Shoe & Footwear Manufacturing in the US
The Shoe and Footwear Manufacturing industry has only experienced marginal growth over the five years to 2019. Despite improving downstream demand conditions, the industry has been limited due to increasingly high import penetration and falling exports, both of which have been influenced by the appreciation of the US dollar. However, a recent depreciation of the US dollar has led to a surge in total exports in both 2018 and 2019. Furthermore, imports have maintained dominance of domestic demand over the past five years. The majority of imported footwear is manufactured in developing countries, where labor costs are significantly lower compared with the United States. Overall, industry revenue is anticipated to increase slightly during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. A projected depreciation in the US dollar will likely support revenue growth during the outlook period.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook