PUBLISHER: Allied Market Research | PRODUCT CODE: 1266416
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266416
The salon chairs market was valued at $12,894.3 million in 2021, and is projected to reach $22,481.8 million by 2031, registering a CAGR of 5.6% from 2022 to 2031.
A unique chair is designed for salon shops and it often has a footrest, a backrest that can be lowered to a reclining position, and a hydraulic mechanism to modify the chair's height. Growth in the salon chairs market is anticipated to be supported by factors such as an increase in the number of salons, improvements in salon chair technology, modernization of salon facilities, and an increase in the number of salon franchises. Customers get more interested in non-essentials or products with over-the-top perks as their disposable income increases. The demand for these commodities is anticipated to increase with rise in the population's purchasing power. This is a crucial element that significantly affects the market for hair salon equipment including chair. Leading marketers compete on the basis of product quality, technological advancements, and enhancements to the benefits that the product produces. The market for hair salon chairs is steadily improving; nevertheless, the absence of demand from the lower-class sector and the high cost of high-quality chair continue to restrain the market expansion. One significant development in the personal care and grooming sector was the introduction of salon equipment including salon chair. The changes in consumer behavior leads to modification of equipment, enhancement of product utility, and expansion of the market. These include hair dryers, hair sprays, trolleys, chairs, and others. The equipment used in the hair salon and the therapy need constant moderation and modifications because the personal care products are tailored. Thus, market players in salon chair adopt product launch as their business strategy to compete in the market. Along with that, diversification of distribution channel for hair salon chair is also necessary. Thus, various distribution channels are used to reach end users. Distribution channels such as supermarket/hypermarket, departmental stores and e-commerce platforms. The recent rise in popularity of online selling platforms provides another venue for the distribution of goods.
According to the salon chairs market analysis, the market is segmented on the basis of mechanism, salon shops, distribution channel and region. By mechanism, the salon chairs market is bifurcated into electric and hydraulic. By salon shop, the market is segmented into hybrid salons, hair salon, facial & skin care salon and others. By distribution channel, the market is categorized into direct sales and indirect sales. The indirect sales segment is further divided into specialty retail stores, e-commerce and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The outbreak of COVID-19 has negatively affected the manufacturing activities and disrupted the distribution network of the salon chairs market globally. People were forced to stay in their homes to limit the spread of the disease. Government's stringent rules regarding social distancing and complete lockdowns resulted in huge losses for vendors operating in the market. Furthermore, beauty and personal care services witnessed declining growth in pandemic period as people choose to cut their hair at home. All the major key players and other sales channels were closed during the lockdown period. However, a V-shaped recovery is expected in the post-COVID-19 period. Rise in disposable income, increase in expenditure on personal care and grooming and surge in consciousness regarding physical appearance are likely to generate demand for personal and beauty care service facility centers in the LAMEA region. Thus, increase in number of salon shops is likely to boost the LAMEA salon chairs market growth during the forecast period
Major competitors in the global salon chairs market employ acquisitions and product launches as their primary development strategies to keep up with expanding consumer demand. Acquisitions assist businesses in sharing the technology requirements for both their current and future products. The market leaders would ultimately gain from this since it would provide them the opportunity to diversify their product offerings for comparably reduced costs, increasing their market share. The prominent market players are HBA Salon Equipment Pty Ltd., Salon Ambience, DIR Group, Foshan Yoocell Furniture Co. Ltd., Collions Manufacturing Co., SSIZ International Pvt. Ltd., Maletti S.p.A., GAMMA & BROSS S.p.A., Pietranera S.r.l., Takara Belmont Corporation, Keller International, LLC, LCL Beauty Inc., Buy-Rite Salon & Spa Equipment, Marc Salon & Beauty Equipments Private Limited and EarthLite, LLC.