Industry Analysis & Industry Trends
The global recession caused consumer spending on a wide range of products, including footwear, to weaken in 2009. Spending is expected to be moderate in 2011, as industry revenue for the Global Footwear Manufacturing industry increases by 2.2% in the current year to total $132.1 billion, up from $118.5 billion in 2006 (constant 2011 dollars). This represents annualized growth of 2.2% in the past five years. As consumer spending power in the United States, Europe and other parts of the world steadies, demand for basic, non-discretionary footwear will continue to remain low. Over the five years through 2016, industry revenue is forecast to increase at an average annualized rate of 2.1% to a total $146.5 billion... read more
Industry Analysis
In the five years through 2011, the Global Footwear Manufacturing Industry is expected to grow steadily. Most consumers in the world require footwear for practical reasons, and it is a product used by the majority of people around the world. As the global population continues to increase, so too does footwear demand. Revenue is expected to rise from $118.5 billion in 2006 to an estimated $132.1 billion in 2011 (constant 2011 dollars). This represents annualized growth of 2.2% over the past five years.
The past five years for this industry have been characterized by rising international trade levels due to several factors, including reductions in barrier protection, changing consumer preferences and the further internationalization of capital and workforces... read more