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Shoe Repair in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Shoe Repair Market Research Report | NAICS 81143 | Apr 2014

Walking small: As consumer sentiment rises, purchases of new shoes will overtake repairs of old ones

IBISWorld’s Shoe 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$310m
Annual Growth 09-14
-1.5%
Annual Growth 14-19
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Profit
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Employment
5,843
Businesses
4,368
Industry Analysis & Industry Trends

Because the Shoe Repair industry is generally countercyclical, business performed well during the recession as people opted to repair their shoes instead of buy new ones. This trend is expected to hold through 2014; however, as the economy continues to strengthen, consumers will return to buying new shoes, especially as the average price of shoes continues to decline. Fast-fashion trends and low-priced imports will also hamper demand for repairs. In response, shops will focus on high-income customers with high-end shoes... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Shoe Repair industry is in the declining stage of its life cycle. Industry value-added (IVA), which measures the industry's contribution to the economy, is projected to fall at an annualized rate of 1.6% over the ten years to 2019. In contrast, GDP is expected to grow 2.7% per year on average during the period. Other characteristics that firmly establish this industry in the declining life cycle stage include falling per capita consumption, a steady decrease in the number of industry operators and low technological development.

The proliferation of fast fashion and low-cost imported shoes has reduced per capita consumption of shoe repair services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shoe Repair Industry?

Companies in this industry repair footwear and other leather or leather-like goods, such as handbags, briefcases and saddlery. Companies that retail leather goods and also provide repair services are not included in this industry; these retailers are included in the Handbag, Luggage and Accessory Stores industry (IBISWorld report 44833).

Industry Products
Bag and luggage repairFull resolingHeel repairShoe upper repairMerchandise salesLeather garment repair
 
Industry Activities
Boot and shoe repairLuggage and bag repairHarness and saddlery repairLeather goods repair


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