Industry Analysis & Industry Trends
The Hairdressing and Beauty Services industry has expanded over the past five years. The rising demand for beauty treatment services has been propelled by the emergence of new markets, higher discretionary income and an increasing population. Growing image consciousness among men has boosted demand for industry services such as hair removal. The expansion of newer high-priced beauty treatments such as laser hair removal and microdermabrasion has lifted revenue in some segments. Industry revenue is expected to increase at an annualised 2.0% over the five years through 2016-17, to $4.8 billion. However, negative consumer sentiment should contribute to a revenue decline of 0.4% over the current year.
Industry segments have had varying degrees of success over the past five years... purchase to read more
Industry Report - Starting a New Business Chapter
The industry is characterised by low barriers to entry, as indicated by the high number of small businesses, many of which are non-employing. Little capital is required to establish a hairdressing or beauty services business, with small operators primarily reliant on labour. The lack of major players means that new firms are able to enter the industry with relative ease. However, the high level of internal competition can make it difficult for entrants to establish a loyal customer base.
Industry regulation is light, permitting easy entry for new operators. Relevant regulation includes general employment laws and hairdresser and beauty therapist training requirements... purchase to read more