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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Starting a New Business Chapter

Barriers to entry in this declining industry are low, which is indicated in part by the fact that about 79.0% of industry establishments are run by sole proprietors. At the minimum, expenses required to start a new shoe repair shop include shop space, basic hand tools (e.g., hammers, knives, punches, needles and scissors) and craft-specific power tools (e.g., outsole stitchers, sole presses, sewing machines, sanders, polishing units, stretchers and heel attaching machines). The Shoe Service Institute of America (SSIA) estimates that these startup costs run between $25,000 and $60,000 depending on machinery choices, and whether machinery is obtained in used or new condition... 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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