Industry Analysis & Industry Trends
Shoe & Footwear Manufacturing Industry revenue has increased every year since 2010 and is expected to continue growing in 2014. The industry's recovery was aided by improving downstream demand, a slowdown in import penetration into the manufacturing sector and significant decreases in the price of rubber, which rose a staggeringly in 2011. Over this period, a tremendous increase in exports spurred revenue growth. New legislation is being proposed that could possibly benefit the industry greatly. IBISWorld expects industry revenue to decline over the five years to 2019. The increasing value of imports and a significant decrease in exports in the latter part of the five-year period will fuel this decline... purchase to read more
Industry Report - Industry Locations Chapter
Footwear manufacturers that locate in the New England region of the country greatly benefit from economies of scale. While only 12.6% of establishments set up shop here, they bring in 19.4% of total industry revenue. This disparity signifies the region's proximity to international trade ports and access to low-cost inputs. Similarly, footwear factories established in the Great Lakes region can take advantage of scale economies - the area holds only 9.0% of all locations, but brings in 16.6% of revenue. Chicago has historically been a hub for transportation around the country, so manufacturers that set up shop in the state benefit from low transportation costs.
On the other hand, the manufacturers in the West incur higher costs on average... purchase to read more