Sole survivor: As employment has improved, consumers have purchased luxury, repair-worthy shoes

The Shoe Repair industry is composed of companies that repair footwear and other leather-like goods. For decades, low-cost imported shoes and effective marketing from fast-fashion retailers have encouraged consumers to purchase new low-cost shoes in lieu of repairing old ones, which has reduced demand for shoe repair services. Nonetheless, a rise in national employment levels and an increasing pool of wealthy consumers have led to expanding industry demand in recent years. Despite the growth exhibited over the five years to 2018, industry demand will contract slightly over the five years to 2023, which falls in line with the industry's declining life cycle stage...purchase to read more.

Industry Statistics & Market Size
Revenue
$387m
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
5,667
Businesses
4,095
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The bulk of shoes purchased in the United States have been manufactured in Asia
  • Demand for fast-fashion retailers threaten industry growth
  • Consumers are more likely to replace than repair low-cost imported shoes
  • Industry Report - Starting a New Business Chapter

    Barriers to entry in this industry are low, which is indicated in part by the high number of nonemployers in the industry. At the minimum, expenses required to start a new shoe repair shop include shop space, basic hand tools (e.g., hammers, knives, punches, needles and scissors) and craft-specific power tools (e.g., outsole stitchers, sole presses, sewing machines, sanders, polishing units, stretchers and heel attaching machines). The Shoe Service Institute of America (SSIA) estimates that these startup costs run between $25,000 and $60,000, depending on machinery choices, and whether machinery is obtained in used or new condition. Retail items (e.g., polishes, laces, cedar shoe trees, insoles and waxes) are estimated to cost an additional $15,000...purchase to read more.

    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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    What's in this report

    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

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

  • Current Performance
  • Unemployment and demographic changes
  • Increasing imports, faster fashion
  • 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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Shoe Repair Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Price of shoes (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Shoe Repair can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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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