Furniture Repair & Reupholstery in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS 81142Revenue
$2.0bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
26,141
Businesses
18,983
Wages
$XXX.Xm
Furniture Repair & Reupholstery in the US industry analysis
The furniture repair service has experienced a moderate decline over the previous years. Lower costs for new furniture and high costs for repair services have contributed to this shift. High disposable incomes have driven some demand for luxury repairs and new high-end purchases. Still, the pandemic inflicted significant damage overall, especially as many nonessential businesses temporarily closed. As a result of these factors, revenue has been falling over the past five years, dipping at a CAGR of 0.8%. It is expected to total $2.0 billion by 2024, with a drop of 1.4% in revenue.
Trends and Insights
- Consumers are leaning towards new furniture over repairs. With lower furniture prices and pricey repair services, people prefer buying new furniture over fixing the old.
- On-site repair services are crucial for bulky or installed household items. Since it's often impractical to haul large furniture to repair shops, providers who offer on-site repairs can better meet customer needs and build stronger relationships.
- The geographic spread of establishments in the industry closely follows population distribution. The industry is highly localized, and furniture repair and reupholstery businesses need to be close to their customers.
- With the influx of affordable, imported furniture, customers are less interested in costly and time-consuming repairs. Manufacturers produce low-quality, cheap pieces that are complicated to fix, lowering repair service demand.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $2.0bn in 2024.
Trends and Insights
Consumers have a choice between repairing or replacing furniture
- The industry has traditionally been considered countercyclical due to the lower cost of repair versus replacement. Still, the declining cost of new furniture and the expensive nature of repair services have made it more pro-cyclical.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Furniture prices will affect consumer choices to repair or repurchase
- Revenue largely depends on consumers' propensity and choices to repair furniture rather than replace it entirely. These choices will be affected by the anticipated furniture price.
Biggest companies in the Furniture Repair & Reupholstery in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Furniture Repair & Reupholstery in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Off-site commercial restoration services, Off-site household restoration services and On-site household restoration services. Off-site commercial restoration services is the largest segment of the Furniture Repair & Reupholstery in the US.
Trends and Insights
Off-site household restoration services include high-end and antique furniture
- Off-site upholstery and repair work for households usually involves armchairs, couches and sofas, which are covered or upholstered with padding and fabric. Common materials used to upholster such furnishings include silk, wool, cotton, leather and synthetic fabrics.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Appliance Repair in the US
Complementors
- Performers & Creative Artists in the US
- Car Body Shops in the US
- Shoe Repair in the US
International industries
- Household Furniture Manufacturing in Canada
- Wooden Furniture and Upholstered Seat Manufacturing in Australia
- Furniture & Home Furnishings Repair in the UK
Table of Contents
About this industry
Industry definition
This industry involves 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.
What's included in this industry?
Repairing and restoring furnitureRefinishing furnitureReupholstering furnitureCompanies
Purchase this report to view all major companies in this industry.
Related Terms
COUNTERCYCLICALREUPHOLSTERANTIQUE FURNITUREIndustry Code
NAICS 81142 - Furniture Repair & Reupholstery in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumers are leaning towards new furniture over repairs. With lower furniture prices and pricey repair services, people prefer buying new furniture over fixing the old.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
On-site repair services are crucial for bulky or installed household items. Since it's often impractical to haul large furniture to repair shops, providers who offer on-site ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The geographic spread of establishments in the industry closely follows population distribution. The industry is highly localized, and furniture repair and reupholstery busin...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
With the influx of affordable, imported furniture, customers are less interested in costly and time-consuming repairs. Manufacturers produce low-quality, cheap pieces that ar...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is fragmented and comprises small companies. The absence of a dominant player results from a diverse and decentralized market, with no single company having a si...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation within the industry is light and steady. Operators are primarily subject to standard rules regarding employees' safety and working conditions stipulated by the Occ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structures may vary significantly across operators in the industry. This depends on the types of equipment and furniture they restore, the clients they serve and how the...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Furniture Repair & Reupholstery in the US industry in United States in 2024?
The market size of the Furniture Repair & Reupholstery in the US industry in United States is $2.0bn in 2024.
How many businesses are there in the Furniture Repair & Reupholstery in the US industry in 2024?
There are 18,983 businesses in the Furniture Repair & Reupholstery in the US industry in United States, which has declined at a CAGR of 2.2 % between 2019 and 2024.
Has the Furniture Repair & Reupholstery in the US industry in United States grown or declined over the past 5 years?
The market size of the Furniture Repair & Reupholstery in the US industry in United States has been declining at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Furniture Repair & Reupholstery in the US industry in United States over the next 5 years?
Over the next five years, the Furniture Repair & Reupholstery in the US industry in United States is expected to decline.
What does the Furniture Repair & Reupholstery in the US in United States include?
Repairing and restoring furniture and Refinishing furniture are part of the Furniture Repair & Reupholstery in the US industry.
How competitive is the Furniture Repair & Reupholstery in the US industry in United States?
The level of competition is high and increasing in the Furniture Repair & Reupholstery in the US industry in United States.
