Salon Chairs to Ride on 5.7% Revenue CAGR Through 2018 to 2028
Posted by faisal on October 10th, 2019
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.
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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 recent Fact.MR study foretells the salon chair market to 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.
Increasing number of online shoppers are positively influencing the growth of salon chair market
The pervasiveness of e-commerce has led many salon chair manufacturers to offer their products through these portals. Thus, online sales are expected to be the fastest growing sales channel in the forecast period contributing to the increase in sales of salon chair market. The shift in focus from inexpensive to quality products is an important transition that will boost the demand for salon chair in the forecast period. The cost has now become a secondary option while purchasing a salon chair. People are focusing more on the quality and brand of the salon chair.
The APEJ region is estimated to account for the highest market share in the global salon chair market in 2017 and this share is expected to grow at a massive rate, causing the APEJ market to grab even higher market share in Salon Chairs Market by the end of 2028. This highly populous continent is spearheaded by the rapid economic growth in China, India and South Korea and customers in these countries will continue to demand maximum salon chair.
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.
Fact.MR has provided some insightful information related to the salon chair market through various frameworks and illustrations. Some of the USPs of report on Salon chair market include supply chain, cost structure, pricing analysis, top countries in retail and their retail sales growth, Porter’s five forces analysis, pest analysis, forecast scenario, investment feasibility matrix, competitor footprint matrix, market competition structure, salon penetration per 1000 people, opportunity analysis, product lifecycle, and wheel of fortune.
About the Authorfaisal
Joined: October 9th, 2019
Articles Posted: 1,546
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