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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 | May 2013

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

IBISWorld’s Shoe Repair market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$330m
Annual Growth 08-13
-0.2%
Annual Growth 13-18
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Profit
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Employment
6,091
Businesses
4,617
Industry Analysis & Industry Trends

Industry in repair

Because this industry is generally countercyclical, business went up during the recession as people opted to repair their shoes instead of buying new ones. This trend is expected to hold through 2012; however, as the economy recovers, people 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 phase of its life cycle. Industry value-added (IVA), which measures the industry's contribution to the economy, is projected to drop at an annualized rate of 2.0% from 2008 to 2018. In contrast, GDP is expected to grow 2.1% per year on average during the period.

Despite an anomalous post-recessionary boost, the industry has not fared well and is not expected to do better in the future. Demand for industry services is expected to continue to drop through 2018 due to the increasing penetration of low-cost imported shoes and consumer tastes for fast fashion. As a result, the number of industry establishments is expected to decline at an annualized rate 1.2% during the ten years to 2018... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shoe Repair Industry?

Companies within 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 (those establishments 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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