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 - 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 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