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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 | Nov 2015

Repairs over replacements: Volatile consumer sentiment boosted demand for industry services

IBISWorld’s Clothing and Footwear Repair market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$225m
Annual Growth 11-16
3.2%
Annual Growth 16-21
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Profit
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Employment
2,195
Businesses
730
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 volatility in consumer sentiment have prompted many households to scale back expenditure on unnecessary items of clothing and footwear, and instead extend the life of existing items by spending on repair and alteration services. Industry players have also benefited from the growing popularity of upcycling, where old garments are transformed into new items. Over the five years through 2015-16, industry revenue is forecast to rise at an annualised 3.2% to reach $225.0 million, including growth of 1.8% in 2015-16... purchase to read more

Industry Report - Starting a New Business Chapter

The industry has low barriers to entry and the trend is steady. It is relatively easy for new operators to enter the industry, as concentration and competition are both low. The top four players control well below 40.0% of the market, enticing new players into the industry to gain market share. Furthermore, the specialised nature of services offered by the industry means that competition from other players is largely restricted. Unlike the retail trade sector in general, most retail industries are unlikely to expand their product range to offer clothing and footwear repair services.

New operators may be tempted to enter the industry due to its mature life cycle status, which provides new players with a well-defined service and an established buyer's market... 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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