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Furniture Repair & Reupholstery in the US - Industry Market Research Report

Publisher IBISWorld
Published Jun 25, 2024
Length 72 Pages
SKU # IBSS19023170

Description

Furniture Repair & Reupholstery in the US - Industry Market Research Report


Furniture Repair & Reupholstery in the US

The Furniture Repair and Reupholstery industry comprises businesses that reupholster, refinish, repair and restore furniture. This industry has experienced a moderate decline over the years to 2023. Prior to 2020, the industry was threatened by falling furniture prices, which frequently made furniture more expensive to repair than to replace. Then, in 2020, the COVID-19 pandemic caused a recession, leading industry revenue to fall. In the last few years, in unison with a faltering economy, industry revenue declined fueled by a fall in renewed demand. As a result of these factors, revenue has been falling over the past five years, decreasing at a CAGR of 1.9% to reach an estimated $2.0 billion in 2023. This includes a gain of 1.4% in 2023 alone.

This industry is involved in reupholstering, refinishing, repairing and restoring furniture. Participants offer on-site and in-store furniture reupholstery and repair services. Automotive vehicle upholstery repair services and the restoration of museum pieces are not included in this industry.

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

72 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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