Industry Analysis & Industry Trends
The Hairdressing and Beauty Treatment industry provides treatments such as hair cutting, colouring, waxing and skincare. Industry revenue has declined marginally over the past five years. Basic hair salons have remained relatively sheltered from wider economic conditions, owing to their non-discretionary nature. However, consumers have become more willing to shop around for the best treatment deals. This has pushed down industry prices, constraining profit for industry participants. Furthermore, expensive beauty salons have struggled due to a combination of the discretionary nature of services and low consumer confidence during the first half of the five-year period through 2015-16. Overall, industry revenue is expected to decline at a compound annual rate of 0.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature life cycle phase. During the decade through 2020-21, industry value added is forecast increase at a compound annual rate of 1.3%. This compares with growth in the wider economy of 2.1% over the same 10-year period.
Although the market for hairdressing services is relatively developed and saturated, new hairstyles are constantly emerging in the hair dressing industry, driven by influential celebrities and pop-stars. This will continue to assist demand for services from the male demographic. In addition, new anti-ageing techniques and alternative beauty treatments has helped to improve industry revenue in the latter years of the five-year period through 2015-16, and will assist growth in the coming years... purchase to read more