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 Key Buyers Chapter
The Tanning Salons industry has a very low level of market share concentration. In 2013, the top four companies in the industry accounted for just 5.9% of the industry's 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. Since 2007, the industry has been witnessing a slow consolidation, with larger companies in the industry acquiring their smaller competitors. This heightened merger and acquisition activity is characteristic of a mature industry and was exacerbated by the recession... purchase to read more