First Research US Industry Profile

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Hair Care Services
SIC Codes: 7231, 7241
NAICS Codes: 812111, 812112
Last Quarterly Update: 5/30/2022
Companies in this industry operate hair salons and barber shops. Major companies include Regis Salons and Sport Clips (both based in the US), as well as Klier (Germany) and Stefan Hair Fashions (Australia).
Key sources of growth for the global hair care industry include expanding middle classes in developing nations. Shifting cultural norms also drive demand.
The US hair care services industry includes about 84,000 establishments (almost 80,000 beauty salons; over 5,000 barber shops) with combined annual revenue of about $25 billion.
Competitive Landscape
Demand is driven by demographics, population growth, and personal income. The profitability of individual companies depends on effective marketing and maintaining repeat business. Large companies enjoy economies of scale in purchasing and marketing. Small companies can compete successfully by offering superior service or securing favorable locations. The barber shop segment of the industry is fragmented: the 50 largest operators generate less than 30% of US industry revenue; while the beauty salon segment is highly fragmented: the 50 largest beauty salon operators generate about 15% of revenue.
Products, Operations & Technology
Major sources of revenue are haircutting, hair coloring, nail care, skin care, and merchandise sales. Beauty salons account for about 80% of the US hair, ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

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