Polished: Profit margins have grown as firms have offered increasingly specialised services

The Personal Waxing and Nail Salons industry has modestly grown over the past five years, despite challenging trading conditions. Rising demand for new products and services offered by nail salons, and growth in the female population aged 18 and older, have both supported industry revenue growth over the period. Industry revenue is expected to increase at an annualised 0.6% over the five years through 2017-18, to reach $540.9 million. Despite this growth, the industry has not been entirely immune to difficult economic conditions. Growing uncertainty about the future of the economy has prompted many households to scale back expenditure on non-essential products and services, with consumers preferring to pay down debt...read more.

Industry Statistics & Market Size
Revenue
$541m
Annual Growth 13-18
0.6%
Forecast Growth 18-23
Profit
Employment
13,241
Businesses
3,040
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The rising concern of male body image and grooming has supported industry revenue growth
  • The rising use of DIY kits and internet tutorials has challenged industry operators
  • Industry operators are expected to face intensified competition from hair salons
  • Industry Report - Starting a New Business Chapter

    The Personal Waxing and Nail Salons industry is characterised by minimal barriers to entry, and these have remained steady over the past five years. Initial capital outlay is low, with the cost of establishing a new business expected to range between $15,000 and $25,000. Entry can also occur through a franchise agreement, which can be a more profitable method of entry as marketing is often provided. Start-up costs tend to differ depending on the scale of operations. New entrants need to secure rental space, and also need to invest in manicure, pedicure and waxing tables and chairs, drying equipment, tools and sterilisation equipment. Independent operators may decide to conduct their business from home or run a mobile business, reducing capital costs...purchase to read more.

    Additional Insights for the Personal Waxing and Nail Salons Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Personal Waxing and Nail Salons Industry are

  • Proximity to key markets
  • Having a loyal customer base
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household discretionary income in the Personal Waxing and Nail Salons industry impact industry performance..

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    What's in this report

    What is the Personal Waxing and Nail Salons Industry?

    Industry operators offer nail-care services and non-surgical hair removal services through facial and body waxing. The industry does not include companies that primarily offer hairstyling or training in cosmetic arts, nor does it include electrolysis, make-up, or tanning services.

    Industry Products
  • Manicures
  • Pedicures
  • Waxing
  • Industry Activities
  • Facial waxing services
  • Body waxing services
  • Manicure services
  • Pedicure services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household discretionary income
  • Health consciousness
  • Female population aged 18 and older

  • Current Performance
  • Consumer trends
  • Profit
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand conditions
  • Industry structure
  • Profit and competition
  • Table: Personal Waxing and Nail Salons Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Personal Waxing and Nail Salons Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Accounting Services
  • Cosmetics, Perfume and Toiletries Manufacturing
  • Pharmaceuticals Wholesaling
  • Technical and Vocational Education and Training

  • Products & Services
  • Manicures
  • Pedicures
  • Waxing
  • Chart: Personal Waxing and Nail Salons Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Females aged 35 to 54
  • Females aged 15 to 34
  • Females aged 55 and over
  • Males
  • Chart: Major Market Segmentation for the Personal Waxing and Nail Salons Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Personal Waxing and Nail Salons

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Personal Waxing and Nail Salons Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Personal Waxing and Nail Salons Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Personal Waxing and Nail Salons Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Gel Nails
  • Involves using a gel product hardened by a UV light for either nail extensions or in polish.
  • Shellac Nail Polish
  • Nail enamel derived from resin and designed to provide a long-lasting manicure.
  • Threading
  • A method of hair removal using a thin thread of cotton or polyester.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Personal Waxing and Nail Salons market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Personal Waxing and Nail Salons:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Personal Waxing and Nail Salons market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Personal Waxing and Nail Salons, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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