The popularization of dance-inspired television shows and rising interest in dance as an alternative form of exercise has positively impacted the Dance Studios industry over the past five years. In particular, dance studios offering Latin-inspired, fitness, fusion and ballroom dance classes have benefited from rising consumer demand. Improving economic conditions will result in greater per capita disposable income growth, fostering greater spending on recreational activities like dance. In the five years to 2021, Dance Studios industry revenue is expected to increase.
This industry includes studios that primarily offer instructional classes focused on providing knowledge and skills related to dance, including ballroom dancing, ballet, hip-hop and modern dance, among others. These include dance schools for children, intermediate and professional dancers. However, this industry does not include dance companies.
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.