Navigation Links
Shoe and Footwear Manufacturing in the US Industry Market Research Report Now Available from IBISWorld
Date:5/5/2013

Los Angeles, CA (PRWEB) May 05, 2013

This industry has one foot in the grave. With manufacturers shifting operations overseas and cheap imports penetrating the US market, revenue for the Shoe and Footwear Manufacturing industry has fallen at an average annual rate of 1.4% over the five years to 2013. According to IBISWorld industry analyst Nikoleta Panteva, “Many companies have moved away from manufacturing footwear in the United States and are focusing on designing, wholesaling and marketing branded shoes.” The credit and financial crises of the past few years have led to extremely low levels of consumer spending, negatively affecting sales of discretionary items like shoes. This struggling industry is not likely to experience more double-digit drops, though; most large footwear manufacturers have already moved operations overseas, and the rate of growth in international outsourcing is expected to stabilize. In fact, industry revenue is expected to inch up in 2013 to $2.0 billion, boosted by growth in downstream demand from wholesalers and retailers.

The number of companies in the Shoe and Footwear Manufacturing industry has also declined; from 2008 to 2013, the number of enterprises fell from 890 to an estimated 798. “Many new operators lack supply chain contracts with importers and are unable to send production offshore,” explains Panteva, “which has caused them to lose out on margins.” This decline has pushed some players out of the industry because they were unable to sustain profitable operations.

Meanwhile, well-recognized names like Nike have tightened their stronghold on the shoe supply chain. While Nike accounts for a negligible portion of industry revenue, its brand recognition and effective cost controls have allowed it to remain at the forefront of the shoe sector. The sole major player in the industry, New Balance, makes only about 25.0% of its US-market shoes domestically, marking a shift in production location even for long-standing US shoe manufacturers.This industry's low concentration reflects a largely fragmented market that has a mix of small players. Most large footwear companies, such as Nike and Adidas, manufacture nearly all of their products outside of the country. This practice has increased over the past few years as large manufacturers discontinue production in the United States, instead focusing domestic activities on design and wholesale of footwear.

Projected declines will be less drastic than the substantial drops that occurred at the start of this decade because the industry will stabilize at a lower base. Imports will continue to infiltrate the industry. For more information, visit IBISWorld’s Shoe and Footwear Manufacturing in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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 dress, street and work. These products also include men's or women's shoes with rubber or plastic soles and leather or vinyl uppers.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10702685.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Footwear etc. Announces the New Spring Collection from Orthaheel
2. Footwear etc. Announces the Spring 2013 Collection of Shoes and Sandals from Orthaheel
3. Footwear Etc. Announces the Spring 2013 Collection of Shoes and Sandals from Earth®, Earthies®, and Kalso Earth®
4. Linge Shoes Announces New Colored Ballet Shoes as the Perfect Bridal Footwear Choice
5. Cat® Footwear Launches Made in America Boot
6. Footwear etc. Announces the Spring 2013 Collection of Shoes and Sandals from Mephisto
7. Environmentally friendly chemistry important for manufacturing pharmaceuticals
8. Global Fertilizers & Agricultural Chemicals Manufacturing Industry Market Research Report Now Available from IBISWorld
9. Global Candy and Chocolate Manufacturing Industry Market Research Report from IBISWorld has Been Updated
10. Grape News: Global Wine Manufacturing Industry Market Research Report from IBISWorld has Been Updated
11. Pharmaceutical Manufacturing in China Industry Research Report – Now Available from IBISWorld
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... ... 2016 , ... Dickinson Insurance & Financial Services continues their commitment to act ... of a local boy named Barrett, who has been fighting ALL leukemia for almost ... support for, all local families dealing with childhood cancer. Information on how to help ...
(Date:2/11/2016)... ... February 11, 2016 , ... Hoggan ... force gauges used in physical therapy, occupational therapy and sports medicine clinics, hospitals, ... cord exercise and therapy, introduces its new microFET Digital Pinch Gauge. , ...
(Date:2/11/2016)... ... ... As part of their 2015 end of year funding strategy, Colleen’s ... gifted $10,000 to University of Chicago to support ovarian cancer research being conducted by ... honored to support a promising young investigator from Dr. Lengyel’s lab at the University ...
(Date:2/10/2016)... ... ... LaserShip, a regional parcel carrier that services the eastern U.S., donated and ... in order to aid in the Flint water crisis. In 2014, LaserShip acquired Prestige ... Clio, only 15 miles away from Flint. , “We have deep roots in the ...
(Date:2/10/2016)... ... 10, 2016 , ... InDemand Interpreting , a leading ... with Heart City Health Center to improve access to language services ... Health Center has provided the Elkhart community with access to high quality, affordable ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... MEMPHIS, Tenn. , Feb. 11, 2016 ... a promising new treatment method at West Cancer ... low intensity electric fields to inhibit cancer cell replication ... therapy in more than a decade to show a ... adult Glioblastoma Multiforme (GBM) patients. Currently, West Cancer Center ...
(Date:2/11/2016)... 11, 2016 --> ... new research report, titled "Sports Medicine Devices Market - Global ... 2019". According to the report, the global sports medicine devices ... 2013 to 2019, growing from a value of US$6.1 bn ... --> --> The global sports medicine devices ...
(Date:2/11/2016)... NORTH CHICAGO, Ill. , Feb. 11, 2016 ... launch of the AbbVie Rheumatology Scholarship, designed to ... a rheumatologic disease as they pursue higher education ... $15,000 each for the 2016-2017 school year. The ... Tracie Haas , vice president, corporate ...
Breaking Medicine Technology: