Industry Analysis & Industry Trends
Health and safety a burning issue
Concerns about the health risks associated with UV tanning are resulting in increasingly stringent regulation of this industry. Spray tans are therefore becoming more popular as a safe alternative. Operating in a highly competitive environment, the industry is being forced to consolidate, with franchises dominating. Larger operators are also expanding their range of skin, health and beauty services in a bid to improve market share... purchase to read more
Industry Report - Industry Analysis Chapter
The Tanning Salons industry provides indoor ultraviolet (UV) and spray tanning services to an estimated 28.0 million Americans each year. However, because of poor economic conditions over the five years to 2013, industry revenue is expected to remain stagnant, only growing by an average annual rate of 0.1%. The industry provides a discretionary service; as a result, with skyrocketing unemployment and decreased per capita disposable income during the recession, fewer consumers were willing to spend on regular tanning sessions. Instead, consumers visited salons less frequently, opting for natural tanning methods or buying tanning lotions and sprays from local drugstores.
The indoor tanning industry emerged 40 years ago, with the advent of UVA tanning beds... purchase to read more