Salon Chairs Market Assessment Covering Growth Factors and Upcoming Trends
Posted by Arslan on June 10th, 2019
A recent Fact.MR study foretells the Salon Chairs Marketto record an expansion at 5.7% CAGR over the forecast period (2018-2028). Salon chair continues to witness increased traction in franchised salon chain and non-franchised salon chain end-use sectors. However, growth in independent salon end-use sector is also expected to be impressive.
In an era filled with beauty and salon advertisement, buying an actual salon chair could be a rare sight. However, this is far from the truth as the salon chair market can never truly be completely replaced by any other technology as the comfort of seating is a basic phenomenon.
Revenue share of direct sales in the salon chair market is more than 30% in the global salon chair market by sales channel and is predicted to remain the key sales channel throughout the duration of the forecast period. Digital platforms amalgamating salon chair manufacturers and social networking sites has become a tool for consumers as well as marketers to expose and expand their salon chair products, which are likely to boost the revenue of salon chair market. The number of people engaging in social networking sites and other digital platforms has increased drastically
Salon chair continues to witness lucrative opportunities across countries like Brazil, China and the U.S. on the backdrop of an increasing number of independent salon chains worldwide. Moreover, growth in the prevalence of electric reclining salon chairs has influenced the demand for salon chair. This has encouraged manufacturers to come up with innovative products in the market. The trending convergence of all-purpose salon chairs, which have more adoption rate, is further anticipated to create remunerative growth opportunities for the salon chair market.
Increasing popularity of beauty and wellness sector and the tourism associated with them has impacted the salon chair manufacturing sectors, creating demand for electric and hydraulic salon chair. Increasing demand for modern barber chairs segment is creating an opportunity for salon chair market.
A growing demand for salon chairs market by different mechanisms, especially in the hydraulic salon chairs segment, is offered by companies to both employees and customers are expected to boost the salon chair market. Salons are anticipated to use different types of salon chairs for different purposes as shampoo, dryer, manicure and pedicure that should benefit the global salon chair market
All-purpose salon chair segment is expected to be valued at US$ 449.3 Mn by 2028 and is projected to register a CAGR of 6.1% over the forecast period. Furthermore, the segment is also the leading contributor to the overall salon chair market. This segment accounts for 34.1% market share in the overall salon chair market in terms of product type and will continue to maintain its significant market share in the forecast years.
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All electric salon chairs are expected to remain the fastest growing mechanism type even during the forecast period. All electric salon chairs is estimated to grow at a high CAGR of 6.8% among others. This is attributed to the increasing demand for comfort by the customers.
On the basis of reclining type, hydraulic reclining salon chairs segment is projected to remain dominant throughout the forecast period. Electric reclining salon chairs segment is estimated to account for the highest growth of 6.7% by 2018-end.
In terms of value, franchised salon chain segment is anticipated to register CAGR of 5.8% over the forecast period. Independent salon end-user segment is also growing rapidly owing to the rise in different manicure and pedicure segments in the market.
Online retailers are expected to remain the fastest growing sales channel even during the forecast period. Online retailers is estimated to grow at a high CAGR of 10.1% among others. This is attributed to the increasing number of people using the internet and smartphones for shopping varied products, such as groceries and fast moving consumer goods (Salon Chair).
Salon Chair Analysis, by Region
On the basis of region, Asia Pacific except Japan (APEJ) region is projected to remain dominant throughout the forecast period. All-purpose salon chair segment is estimated to account for the highest market share of 36.9% in the APEJ market by 2018-end.
Fact.MR has profiled some of the most prominent companies active in the global salon chair market such as Lcl Beauty Inc., Takara Belmont, Walcut, Pibbs Industries, Belvedere USA, Collins Manufacturing Company, Continuum Footspas LLC, Buy-Rite Beauty Inc., Salon Ambience, J&A USA Inc, Pietranera, Gammabross, Jeffco Salon Equipment, LLC, Keller International and Salon Furniture Warehouse. Some of the major strategies adopted by key players in the market include product innovation, mergers & acquisitions and expansion.
About the AuthorArslan
Joined: December 18th, 2017
Articles Posted: 13,297
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