Industry Analysis & Industry Trends
The Day Spa and Nail Salon Franchises industry, like most of the economy, experienced difficult conditions during the recession. However, industry operators recovered quickly, and revenue has grown consistently since 2009. The expansion of firms' service offerings, combined with growing acceptance of convenience options like online reservations and walk-ins, has allowed the industry to expand rapidly.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Day Spa and Nail Salon Franchises industry is in the growth stage of its life cycle, indicated by its growing contribution to the US economy, which is measured through industry value added (IVA). Over the 10-year period to 2017, IVA is forecast to grow at an average annual rate of 2.9%, outpacing US GDP annualized growth of 2.1% over the same period. This growth is a clear sign of the industry's expansion and customers' acceptance of its services.
The physical expansion of day spa and nail salon franchises is another clear-cut sign of the industry's growing life cycle stage. Between 2007 and 2017, IBISWorld anticipates that the number of locations will increase at an average annual rate of 2.6% to 6,477. Even during the recession, the industry did not shrink... purchase to read more