Overview

Awl of it: Operators will expand services amidst fast-fashion trends

IBISWorld’s Shoe Repair market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$383m
Annual Growth
12-17
2.0%
Annual Growth
17-22
Profit
Employment
6,142
Business
4,382

Industry Threats & Opportunities

  • Operators will increasingly offer price-premium services that complement new shoes
  • Consumer demand rose due to falling unemployment rates
  • Increased availability of low-cost imported shoes has led to industry decline

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    Industry Analysis & Industry Trends

    The Shoe Repair industry is composed of companies that repair footwear and other leather-like goods. In the past five years, rising employment levels and a growing niche market for price-premium shoes have translated to rebounding revenue growth. However, the continued rise of fast-fashion retailers and low-cost shoes has hurt demand for industy services. Moving forward, similar trends will threaten the industry; nonetheless, shoe repair operators will increasingly offer niche services to boost revenue and improve returns...

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    Industry Report - Industry Key Buyers Chapter

    Industry concentration measures the extent to which large players dominate an industry. This industry is highly fragmented and does not have any major operators. The average revenue per company in this industry is about $88,530.00, accounting for a negligible share of total industry revenue. Additionally, most operators in the Shoe Repair industry are nonemployers, meaning that the owner is the sole employee. Of the estimated 4,326 shoe repair enterprises in the United States, more than 75.0% are nonemploying. The majority of shoe repair companies serve their local communities, with very few companies operating more than one establishment. As a result, the Shoe Repair industry has a very low level of market share concentration.

    ..

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    Additional Insights for the Shoe Repair Industry

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

  • Accessibility to consumers
  • Qualified work force
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Import penetration into the manufacturing sector and Households earning more than $100,000 in the Shoe Repair industry impact industry performance..

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    Industry Products

    What is the Shoe Repair Industry?

    Companies in this industry repair footwear and other leather or leather-like goods such as handbags, briefcases and saddlery. Companies that also retail such goods are included as part of the Handbag, Luggage and Accessory Stores industry (IBISWorld report 44833).

    Industry Products
    Shoe repair services
    All other repair and services
    Merchandise sales
    Industry Activities
    Boot and shoe repair
    Luggage and bag repair
    Harness and saddlery repair
    Leather goods repair

    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
  • Households earning more than $100,000
  • Price of shoes
  • National unemployment rate

  • Current Performance
  • Increasing imports, faster fashion
  • Unemployment and demographic changes
  • Mail-in competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Imported shoes on the rise
  • Profit
  • Table: Shoe Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shoe Repair Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Shoe Stores
  • Department Stores
  • Consumers

  • Key Selling Industries
  • Leather Good & Luggage Manufacturing
  • Leather Tanning & Finishing
  • Rubber Product Manufacturing
  • Shoe & Footwear Manufacturing

  • Products & Services
  • Shoe repair services
  • All other repair and services
  • Merchandise sales
  • Chart: Shoe Repair Industry Products and Services Segmentation

  • Demand Determinants
  • Price and quality of new footwear
  • Footwear styles
  • Consumer confidence and unemployment

  • Major Markets
  • Highest income quintile
  • Second-highest income quintile
  • Third-highest income quintile
  • Fourth-highest income quintile
  • Lowest income quintile
  • Chart: Major Market Segmentation for the Shoe Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Shoe Repair

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shoe Repair Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Shoe Repair 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 Repair Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of shoes (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Fast Fashion
  • Moderately priced clothing collections that are based on the latest runway trends.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Resoling
  • The process of replacing the soles of shoes.
  • Sole Press
  • This piece of equipment is used to drive nails into shoes.
  • 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 Repair:
    • 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 Repair 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 Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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