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Clothing and Footwear Repair in Australia - Industry Market Research Report

Publisher IBISWorld
Published Aug 30, 2024
Length 70 Pages
SKU # IBSS19342626

Description

Clothing and Footwear Repair in Australia - Industry Market Research Report


Clothing and Footwear Repair in Australia

Clothing and footwear repairers have faced volatile trading conditions. Disposable income growth has provided consumers with more money to purchase new clothing and footwear items meaning they have increasingly chosen to buy new goods rather than repair existing items. 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. Industry repairers have also benefited from the growing popularity of upcycling, where old garments are transformed into new items. Overall, industry revenue is expected to increase at an annualised 1.0% over the five years through 2022-23, to $286.0 million. This includes an anticipated increase of 2.5% in 2022-23, driven by a drop in disposable income and consumer sentiment.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

70 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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