Springfield, MA

Business Ideas & Market Opportunities

The Springfield market is currently trailing the national growth rate. Our analysis identifies 7 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

11,856

Total Competition Pool

Market Size

463K

Total Metro Population

5-Year Growth Rate

-21.6%

⚠️ Trailing US(+0.1% avg)

Underserved Sectors

106

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 205 opportunities

Fossil Fuel Electric Power Generation

Growth
+140.0%
Scale
$3.5M PAY
Saturation
8.28
12 establishments

Medical Laboratories

Growth
+128.6%
Scale
$136K PAY
Saturation
0.85
16 establishments

Other Automotive Mechanical and Electrical Repair and Maintenance

Growth
+120.0%
Scale
$233K PAY
Saturation
3.18
11 establishments

Fruit and Vegetable Retailers

Growth
+71.4%
Scale
$128K PAY
Saturation
2.88
12 establishments

Kidney Dialysis Centers

Growth
+71.4%
Scale
$1.4M PAY
Saturation
1.36
12 establishments

Other Activities Related to Real Estate

Growth
+66.7%
Scale
$105K PAY
Saturation
0.57
15 establishments

General Warehousing and Storage

Growth
+46.7%
Scale
$3.4M PAY
Saturation
1.19
22 establishments

Barber Shops

Growth
+42.9%
Scale
$36K PAY
Saturation
1.14
261 establishments

Ambulance Services

Growth
+33.3%
Scale
$2.6M PAY
Saturation
3.14
16 establishments

Real Estate Credit

Growth
+30.0%
Scale
$334K PAY
Saturation
0.71
13 establishments

Nail Salons

Growth
+28.0%
Scale
$108K PAY
Saturation
0.80
612 establishments

General Freight Trucking, Local

Growth
+26.1%
Scale
$367K PAY
Saturation
1.14
58 establishments

Specialized Freight (except Used Goods) Trucking, Long-Distance

Growth
+25.0%
Scale
$288K PAY
Saturation
0.90
10 establishments

General Freight Trucking, Long-Distance, Less Than Truckload

Growth
+20.0%
Scale
$2.2M PAY
Saturation
1.02
12 establishments

Breweries

Growth
+20.0%
Scale
$456K PAY
Saturation
2.28
12 establishments

Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers

Growth
+18.2%
Scale
$1.2M PAY
Saturation
4.96
13 establishments

Retail Bakeries

Growth
+15.4%
Scale
$167K PAY
Saturation
1.50
15 establishments

Recyclable Material Merchant Wholesalers

Growth
+14.3%
Scale
$2.0M PAY
Saturation
2.02
16 establishments

Men's Clothing Stores

Growth
+11.1%
Scale
$321K PAY
Saturation
1.39
10 establishments

Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers

Growth
+11.1%
Scale
$996K PAY
Saturation
2.10
10 establishments

Analyst Insights & Due Diligence

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

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?