Industry Analysis & Industry Trends
Early in the past five years, the US dollar was weak and contributed to industry revenue growth by making domestically produced goods relatively cheaper than imports. Nonetheless, low-cost suppliers in China and Vietnam can deliver leather boots at lower prices than local firms, making domestic goods less attractive to consumers. As a result, companies have shifted toward designing and marketing activities, while contracting production to third parties or opening up their own facilities abroad. More efficient production facilities will help companies compete based on price as import penetration and input costs rise over the coming years.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Leather Boot Manufacturing industry is considered to have a medium level of concentration. The three largest firms account for an estimated 61.4% of industry revenue. The highly competitive nature of this industry, along with increasing levels of competing imports, offshoring and outsourcing, will continue to place pressure on participants to close or merge operations to maintain profitability.
The level of concentration reflects a market that has a mix of small and large industry operators. The majority of domestic manufacturers have largely abandoned production activities in favor of higher income activities such as marketing and selling their products. Thus, as many industry operators are currently vertically integrated, the focus has been shifted away from manufacturing... purchase to read more