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 - Starting a New Business Chapter
The Leather Boot Manufacturing industry has a medium level of entry barriers. Starting up a basic, small-scale manufacturing operation does not require excessive capital investment, which keeps barriers relatively low. Nevertheless, high costs associated with establishing brand names, as well as competition from existing brands like Lucchese and Belleville can deter potential entrants.
Customer loyalty to branded products challenges new entrants, as small manufacturers often have difficulty in obtaining accounts from downstream retailers and wholesalers. This further heightens advertising costs aimed at maintaining brand awareness, as well as research and development costs associated with establishing and promoting new products... purchase to read more