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 - Starting a New Business Chapter
The Tanning Salons industry has low barriers to entry. The capital and labor requirements are relatively minimal to enter the industry. The industry is highly fragmented, with a low degree of market share concentration and major companies that exert little influence on the industry. However, there is a high degree of competition in the industry, given that there are more than 10,000 operators in the industry, in addition to health clubs, spas and beauty salons that provide tanning as an added service. Furthermore, there is an increasing amount of regulation in the industry, which is a slight barrier to entry. (For more information, please refer to the Regulation and Policy section).
Start-up costs vary depending on the company's scale of operations... purchase to read more