Repair over replacement: Upcycling trends and volatile consumer sentiment support revenue

The Clothing and Footwear Repair industry has faced tough trading conditions over the past five years. Disposable income growth during the period has provided consumers with more money to allocate towards the purchase of new clothing and footwear items. As a result, consumers have increasingly chosen to buy new goods over repairing existing items. This is reflected in an upturn in demand from clothing and footwear retailing over the past five years. Despite these challenges, volatile consumer sentiment over the period has prompted many households to scale back spending on new clothing and footwear, instead choosing to extend the life of existing items through repair and alteration services...read more.

Industry Statistics & Market Size
Revenue
$237m
Annual Growth 14-19
1.3%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
2,947
Businesses
692
Market Share of Companies

Industry Threats & Opportunities

  • Volatile consumer sentiment has fuelled demand for industry services and supported revenue growth
  • Wage costs have increased as a share of industry revenue due to growth in establishment numbers
  • The industry’s service-based nature and strong customer loyalty are forecast to aid revenue growth

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    Industry Report - Industry Locations Chapter

    Due to the service-based nature of the industry, the spread of establishments broadly follows population trends across each state. Hence, more populated states such as New South Wales, Victoria and Queensland control a larger share of industry establishments compared with less populated regions like the Northern Territory and the Australian Capital Territory. This trend is largely attributable to consumer demand for clothing and footwear repair services exhibited by each state. With the exception of larger players such as Mister Minit and Looksmart Alterations, the industry is highly fragmented with numerous small-sized and non-employing operators. Due to the size of these smaller players, they often only operate in one single state and meet the needs of the local consumer market. The...purchase to read more.

    Additional Insights for the Clothing and Footwear Repair Industry

    IBISWorld has determined the most important Key Success Factors for the Clothing and Footwear Repair are:

  • Ability to franchise operations
  • Ability to vary services to suit different needs
  • Access to highly skilled workforce

    • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Real household disposable income in the Clothing and Footwear Repair industry impact industry performance..

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    Industry Products

    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 repair
  • Clothing alterations
  • Footwear repair
    • Industry Activities
  • Clothing repairs and alterations
  • Footwear repairs
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Real household disposable income
  • Demand from clothing retailing
  • Demand from footwear retailing
  • Population

    • Current Performance
  • Industry structure
  • Profit
  • Competition
  • Chart: Revenue Growth

    • Industry Outlook
  • Industry structure
  • Profit
  • Competition
  • Table: Clothing and Footwear Repair Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Clothing and Footwear Repair Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Government Contracts and Tenders
  • Consumers

    • Key Selling Industries
  • Livestock and Other Agricultural Supplies Wholesaling
  • Textile Product Wholesaling

    • Products & Services
  • Clothing alterations
  • Clothing repair
  • Footwear repair
  • Chart: Clothing and Footwear Repair Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • People aged 55 and over
  • People aged 35-54
  • People aged 15-34
  • Chart: Major Market Segmentation for the Clothing and Footwear Repair Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Clothing and Footwear Repair

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Clothing and Footwear Repair Industry

    • Industry Globalization

    Major Companies

    Minit Australia Pty Ltd, Looksmart Alterations Pty Ltd,
  • Table: Minit Australia Pty Ltd - financial performance
  • Table: Looksmart Alterations Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Clothing and Footwear Repair Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Clothing and Footwear Repair Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Point Of Sale (Pos)
  • Technology that incorporates a cash register with a credit and debit card electronic payment system in the one device.
    • Tailors Or Seamstresses
  • Individuals qualified in the art of sewing and the ability to make repairs and alterations to clothing.
    • Upcycle
  • A process whereby an old item of clothing is remodelled and made into a new garment.
    • What Our Customers Say
    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Clothing and Footwear Repair:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Clothing and Footwear Repair market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Clothing and Footwear Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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