Industry Analysis & Industry Trends
Despite varying degrees of growth in the economy, business has been strong for the Tattoo Studios industry over the past five years. The evolution of popular culture has lifted tattooing from underground scenes and criminal associations and focused on tattoos as a form of art and expression. This has allowed tattoos to permeate many previously inaccessible echelons of society, etched onto the skin of members in various professions that include corporate management, personal services and teaching. Demand for tattoos has also been driven by rapid advancements in technologies related to their removal, particularly that of lasers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tattoo Studios industry is in the growth stage of its life cycle, characterised by increasing participation through the entry of new players, growing demand for customised tattoos and a greater social acceptance of people with tattoos. Over the 10 years through 2018-19, the industry's contribution to the economy (industry value added) is expected to increase by a compound annual rate of 3.5%, a strong performance compared with annualised GDP growth of 2.5%. This suggests that the industry is growing at a faster rate than the overall economy.
The industry has also benefited from an increased social acceptance of tattoos in general, as people with tattoos are no longer only identified as belonging to a certain sub-culture or movement... purchase to read more