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 | Mar 2014

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
Annual Growth 09-14
Annual Growth 14-19
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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 Analysis Chapter

The Shoe and Footwear Manufacturing industry was in decline prior to the five years to 2014. Operators offshored much of their production activity to low-cost markets such as China, Vietnam and Indonesia; consequently, cheap imports currently account for an estimated 94.2% of domestic demand for footwear. Operational restructuring was the first 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 shoes, drastically declined, causing industry revenue to fall.

Nevertheless, an improvement in the overall condition of the economy has helped this industry make a marginal recovery over the past five years... 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 footwearWomen's footwear (except athletic)Other footwearHouse slippers
Industry Activities
Rubber and plastic footwearHouse slipper Athletic shoesBallet slipperCleated athletic shoes

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