Evansville, IN

Business Ideas & Market Opportunities

The Evansville market is currently trailing the national growth rate. Our analysis identifies 18 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

8,317

Total Competition Pool

Market Size

270K

Total Metro Population

5-Year Growth Rate

-6.3%

⚠️ Trailing US(+0.1% avg)

Underserved Sectors

82

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 164 opportunities

Child and Youth Services

Growth
+128.6%
Scale
$601K PAY
Saturation
1.22
16 establishments

Tobacco Stores

Growth
+100.0%
Scale
$73K PAY
Saturation
1.29
22 establishments

Pet Care (except Veterinary) Services

Growth
+71.4%
Scale
$129K PAY
Saturation
1.72
36 establishments

Couriers and Express Delivery Services

Growth
+71.4%
Scale
$2.2M PAY
Saturation
1.36
12 establishments

Other Services to Buildings and Dwellings

Growth
+57.1%
Scale
$386K PAY
Saturation
0.74
11 establishments

Computer Facilities Management Services

Growth
+57.1%
Scale
$167K PAY
Saturation
2.25
11 establishments

Offices of Mental Health Practitioners (except Physicians)

Growth
+56.5%
Scale
$295K PAY
Saturation
0.92
36 establishments

General Freight Trucking, Local

Growth
+53.8%
Scale
$686K PAY
Saturation
1.07
40 establishments

Caterers

Growth
+50.0%
Scale
$183K PAY
Saturation
1.12
12 establishments

Barber Shops

Growth
+50.0%
Scale
$1709.0M REV
Saturation
0.94
65 establishments

Graphic Design Services

Growth
+42.9%
Scale
$94K PAY
Saturation
0.76
10 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+40.0%
Scale
$314K PAY
Saturation
0.94
177 establishments

Marketing Consulting Services

Growth
+38.9%
Scale
$304K PAY
Saturation
0.57
25 establishments

Offices of Physical, Occupational and Speech Therapists, and Audiologists

Growth
+38.9%
Scale
$896K PAY
Saturation
1.16
50 establishments

Hardware Stores

Growth
+37.5%
Scale
$174K PAY
Saturation
0.95
11 establishments

Office Administrative Services

Growth
+36.4%
Scale
$602K PAY
Saturation
0.49
15 establishments

Industrial Supplies Merchant Wholesalers

Growth
+28.6%
Scale
$897K PAY
Saturation
2.36
18 establishments

Real Estate Credit

Growth
+25.0%
Scale
$612K PAY
Saturation
0.74
10 establishments

All Other Specialty Trade Contractors

Growth
+23.3%
Scale
$217K PAY
Saturation
1.06
37 establishments

Snack and Nonalcoholic Beverage Bars

Growth
+23.3%
Scale
$145.0M REV
Saturation
0.75
65 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Evansville:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?