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Nail Salon Industry Analysis: Statistics, Growth Rate & Facts

Industry Trends

The nail salon industry is booming, with more and more people getting their nails done every day. But, what is driving this growth? And, what does the future hold for the nail salon industry?

 

Nail Salon Industry Statistics

  • The nail salon industry is worth $15B per year.
  • There are more than 65,000 nail salons in the United States.
  • The average revenue for a nail salon is $300,000-$600,000 per year.
  • The top 25% of nail salons make more than $400,000 per year.
  • The average price for a basic manicure is $25-$40.
  • The average price for a pedicure is $40-$50.
  • 60% of nail salon customers are women.
  • 40% of nail salon customers are men.
  • The majority of nail salon customers are between the ages of 16 and 60.

 

Growth & Facts

  • The nail salon industry has been growing steadily for the past decade.
  • The average industry growth rate year-over-year is 4%.
  • The average revenue for a nail salon has increased by 37% since 2010.
  • The nail salon industry is expected to grow at a rate of 5%-9% through 2029.

 

Trends

  • Gel nails are becoming increasingly popular, with many customers choosing gel over traditional manicures.
  • Nail art is becoming more popular, with customers using nail art as a form of self-expression.
  • Many nail salons are now offering additional services such as waxing and massages.
  • Nail salons are becoming more popular with men, as more and more men are getting manicures and pedicures.

 

Looking Ahead

  • The nail salon industry is expected to continue growing at a steady rate for the next few years.
  • Gel nails will become even more popular, with more women choosing to to pay more for gel manicures versus standard manicures.
  • Nail art will continue to grow in popularity, as customers choose this form of self-expression. Pricing for nail art will rise as customer demand continues.
  • More nail salons will offer additional services such as waxing and massages.
  • Nail salons will continue to build a male clientele, as men become comfortable with nail salons overall.

 

Conclusion

The nail salon industry is booming, with more and more people getting their nails done every day. This growth can be attributed to a number of factors, including the increasing popularity of gel nails and nail art, as well as the growing trend of men getting manicures and pedicures. The future looks bright for the nail salon industry, which is expected to continue growing at a steady rate for the coming years.