Shoe Repair in the US
The Shoe Repair industry is composed of companie that repair footwear and other leather-like goods. In the past five years, rising employment levels and a growing niche market for price-premium shoes have translated to rebounding revenue growth. However, the continued rise of fast-fashion retailers and low-cost shoes has hurt demand for industy services. Looking forward, similar trends will threaten the industry; nonetheless, shoe repair operators will increasingly offer niche services to boost revenue and improve returns.
Companies in this industry repair footwear and other leather or leather-like goods such as handbags, briefcases and saddlery. Companies that also retail such goods are included as part of the Handbag, Luggage and Accessory Stores industry (IBISWorld report 44833).
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.