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Footwear Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C152 March 2024 Factsheet

Revenue

€28.5m

2019-2024 0.1 %
2024-2029 X.X %

Employees

152

2019-2024 1.5 %
2024-2029 X.X %

Businesses

23

2019-2024 8.1 %
2024-2029 X.X %

Wages

€X.Xm

2019-2024 X.X %
2024-2029 X.X %

Footwear Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#26 In Europe
Business
#27 In Europe
Employees
#26 In Europe
Wages
#28 In Europe

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The European Footwear Manufacturing industry is renowned. Shoes made in Europe are considered of high, durable quality, with manufacturers often tapping into the luxury market, where they can charge premium prices. Italy, for example, is seen globally as a country producing footwear of stand-out quality. The COVID-19 outbreak and severe inflationary pressures have disrupted manufacturing operations, hindering industry performance. Revenue is expected to drop at a compound annual rate of 4.7% to €34.5 billion over the five years through 2024, including a 2.9% contraction in the current year.

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Enterprises
Number of businesses in 2024

Biggest companies in the Footwear Manufacturing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Birkenstock Holding plc
1,380.1
385.1
27.9
Bata Corporation
6,678.0
795.6
11.9
IMAC SpA
306.1
21.9
7.1

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Top Questions Answered in this Report

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What is the market size of the Footwear Manufacturing industry in Belgium in 2024?

The market size of the Footwear Manufacturing industry in Belgium is €28.5m in 2024.

How many businesses are there in the Footwear Manufacturing in Belgium industry in 2024?

There are 23 businesses in the Footwear Manufacturing industry in Belgium, which has declined at a CAGR of 8.1 % between 2019 and 2024.

Has the Footwear Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Footwear Manufacturing industry in Belgium has been growing at a CAGR of 0.1 % between 2019 and 2024.

What is the forecast growth of the Footwear Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Footwear Manufacturing industry in Belgium is expected to grow.

What are the biggest companies in the Footwear Manufacturing market in Belgium?

The biggest companies operating in the Footwear Manufacturing market in Belgium are Birkenstock Holding plc, Bata Corporation and IMAC SpA

What does the Footwear Manufacturing in Belgium include?

Women's footwear with leather uppers and Men's footwear with leather uppers are part of the Footwear Manufacturing industry.

Which companies have the highest market share in the Footwear Manufacturing in Belgium?

The company holding the most market share in Belgium is Birkenstock Holding plc.

How competitive is the Footwear Manufacturing industry in Belgium?

The level of competition is moderate and steady in the Footwear Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Operators in the industry manufacture various types of footwear from leather and other materials. The industry also includes the production of footwear parts, including uppers and parts of uppers, outer and inner soles and heels. Companies also manufacture gaiters, leggings and similar articles.

Related Terms

UppersLeather ShoesGaitersOffshoring

What's included in this industry?

Women's footwear with leather uppersMen's footwear with leather uppersChildren's footwear with leather uppersShoe partsSports shoesSafety shoesOther products

Companies

Birkenstock Holding plcBata CorporationIMAC SpA

Industry Code

ISIC 2006

152 - Manufacture of footwear in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Footwear Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Footwear Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Footwear Manufacturing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Footwear Manufacturing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Online orders are transforming Europe's footwear industry. As digital shopping continues to grow and consumers enjoy the convenience, manufacturers must adjust, offering special features like customisation and virtual fitting tools.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Footwear Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Footwear Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Footwear Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Brand recognition largely drives market concentration in European footwear. Successful manufacturers leverage quality, innovative design and robust marketing strategies to reinforce their brand image, gaining a competitive advantage.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Footwear Manufacturing in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Footwear manufacturing in Europe is heavily regulated. Policies around quality, safety and sustainability shape the sector, ensuring manufacturers meet high standards and promote ethical, green practices.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Footwear Manufacturing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

European shoemakers wrestle with rising raw material costs. This increase is due to global trade issues, stricter environmental regulations and notable inflation rates driving up expenses for manufacturers.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Footwear Manufacturing in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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