Market size and recent performance (2009-2024)
Industry revenue has declined at a CAGR of -0.9% over the past five years, to reach an estimated $52.2bn in 2019.
Trends and Insights
- Industry operators are expected to benefit from a continued rise in global per capita disposable income
- Additional trends and insights available with purchase
Biggest companies in the Footwear Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Lobo Solo | ||||
Carlos Rossetti | ||||
Angus Boot |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Men's leather soled leather shoes, Men's rubber soled leather shoes and Women's leather soled leather shoes. Men's leather soled leather shoes is the largest segment of the Footwear Manufacturing in Mexico.
Trends and Insights
Men's shoes with rubber soles, which includes sneakers, comprise the largest single product line manufactured by industry operators.
- This segment has increased as a share of industry revenue during the period.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Footwear Manufacturing industry in Mexico plays an important role in the Global Footwear Manufacturing industry (IBISWorld report C1321-GL). Industry operators manufacture a wide variety of footwear, including sneakers, shoes and boots, among others, for men, women and children. As with most other manufacturing industries in Mexico, trade represents a meaningful portion of industry revenue. However, domestic consumption of footwear also represents a large portion of demand for operators' products. While labor expenses are lower in Mexico compared with other developed nations, many footwear manufacturers choose to headquarter their manufacturing operations in Asia. Still, many large operators maintain manufacturing relationships in Mexico through contracted work with industry operators. This has in part led to increased industry fragmentation, as the industry is composed of a large number of operators that conduct business in only one or two locations.
What's included in this industry?
Manufacturing of men's, women's and children's leather shoesManufacturing of men's, women's and children's sneakersManufacturing of men's, women's and children's sandalsMen's leather soled leather shoesMen's rubber soled leather shoesWomen's leather soled leather shoesOther leather and leather cut shoesFootwear with fabricsPlastic footwearCompanies
Lobo SoloCarlos RossettiAngus BootPurchase this report to view all 4 major companies in this industry.
Related Terms
NORTH AMERICAN FREE TRADE AGREEMENT (NAFTA)OFFSHORINGOUTSOURCINGIndustry Code
NAICS 31621MX - Footwear Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Population. As the population of Mexico increases, the need for footwear increases as well. This in turn leads to increased demand for products made by industry operators. In ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Men's shoes with rubber soles, which includes sneakers, comprise the largest single product line manufactured by industry operators. This segment has increased as a share of i...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The majority of activity in the Footwear Manufacturing industry in Mexico is done in the North-Central region of the country. This part of the country has been home to footwea...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Economies of scale. Producing footwear items at the lowest marginal cost is an important competitive factor.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Founded in 1997, Lobo Solo is a manufacturer of specialty footwear known as Opanak. The company is located in León, Guanajuato. Opanka footwear is a specialty type of leather ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Lobo Solo's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Carlos Rossetti's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Angus Boot's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Lobo Solo, and factors influencing its performance in the industry
- Description and key data for Carlos Rossetti, and factors influencing its performance in the industry
- Description and key data for Angus Boot, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Footwear Manufacturing industry experiences a wide range of regulation from a variety of regulatory agencies at the local, federal and international levels. The nature of ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Footwear Manufacturing industry in Mexico in 2019?
The market size of the Footwear Manufacturing industry in Mexico is $52.2bn in 2019.
How many businesses are there in the Footwear Manufacturing in Mexico industry in 2019?
There are 6,098 businesses in the Footwear Manufacturing industry in Mexico, which has declined at a CAGR of -2.4% between 2014 and 2019.
Has the Footwear Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Footwear Manufacturing industry in Mexico has been at a CAGR of -0.9% between 2014 and 2019.
What is the forecast growth of the Footwear Manufacturing industry in Mexico over the next 5 years?
The Footwear Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Footwear Manufacturing market in Mexico?
The biggest companies operating in the Footwear Manufacturing market in Mexico are Lobo Solo, Carlos Rossetti and Angus Boot
What does the Footwear Manufacturing in Mexico include?
Manufacturing of men's, women's and children's leather shoes and Manufacturing of men's, women's and children's sneakers are part of the Footwear Manufacturing industry.
Which companies have the highest market share in the Footwear Manufacturing in Mexico?
The company holding the most market share in Mexico is Lobo Solo.
How many people are/were employed in the Footwear Manufacturing in Mexico in 2019?
There are 108k employed in the Footwear Manufacturing industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry is mainly responsible for the manufacturing of men's, women's and children's clothing in Mexico.
Methodology
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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
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