Los Angeles, CA (PRWEB) January 08, 2012
In the five years through 2016, the annualized revenue growth of the Skin Care, Hairdressing and Beauty Services industry in China is expected to be 6.7%. Industry revenue growth is forecast to be highest in the early years of the period, as the Chinese economy continues to recover from the global financial crisis. In 2012, industry revenue is forecast to increase by 8.0%. By 2016, industry revenue is expected to have slowed to 5.8% growth for the year, according to IBISWorld, America’s largest publisher of industry research.
Within the Skin Care, Hairdressing and Beauty Services industry in China in 2011, revenue totaled $850.1 million, up 7.9% for the year, with annualized growth of 8.3% since 2006. Value added totaled an estimated $378.6 million, up 7.7% for the year, as profitability declined and costs increased.
Large numbers of salons and outlets are small in scale, providing basic services such as haircuts and the curling, straightening and dyeing of hair. Most are not registered in official company lists as they are too small and the registration laws are not strict. Almost all companies that provide non-store haircut services are unregistered.
With steady increase of people's disposable income and consumption level, people will spend more on beauty service in the coming years. In the five years through 2016, revenue of this industry is expected to increase at an annualized growth rate of 6.7%, totaling a forecast $1.18 billion in 2016.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Skin Care, Hairdressing and Beauty Services industry in China for $825 at ibisworld.com.cn.
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Skin Care, Hairdressing and Beauty Services industry in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.