Home sweet home: The weak pound makes repairs cheaper than imported replacements

The Furniture and Home Furnishings Repair industry is composed of establishments that reupholster, refinish, repair and restore office, home and antique furniture. Like many other repair industries, demand for the bulk of industry services tends to be counter-cyclical. However, demand for high-value repairs tends to improve in line with an improving economy. Improving economic conditions over the beginning of the period led to an increasing number of consumers opting for having their furniture products replaced instead of repaired, which decreased demand for industry services. It also resulted in more consumers purchasing high-end furniture. As it is often more cost-effective to have expensive furniture repaired, this supported future demand for industry services...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Emerging trends have fuelled a renewed interest in furniture repair services
  • External competition remains a prominent threat to industry operators
  • The pound is projected to remain weak over the next few years, limiting external competition
  • Industry Report - Industry SWOT Analysis Chapter

    The Furniture and Home Furnishings Repair industry is the mature stage of its life cycle. Industry value added, which measures the industry’s contribution to the overall economy, is estimated to increase at a compound annual rate of 6.3% over the 10 years through 2023-24. The UK economy is expected to expand at a compound annual rate of 1.7% during the same period, meaning the industry’s share of the economy is growing. Nevertheless, the industry is classified as in the mature stage of its life cycle because services are an established segment of the UK economy. The industry has performed well over the past five years and is expected to continue to grow as consumers demand repair services for valuable furniture. Gre...purchase to read more.

    Additional Insights for the Furniture & Home Furnishings Repair Industry

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

  • Proximity to key markets
  • Access to a highly skilled workforce
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Capital expenditure on dwellings and Real effective exchange rate in the Furniture & Home Furnishings Repair industry impact industry performance..

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    What's in this report

    What is the Furniture & Home Furnishings Repair Industry?

    Businesses in this industry repair a range of furniture and home furnishings, including office furniture. This can include reupholstering, refinishing and restoring.

    Industry Products
  • Bed and seating repair
  • Storage furniture and surface repair
  • Decorative furnishing repair
  • Textile furnishing repair
  • Industry Activities
  • Reupholstering furniture
  • Refinishing furniture and furnishings
  • Repairing furniture and furnishings
  • Restoring furniture and furnishings
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Capital expenditure on dwellings
  • Real effective exchange rate
  • Consumer confidence index
  • Demand from online home furnishing retailing

  • Current Performance
  • Home comforts
  • Turning the tables
  • Vintage trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Referendum effects
  • Antiquated market
  • Competitive pressures
  • Table: Furniture & Home Furnishings Repair Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Department Stores
  • General Insurance
  • Primary Education
  • Consumers

  • Key Selling Industries
  • Hardware & Home Improvement Stores
  • Textile Wholesaling
  • Veneer Sheet & Wood-Based Panel Manufacturing

  • Products & Services
  • Bed and seating repair
  • Storage furniture and surface repair
  • Decorative furnishing repair
  • Textile furnishing repair
  • Chart: Furniture & Home Furnishings Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Businesses
  • Institutions
  • Chart: Major Market Segmentation for the Furniture & Home Furnishings Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Furniture & Home Furnishings Repair

  • Basis of Competition
    Internal competition External competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture & Home Furnishings Repair Industry

  • Industry Globalization
    ServiceMaster Limited,
  • Table: ServiceMaster Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture & Home Furnishings Repair 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 & Home Furnishings Repair Industry
  • 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
    French Polishing
  • A technique that uses polishing and layers of shellac to impart a high gloss to wooden furniture.
  • Restoration
  • When furniture is returned to its original condition in a way that preserves its integrity and monetary value.
  • Upcycle
  • The process of converting old or discarded materials into objects of value.
  • Upholstery
  • A soft textile covering that is added to furniture, particularly chairs.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Furniture & Home Furnishings Repair market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

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