Industry Analysis & Industry Trends
Following a postrecessionary revenue boost, the Shoe and Footwear Manufacturing industry has resumed its historic decline. While industry revenue displayed moderate volatility, IBISWorld expects the industry to resume its downward trajectory over the five years to 2016. Over the five years to 2021, two of the most significant indutry-relevant developments will be the implementation of the Trans-Pacific Partnership (TPP) and the application of the Berry Amendment to this industry. A by-product of the implementation of the TPP will be the opening up of the industry to competition from imports sourced from Vietnam, which is the second-largest exporter of shoes to the United States... purchase to read more
Industry Report - Industry Locations Chapter
Footwear manufacturers in the New England region benefit from the region's proximity to international trade ports and access to low-cost inputs. While only 11.6% of establishments set up shop here, New Balance, the industry's largest company in terms of market share, maintains its headquarters in Boston and the majority of its production facilities in Massachusetts.
Footwear factories established in the Great Lakes region account for 8.0% of all locations. Cities such as Chicago and Detroit have historically been a hub for transportation around the country, so manufacturers that set up shop in the state benefit from low transportation costs.
The West accounts for the largest portion of industry establishments at 25.6%. The.. purchase to read more