Total US Market Capitalization $3 Billion
Annual Industry Growth 3.2% (as of 9-2014)
30 Million Annual American Tanning salon customers
# of Tanning Salons in the US 9,449
# of part/full time U.S Tanning Employees 60,498
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.
Industry Report - Industry Analysis Chapter
The Tanning Salons industry provides indoor ultraviolet (UV) and spray tanning services to about 30.0 million Americans each year. Over the past five years, the industry has experienced growth as rising per capita disposable income encourages increased spending on discretionary services, such as tanning. Growth has been particularly strong for the industry as the US economy recovers from the recession; additionally, personal services in general have become more popular as consumers increase spending on their appearance and other premium and luxury products.
information Sourced from IbisWorld.com
Is an industry veteran with over a decade in the industry. one of the highest level producers in the industry at nearly 2 million a year in personal retail sales for corporate salons, before owning franchises of his own, and later his own successful chain that took over 16 brand names before Adam sold out.