Beauty Industry
The beauty salon industry is mainly composed of small, independently owned salons.
An average salon offers services such as haircutting, styling, coloring, shampooing and permanents. Other salons have expanded their businesses to offer services such as nail care, facials, makeup application, waxing, massage, tanning and other beauty treatments. In a 2010 beauty salon industry analysis, IBISWorld estimates that there are 739,042 beauty salons, barbershops and spas in the U.S.
Market Outlook
According to salon and spa owner surveys conducted by the Professional Beauty Association in the first quarter of 2010, services sales, retail sales, employee hiring, and capital expenditures rose a half of a percent. In this beauty salon industry analysis, business owners remain optimistic about future industry growth.
The International Spa Association gauged current trends of customer showing 46 percent of salon, spa business owners saw an increase in the number of shorter treatments such as mini-facials or manicure touch-ups. However, these clients are still frequenting salons and spas opting for less expensive services to fit budgets.
Market Trends
A growing trend in the beauty industry is the increased use of medical spa salons, which also offer salon and spa services. According to The International Medical Spa Association in 2004, there were 2,500 medical spas in the U.S.. It is believed that medical spa services performed by a licensed physician, physician's assistant or registered nurse will increase through 2010 as baby boomers age and demand for such procedures increases in younger women. In a study done by IAPAM, 78 percent of the women rated medical credentials as very important when choosing a medical spa.