The range of services offered by the industry may be broadly segmented into clothing repair and footwear repair. Based on IBISWorld estimates, footwear repair is regarded as the larger of these two segments.
However, the clothing repair segment has grown significantly over the past five years. This has primarily stemmed from the overall trading landscape across the domestic economy following the downturn from the global financial crisis and the shift in consumer spending patterns and attitudes towards repairing footwear and clothing.
There are no major players in this industry.
Consumer demand for clothing and footwear repairs is expected to remain strong over the five years through 2017-18, with industry sales projected to rise by an annualised 2.9%. It is anticipated that demand will be driven by the solid reputation established between operator and customer during the previous five years.
Factors such as quality workmanship or craftsmanship, timely completion of repairs and specialised service are expected to fuel the continued use of clothing and footwear repair services during this period. The trading landscape for industry operators is also projected to be driven by trends in disposable income, consumer sentiment, interest rates and population growth rates.
To purchase IBISWorld’s full, 32-page report on the footwear repair industry, click here.
