Industry Analysis & Industry Trends
Over the past five years, the industry has grown as US consumers have become wealthier due to higher employment, which has precipitated rising per capita disposable income and consumer confidence. Consequently, demand for personal services and other luxury services has risen as consumers increase their spending on discretionary items and services. However, curbed growth is expected in 2015 as health concerns mitigate improving macroeconomic conditions. The industry is expected to generate more income through sunless tanning beds and merchandise, which will increasingly cater toward consumers looking to make luxury purchases... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tanning Salons industry has a very low level of market share concentration. In 2015, the top four companies in the industry are estimated to account for just 10.2% of industry revenue. The majority of tanning salons have just one location and operate within a limited geographic scope. The largest companies in the industry are franchised; these include prominent operators such as Palm Beach Tan and L.A. Tan.
Over the past five years, market share concentration within the industry has increased. The industry has been witnessing a slow consolidation, with larger companies in the industry acquiring their smaller competitors... purchase to read more