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 Locations Chapter
Hairdressing and beauty services are essential services for most consumers so industry establishments tend to be located in heavily populated areas. Many urban areas with high population concentrations, such as Manchester, Leeds and Liverpool, have high concentrations of hair and beauty salons.
London represents the highest number of hair and beauty establishments, accounting for 16.3% of the UK total. London is a global hub of the fashion world, with many small boutique salons specialising in high-quality, expensive styling. London is home to many high-earning, young and fashion-conscious people that are more likely to regularly visit high-end hair and beauty salons... purchase to read more