Stepping down: Operators will continue to struggle to compete with their overseas counterparts

The Shoe and Footwear Manufacturing industry has contracted over the five years to 2018. Despite improving downstream demand conditions, the industry has suffered from increasingly high import penetration and falling exports, both of which have been influenced by the US dollar's appreciation during the period. Over the five years to 2023, two potential developments could positively affect industry revenue. However, based on current trends, IBISWorld expects industry revenue to decline at a decelerated annualized rate....purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Footwear imports have remained a dominant portion of domestic demand
  • Industry employment has been threatened by intense outsourcing
  • The United States has formally withdrawn from the Trans-Pacific Partnership
  • Industry Report - Industry Investment Chapter

    Shoe manufacturers operating within this industry are expected to spend $0.05 on capital for every $1.00 they spend on labor in 2018. This ratio indicates a low level of capital intensity. As some major companies anticipate and prepare for the Pentagon's rollout and full implementation of the Berry Amendment to the industry, a slight increase in depreciation costs and upgrades to existing infrastructure is expected to occur over the next five years. Nevertheless, capital intensity is expected to remain low to moderate during the period. This is primarily due to the fact that footwear manufacturing is largely a labor-intensive process...purchase to read more.

    Additional Insights for the Shoe & Footwear Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Shoe & Footwear Manufacturing Industry are

  • Establishment of brand names
  • Economies of scope
  • Ability to alter goods and services produced in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Import penetration into the manufacturing sector and Trade-weighted index in the Shoe & Footwear Manufacturing industry impact industry performance..

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    What's in this report

    What is the Shoe & Footwear Manufacturing Industry?

    This industry manufactures footwear for men, women and children. They may manufacture rubber and plastic footwear, protective footwear, house slippers and slipper socks. Operators also manufacture men’s or women’s footwear designed for casual, formal and work environments. These products also include men’s or women’s shoes with rubber or plastic soles and leather or vinyl uppers.

    Industry Products
  • Men's footwear (except athletic)
  • Rubber and plastic footwear including athletic footwear
  • Women's footwear (except athletic)
  • Other footwear
  • Industry Activities
  • Rubber and plastic footwear
  • House slipper
  • Athletic shoes
  • Ballet slipper
  • Cleated athletic shoes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Import penetration into the manufacturing sector
  • Trade-weighted index
  • Per capita disposable income
  • Demand from footwear wholesaling

  • Current Performance
  • Import penetration and profitability
  • Industry employment
  • Bad news for exports
  • Chart: Revenue Growth

  • Industry Outlook
  • Potential effects of increased protectionism
  • Potential effects of the Berry Amendment
  • Table: Shoe & Footwear Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shoe & Footwear Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Footwear Wholesaling
  • Shoe Stores
  • Sporting Goods Stores
  • Department Stores
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Cardboard Box & Container Manufacturing
  • Leather Tanning & Finishing
  • Plastic Products Miscellaneous Manufacturing
  • Rubber Product Manufacturing
  • Synthetic Fiber Manufacturing

  • Products & Services
  • Men's footwear (except athletic)
  • Rubber and plastic footwear including athletic footwear
  • Women's footwear (except athletic)
  • Other footwear
  • Chart: Shoe & Footwear Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Footwear wholesalers
  • Footwear retailers
  • Exports
  • Manufacturers' sales outlets
  • Chart: Major Market Segmentation for the Shoe & Footwear Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Shoe & Footwear Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe & Footwear Manufacturing Industry

  • Industry Globalization
    New Balance Athletics Inc., Red Wing Shoes, Allen Edmonds Shoe Corp.,
  • Table: New Balance Athletics Inc. - financial performance
  • Table: Red Wing Shoes - financial performance
  • Table: Allen Edmonds Shoe Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Shoe & Footwear Manufacturing 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 Shoe & Footwear Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • trade-weighted index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    North American Free Trade Agreement (Nafta)
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America.
  • Offshoring
  • The transfer of manufacturing operations to another country, regardless of whether the work is outsourced or stays within the same corporation or company.
  • Outsourcing
  • Subcontracting process where manufacturing is conducted by a third party company either locally or internationally.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Shoe & Footwear Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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
    • Quickly build competitive intelligence
    This report on Shoe & Footwear Manufacturing:
    • 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 Shoe & Footwear Manufacturing 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 Shoe & Footwear Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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