Franchising is often perceived to be synonymous with fast food, although we know this is far from true, especially in the past years. There are more than 230 industries represented in franchising. Currently, new brands entering saturated markets are specializing in niche products and services to target specific customers and differentiate their brand from the masses. When we think new brands, we think specialization and diversification. But in what ways are these manifesting, and what does that mean for individuals trying to navigate this changing landscape?
FRANdata knows about franchise trends before anyone else- we uncover them. New brands entering the franchise space hail from diverse industries, such as healthcare, education, tobacco products, and pet services. We know what drives this growth and what can be expected from advances in technology and changes in consumer demand.
Stay on top of industry changes and their effects on the franchise space with FRANdata’s industry overviews and emerging industry trend reports. With more than 200 new brands entering the market each year, we make the diversity of the franchising space easily understandable and useful. Our knowledge of the capital access space for franchises and our projections for them are unparalleled in reliability and analysis.
Contact Us to acquire your industry overview and gain a better understanding of the franchise space within them.