Beauty Salons - Market Size, Financial Statistics, Industry Trends
Industry Overview
This U.S. industry comprises establishments (except those known as barber shops or mens hair stylist shops) primarily engaged in one or more of the following: (1) cutting, trimming, shampooing, coloring, waving, or styling hair; (2) providing facials; and (3) applying makeup (except permanent makeup). Illustrative Examples: Beauty parlors or shops Facial salons or shops Combined beauty and barber shops Hairdressing salons or shops Cosmetology salons or shops Unisex or womens hair stylist shops Cross-References. Establishments primarily engaged in--Source: U.S. Census Bureau
Beauty Salons Market Size
This report includes historical and forecasted market sizes and industry trends for Beauty Salons. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Beauty Salons industry.| Historical | Forecasted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |
| Market Size (Total Revenue) | Included in Report |
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| % Growth Rate | |||||||||||
| Number of Companies | |||||||||||
| Total Employees | |||||||||||
| Average Revenue per Company | |||||||||||
| Average Employees per Company | |||||||||||
Industry Revenue ($ Billions)
Industry Forecast ($ Billions)
Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Beauty Salons industry.
Geographic Breakdown by U.S. State
Beauty Salons market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Beauty Salons companies in the United States.Industry Revenue by State [Sample]
Distribution by Company Size
| Company Size | All Industries | Beauty Salons |
|---|---|---|
| Small Business (< 5 Employees) | Included |
|
| Small Business (5 - 20) | ||
| Midsized Business (20 - 100) | ||
| Large Business (100 - 500) | ||
| Enterprise (> 500) | ||
Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" Beauty Salons company (both public and private companies are included).
| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | Included |
|
| Operating Revenue | ||
| Cost of Goods Sold (COGS) | ||
| Gross Profit | ||
| Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| Earnings Before Interest and Taxes (EBIT) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.| Financial Ratio | Industry Average |
|---|---|
| Profitability Ratios | Included |
| Profit Margin | |
| ROE | |
| ROA | |
| Liquidity Ratios | |
| Current Ratio | |
| Quick Ratio | |
| Activity Ratios | |
| Average Collection Period | |
| Asset Turnover Ratio | |
| Receivables Turnover Ratio | |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Beauty Salons industry accounting for the largest revenue sources.| Product Description | Description | Revenue ($ Millions) |
|---|---|---|
| Industry total | Included |
|
| Hair care services | ||
| Hair care services - hair cut services | ||
| Hair care services - hair coloring & tinting | ||
| Hair care services - hair styling services | ||
| Resale of merchandise | ||
| Skin care services | ||
| Nail care services | ||
| Hair care services - permanent hair texture modification | ||
| Resale of cosmetic products | ||
Compensation and Salary Surveys
Salary information for employees working in the Beauty Salons industry.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 1% |
Included |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Healthcare Support Occupations | 8% | |||
| Other Healthcare Support Occupations | 8% | |||
| Massage Therapists | 7% | |||
| Massage Therapists | 7% | |||
| Personal Care and Service Occupations | 73% | |||
| Personal Appearance Workers | 68% | |||
| Barbers, Hairdressers, Hairstylists and Cosmetologists | 47% | |||
| Hairdressers, Hairstylists, and Cosmetologists | 45% | |||
| Miscellaneous Personal Appearance Workers | 20% | |||
| Manicurists and Pedicurists | 14% | |||
| Office and Administrative Support Occupations | 12% | |||
| Information and Record Clerks | 10% | |||
| Receptionists and Information Clerks | 9% | |||
| Receptionists and Information Clerks | 9% | |||
Government Contracts
The federal government spent an annual total of $24,583 on the Beauty Salons industry. It has awarded 4 contracts to 2 companies, with an average value of $12,291 per company.Top Companies in Beauty Salons and Adjacent Industries
| Company | Address | Revenue ($ Millions) |
|---|---|---|
Included |
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