US nail salon market is recovering from pandemic crisis

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DUBLIN, September 23, 2021– (BUSINESS WIRE) – Marketdata LLC’s US Nail Salons: An Industry Analysis report has been added to ResearchAndMarkets.com offer.

Marketdata LLC, one of the leading independent publishers of market research of “off the shelf” service industry studies since 1979, has released a new 65 page report titled: US Nail Salons: An Industry Analysis.

The nail salon industry in the United States, populated by nearly 28,000 small businesses, had experienced strong growth through 2019, reaching a value of $ 8 billion (actually $ 17.3 billion if l (include sole proprietorship nail technicians not working in a retail establishment). That growth came to a halt with the 2020 pandemic, which closed many salons for months. However, the industry is recovering as more Americans are vaccinated and stores reopen.

This new report is a comprehensive business analysis covering the nature and operations of the Nail Salon business, services provided, key operating ratios / metrics, dollar size, and industry growth from 2007 to 2025 Forecasts, economic structure of the company (ratios: national, by state, by major city), franchise analysis (profiles of the top 10 franchisors), etc.

The effects of the pandemic are discussed, along with the outlook for recovery in 2021 and a long-term forecast through 2025. The report also analyzes the average annual revenue per nail salon (for franchisees and non-franchisees), profitability (income statement industry), and how Asian immigrants built the industry in the 1970s, and the discrimination they faced. The report includes a directory of reports from industry, trade associations and magazines.

According to research director John LaRosa: “The COVID-19 pandemic closed many nail salons across the country last year and revenues have plummeted. The strong growth from 2014 to 2019 was halted. However, as customers began to get vaccinated, the lounges reopened. and demand is still high from American women, who see nail care as an affordable luxury. “

Main topics covered:

Nature of industry

  • Definition and number of nail salons and nail technicians, mobile salons, full service salons, states with the highest number. of nail salon employees

  • Major Industry Trends and Issues: An Industry Built by Immigrants, Discrimination Against Asian Owners / Workers, New York Market Snapshot

  • Key Industry Stats: Amount Spent on Nail Care, Customer Demographics, Nail Technology Training, Hours of Work, Avg. wages, prices, etc.

  • Effects of the pandemic on the industry: closures, cost of protective equipment, modification of operations, home visits, reduced capacity, reduced income, main concerns for owners.

Market size, growth, forecast

  • Industry size / number estimates. nail salons by US Census Bureau vs. Nails Magazine, other sources, why some estimates don’t make sense

  • Discussion and analysis of historical growth trends, during the last recession, recovery since then, current situation, rationale

  • Discussion of the main factors affecting the growth of the industry

  • Performance 2020: Effects of the Pandemic: Analysis and Discussion, BLS Payroll Data

  • Industry Outlook 2021: Recovery Outlook: Analysis and Discussion, Recent BLS Payroll Data

  • Industry Forecast 2025: Long-Term Outlook: Analysis and Discussion, Demand Drivers

Economic structure of the industry and operating parameters

  • Summary of major industry metrics, industry NAICS code, discussion of establishments with and without employers, number and avg. nail technicians salary

  • Number of nail salon establishments, by job size: 2017 and 2012

  • Industry Snapshot: 2007, 2012, 2017: No. companies, establishments, revenue, employees

  • Labor costs and productivity, sales / salary ratio

  • Avg. recipes by nail salon: 2017, 2019

  • Avg. recipes, approx. payroll, avg. no employees: 2007, 2012, 201

Industry ratios (number of companies, establishments, revenue, payroll as a% of revenue for 2017 and 2012) by:

  • Legal form of organization – companies, sole proprietorships, partnerships: no. employees).

  • Single-unit or multiple-unit businesses, depending on size

  • Concentration ratios: ratios for the 4, 8, 20, 50 largest companies

  • Size of facility revenues (less than $ 100,000 to $ 5 million)

  • Number of nail salons, receipts and avg. revenue by establishment, alpha by state: 2019

  • Geographic analysis

  • Top 7 states, by no. nail salons

  • Top 6 states, by revenue

  • Number of nail salons, receipts and avg. revenue by establishment, by state, ranked by number – 2019 (County Business Patterns, Marketdata estimates)

  • Number of nail salons, receipts and avg. revenue by establishment, by major city: 2017.

  • Data on nail technicians

Nail salon franchise

  • (Headquarters address, number of franchises, purchase costs, financial data when available)

  • Summary – discussion of the benefits of franchising, example of Frenchie’s franchisee income in 2018

Companies mentioned

  • Bellacures

  • Camille Albane

  • Davi Nails

  • Frenchie’s

  • Hammer & Nails Grooming

  • Miniluxury

  • Nail garden

  • Namaste Nail Sanctuary

  • PROSE nail salons

  • Royal nails

For more information on this report, visit https://www.researchandmarkets.com/reports/5440368/us-nail-salons-an-industry-analysis?utm_source=BW&utm_medium=PressRelease&utm_code=x6mx22&utm_campaign=1593045+-+US+ Nail + Salons + Market + Salvage + Suite + Pandemic + Slump & utm_exec = elco286prd

Source: Marketdata LLC

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210923005395/en/

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