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Footwear & Leather Goods Repair in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Footwear & Leather Goods Repair Market Research Report | SIC S95.230 | Mar 2017

Revenue repair: Low consumer confidence is expected to support the industry in the short term

The Footwear & Leather Goods Repair market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Timpson Group plc Timpson Group plc market share
Industry Statistics & Market Size
Revenue
£66m
Annual Growth 12-17
-1.0%
Annual Growth 17-22
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Profit
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Employment
1,505
Businesses
500
Industry Analysis & Industry Trends

Over the past five years, the Footwear and Leather Goods Repair industry has struggled. An improving economy and rising level of imports have led to consumers opting for replacements over repairs. The increasing availability of cheap and imitation leather products has also supported the replacement trend. Nevertheless, as disposable income has risen, the potential market for high-value repairs has expanded, which has limited revenue decline. This has provided valuable, albeit limited, opportunities for participants specialising in the repair of high-value goods. Over the five years through 2016-17, revenue is forecast to contract at a compound annual rate of 1%, reaching £66 million.

In 2016-17, the industry is projected to grow... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Footwear and Leather Goods Repair industry is in the decline stage of its life cycle. Industry value added, which measures the industry's contribution to the overall economy, is forecast to decline at a compound annual rate of 2.7% over the 10 years through 2021-22, while UK GDP is projected to increase at a compound annual rate of 2.3% over the same period, indicating that the industry is expected to account for a declining share of the overall economy.

The growing replacement trend can account for the industry's decline over the past decade. Increased price competition and increasing numbers of imports of low-cost footwear and leather goods have supported the trend of replacement over repairs, hampering industry revenue. Wit.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Footwear & Leather Goods Repair Industry?

Business in this industry repair footwear and other leather or leather-like goods, such as handbags and briefcases.

Industry Products
Other footwear repairLeather footwear repairOther leather goods repair
 
Industry Activities
Repairing shoesRepairing leather goods


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