North American Salon Equipment Market
The salon industry is a thriving market in North America, with a wide range of products and services that cater to the growing demands of consumers. As a crucial part of the salon industry, the salon equipment market is also growing at a steady rate, thanks to the increasing number of salons and spas in the region.
According to industry reports, the North American salon equipment market was valued at approximately USD 3.3 billion in 2020, and it is expected to grow at a compound annual growth rate of 5.5% from 2021 to 2028. This growth can be attributed to several factors, including the rising demand for advanced and high-quality salon equipment, the increasing number of salons and spas, and the growing trend of personal grooming and wellness.
The market can be segmented into various categories based on the type of equipment, including hair styling equipment, hair coloring equipment, facial and skincare equipment, nail care equipment, and others. Among these, hair styling equipment is the largest segment, accounting for the highest market share due to the high demand for hair styling services.
Geographically, the United States dominates the North American salon equipment market, followed by Canada and Mexico. The US is the largest market due to the high penetration of salons and spas in the country and the rising demand for advanced salon equipment.
The salon equipment market in North America is highly competitive, with several established players and new entrants vying for a larger market share. Some of the prominent players in the market include Belvedere USA, Garfield Commercial Enterprises (PARAGON), Collins Manufacturing Company, Kaemark Salon Furnishings, Takara Belmont Corporation, Pibbs Industries, and others. These reputable companies offer a wide range of products and services, have a larger customer base, and invest more heavily in research and development to innovate and stay ahead of the competition.
The increasing demand for eco-friendly and sustainable salon equipment is also driving the market growth. Many salons and spas are shifting towards sustainable equipment and products to reduce their carbon footprint and cater to environmentally conscious consumers.
In conclusion, the North American salon equipment market is a growing market with immense potential for future growth. The increasing demand for advanced and high-quality equipment, coupled with the rising trend of personal grooming and wellness, is expected to drive the market growth in the coming years. With new players entering the market and established players investing in new technologies and sustainable equipment, the competition is set to intensify, which will ultimately benefit the consumers with more options and advanced equipment.
