Dublin, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The "Hair Removal Services in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)" report has been added to ResearchAndMarkets.com's offering.
The Hair Removal Services industry has seen significant growth in recent years, driven by the increasing popularity of aesthetic procedures, rising incomes and social media trends. Professional hair removal isn't a new beauty treatment, but growing interest in the procedure has brought spending on it to a new level. Social media trends combined with pent-up demand for cosmetic procedures from the pandemic led more people to seek out hair removal than ever in 2021, driving revenue growth.
While growth has subsided since a wider acceptance of hair removal and the popularity of beauty and self-care routines continue to introduce more people to the procedure. In all, revenue has been expanding at a CAGR of 5.7% to total an estimated $5 billion in 2024, including an expected decline of 1.4% in 2024 as consumer spending slows.
Trends and Insights
- Beauty trends push hair removal services to a new height.
- While slowing consumer spending will temporarily drop spending on hair removal in 2024, social media trends and the popularity of beauty and self-care routines have created a large and growing market.
- Laser hair removal has become a top beauty procedure.
- Clients desiring long-term hair removal are turning to licensed hair removal studios for safe, professional treatments.
- Few barriers prevent new hair removal professionals from entering the industry.
- Sourcing specialized equipment and a storefront requires a cost and time investment but doesn't pose a significant barrier for new companies.
- An expanding hair removal space confronts competitive pressures
- Aesthetic procedures across the beauty industry have become increasingly popular in recent years, with treatments like hair removal becoming the norm.
- Consumers' growing interest in aesthetic procedures will encourage higher spending
- Trends benefiting hair removal service providers in recent years aren't likely to subside. Aesthetic-based procedures, ranging from Botox to hair removal, will remain on the upswing, an outcome of rising incomes, social media trends and growing acceptance.
Key Topics Covered:
About this Industry
- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
Industry at a Glance
Industry Performance
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
Products & Markets
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
Competitive Landscape
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
Major Companies
Operating Conditions
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
Key Statistics
- Industry Data
- Annual Change
- Key Ratios
For more information about this report visit https://www.researchandmarkets.com/r/xu0sjm
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