US nail salon market recovers from pandemic crisis – ResearchAndMarkets.com Frederick Valdez September 23, 2021 Financial Slump [ad_1] DUBLIN – (COMMERCIAL THREAD) – The report “US Nail Salons: An Industry Analysis” from Marketdata LLC has been added to ResearchAndMarkets.com offer. Marketdata LLC, one of the leading independent publishers of market research of “off-the-shelf†service industry studies since 1979, has released a new 65-page report titled: US Nail Salons: An Industry Analysis. The US nail salon industry, populated by nearly 28,000 small businesses, had experienced strong growth through 2019, reaching a value of $ 8 billion (actually $ 17.3 billion if you count non-retail sole proprietor nail technicians). That growth came to a halt with the 2020 pandemic, which closed many salons for months. However, the industry is recovering as more Americans are vaccinated and stores reopen. This new report is a comprehensive business analysis covering the nature and operations of the Nail Salon business, services provided, key operating ratios / metrics, dollar size, and industry growth from 2007 to 2025 Forecasts, economic structure of the company (ratios: national, by state, by major city), franchise analysis (profiles of the top 10 franchisors), etc. The effects of the pandemic are discussed, along with the outlook for recovery in 2021 and a long-term forecast through 2025. The report also analyzes the average annual revenue per nail salon (for franchisees and non-franchisees), profitability (income statement industry), and how Asian immigrants built the industry in the 1970s, and the discrimination they faced. The report includes a directory of reports from industry, trade associations and magazines. According to Research Director John LaRosa: “The COVID-19 pandemic closed many nail salons across the country last year and revenues have plummeted. The strong growth of 2014-2019 has been halted. However, as customers began to get vaccinated, salons reopened and demand is still high from American women, who view nail care as an affordable luxury. ” Main topics covered: Nature of industry Definition and number of nail salons and nail technicians, mobile salons, full service salons, states with the highest number. of nail salon employees Major Industry Trends and Issues: An Industry Built by Immigrants, Discrimination Against Asian Owners / Workers, New York Market Snapshot Key Industry Stats: Amount Spent on Nail Care, Customer Demographics, Nail Technology Training, Hours of Work, Avg. wages, prices, etc. Effects of the pandemic on the industry: closures, cost of protective equipment, modification of operations, home visits, reduced capacity, reduced income, main concerns for owners. Market size, growth, forecast Industry size / number estimates. nail salons by US Census Bureau vs. Nails Magazine, other sources, why some estimates don’t make sense Discussion and analysis of historical growth trends, during the last recession, recovery since then, current situation, rationale Discussion of the main factors affecting the growth of the industry Performance 2020: Effects of the Pandemic: Analysis and Discussion, BLS Payroll Data Industry Outlook 2021: Recovery Outlook: Analysis and Discussion, Recent BLS Payroll Data Industry Forecast 2025: Long-Term Outlook: Analysis and Discussion, Demand Drivers Economic structure of the industry and operating parameters Summary of major industry metrics, NAICS code for industry, discussion of establishments with employers and non-employers, number and avg. nail technicians salary Number of nail salon establishments, by job size: 2017 and 2012 Industry Snapshot: 2007, 2012, 2017: No. companies, establishments, revenue, employees Labor costs and productivity, sales / salary ratio Avg. recipes by nail salon: 2017, 2019 Avg. recipes, approx. payroll, avg. no employees: 2007, 2012, 201 Industry ratios (number of companies, establishments, revenue, payroll as a% of revenue for 2017 and 2012) by: Legal form of organization – companies, sole proprietorships, partnerships: no. employees). Single-unit or multiple-unit businesses, depending on size Concentration ratios: ratios for the 4, 8, 20, 50 largest companies Size of facility revenues (less than $ 100,000 to $ 5 million) Number of nail salons, receipts and avg. revenue by establishment, alpha by state: 2019 Geographic analysis Top 7 states, by no. nail salons Top 6 states, by revenue Number of nail salons, receipts and avg. revenue by establishment, by state, ranked by number – 2019 (County Business Patterns, Marketdata estimates) Number of nail salons, receipts and avg. revenue by establishment, by major city: 2017. Data on nail technicians Nail salon franchise (Headquarters address, number of franchises, purchase costs, financial data when available) Summary – discussion of the benefits of franchising, example of Frenchie’s franchisee income in 2018 Companies mentioned Bellacures Camille Albane Davi Nails Frenchie Hammer & Nails Grooming Miniluxury Nail garden Namaste Nail Sanctuary PROSE nail salons Royal nails For more information on this report, visit https://www.researchandmarkets.com/reports/5440368/us-nail-salons-an-industry-analysis?utm_source=BW&utm_medium=PressRelease&utm_code=x6mx22&utm_campaign=1593045+-+US+ Nail + Salons + Market + Salvage + Suite + Pandemic + Slump & utm_exec = elco286prd Source: Marketdata LLC [ad_2] Related posts: Should Minnesota explore a trade with Malik Beasley? 10 Female Wrestlers Who Were In WWE At The Wrong Time Analysis: U.S. trucking slowdown portends possible economic sluggishness
