Worn out: Competition from low-priced furniture will increasingly hinder demand for repairs

The Furniture Repair and Reupholstery industry is composed of establishments that reupholster, refinish, repair and restore office, home and antique furniture. As with many other players in the repair sector, industry demand is generally countercyclical. During times of economic distress, cash-strapped consumers and businesses favor repairing furniture over replacing it. When the economy expands and disposable income levels rise, households and businesses are more compelled to purchase new furniture rather than repair existing items...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
32,743
Businesses
23,758
Market Share of Companies
There are no companies with a dominant market share in this industry
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Industry Threats & Opportunities

  • Growth in per capita disposable income and consumer confidence will likely bolster new furniture sales, hindering industry growth
  • Overall decline in furniture prices caused demand for industry services to decline
  • Lower-priced furniture will continue to lure customers away from repair services
  • Industry Report - Industry Locations Chapter

    The geographic spread of establishments in this industry closely follows that of the population. The industry is highly localized and furniture repair and reupholstery businesses need to be located close to their customers, since they work either at the customer's location or the customers must bring the furniture into their store.The Southeast region of the United States contains 27.0% of repair and reupholstery businesses; the largest share of any region. This falls in line with the region's 25.7% population concentration. The West accounts for the second largest share of industry establishments, at 17.1%. Again, this essentially mirrors the region's 17.2% population share. In addition, the Western region of the United States includes California, which alone houses 11.4% o...purchase to read more.

    Additional Insights for the Furniture Repair & Reupholstery Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Furniture Repair & Reupholstery Industry are

  • Proximity to key markets
  • Prompt delivery to market
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Households earning more than $100,000 and Homeownership rate in the Furniture Repair & Reupholstery industry impact industry performance..

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    What is the Furniture Repair & Reupholstery Industry?

    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.

    Industry Products
  • Office and institutional furniture repair
  • Upholstery repair of household furniture
  • Wooden household furniture repair
  • Other furniture repair services
  • Industry Activities
  • Repairing and restoring furniture
  • Refinishing furniture
  • Reupholstering furniture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Households earning more than $100,000
  • Homeownership rate
  • Office rental vacancy
  • Per capita disposable income
  • Private spending on home improvements

  • Current Performance
  • Recovery in commercial markets
  • Repair or replace
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • New furniture replaces demand
  • Industry landscape
  • Table: Furniture Repair & Reupholstery Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture Repair & Reupholstery Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture Stores
  • Home Furnishings Stores
  • Department Stores
  • Insurance Brokers & Agencies
  • Consumers

  • Key Selling Industries
  • Lumber Wholesaling
  • Paint Wholesaling
  • Plastics Wholesaling
  • Synthetic Fiber Manufacturing
  • Textile Mills

  • Products & Services
  • Office and institutional furniture repair
  • Upholstery repair of household furniture
  • Wooden household furniture repair
  • Other furniture repair services
  • Chart: Furniture Repair & Reupholstery Industry Products and Services Segmentation

  • Demand Determinants
  • General economic conditions
  • Cost of furniture
  • Household trends
  • Business environment

  • Major Markets
  • Households
  • Businesses
  • Government
  • Chart: Major Market Segmentation for the Furniture Repair & Reupholstery Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Furniture Repair & Reupholstery

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture Repair & Reupholstery Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture Repair & Reupholstery Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Furniture Repair & Reupholstery Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of furniture (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Antique Furniture
  • The definitions of antiques vary, but it generally includes items that are valuable due to rarity reasons.
  • Countercyclical
  • Demand for goods that increases during stages of economic distress but decreases during states of economic expansion
  • Reupholster
  • The process of fitting furniture such as chairs or sofas with a new fabric covering.
  • Why buy this report?

    The Furniture Repair & Reupholstery industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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 Furniture Repair & Reupholstery:
    • 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 Furniture Repair & Reupholstery 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 Furniture Repair & Reupholstery, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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