Footwear Manufacturing in Australia - Industry Market Research Report
Description
Footwear Manufacturing in Australia
The Footwear Manufacturing industry has encountered its fair share of difficulties. Factors like tariff reductions and new free trade deals have boosted low-cost imports. Economic instability and shifting consumer sentiment have also boosted demand for imported footwear, with consumers seeking less-costly foreign options. The COVID-19 pandemic wreaked havoc on the industry because of temporary closures, workforce shortages and capacity limitations. Nonetheless, several industry manufacturers have effectively tapped into niche and specialty markets both in Australia and overseas, including RM Williams, leveraging their strong branding and reputation for Australian-made products. Higher household disposable income has also boosted consumers' purchasing power to spend on footwear, benefiting these manufacturers. Industry revenue has tumbled at an annual rate of 5.7% in the five years spanning 2023-24, totalling an estimated $637.7 million in 2023-24. This includes an expected 4.3% dip in 2023-24, as the final consumers decrease their spending because of a pessimistic sentiment and pressures from inflation.
The Footwear Manufacturing industry consists of operators that manufacture footwear or footwear components. These products are then purchased by footwear wholesalers and retailers that resell them to consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Footwear Manufacturing industry has encountered its fair share of difficulties. Factors like tariff reductions and new free trade deals have boosted low-cost imports. Economic instability and shifting consumer sentiment have also boosted demand for imported footwear, with consumers seeking less-costly foreign options. The COVID-19 pandemic wreaked havoc on the industry because of temporary closures, workforce shortages and capacity limitations. Nonetheless, several industry manufacturers have effectively tapped into niche and specialty markets both in Australia and overseas, including RM Williams, leveraging their strong branding and reputation for Australian-made products. Higher household disposable income has also boosted consumers' purchasing power to spend on footwear, benefiting these manufacturers. Industry revenue has tumbled at an annual rate of 5.7% in the five years spanning 2023-24, totalling an estimated $637.7 million in 2023-24. This includes an expected 4.3% dip in 2023-24, as the final consumers decrease their spending because of a pessimistic sentiment and pressures from inflation.
The Footwear Manufacturing industry consists of operators that manufacture footwear or footwear components. These products are then purchased by footwear wholesalers and retailers that resell them to consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
79 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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