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The United States Hair Care Services Essay

Project id 1000475
Subject area Writing
Document type Essay
Words 3130
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Industry Analysis and Trends Size and Growth The United States hair care services industry comprises about 86,000 institutions (82,000 beauty salons; 4,000 barber shops) with combined annual revenue of about $20 billion. Demand is driven by demographics and population growth and smaller businesses can compete against larger companies through technical excellence and place. Revenue growth is expected to continue on a growth pattern having a mean annual rate of 3.3 percent to $49.3 billion by 2017. This figure is based on a rise per capita of disposable earnings and declining unemployment in the conclusion of the five-year interval. Unemployment plays a element in the figure because of more people wanting to be presentable for job interviews. Nevertheless this doesn’t mean that the figures will return after the customer get a job, they will continue to seek professional hair care (SBDCNet.2014). The United States Bureau of Labor Statistics projects that the usage of barbers, hairdressers, and cosmetologists is estimated to increase 13 per cent in 2012 to 2022. These statistics are an increase from that which SBDCNet predicted. U.S. Bureau of Labor additional states that the trends for hair coloring, straightening and other innovative hair treatments has improved in the recent years and will continue over the next several years. Within a large number of the work opening are donated to the need to replace employees who either move to a different job, retired or just leave the job. Beauty Salon are categorized as being a part of this Hairdressers, hairstylists, and cosmetologists sector according to the North American Industry Classification System (NAICS), code 812112 (see Table 1.1 below,) and the Standard Industrial Classification (SIC) codes 7231,7241 (Bureau of La.. .

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