Industry Analysis & Industry Trends
The Hairdressing and Beauty Treatment industry has recorded weak to moderate growth over the past five years. Hair salons, which generate 77% of industry revenue, have remained relatively resilient through the downturn due to the essential nature of the industry's core services. People typically have frequent haircuts regardless of economic conditions. Demand for higher value services, however, has been much weaker as consumers hit by rising unemployment and falling disposable income growth cut back on more discretionary services such as beauty treatments, colouring and hair extensions. Demand for beauty salons has also been weak as consumers cut back the frequency of their visits and delayed more expensive treatments... purchase to read more
Industry Report - Industry Locations Chapter
London, the South East and the North West
Industry establishments are concentrated in London, the South East and the North West. Together, the three regions are home to a almost 40% of industry establishments. Hairdressing and beauty services are essential services for most consumers so industry establishments tend to be located in heavily populated areas. London, the North West and the South East are home to some major population centres, including London, Manchester, Liverpool and Southampton.
These regions are also estimated to be responsible for a higher level of revenue due to higher average incomes. Consumers with higher average incomes are more likely to spend more on hair and beauty services, including higher value services... purchase to read more