Shoe & Footwear Manufacturing in the US
The Shoe and Footwear Manufacturing industry has contracted over the five years to 2018. Despite improving downstream demand conditions, the industry has suffered from increasingly high import penetration and falling exports, both of which have been influenced by the US dollar's appreciation during the period. Over the five years to 2023, two potential developments could positively affect industry revenue. However, based on current trends, IBISWorld expects industry revenue to decline at a decelerated annualized rate.
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.
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