Industry Analysis & Industry Trends
The Tattoo Removal Practitioner industry grew quickly over the past five years, with revenue expected to expand at an average annual rate of 20.9% to $65.6 million in the five years to 2012. Increased social acceptability of and interest in tattoos has driven demand for them, which ultimately increased the pool of potential customers who may regret their initial decision and want their tattoos removed. Further pushing growth has been the recession, which has heightened unemployment and, in turn, increased demand from job seekers who need to cover up tattoos in order to obtain employment. At the same time, the recession did cause drops in disposable income, which mitigated some growth because it limited consumers' ability to pay for tattoo removal.... purchase to read more
Industry Report - Industry Locations Chapter
IBISWorld analysis reveals that revenue from the Tattoo Removal Practitioner industry mostly comes from the Southeast, West and Mid-Atlantic regions. In general, these regions have higher population densities than the Plains or Rocky Mountains regions. Also, the presence of major metropolitan areas in the highest-earning regions increases the number of tattoo parlors, thus increasing the likelihood and frequency with which people have tattoos removed.
The Southeast accounts for the majority of industry revenue. Florida, Virginia and Georgia help boost the region's revenue share through cities like Miami, Richmond and Atlanta, respectively... purchase to read more