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Psychic Services - Industry Market Research Report

  • December 2016
  • 29 pages
  • Ibisworld
Report ID: 2573318

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Bright future: Improving economic conditions will continue to boost industry performance



Abstract

Psychic Services

The Psychic Services industry has grown steadily over the five years to 2015 thanks to the recovering economy and growing acceptance of industry services among consumers. Following a dip during the recession, rising disposable income levels have spurred demand for discretionary services like psychic readings. In the coming years, improving economic conditions will continue to boost industry performance, as rising disposable income bolsters average customer spending on psychic services. Increased citywide regulations will likely accelerate during the next five years, which will result in slight industry consolidation and slow industry growth.

The Psychic Services industry includes establishments that offer psychic and fortune-telling services. Industry operators typically provide services in the areas of astrology, aura reading, mediumship, tarot card reading and palmistry, among other metaphysical 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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