Beauty Schools in Market Report Show Steady Industry Growth

Despite the recession, a few industries have experienced strong growth over the past few years. Cosmetology schools in particular have seen a steady incline in new applications thanks to a blooming job market where people can complete training and enter the industry as independent or salon-ready cosmetologists. A new report has been released to back up the trend:

(PRWEB) May 23, 2012 – The Cosmetology and Beauty Schools industry has experienced steady growth over the past five years, even despite the economic recession, as employment opportunities in the beauty industry have continued to grow. Changing fashion trends and consumer concern with physical appearance also fuel demand for the cosmetology and beauty industry, and career opportunities at beauty salons, barbershops, skin care salons and nail salons have remained favorable. During the economic downturn, many workers sought to be trained in a profession that remained in demand during difficult economic times. The minimal time it takes for training and then launching a business lured prospective students looking for a career change. “In addition to benefiting from a wide range of employment opportunities, cosmetology and beauty training also offers the opportunity for entrepreneurship,” says IBISWorld industry analyst Andrea Alegria, “which helped boost enrollment at beauty schools and lure new entrants into the industry.” As a result of these trends, industry revenue is expected to increase at an average rate of 3.9% per year to about $1.6 billion in the five years to 2012.

The number of cosmetology and beauty schools has increased considerably over the past five years in order to meet the demand from a growing number of people seeking beauty careers. IBISWorld estimates the number of establishments will grow at an annual rate of 1.8% per year to 1,908 facilities in 2012, from 1,740 in…

Read more: Cosmetology and Beauty Schools in the US Industry Market Research

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