Like many other repair industries, the Furniture and Home Furnishings Repair industry tends to perform better during economic downturns and worse during boom times. Cash-strapped consumers are more reluctant to purchase new furniture if they believe their economic prospects are poor, meaning they become more likely to have items repaired. As a result, the industry performed extremely well in the immediate aftermath of the financial crisis. However, the length of the downturn meant that people decided to sharply cut their spending on both new items and repairs.
Businesses in this industry repair a range of furniture and home furnishings, including office furniture. This can include reupholstering, refinishing and restoring.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.