Healing Touch: Increasing Health Expenditure and Popularity of Industry Services Will Likely Benefit Revenue
Massage Franchises
The popularity of services offered by the Massage Franchise industry has surged over the five years to 2018 as consumers increasingly spend on luxury goods. Furthermore, new research touts the health benefits of massages, benefiting the industry. The improving economic environment and increasing visibility of massage franchises are expected to encourage strong, double-digit growth in the Massage Franchises industry over the past five years. In addition, while the majority of massage therapists are sole proprietors, the popularity of massage franchises has increased over the past decade. As a reselt of these trends, industry revenue is expected to strongly increase during the current period. Over the five years to 2023, revenue for the Massage Franchises industry is anticipated to continue growing due to increases in both health care expenditure and consumer spending.
This industry comprises franchise companies that provide massages to enhance physical function, aid healing and promote relaxation, often in private or group sessions. Reports in our Business Franchise collection focus solely on the operation of franchised outlets and exclude nonfranchise data. They show the number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. Our reports also highlight the largest franchisors by market share.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Massage Envy
- Elements Therapeutic Massage Inc.
- Hand & Stone Massage and Facial Spa
Methodology
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