Global Nail Salon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Nail Salon Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A nail salon is an establishment that offers nail beautification services for men and women. Nail salons offer services for hands and feet, including manicures, pedicures, nail polish application, nail repair, and hand and foot treatments.

Market Overview:

The latest research study on the global Nail Salon market finds that the global Nail Salon market reached a value of USD 49756.8 million in 2022. It’s expected that the market will achieve USD 75489.84 million by 2028, exhibiting a CAGR of 7.19% during the forecast period.

With the global spread of the epidemic, attendance at nail salons continues to be low and retail sales of nail products are likely to see significant growth. The nail industry itself suffers from brand fragmentation and low consumer awareness, and the epidemic is accelerating to catalyze change in the nail industry. Although consumer demand for nail remained strong, and when offline sales took a hit, many consumers shifted their channels to online.

Even with the reopening, nail salon business has fallen to 40-50% of what it was before the pandemic. To comply with health protocols, nail salons have had to cut staff, reduce client numbers and spend more on expensive protective gear. The cost of expensive protective equipment such as tables/masks and cleaning supplies has also added to the burden of reopening.

Political Factors

While the threats may not be the same before the nail salons as the physical manufacturers, still there are several political hurdles before them. Companies should track their political environment. Changes in political factors can affect business strategies for the following reasons: the stability of the political system can affect the attractiveness of nail salon in a given market, because political chaos can result to disruption of business both online and physical; governments view business organizations as important tools for social reform; governments pass legislation, which can affect the relationships between companies and their customers, suppliers and other companies; governments have a responsibility to protect the public interest; government actions can affect the economic environment, for example, for the growth in Asia pacific region can be made difficult by the Red tape.

Economic Factors

Economic factors are very significant in terms of nail salon business. Whether it is an online business or physical, economic factors can have a significant effect on it. It is because economic factors are directly related to business and their effect is also direct on business revenue and profits. During the period of recession, spending had decreased. People had adopted cost cutting measures as the level of economic activity and employment had gone down. During such periods when economic activity has gone down, the profits and revenue of businesses can go down. Economic fluctuations since the recession have also kept affecting businesses from time to time since the recession. Regional or global economic issues can have an impact on customer acquisition, retention and usage levels.

Social Factors

Socio cultural factors have a deep impact on the nail salon industry. Changing trends can also have an impact on businesses. Growth in per capita income is boosting the nail industry. As per capita disposable income rises steadily, people will be looking for more convenience and a higher quality of life. The trend in Engel's coefficient shows that people will spend more and more on non-food items, and nail art will become more accepted as a trendy and personalized practice.

Region Overview:

Geographically, Asia Pacific held the largest market share – 47.37% in 2022.

Company Overview:

Nailaholics is one of the major players operating in the Nail Salon market, holding a share of 3.12% in 2023.

Nailaholics

Nailaholics is a nail salon and spa. Its Hampton and Ibiza stores rendered professional yet personal service by expert nail technicians. Nailaholics grew into 67 branches nationwide and counting.

Nail Quick

Nail Quick is a convenience store for beauty and health that provides nail services quickly, beautifully, and at a reasonable price.

Segmentation Overview:

As for product types, the Manicure Treatments segment held the largest market share in 2022.

Manicure Treatments

Manicure Treatment is a range of beauty treatments designed to improve - or maintain - the appearance and condition of hands and nails.

Pedicure Treatments

Pedicure Treatment is a therapeutic beauty treatment that is designed to improve - or maintain - the appearance and condition of the feet and toenails.

Acrylic Overlays and Extensions

Acrylic Overlays and Extensions refer to the usage of acrylic in the nail extensions & overlays.

UV Gel Overlays and Extensions

Acrylic Overlays and Extensions refer to the usage of UV gel in the nail extensions & overlays.

Silk/Fiberglass Overlays and Extensions

Acrylic Overlays and Extensions refer to the usage of silk/fiberglass in the nail extensions & overlays.

Application Overview:

The market's largest segment by application is the segment Age 19-35, with a market share of 52.33% in 2022.

Key Companies in the global Nail Salon market covered in Chapter 3:

Nail Quick
Soho Beauty & Nail Boutique
Nailaholics
Origins of Beauty, Spa & Salon
Nailsaloon
Base Coat
RounGe
ZAZAZOO
Nail Salon PINKY
HM Nail Salon
J and J Nails & Spa
Endless Nail Salon
Polished
Gossip & Co. Nail Spa
Parisian
Lotus Nail Bar & Spa

In Chapter 4 and Chapter 14.2, on the basis of types, the Nail Salon market from 2018 to 2029 is primarily split into:

Manicure Treatments
Pedicure Treatments
Acrylic Overlays and Extensions
UV Gel Overlays and Extensions
Silk/Fiberglass Overlays and Extensions
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Nail Salon market from 2018 to 2029 covers:

Age below 18
Age 19-35
Age above 35

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)