Industry performance has been moderate in the five years through 2012-13, as revenue is estimated to have grown an annualised 1.5%. Many of the industry's services, including nail care, hair colouring and tanning, are discretionary and demand for them fluctuates whenever there is economic uncertainty or if employment levels begin to falter. Consequently, when consumer sentiment was low during and following the global financial crisis, industry revenue declined. This contributed to the low growth in the five years through 2012-13. Performance is expected to be slightly better in 2012-13, with revenue growing at 2.0% to total $3.99 billion.
Practitioners of the Hair and Beauty Salons industry may engage in providing hair styling and removal, manicures and pedicures, skin treatments and tanning, cosmetic and beautifying services, and non-medical hair restoration techniques.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.