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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 | Dec 2015

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

IBISWorld’s Shoe & Footwear Manufacturing 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
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
12,646
Businesses
931
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

 


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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