A raw time: As the US dollar appreciated, exports declined and hindered industry revenue growth

Over the five years to 2017, industry revenue is expected to increase slightly. While improved economic conditions have driven downstream demand from the automotive market, the industry has continued to be adversely affected by import competition. The industry will also face increased competition from substitute products such as faux leather. As the US dollar is expected to improve, high import levels will persist and exports will continue to decline. As a result, industry revenue is anticipated to decline over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Despite increased demand from the automotive market, the industry has been adversely affected by import competition
  • The domestic footwear and apparel manufacturing industries have continued to decline over the past five years
  • The US dollar is projected to remain strong over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Leather Tanning and Finishing industry as a whole is characterized by a low level of market share concentration, and it is primarily composed of small, nonemploying operators. The industry has struggled to compete with significantly high import penetration over the past decade, with imports supplying as much as 96.8% of domestic demand in 2013, and operators have continuously downsized to maintain profit margins. Industry players tend to serve local and regional markets or specific downstream industries. For example, the industry's largest player, Eagle Ottawa LLC, which was recently acquired by The Lear Corporation, exclusively produces leather for automobiles, while SB Foot Tanning predominantly produces leather for the footwear industry. Dri...purchase to read more.

    Additional Insights for the Leather Tanning & Finishing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Leather Tanning & Finishing Industry are

  • Production of goods currently favored by the market
  • Ability to control stock on hand
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and New car sales in the Leather Tanning & Finishing industry impact industry performance..

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    What's in this report

    What is the Leather Tanning & Finishing Industry?

    Companies in this industry are involved in the following activities: tanning, currying and finishing hides and skins; having others process hides and skins on a contract basis; and dyeing and finishing furs. Operators in this industry generally purchase or obtain raw skins from slaughterhouses and treat and dye them to create finished leather.

    Industry Products
  • Upper leather (including patent)
  • Wet blues (unfinished)
  • Upholstery leather
  • Garment leather
  • Contract or commission leather
  • Calf, sheep and other animal leather
  • Sole and accessories leather
  • Other (including furs)
  • Industry Activities
  • Tanning hides and skins
  • Currying hides and skins
  • Finishing hides and skins
  • Dyeing furs
  • Finishing furs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • New car sales
  • Trade-weighted index
  • Demand from shoe and footwear manufacturing
  • Private spending on home improvements

  • Current Performance
  • Downstream demand slowly rebounds
  • International trade
  • Competition from substitutes
  • Chart: Revenue Growth

  • Industry Outlook
  • Stagnant exports
  • Rising competition from imports and substitutes
  • Contracting downstream demand
  • Investment to maintain profitability
  • Table: Leather Tanning & Finishing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Leather Tanning & Finishing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Costume & Team Uniform Manufacturing
  • Shoe & Footwear Manufacturing
  • Leather Good & Luggage Manufacturing
  • Automobile Interior Manufacturing
  • Household Furniture Manufacturing
  • Athletic & Sporting Goods Manufacturing
  • Gym & Exercise Equipment Manufacturing

  • Key Selling Industries
  • Chemical Product Manufacturing
  • Dye & Pigment Manufacturing
  • Meat, Beef & Poultry Processing

  • Products & Services
  • Wet blues (unfinished)
  • Upper leather (including patent)
  • Upholstery leather
  • Garment leather
  • Other (including furs)
  • Calf, sheep and other animal leather
  • Contract or commission leather
  • Sole and accessories leather
  • Chart: Leather Tanning & Finishing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports - Other
  • Exports - Mexico
  • Apparel, footwear and accessories manufacturing
  • Exports - China
  • Furniture, automobile and aircraft seating manufacturing
  • Other
  • Chart: Major Market Segmentation for the Leather Tanning & Finishing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Leather Tanning & Finishing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Leather Tanning & Finishing Industry

  • Industry Globalization
    Lear Corporation,
  • Table: Lear Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Leather Tanning & Finishing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Leather Tanning & Finishing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • New Car Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Process of preparing leather for boots, shoes and other products that involves scraping, beating, smoothing and coloring leather.
  • Finishing
  • Process of applying a finishing material to the leather's surface. This represents the final stage of leather processing.
  • Leather Tanning
  • Process of making leather from rawhide.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • What Our Customers Say

    Why buy this report?

    The Leather Tanning & Finishing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Leather Tanning & Finishing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Leather Tanning & Finishing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Leather Tanning & Finishing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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