Stepping down: Import penetration will stifle demand, forcing operators to change strategies
The Shoe & Footwear Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
Industry Analysis & Industry Trends
Over the next five years, operators in the Shoe and Footwear Manufacturing industry will continue to feel the heat from imports. Shoe manufacturers are increasingly offshoring their production to lower-cost countries, and cheap imports will satisfy a growing proportion of domestic demand. As a result, any gains in revenue will be marginal. To stay afloat, operators will establish their presence in niche markets and continue to consolidate operations... purchase to read more
Industry Report - Industry Products Chapter
Men's footwear (excluding athletic shoes) makes up the largest segment, with 55.2% of the industry's revenue. This is down from about 57.4% in 2009. The decline in this segment has been slower than in others mainly because the men's footwear market is not as saturated as other segments. Slower changes in the style of men's shoes allow existing machinery, equipment and inputs to be used each year. This is unlike women's shoes, which regularly change in style and open new doors for foreign firms to start expanding operations. Men's footwear makes up only about 14.0% of total consumer footwear sales, indicating that the level of men's footwear imports is lower than that of other downstream footwear segments... purchase to read more
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.
Men's footwear (except athletic) Rubber and plastic footwearWomen's footwear (except athletic)Other footwearHouse slippers
Rubber and plastic footwearHouse slipper Athletic shoesBallet slipperCleated athletic shoes