The Hairdressing and Beauty Services industry has exhibited modest growth despite turbulent economic conditions. Over the five years through 2014-15, industry revenue is expected to grow by an annualised 0.9%. Many of the industry's services, including nail care, hair colouring and tanning, are discretionary. Therefore, demand for these services wanes during periods of economic uncertainty or when employment levels falter. Consequently, when consumer sentiment was low during 2011-12, industry revenue declined. However, growing stability in global markets is expected to have provided a boost for the industry, with revenue forecast to grow by 1.8% in 2014-15 to reach $3.9 billion.
Operators in this industry primarily provide hairdressing or beauty services, such as manicures and pedicures, facials, skin treatments, tanning, make-up application, hair removal 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.