Hair Salon Industry in Narvik: A Comprehensive Analysis

Other Observations

• Number of companies: There are 31 companies registered in the hair salon industry in Narvik, but only 16 of these have reported data. This suggests that some companies have not disclosed financial figures.
• Organizational forms: Most companies (13) are registered as AS (limited liability company), indicating a dominance of larger, more stable companies in the industry.
• Bankrupt companies: One company in the industry is registered as bankrupt, namely Narvik Frisør As. This company had no revenue or employees in the last reported year.

Economic Trends

• Annual revenues: Revenues in the hair salon industry in Narvik have varied over time. The highest level was achieved in 2024 with NOK 35.3 million, while the lowest was recorded in 2020 with NOK 27.9 million. There is a growth of +5.0% from 2023 to 2024, but a decline of -5.4% from 2024 to 2025.
• Annual employees: The number of employees has been relatively stable in recent years, decreasing from 2016 to 2026 from 82 to 54 employees. The most significant decline was recorded in 2018, with a reduction of -17.9% from 2017 to 2018.

Key Players in the Industry

Here is an overview of the most relevant companies in the hair salon industry in Narvik:

Organizational forms: Most companies (13) are registered as AS, indicating a dominance of larger, more stable companies in the industry.

Geographic Distribution

The hair salon industry in Narvik is most active in Narvik itself, with 11 companies and 48 employees. Ankenes and Bjerkvik also have activity, but with fewer companies:

• Narvik: 11 companies, 48 employees, NOK 35.7 million in revenue, NOK 3.7 million in EBITDA.
• Ankenes: 1 company, 5 employees, no revenue.
• Bjerkvik: 1 company, 3 employees, NOK 1.9 million in revenue, NOK 401,000 in EBITDA.

There is a clear concentration of activity in Narvik, with less activity in Ankenes and Bjerkvik.

• Bankruptcies: One company in the industry has gone bankrupt, namely Narvik Frisør As. This company had no revenue or employees in the last reported year.
• Stability: Most companies in the industry have shown relatively stable development over time, with some companies experiencing significant declines in revenue and EBITDA. For example, Fame Hårdesign Frisør As had a decline of -2% in revenue and 0% in EBITDA in 2025.
• Growth: Some companies have shown positive development, such as Hårstrået Frisør Narvik As, which had a growth of +9% in revenue in 2025.

Outlook for Founders

• Market size: The hair salon industry in Narvik has a relatively stable market size, with revenue of NOK 35.3 million in 2024. This suggests there is good development potential for new companies in the industry.
• Competitiveness: There is some competitiveness in the industry, with several companies showing positive development over time. This can be a challenge for new companies wishing to establish themselves in the market.
• Stable labor market: There is a relatively stable labor market in the industry, with an average revenue per employee of NOK 716,900 in 2025. This suggests there is good development potential for new companies in the industry.

• Market size: The hairdressing industry in Narvik has a larger market size than the hair salon industry, with revenue of NOK 37.5 million in 2024. This suggests there is greater development potential for new companies in the hairdressing industry.
• Competitiveness: There is some competitiveness in the hairdressing industry, with several companies showing positive development over time. This can be a challenge for new companies wishing to establish themselves in the market.
• Stable labor market: There is a relatively stable labor market in the hairdressing industry, with an average revenue per employee of NOK 633,700 in 2025. This suggests there is good development potential for new companies in the hairdressing industry.

Peer companies in the hairdressing industry:

Conclusion: The hairdressing industry in Narvik has a larger market size than the hair salon industry, but there is some competitiveness in the industry. This can be a challenge for new companies wishing to establish themselves in the market.

The hair salon industry in Narvik has shown relatively stable development over time, with revenue of NOK 35.3 million in 2024. There is some competitiveness in the industry, with several companies showing positive development over time. This can be a challenge for new companies wishing to establish themselves in the market. There is also a relatively stable labor market in the industry, with an average revenue per employee of NOK 716,900 in 2025. This suggests there is good development potential for new companies in the industry.