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Shoe & Footwear Manufacturing in the US: Market Research Report

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

Shoe & Footwear Manufacturing Market Research Report | NAICS 31621 | Apr 2015

Stepping down: Import penetration will stifle demand, forcing operators to change strategies

IBISWorld’s Shoe & Footwear Manufacturing 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
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 10-15
1.4%
Annual Growth 15-20
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Profit
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Employment
12,667
Businesses
919
Industry Analysis & Industry Trends

The Shoe and Footwear Manufacturing industry has fought to climb out of the recession after incurring devastating losses in 2009. While revenue growth has remained volatile, IBISWorld expects the industry to continue on a positive trajectory over the five years to 2015. Revenue is expected to grow over the period as a whole. However, IBISWorld expects industry revenue to decline over the five years to 2020. The increasing value of imports and a significant decrease in exports will fuel this decline... purchase to read more

Industry Report - Industry Analysis Chapter

The Shoe and Footwear Manufacturing industry was in decline prior to the five years to 2015. Operators offshored much of their production activity to low-cost markets such as China, Vietnam and Indonesia during the period. Consequently, imports currently account for an estimated 94.2% of domestic demand for footwear. Operational restructuring was the first big blow to the industry, while the recession exacerbated negative trends. Skyrocketing unemployment caused incomes to decrease and consumer sentiment plummeted. As a result, demand for discretionary products, such as domestically manufactured and relatively high-priced shoes, drastically declined. This caused industry revenue to fall... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Shoe & Footwear Manufacturing Industry?

This industry manufactures footwear for men, women and children. They may manufacture rubber and plastic footwear, protective footwear, house slippers and slipper socks. Operators also manufacture men's or women's footwear designed for casual, formal and work environments. These products also include men's or women's shoes with rubber or plastic soles and leather or vinyl uppers.

Industry Products
Men's footwear (except athletic) Rubber and plastic footwear including athletic footwearWomen's footwear (except athletic)Other footwearHouse slippers
 
Industry Activities
Rubber and plastic footwearHouse slipper Athletic shoesBallet slipperCleated athletic shoes


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