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2024 U.S. Industry Statistics & Market Forecast - Personal Care Services


Market Size & Industry Statistics

The total U.S. industry market size for Personal Care Services: 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.

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

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

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





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Personal Care Services industry is experiencing a range of trends that are shaping the future of the sector. One of the most important trends is the growing demand for natural and organic products. As consumers become more mindful of the chemicals they put on their skin, they are seeking out plant-based ingredients and non-toxic formulations.

Another key trend is the rise of digital tools that are enhancing the customer experience. Personal Care Services companies are leveraging technology to offer online booking, virtual consultations, and customized skincare recommendations. The use of artificial intelligence and machine learning algorithms is also becoming more prevalent in the industry, enabling companies to better understand client preferences and tailor their offerings accordingly.

Additionally, there is a growing focus on sustainability and ethical sourcing in the industry. Consumers are increasingly concerned about the environmental impact of their beauty products and are looking for companies that prioritize sustainability and ethical practices throughout their supply chain.

Finally, the Personal Care Services industry is experiencing a shift towards personalized and customized experiences. Companies are developing new products and services that cater to individual needs and preferences, such as customized skincare regimes and personalized makeup consultations. The rise of clean beauty and other wellness-focused trends is also driving this shift towards personalized experiences.



Product & Services Breakdown

Research products and services in the Personal Care Services 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

Permanent Hair Texture Modification

Hair Coloring And Tinting

Hair Cut And Styling Services

Other Hair Care Services

Nail Care Services

Manicure Services

Pedicure Services

Other Nail Care Services

Skin Care Services

Facial Services

Other Skin Care Services

Hair Removal Services

Hair Removal Services - Permanent

Hair Removal Services - Temporary

Massage Services

Massage Services - Therapeutic

Massage Services - Other

Tattoo And Body Modification Services

Tanning Services

Tattoo Services

Other Beauty And Personal Care Services

Weight Loss Services

Non-Medical Weight Loss Programs

Non-Medical Diet Management Services

Rental Of Non-Residential Space In Buildings Or Other Facilities

Rental Of Booths And Chairs In Beauty And Personal Care Establishments

Resale Of Merchandise

Resale Of Cosmetic Products

Resale Of Other Merchandise

All Other Receipts



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
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Personal Care Services 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 Personal Care Services 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 Personal Care Services 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 3%

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Chief Executives0%
General and Operations Managers3%
Healthcare Support Occupations 7%
Other Healthcare Support Occupations 6%
Massage Therapists 6%
Massage Therapists 6%
Personal Care and Service Occupations 72%
Personal Appearance Workers 66%
Barbers, Hairdressers, Hairstylists and Cosmetologists 39%
Hairdressers, Hairstylists, and Cosmetologists 38%
Miscellaneous Personal Appearance Workers 26%
Manicurists and Pedicurists 19%
Skincare Specialists 6%
Office and Administrative Support Occupations 13%
Information and Record Clerks 10%
Receptionists and Information Clerks 9%
Receptionists and Information Clerks 9%
Source: Bureau of Labor Statistics


Personal Care Services Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Personal Care Services industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Personal Care Services industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Personal Care Services industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Personal Care Services

  • Jan 29, 2024: PACIFIC LINK INTERNATIONAL, CORP. (Garden City, NY) awarded $19,998
  • Jan 26, 2024: MITCHELL CONSULTING SERVICES GROUP INC (Oklahoma City, OK) awarded $278,838