Hair salon services market to reach $233.3bn by 2034

The global hair salon services market is projected to grow to US$233.3 billion by 2034, expanding at a compound annual growth rate (CAGR) of 3.9%, according to a recent Allied Market Research report published via PR Newswire. The forecast highlights steady expansion across core service types — from cutting and styling to colouring and treatments — and offers a snapshot of where demand for professional salon services may be heading over the next decade.

What the forecast covers

The Allied Market Research release outlines the expected size and growth trajectory for hair salon services worldwide through 2034. Key service-type segments referenced in the summary include hair cutting and styling, hair colouring, and hair treatments. While the report is framed at a global level, its findings are useful for salon owners, stylists and industry observers who want to understand long-term demand trends and the potential scale of the market.

Why the projection matters to UK salons

Although the headline figure is a global estimate, trends implied by a growing market have practical implications for the UK salon sector. A multibillion-dollar market outlook suggests sustained consumer spending on in-salon services, which can inform investment decisions on staff training, equipment, and experience-driven offerings.

For independent salons and regional chains, the projection also reinforces the value of diversifying service menus and emphasising higher-margin offerings such as advanced colouring techniques, bespoke treatments and personalised consultations. Salon operators may consider how to position themselves to capture both regular maintenance visits and occasional, premium services.

Key considerations for practitioners

Industry projections are directional rather than prescriptive. Salons that want to benefit from steady market growth should consider practical steps to strengthen resilience and relevance. These include:

• Investing in ongoing stylist education to maintain skill levels, especially in advanced colouring and chemical services.
• Optimising booking and client management systems to improve customer experience and retention.
• Reviewing pricing and service tiers to balance accessibility with profitability.
• Exploring partnerships with local businesses or product lines that align with salon values and clientele.

What the numbers do — and don’t — tell us

Market-size forecasts are valuable for setting long-term expectations, but they do not replace local market analysis. The global CAGR of 3.9% signals steady expansion, yet regional growth rates, regulatory environments, labour markets and consumer behaviour can vary significantly. For UK stakeholders, national consumer confidence, wage trends for stylists, and the supply of trained professionals will shape how much of the global growth is realised locally.

Additionally, forecasts typically aggregate many different service types and price points. A rise in overall market value could be driven by increased frequency of visits, higher prices, or a shift towards more expensive services — or a combination of these factors. Salons should therefore track their own metrics: average ticket value, retention rates and service mix.

Practical next steps for salon owners

To translate a global market opportunity into local success, consider these immediate actions:

• Audit your current service menu and identify underperforming services to refine your offering.
• Survey regular clients to discover demand for new treatments or premium experiences.
• Create a staff development plan linking popular advanced services to pricing changes.
• Use simple analytics (appointment frequency, conversion rates, product retail) to monitor progress.

These steps are low-cost ways to respond proactively to long‑term market signals while tailoring strategy to local needs.

Takeaway

The Allied Market Research projection that the global hair salon services market will reach US$233.3 billion by 2034 at a 3.9% CAGR frames a positive long-term outlook for professional hair services. For UK salons and stylists, the forecast highlights opportunity but also underscores the importance of local analysis, investment in skills, and thoughtful service design to capture growth.