Overview

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

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.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Products Chapter

    Wet blues (unfinished)

    Wet blues, or unfinished leather hides, account for 27.9% of revenue in 2017, making up the largest product segment. Animal skins are washed, limed, fleshed, de-haired and pickled in the wet blue process before being sent to the tannery for stabilizing and tanning. From the tannery, leather skins require finishing, such as dyeing and surface treatment. In recent years, major tanneries and finishing companies became vertically integrated. By vertically integrating, enterprises were able to focus on producing more final products rather than intermediate products because they had the resources to do so. Therefore, this segment declined as a share of revenue during the past five years.

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Lear Corporation
  • Table: Lear Corporation - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Leather Tanning & Finishing Industry
    Includes:
  • 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
    Jargon & Glossary
    Currying
  • 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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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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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