Beauty coworking spaces, also known as salon suites or beauty incubators

Beauty coworking spaces, also known as salon suites or beauty incubators, have emerged as a significant trend in the beauty industry, offering professionals flexible and cost-effective workspaces. These shared environments provide beauty experts with amenities and infrastructure without the overhead of traditional salon ownership.

Market Overview


Global Salon Services Market: Valued at approximately $215.65 billion in 2022, the salon services market is projected to grow at a compound annual growth rate (CAGR) of nearly 8% through 2030.

Coworking Spaces Industry: The global coworking spaces market was estimated at $6.19 billion in 2019, with projections reaching $7.97 billion by 2023, reflecting a CAGR of 17%.

Regional Insights:

United States:

In 2022, the U.S. coworking industry generated approximately $2.96 billion in revenue. The market is expected to expand at a CAGR of over 11% from 2023 to 2028.

Europe:

The European coworking spaces market was valued at $3.91 billion in 2023, with forecasts suggesting growth to $12.39 billion by 2030, indicating a CAGR of 17.8% during this period.

Key Drivers of Growth:


Entrepreneurship and Flexibility:

Beauty coworking spaces cater to professionals seeking independence without the financial burden of establishing a full-scale salon. These spaces offer flexible rental options, allowing beauty experts to scale their operations according to demand.

Technological Integration:

Many beauty coworking facilities are incorporating advanced technologies, such as smart booking systems and integrated payment solutions, enhancing operational efficiency and client satisfaction.

Community and Networking:

These spaces foster a sense of community, providing opportunities for professionals to collaborate, share knowledge, and engage in networking events, thereby enriching their careers and client offerings.

Conclusion:

The beauty coworking sector is experiencing robust growth, driven by a shift towards flexible work arrangements and entrepreneurial endeavors within the beauty industry. With significant market expansions projected in both the U.S. and Europe, beauty coworking spaces are poised to play a pivotal role in shaping the future of beauty services globally.
16 March / 2024
Evgenii Kuznetsov
CEO Founder & Product Manager