Marketdata LLC, a leading independent market research publisher of "off-the-shelf" studies about service industries since 1979, has released a new 65-page report entitled: U.S. Nail Salons: An Industry Analysis.
The U.S. nail salons industry, populated by nearly 28,000 small businesses, had been growing strongly through 2019, reaching a value of $8 billion (actually $17.3 billion when counting sole proprietor nail technicians not working in a retail facility). This growth came to a halt with the pandemic of 2020, which closed many salons for months. However, the industry is recovering as more Americans are vaccinated and shops re-open.
This new report is a comprehensive business analysis covering the nature and operations of the nail salons business, services provided, key operating ratios/metrics, dollar size and growth of the industry from 2007 to 2025 Forecast, economic structure of the business (ratios: national, by state, by major city), analysis of franchising (profiles of top 10 franchisors), and more.
The effects of the pandemic are discussed, as well as the outlook for recovery in 2021, and a long-term forecast to 2025. The report also analyses the average yearly revenues per nail salon (for franchises and non-franchises), profitability (industry income statement), and how Asian immigrants built the industry in the 1970s, and the discrimination they faced. Report includes a directory of industry reports, trade associations and magazines.
According to Research Director, John LaRosa: "The COVID-19 pandemic shuttered many of the nation’s nail salons last year and revenues plunged. Strong growth from 2014-2019 was halted. However, as customers began to get vaccinated, salons have re-opened and demand is still strong from American women, who think of nail care as an affordable luxury."
Key Topics Covered:
Nature of the Industry
Definition and number of nail salons and nail technicians, mobile salons, full-service salons, states with highest no. of nail salon workers
Major industry trends and issues: an industry built by immigrants, discrimination against Asian owners/workers, snapshot of the New York market
Key Industry Statistics: amount spent on nail care, customer demographics, nail tech training, work hours, avg. salaries, pricing, etc.
Effects of the pandemic on the industry: closures, cost of protective equipment, how operations changed, house calls, reduced capacity, income declines, top owner concerns.
Market Size, Growth, Forecasts
Estimates of industry size/no. of nail salons by U.S. Census Bureau vs. Nails Magazine, other sources, why some estimates don't make sense
Discussion & analysis of historical growth trends, during last recession, recovery since then, current situation, rationale
Discussion of major factors affecting industry growth
2020 Performance: Effects of The Pandemic: Analysis & discussion, BLS payroll data
2021 Industry Outlook: Prospects for a recovery: Analysis & discussion, recent BLS payroll data
2025 Industry Forecast: Long-term outlook: Analysis & discussion, demand factors
Industry Economic Structure & Operating Metrics
Summary of key industry metrics, NAICS code for the industry, discussion of employer vs. non-employer establishments, number and avg. salary of nail technicians
Number of nail salon establishments, by employment size: 2017 & 2012
Industry snapshot: 2007, 2012, 2017: no. of firms, estabs., receipts, employees
Labor costs & productivity, sales/payroll ratio
Avg. receipts per nail salon: 2017, 2019
Avg. receipts, avg. payroll, avg. no employees: 2007, 2012, 201
Industry ratios (no. of firms, establishments, receipts, payroll as % receipts for 2017 & 2012) by:
Legal form of organization -corporations, sole proprietorships, partnerships: no. of employees).
Single vs. multi-unit firms, by size
Concentration Ratios: ratios for top 4, 8, 20, 50 largest firms
Receipts size of establishments (under $100,000 to $5 mill.)
No. of nail salons, receipts & avg. receipts per establishment, alpha by state: 2019
Top 7 states, by no. of nail salons
Top 6 states, by receipts
No. of nail salons, receipts & avg. receipts per establishment, by state, ranked by number - 2019 (County Business Patterns, Marketdata estimates)
No. of nail salons, receipts & avg. receipts per establishment, by major city: 2017.
Nail Technicians Data
Nail Salon Franchising
(Headquarters address, no. of franchises, purchase costs, financial data when available)
Summary - discussion of franchising benefits, sample earnings of Frenchie's franchisees in 2018
Hammer & Nails Grooming
Namaste Nail Sanctuary
PROSE Nail Salons
For more information about this report visit https://www.researchandmarkets.com/reports/5440368/u-s-nail-salons-an-industry-analysis?utm_source=BW&utm_medium=PressRelease&utm_code=x6mx22&utm_campaign=1593045+-+U.S.+Nail+Salons+Market+Recovering+Following+Pandemic+Slump&utm_exec=elco286prd
Source: Marketdata LLC
View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005395/en/
Laura Wood, Senior Press Manager
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