The beauty industry, a sphere whose nature is constantly evolving, is a dynamic, multibillion-dollar enterprise. In this shifting landscape, beauty schools serve as the wellspring of proficiency, molding creative minds into licensed professionals, equipped to beautify the world. This article aims to dissect the nature of the ever-changing beauty schools industry, discussing its key findings and what those imply for the future of this glamorous business.

The beauty schools industry primarily offers a panoply of services training and education in cosmetology, hair care, skin care, and nail care. These institutions train ambitious individuals to attain the required skills and knowledge for state licensure, a pivotal step towards pursuing a career in the beauty and personal care industry.

The Global Beauty Schools market was estimated to be worth approximately $13.2 billion in 2019, according to a report by IBISWorld. Predicated on the burgeoning demand for beauty services and an increasing emphasis on physical appearance, the industry has experienced substantial growth over the past five years.

Nonetheless, the COVID-19 pandemic led to a severe disruption in the workings of the beauty school industry, owing to mandatory closures of educational institutions. Yet, this adversity also presented an opportunity for adaptation and innovation in the face of crisis, as schools migrated to online platforms for theoretical courses while enforcing strict health protocols for practical sessions.

Looking at this through the lens of Schumpeter's theory of creative destruction, this disruptive change could be the precursor to a whole new phase of growth and development. The move towards a more digitized learning experience might be the game-changer, enabling a wider reach and providing flexibility to the students.

In terms of geographical distribution, North America currently holds the lion's share of the beauty schools market, followed by Europe and Asia-Pacific. This dominance can be attributed to a higher consumer discretionary spending, combined with a cultural inclination towards personal grooming and beauty.

However, the fastest growth is expected from Asia-Pacific, particularly India and China. Walters' Law of Location, which illustrates the economic rationale behind the geographical distribution of industries, can be applied to understand this phenomenon. The Asian market offers a massive consumer base, rapidly rising disposable income, and a cultural shift towards Western beauty standards.

The industry is characterized by high competition due to the low entry barriers and the fact that services provided are not significantly different across schools. Yet, schools have gained a competitive edge through niche specializations, partnerships with beauty brands, and offering placements.

Going forward, the primary drivers for the beauty school industry are likely to be technological advancements, environmental sustainability, and inclusivity. Using advanced tools and techniques, such as augmented reality for practice and AI-based personalized learning modules, can significantly enhance the learning experience.

In the light of the rising environmental consciousness, schools that prioritize teaching sustainable beauty practices and use environmentally friendly products will have a competitive advantage. Furthermore, embracing diversity and inclusivity in beauty education, by incorporating a wide array of skin, hair, and body types in the curriculum, will also be crucial in shaping the industry.

Analyzing these trends through the prism of Porter's Five Forces, the threat of new entrants is expected to remain high due to tech advancements lowering barriers to entry. However, the threat of substitutes might decrease as the industry moves towards more specialized and advanced beauty practices, which require formal training.

In conclusion, the beauty school industry is poised for a glamorous future, with technology, sustainability, and inclusivity at its core. The challenges presented by the pandemic have led to innovative approaches, which are likely to shape the future of beauty education. It's an industry in transformation, with the potential to create a more inclusive, sustainable, and technologically advanced beauty world.