Industry Analysis & Industry Trends
Over the past five years, the Tanning Salons industry has experienced growth as rising per capita disposable income encouraged higher spending on discretionary services, such as tanning. Moreover, the industry is expected to continue to see moderate growth in the next five years. Industry revenue is projected to grow in light of improving consumer disposable incomes and consumer confidence. Increased consolidation is anticipated between industry players, particularly as companies expand their product and service offerings to become increasingly like day spas, which will help diversify their customer base. However, the industry will continue to be marred by rising concerns over the health risks associated with tanning machines and more stringent regulatory supervision... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tanning Salons industry has a very low level of market share concentration. In 2014, the top four companies in the industry are estimated to account for just 10.7% 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 Planet Beach.
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