Male Barber Shop Market–Australia
The male barber shop market in the Australian market was valued at $476 million in 2021 and is extrapolated to reach $534 million in 2026.
The Australian male barber shop market is expected to grow at a CAGR of 2.3% during the next five years (2021-2026).
Rising Demand For Male Barber Shops
The rising appearance consciousness increased male grooming, and population growth has all fueled growth in the barbershop industry in Australia.
The growth of the male barbershop industry in Australia has contracted significantly in response to the COVID-19 pandemic.
However, the market is expected to grow at a minimal but steady rate in the post covid situation. Since male grooming is a fundamental requirement in everyday life, the whole Australian barber shop market is expected to rise in the future.
Market Trends
➟ The price of Standard men’s haircuts in the ex-pat area of the city of Sydney is AU$31.
➟ In Melbourne, the price is 7% more expensive than in Sydney.
➟ In Perth, the price is 9% cheaper than in Sydney.
➟ In Cairns, the price is 12% cheaper than in Sydney.
Drivers and Challenges
Drivers
➟ Increasing Demand For Hair Coloring Products and Product Awareness
➟ Rising Number of Barber Shops & Beauty Salons Expands The Market
➟ Increasing Popularity of Online Salon Booking Platforms
Challenges
➟ Less Accessibility and High Prices of the Products
➟ Intense Competition from unorganized Players
Data Sources: Statista, IBIS World, Industry Arc, Fortune Business Insights, and others
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