Hair Removal Service Market To Sustain 4.5% CAGR Value Up To 2028

The global hair removal service market is expected to value at over US$ 15 Bn in 2019 and is expected to register a CAGR of 4.5%.

Prudour announces publication of its most recently generated research report titled, “Global Hair Removal Service Market by Service Center (Dermatology clinics, and Beauty salons), by Gender (Men, and Women), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2028.”, which offers a holistic view of the global hair removal service market through systematic segmentation that covers every aspect of the target market.

The global hair removal service market is expected to value at over US$ 15 Bn in 2019 and is expected to register a CAGR of 4.5%. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 90 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.

Global Hair Removal Service Market: Overview

Hair removal services refers to deliberate removal of facial and body hair, and methods of removal may vary depending on customer or individual choice.

Global Hair Removal Service Market: Market Dynamics

Increasing focus on personal appearance and grooming, coupled with increasing overall appeal, adoption of hygienic practices, and advertising and promotion of various beauty products are among some of the major factors expected to continue to drive growth of the global hair removal service market.

However, lack or low awareness about hair removal products and techniques and painless hair removal procedures in some developing countries is a major factor expected to restrain growth of the global hair removal service market to a certain extent.

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Global Hair Removal Service Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global hair removal service market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global hair removal service market is estimated to expand at a moderate CAGR of 4.5% over the forecast period.

Global Hair Removal Service Market: Segmental Snapshot

The market report has been segmented on the basis of service center, gender, and region. The service center segment includes dermatology clinics, and beauty salons. The gender segment includes men and women. The regions covered in the analysis include North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

By Service Center: The dermatology clinics segment is expected to register highest growth rate of over 4.2% in the global hair removal service market over the forecast period. However, the beauty salons segment is expected to dominate in the global market and is projected to continue with its dominance till 2028.

By Gender: The men segment is projected to register highest CAGR of over 4.4% in the global market in terms of revenue in the next 10 years. However, the women segment is expected to account for major revenue share and dominate in the global hair removal service market till 2028.

By Region: The market in North America is expected to account for the highest revenue share in the global hair removal service market, and is expected to register highest CAGR over 4.4% between 2019 and 2028. The Asia Pacific market is projected to register second highest CAGR in the global market over the forecast period.

Global Hair Removal Service Market: Competitive Analysis

The research report on the global hair removal service market includes profiles of major companies such as Metropolis Salon & Dry Bar, The Roose Parlour and Spa, Butterfly Studio Salon & Spa, Robert James Salon and Spa, Muse Salon & Spa LLC, Regis Corporation, Sisram Medical Ltd., Metodo Rossano Ferretti Salon, Paul Labrecque Salon, Inc., Salon U, Simplicity Laser LLC, Hudson Blvd Group, XIO Group, and Hologic, Inc.

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The Global Hair Removal Service Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global hair removal service market for 2018–2028.

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Release ID: 88922522