The Shoe and Footwear Manufacturing industry has contracted over the five years to 2017. Despite improving downstream demand conditions, the industry has suffered from increasingly high import penetration and falling exports. In response to rising price-based competition, domestic footwear companies have continued to offshore production, effectively exiting the industry. However, remaining industry operators have specialized in the production of premium footwear products. As a result, industry profitability is anticipated to rise slightly during the period. Over the next five years, a potential tariff hike and a potential expansion of the Berry Amendment could positively impact industry revenue. Furthermore, footwear imports are anticipated to contract slightly and the decline in industry exports is forecast to temper.
This industry manufactures footwear for men, women and children. They may manufacture rubber and plastic footwear, protective footwear, house slippers and slipper socks. Operators also manufacture men’s or women’s footwear designed for casual, formal and work environments. These products also include men’s or women’s shoes with rubber or plastic soles and leather or vinyl uppers.
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.