Shoe Repair in the US
The Shoe Repair industry is composed of companies that repair footwear and other leather or leather-like goods. For decades, low-cost imported shoes and effective marketing from fast-fashion retailers have encouraged consumers to purchase new low-cost shoes in lieu of repairing old ones, reducing demand for shoe repair services. Nonetheless, a rise in national employment levels and an increasing pool of wealthy consumers have led to expanding industry demand in recent years. Industry growth is expected to slow over the five years to 2023, as import penetration increases and the growing popularity of fast-fashion retailers continues to threaten industry sales.
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 in 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.