Why a Franchise?
In the most recent economic impact study released (prepared by PricewaterhouseCoopers), the franchising sector of the U.S. economy has expanded by over 18%. Direct economic output of franchises grew by more than 40% to $880 billion. Also, the franchising sector provides more jobs than many other sectors making it a vital provider of economic growth in our local communities.
Bedliner Industry Profile – A $200+ Million Market
According to a recent Frost & Sullivan Report, truck bedliners alone represent an approximately $200 million industry and is expected to grow to $215+ M by 2014. (Source: Frost & Sullivan Market Engineering Analysis September, 2008).
Although sales of new pick-up trucks have been declining in the last year (18% in 2008), it is important to note that enthusiasts -- the subset of consumers who tend to continue personalizing their vehicles despite economic downturns are purchasing used pick-ups or keeping the ones they have a bit longer. In fact, the latest SEMA Automotive Lifestyles Survey of Enthusiasts showed that 64% of pick-up owners purchased their vehicles used. More than a third (36%) of these enthusiasts said they purchased a bedliner in the past year. Despite tightening consumer spending in 2008, automotive enthusiasts who drive pick-ups said that they spent $2,600 each, on average over the past 12 months on custom parts and accessories. (Source: SEMA eNews January 29, 2009).
Light Industrial Industry Profile – Endless Applications
Best known for its truck bedliners, LINE-X is continually responding to industry needs and designing new protective coatings for a variety of light industrial industries, including agriculture, commercial, industrial, manufacturing, recreation, residential and more. The light industrial market opens up many new opportunities for revenue streams and provides franchisees with a chance to take their business to the next level.
This dynamic business opportunity can be traced to the advantages and consumer desirability of sprayed-on liners over drop-in liners, the increased trend toward accessorizing, and the ever-growing light industrial market, where the applications seem endless. LINE-X presents a solid choice for entrepreneurs to get in on the ground floor.