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2018 Market Analysis & Industry Outlook: Barber Shops


Overview: the U.S. Barber Shops Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Barber Shops: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Barber Shops industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Hair Care Services

Hair Cut And Styling Services

Resale Of Merchandise



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Barber Shops company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Barber Shops industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Barber Shops measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 1%

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Chief Executives0%
General and Operations Managers1%
Healthcare Support Occupations 7%
Other Healthcare Support Occupations 7%
Massage Therapists 6%
Massage Therapists 6%
Personal Care and Service Occupations 73%
Personal Appearance Workers 69%
Barbers, Hairdressers, Hairstylists and Cosmetologists 50%
Hairdressers, Hairstylists, and Cosmetologists 48%
Miscellaneous Personal Appearance Workers 18%
Manicurists and Pedicurists 12%
Sales and Related Occupations 6%
Office and Administrative Support Occupations 11%
Information and Record Clerks 9%
Receptionists and Information Clerks 9%
Receptionists and Information Clerks 9%
Source: Bureau of Labor Statistics


Barber Shops Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Hattori Hanzo Shears trademarks "HANZO" - hair cutting shears; tension key for opening lids - 02/02/2018
  • Hair Shop trademarks "X-10" - Beauty tool, hair extension related products, hair extensions, hair ornaments, hair extension tools, hair tools, hair accessories, hair care products - 10/20/2017




  • Top Innovators

    CompanyInnovation Score
    Good Life Services3
    Hair Shop
    Hattori Hanzo Shears

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Red Bank dentist Marc Weber acquitted of all charges - Weber's dental office manager Jennifer Barbers was indicted and acquitted on the same counts. Barbers was represented by Robert G.Stevens Esq. Ironically, Stevens founded the division of Insurance Fraud in 1981 to protect patients from opportunistic ... (01/09/2018)
    • Water pressure problems challenging for stylists, barbers - “Ideally, you want a little more (water) pressure,” beauty shop owner Twanna White said. Jackson’s recent water problems began with subfreezing temperatures on New Year's Day that led to water main breaks and a boil-water alert issued Jan. 4. (01/09/2018)
    • Hair-Raising: Minsk Barbershop Elicits Buzz, Rancor With Name Evoking Soviet-Era Secret Police - In the former Soviet Union, mention of the word "chekist" could make the hair on some people's necks stand up. Now, a pair of barbers in the Belarusian capital are hoping that same term -- for secret policemen with a reputation for brutal oppression ... (01/09/2018)
    • Do You Cut Like a Barber? - I like out of the way barbershops for a haircut because barbers consistently deliver a great cut. Recently, I discovered 81 Barbers, a barbershop tucked away behind The Children’s Museum open just six months in downtown Tucson—and it is already buzzing ... (01/08/2018)
    • Local barber cuts hair, grows relationships - It was 1969. Neil Armstrong walked on the moon, music lovers gathered at Woodstock, television viewers were hooked on “Rowan & Martin’s Laugh-In” and “Gunsmoke” and Dale Marchal began business and a legacy at Shiloh Barbers on North Main Street ... (01/08/2018)
    • The truth about licensing barbers, and others - In response to “2 years to become a barber? N.C. licensing rules are out of control” (Dec. 21 Opinion): Misty Odell with the anti-regulatory group Americans for Prosperity claims that North Carolina’s licensing agencies are “cartels” that place ... (01/06/2018)
    • TTD reinstates sacked barbers - TIRUMALA: The Tirumala Tirupati Devasthanams (TTD) has reinstated the contract barbers, who were removed from service recently on the charge of demanding money from pilgrims. In all, 51 barbers out of the total 130 who were removed, rejoined service here ... (01/03/2018)
    • Mansehra barbers warned of consequences over ‘un-Islamic’ beards - MANSEHRA: Pamphlets warning barber shop owners against styling customers’ beards in ‘un-Islamic’ designs have been distributed across Khyber Pakhtunkhwa’s Mansehra district, it emerged on Thursday. The pamphlets have been issued by a group called ... (12/28/2017)
    • Is this Britain's most INCONSIDERATE driver? Man parks across the entire pavement while he visits to the BARBERS... completely blocking the path of an OAP on a mobility scooter - An uncaring driver left a disabled man stranded on a pavement, unable to get through after he halfheartedly left his car parked between the pavement and a zig-zag zone. The silver Vauxhall Astra was left unattended near another parked car which left very ... (12/28/2017)
    • Religious group threatens Mansehra barbers with 'consequences' over 'un-Islamic' beards - Pamphlets warning barber shop owners against styling customers' beards in 'un-Islamic' designs have been distributed across Khyber Pakhtunkhwa's Mansehra district, it emerged on Thursday. The pamphlets, a copy of which is available with Dawn.com, have been ... (12/27/2017)


    Government Contracts

    In 2016, the federal government spent a total of $369,448 on Barber Shops. It has awarded 14 contracts to 7 companies, with an average value of $52,778 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount



    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Barber Shops to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Hair Care Services
    Competing IndustrySales Relative to Barber ShopsOpportunity/Threat
    Hair, Nail & Skin Care Services
    Beauty Salons

    Since sales from Barber Shops are a small fraction compared to other industries selling Hair Care Services, companies in the Barber Shops industry have the opportunity to expand their product offering to take share from these adjacent industries.
    Hair Care Services Product Sales Report



    Hair Care Services - Hair Cut Services
    Competing IndustrySales Relative to Barber ShopsOpportunity/Threat
    Hair, Nail & Skin Care Services
    Beauty Salons

    Since sales from Barber Shops are a small fraction compared to other industries selling Hair Care Services - Hair Cut Services, companies in the Barber Shops industry have the opportunity to expand their product offering to take share from these adjacent industries.
    Hair Care Services - Hair Cut Services Product Sales Report





    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Hair stylist services, men's, Hair stylist shops, Barber shops, etc.



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