Fixer upper: Uncertainty is anticipated to support growth as consumers opt for repairs

The Footwear and Leather Goods Repair industry is composed of establishments that repair or restore footwear, handbags and other leather goods. For decades, low-cost imported shoes and a fast-fashion culture 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 incomes have risen, the potential market for high-value repairs has expanded, which has supported revenue growth. This has provided valuable opportunities for participants specialising in the repair of high-value goods. Over the five years through 2017-18, revenue is forecast to grow at a compound annual rate of 2.7%, reaching £79.3 more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The relative price of imported inputs such as leather and rubber is expected to rise
  • Smaller-scale industry operators may lack the financial means to diversify operations
  • Uncertainty due to ongoing EU exit negotiations is anticipated to support a trend for repairs
  • Industry Report - Industry Investment Chapter

    The Footwear and Leather Goods Repair industry has a low level of capital intensity. In 2017-18, the industry’s capital-to-labour ratio is estimated to be 1:12.31, indicating that for every £1.00 spent on capital, £12.31 is spent on labour. Operators within the industry are reliant on the skill of their workers. There is a low level of technological change within the industry as a large proportion of repairs are carried out by hand.The variety of products that need to be repaired and the delicate nature of repairing damaged items means that the industry’s services are difficult to automate, which limits the scope of capital investment. However, equipment is still essential to some repair processes, ranging from shoe stretchers to heel trimmers and hydraulic presses...purchase to read more.

    Additional Insights for the Footwear & Leather Goods Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Footwear & Leather Goods Repair Industry are

  • Accessibility to consumers/users
  • Access to highly skilled workforce
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Expenditure by household income- highest quintile in the Footwear & Leather Goods Repair industry impact industry performance..

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    What's in this report

    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 repair
  • Leather footwear repair
  • Other leather goods repair
  • Industry Activities
  • Repairing shoes
  • Repairing leather goods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Expenditure by household income- highest quintile
  • Value of goods imports
  • World price of rubber

  • Current Performance
  • Demand conditions
  • Best foot forward
  • Big shoes to fill
  • Chart: Revenue Growth

  • Industry Outlook
  • Referendum effect
  • Supporting growth
  • Table: Footwear & Leather Goods Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Footwear & Leather Goods Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Footwear Manufacturing
  • Luggage & Handbag Manufacturing
  • Textile Weaving & Finishing

  • Products & Services
  • Leather footwear repair
  • Other footwear repair
  • Other leather goods repair
  • Chart: Footwear & Leather Goods Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Highest income quintile
  • Fourth income quintile
  • Third income quintile
  • Second income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Footwear & Leather Goods Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Footwear & Leather Goods Repair

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Footwear & Leather Goods Repair Industry

  • Industry Globalization
    Timpson Ltd,
  • Table: Timpson Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Footwear & Leather Goods 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 Footwear & Leather Goods Repair Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • An individual or enterprise that specialises in footwear repair.
  • Finishing Machine
  • A machine that shines, sands, trims and buffs shoes.
  • Supermarket Pods
  • Small retail spaces in supermarkets, often near the entrance or exit, that are designed to take advantage of the high footfall.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Footwear & Leather Goods Repair market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
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    This report on Footwear & Leather Goods 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 Footwear & Leather Goods 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 Footwear & Leather Goods Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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