IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Skin Care, Hairdressing & Beauty Services in China Industry Data and Analysis
Revenue for the Skin Care, Hairdressing and Beauty Services industry in China is expected to decrease at an annualized rate of 2.4% over the five years through 2024 to $5.1 billion. Due to the limited number of people going out in the past few years caused by the COVID-19 pandemic and the economic downturn, many enterprises are unable to support fixed costs. Industry revenue has decreased, and profits have declined.Many industry enterprises are small in scale, providing basic services like haircuts and the curling, straightening, and dyeing of hair. The industry has low investment costs due to the high availability and low cost of equipment and products, as well as numerous upstream product brands. Most enterprises serve consumers within their immediate vicinity. The industry presents characteristics of being very dispersed, with dense store layouts and rapid turnover.Profit is expected to account for 3.8% of industry revenue in 2024. Although profit margin has declined in the past few years, with the recovery of the economy, industry profit margin will gradually increase. The industry is labor-intensive, and it is expected that wage costs will account for 42.1% of the industry revenue in 2024. Total wages are expected to rise by an annualized 1.0% over the five years through 2024 to $2.1 billion.Due to forecast steady increases in disposable income and consumption trends, consumers are projected to continue spending on beauty services over the next five years. Over the five years through 2029, industry revenue is forecast to increase at an annualized 2.5%, totaling $5.8 billion in 2029. Spa services, skin care and hairdressing services are also projected to be provided in a more integrated way, so that customers can enjoy a series of services without changing locations.The industry actively introduces new technologies like AI to provide consumers with a better service experience. AI can provide personalized services and offer suitable solutions to consumers. Meanwhile, AI can also collect sufficient information to help companies understand market trends and promote the healthy development of the industry.
Access this data your way
The Skin Care, Hairdressing & Beauty Services in China Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Skin Care, Hairdressing & Beauty Services industry in China includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released November 2024.
About this industry
What's this industry report about?
The Skin Care, Hairdressing & Beauty Services industry in China operates under the industry code 8240. The Skin Care, Hairdressing and Beauty Services industry in China provides professional skin, beauty, hairdressing and nail care services. The industry's establishments can be standalone or independently operated in hotels, restaurants, shopping centers or other recreational venues. Related terms covered in the Skin Care, Hairdressing & Beauty Services industry in China include hairdressing, cosmetic and massage.
What's included in this industry?
Products and services covered in Skin Care, Hairdressing & Beauty Services industry in China include Skin care services, Foot care and massage services and Weight loss services.
What companies are included in this industry?
Companies covered in the Skin Care, Hairdressing & Beauty Services industry in China include Beauty Farm Medical and Health Industry Inc., Chlitina Holding Limited and Water Oasis Group Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Skin Care, Hairdressing & Beauty Services industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Skin Care, Hairdressing & Beauty Services industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Skin Care, Hairdressing & Beauty Services industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Skin Care, Hairdressing & Beauty Services industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Skin Care, Hairdressing & Beauty Services industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Skin Care, Hairdressing & Beauty Services industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Skin Care, Hairdressing & Beauty Services industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Skin Care, Hairdressing & Beauty Services industry in China.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Skin Care, Hairdressing & Beauty Services industry in China in 2026?
The market size of the Skin Care, Hairdressing & Beauty Services industry in China is $5.1bn in 2026.
How many businesses are there in the Skin Care, Hairdressing & Beauty Services industry in China in 2024?
There are 20,471 businesses in the Skin Care, Hairdressing & Beauty Services industry in China, which has grown at a CAGR of 1.5 % between 2019 and 2024.
How may import tariffs affect the Skin Care, Hairdressing & Beauty Services industry in China?
The Skin Care, Hairdressing & Beauty Services industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Skin Care, Hairdressing & Beauty Services industry in China?
The Skin Care, Hairdressing & Beauty Services industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Skin Care, Hairdressing & Beauty Services industry in China grown or declined over the past 5 years?
The market size of the Skin Care, Hairdressing & Beauty Services industry in China has been declining at a CAGR of 2.4 % between 2019 and 2024.
What is the forecast growth of the Skin Care, Hairdressing & Beauty Services industry in China over the next 5 years?
Over the next five years, the Skin Care, Hairdressing & Beauty Services industry in China is expected to grow.
What are the biggest companies in the Skin Care, Hairdressing & Beauty Services industry in China?
The biggest companies operating in the Skin Care, Hairdressing & Beauty Services industry in China are Beauty Farm Medical and Health Industry Inc., Chlitina Holding Limited and Water Oasis Group Ltd.
What does the Skin Care, Hairdressing & Beauty Services industry in China include?
Hairdressing services and Skin care services are part of the Skin Care, Hairdressing & Beauty Services industry in China.
Which companies have the highest market share in the Skin Care, Hairdressing & Beauty Services industry in China?
The company holding the most market share in the Skin Care, Hairdressing & Beauty Services industry in China is Beauty Farm Medical and Health Industry Inc..
How competitive is the Skin Care, Hairdressing & Beauty Services industry in China?
The level of competition is low and increasing in the Skin Care, Hairdressing & Beauty Services industry in China.
Cut through the noise with intelligence you can trust
