PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363849
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1363849
Global Nail Salon Market is valued at approximately USD 10.97 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.00% over the forecast period 2023-2030. The nail salon market refers to the industry segment dedicated to providing nail care services, including manicures, pedicures, nail enhancements, and nail art. Nail salons are establishments where individuals can go to receive professional nail care and grooming services. The major driving factors for the Global Nail Salon Market are increasing disposable income, fashion and beauty trends and the growing beauty and wellness industry. Moreover, rising bridal and special occasion services and Urbanization and Changing Lifestyles are creating lucrative growth opportunities for the market over the forecast period 2023-2030.
The rising number of weddings and especial occasions is driving the growth of the market. For instance, according to an estimate by the Confederation of All India Traders, over 3.2 million weddings were held in between November 14 and December 14. Along with this, the personal care industry is also growing which is driving the growth for the market over the forecast period 2023-2030. For instance, according to Statista, in 2020, the personal care industry was valued at USD 224.30 billion which is forecasted to be USD 289.90 billion in 2026. However, intense level of competition in the Nail Salon Market might stifle the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Nail Salon Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is dominating market for nail salons, in 2022, with countries like the United States and Canada witnessing a high demand for nail services. The market is driven by factors such as high disposable income, fashion consciousness, and the popularity of nail art. Nail salons in this region often offer a wide range of services, including manicures, pedicures, gel nails, acrylic nails, and various nail enhancements. The Asia Pacific region, including countries like China, Japan, South Korea, and India, in fastest CAGR in the nail salon market. Rising disposable incomes, urbanization, and changing consumer preferences towards grooming and beauty have contributed to the market expansion. Nail salons in this region often offer a mix of traditional and modern nail services, catering to local preferences and trends.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable