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

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    Report

  • 37 Pages
  • June 2022
  • Region: United States
  • IBISWorld
  • ID: 239748

Holding up: Renewed growth in per capita disposable income is expected to bolster new furniture sales

The Furniture Repair and Reupholstery industry is composed of establishments that reupholster, refinish, repair and restore office, home and antique furniture. Like many other industries involved with repairs, this industry experiences generally countercyclical demand. 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. However, as the US economy has experienced strong growth over the five years to 2019, industry operators were able to capitalize on positive macroeconomic conditions and the recent trendiness of “upcycling,” or repurposing old furniture as a means of saving money, profiting or aiding the environment. Over the five years to 2024, however, the economy is expected to continue expanding, while the industry will likely return to its countercyclical nature and experience decline.

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

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Whirlpool Corp
  • Haier Group Corporation
  • Electrolux AB
  • Robert Bosch GmbH

Methodology

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