 | $469.48 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
Key Topics Covered
1. Preface
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Demand for beauty and personal care products and services for both men and women
5.1.1.2. Growing modernization and busy lifestyle
5.1.1.3. Increasing demand for natural or herbal products
5.1.1.4. Inclination toward personal appearance among the teenagers and geriatric population
5.1.2. Restraints
5.1.2.1. High initial setup cost
5.1.3. Opportunities
5.1.3.1. Availability of new spa technologies
5.1.3.2. Expansion of the spas and beauty salons
5.1.4. Challenges
5.1.4.1. Issues related to staff hiring and training
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
5.3.1. Threat of New Entrants
5.3.2. Threat of Substitutes
5.3.3. Bargaining Power of Customers
5.3.4. Bargaining Power of Suppliers
5.3.5. Industry Rivalry
5.4. PESTLE Analysis
5.4.1. Political
5.4.2. Economic
5.4.3. Social
5.4.4. Technological
5.4.5. Legal
5.4.6. Environmental
6. Salon Market, by Type
6.1. Introduction
6.2. Facials & Skin Care Salon
6.3. Full Service Salon
6.4. Hair Salon
6.5. Nail Salon
6.6. Tanning Salon
6.7. Waxing Salon
7. Salon Market, by Age Group
7.1. Introduction
7.2. Adult
7.3. Children
7.4. Geriatric
8. Americas Salon Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Salon Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Salon Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation
For more information about this report visit
About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT:
CONTACT:
Laura Wood,Senior Press Manager
...
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MENAFN28112024004107003653ID1108935937
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.