Golden hour: Industry growth is expected to slow as rising consumer confidence is offset by a rise in regulation
Tanning Salons in the US The Tanning Salons industry, which provides indoor UV tanning beds and spray-tanning services, has grown over the past five years to 2018, as consumers have become wealthier due to higher employment and rising per capita disposable income. However, the industry’s largest hurdle remains the looming pressure from regulatory agencies and industry groups, which seek to increase education surrounding the potential dangers associated with indoor tanning. Over the past five years, tanning salons have adapted to heightened consumer concerns over UV radiation exposure. More salons began offering sunless tanning options, including spray-on tans and lotions. Over the next five years to 2023, industry growth is expected to slow as rising consumer confidence is offset by a rise in regulation and research surrounding the harmful effects of industry services. The industry is expected to generate more income through sunless tanning and merchandise, which will cater toward consumers looking to make luxury purchases.
This industry includes companies that provide indoor tanning services through UV tanning beds and booths, as well as spray-on tanning services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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