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 - 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; there is a low degree of market share concentration and major companies exert little influence on the industry. However, there is a high degree of competition in the industry, given that there are about 22,632 operators in the industry, in addition to health clubs, spas and beauty salons that also 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