In recent years, the nail salon business has experienced significant growth. IBISWorld estimates that during the last five years, the industry has increased by an average of 3.4% yearly, with projected total revenues of $8.5 billion in 2021. The expansion is the result of both an increase in the demand for nail treatments and the number of nail salons that can meet it.
The nail industry is expanding in terms of sales and the quantity of salons, as well as in terms of innovation and fashion. The “dual-toned” nail art trend, in which two contrasting colors are utilized to create a distinctive and eye-catching design, is one of the most recent nail fads. The usage of “dip powder” nails, which are more durable and require less upkeep than conventional acrylic nails, is another well-liked fad.
The typical American spends $500 a year on nail services, according to a 2019 poll by the American Express Spending and Saving Tracker. Nevertheless, this number varies widely depending on the place and the individual. While some people might only visit the manicure salon on special occasions, others might do it every week.
Numerous people now have career prospects because to the expanding nail salon business. In 2020, there were over 126,000 nail technicians working in the US, according to the Bureau of Labor Statistics. Over the next ten years, this number is predicted to increase by 10%, which is faster than the average for all jobs.
In conclusion, there is no doubt that the nail salon sector is expanding steadily. In the upcoming years, it is probable that the sector will continue to expand due to new trends appearing and rising demand for nail treatments. The nail salon sector will continue to grow as a well-liked getaway for relaxing and personal grooming as more people make investments in their personal appearance and self-care.