Industry Analysis & Industry Trends
The Clothing and Footwear Repair industry has fared well over the past five years. The industry has been largely unaffected by the turbulent economic conditions that have plagued traditional retailers. Widespread economic uncertainty and negative consumer sentiment over much of the five-year period prompted many households to scale back expenditure on new clothing and footwear, instead choosing to extend the life of existing items through repair and alteration services. Industry players have also benefited from the growing popularity of upcycling, where old garments are transformed into new items. Industry revenue is expected to increase at an annualised 2.4% over the five years through 2016-17, to reach $233.3 million. This includes expected growth of 2.6% in the current year... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Clothing and Footwear Repair industry is characterised by low market share concentration, with the top four players accounting for less than 40% of revenue. According to ABS data, 49.3% of businesses generated from 50,000 to less than $200,000 in 2014-15. A further 33.8% of businesses earned from 200,000 to less than $2 million. Only 0.9% of businesses generated more than $2 million. The remaining 16.1% of businesses were at the lower end of the spectrum, generating less than $50,000 for the year.
Market share concentration has trended down over the past five years. Barriers to entry are low due to weak competition, low capital intensity and minimal change in the use of systems and technology... purchase to read more