Hair & Nail Salons in Canada - Industry Market Research Report

Hair & Nail Salons in Canada - Industry Market Research Report

  • September 2021 •
  • 44 pages •
  • Report ID: 4564496 •
  • Format: PDF
New color: Rising disposable income will likely drive consumers to purchase high-cost industry services

Abstract

Hair & Nail Salons in Canada
The Hair and Nail Salons industry in Canada has exhibited steady growth over the five years to 2019. The industry, which relies on discretionary purchases of services, such as haircuts, hair tinting, hairstyling, manicures and pedicures, has benefited from rising per capita disposable income and consumer spending over the past five years. Companies have continued to enter the industry, primarily attracted by rising profit and low barriers to entry. As a result, the number of industry enterprises is anticipated to increase. Rising per capita disposable income will likely provide consumers with more discretionary income for high-cost industry services. Moreover, equipped with larger budgets, consumers will likely favour professional salon products and services.

Operators in the Hair and Nail Salons industry in Canada primarily offer hair and nail care services. These companies may also provide facials and makeup applications. This industry does not include operators that primarily offer training in barbering or hairstyling, nor does it include electrolysis, permanent makeup or tanning services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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