Industry Analysis & Industry Trends
The Foot Care Product Manufacturing industry in the United States is characterized by a diverse, fragmented set of companies producing a wide range of products intended for the treatment or prevention of foot conditions. The industry has experienced growing demand thanks to the medically necessary nature of several industry products, however, competition from overseas manufacturing is a constant threat. This increasing competition is expected to reverse the growth trend in average industry profit margins in coming years, due to the twin pressures of price competition and increased spending on labor to pursue new product development.... purchase to read more
Industry Report - Industry Investment Chapter
The Foot Care Product Manufacturing industry has a moderate level of capital intensity, measured as the ratio of depreciation (as a proxy for capital expenditure) to industry labor costs. For every dollar that the average industry firm spends on labor in 2014, an estimated $0.26 will be invested in capital expenditures, such as production line equipment. Capital intensity has risen slightly in recent years, as large industry operators who can afford to invest in new equipment have increasingly turned to automation technology to reduce their dependence on production line labor. This, in turn, has decreased industry labor costs, as fewer workers are needed for production line operation.
However, the industry is still largely dependent on human labor... purchase to read more