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 have also been weak as consumers cut back the frequency of their visits and put off more expensive treatments... purchase to read more
Industry Report - Industry Products Chapter
The industry can be divided into two main segments: hairdressing services and beauty services. Hairdressing salons often offer beauty treatments in addition to hair-styling services, but beauty salons are more likely to specialise solely in beauty services.
Cutting and styling hair
Hair cutting and styling services account for over half of total industry revenue. This segment includes cuts for women, men and children, and blow-dry and styling services. It also includes styling services such as hair straightening treatments, including ionic and chemical straightening. Revenue from cutting and styling hair has increased as a percentage of industry revenue during the past five years as other segment demand declined... purchase to read more