Navigation Links
Shoe and Footwear Manufacturing in the US Industry Market Research Report Now Available from IBISWorld

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:!/IBISWorld
Friend IBISWorld on Facebook:

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 or call 1-800-330-3772.

Read the full story at

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:
(Date:11/25/2015)... MI (PRWEB) , ... November 25, 2015 , ... In ... Presence Resurrection Medical Center (RMC) in Chicago, IL, UV Angel is evaluating the efficacy ... medical and surgical intensive care units (totaling 30 beds) from May 2014 through October ...
(Date:11/25/2015)... , ... November 25, 2015 , ... Today, Mothers ... our nation’s roadways has dropped below 10,000 for the first time since 2011. In ... 2013. , According to data released by the National Highway Traffic Safety Administration (NHTSA), ...
(Date:11/25/2015)... ... 25, 2015 , ... In honor of Pulmonary Hypertension Awareness ... groups responsible for advancing care for pulmonary hypertension (PH) patients and helping to ... will receive special recognition throughout 2016 as part of PHA’s 25th anniversary celebrations. ...
(Date:11/25/2015)... ... November 25, 2015 , ... Privately ... has undertaken significant expansion of its current state of the art research, development ... PharmaTech’s strategy to increase its manufacturing capacity as well as to support its ...
(Date:11/25/2015)... (PRWEB) , ... November 25, 2015 , ... Many people ... fatigue, fuzzy-headedness, weight gain, cold hands, and dry skin. But many people who find ... diet and exercise regimen instead of their thyroid, especially if they don’t have any ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... , Nov. 25, 2015  The American Academy ... Gynecologists (ACOG), and the March of Dimes cheered ... Protecting Our Infants Act of 2015 (S.799), ... of newborns born exposed to drugs, such as ... bill,s introduction, all three organizations have worked together ...
(Date:11/25/2015)... 2015 On Tuesday, November 24, 2015, ... against Wright Medical Technology, Inc. for product liability ... hip implant device, awarded $11 million in favor ... trial and three days of deliberations, the jury ... defectively designed and unreasonably dangerous, and that Wright ...
(Date:11/25/2015)... , November 25, 2015 Kitov ... ) (TASE: KTOV), a biopharmaceutical company focused on the ... various clinical conditions, today announced the closing of its ... Shares ( ADSs ), each representing 20 ordinary shares ... 3,158,900 ADSs. The ADSs and warrants were issued in ...
Breaking Medicine Technology: