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Clothing and Footwear Repair in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Clothing and Footwear Repair Market Research Report | ANZSIC S9491 | Oct 2016

In good repair: The growing popularity of upcycling has supported industry revenue growth

IBISWorld’s Clothing and Footwear Repair market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$233m
Annual Growth 12-17
2.4%
Annual Growth 17-22
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Profit
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Employment
2,199
Businesses
712
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Clothing and Footwear Repair Industry?

Operators in the industry undertake repairs or alterations to clothing and footwear. Services offered range from basic repairs to complete restyling of older garments to make new clothing. Repairers may operate under a franchise model or as independent businesses. Stores are primarily located in shopping centres or shopping strips, which increases their exposure to passing consumer traffic.

Industry Products
Clothing repairClothing alterationsFootwear repair
 
Industry Activities
Clothing repairs and alterationsFootwear repairs


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