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

IBISWorld’s Shoe & Footwear Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.


Industry Threats & Opportunities

  • Despite improving downstream demand conditions, the industry has suffered from increasingly high import penetration
  • Industry employment has been threatened by intense outsourcing
  • Producers will likely seek out new sources of low-cost labor in untapped overseas locations
  • Industry Analysis & Industry Trends

    The Shoe and Footwear Manufacturing industry has contracted over the five years to 2017. Despite improving downstream demand conditions, the industry has suffered from increasingly high import penetration and falling exports. In response to rising price-based competition, domestic footwear companies have continued to offshore production, effectively exiting the industry. However, remaining industry operators have specialized in the production of premium footwear products. As a result, industry profitability is anticipated to rise slightly during the period. Over the next five years, a potential tariff hike and a potential expansion of the Berry Amendment could positively impact industry revenue.

    Industry Report - Industry SWOT Analysis Chapter

    The US Shoe and Footwear Manufacturing industry is in decline, most notably defined by its diminishing contribution to the domestic economy (measured through industry value added). Over the 10 years to 2022, IBISWorld forecasts that industry value added (IVA) will contract at an annualized rate of 0.6%. Meanwhile, US gross domestic product (GDP) is anticipated to grow at an annualized rate of 2.0%. Declining IVA is the result of strong price competition from low-cost importers. Many companies have not been able to sustain profit margins or operations and have offshored production to low-wage countries, perpetuating the industry's decline.

    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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    Industry Products

    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

    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
  • 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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    New BalanceAllen Edmonds Corp.
  • Table: New Balance - financial performance
  • Table: Allen Edmonds Corp. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Shoe & Footwear Manufacturing 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)
  • trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • 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
    • 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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