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 SWOT Analysis Chapter
The US Shoe and Footwear Manufacturing industry is in decline, most notably defined by its diminishing contribution to the domestic economy (measured through industry value added). Over the 10 years to 2020, IBISWorld forecasts that industry value added (IVA) will grow at a mere 0.3% per year. Meanwhile, US gross domestic product (GDP) is anticipated to grow at an average rate of 2.2% per year. This stagnation in IVA is the result of strong price competition from low-cost importers. Companies have not been able to sustain profit margins or operations, sending the industry into a state of decline.
The number of footwear manufacturing facilities is also projected to decline from 953 in 2015 to 904 by 2020, representing an average annual fall of 1.1% over the five-year period... purchase to read more