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:3/24/2017)... , ... March 24, 2017 , ... The Radiology ... Quest Awards . The annual awards, now in their 12th year, are among the ... the winners. , In 2016, the awards were retooled to recognize achievements in both ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... Premier Center for Shamanic Healing and Spiritual Awakening, proudly presents her Sacred ... 2017. This sacred and spiritual journey during the Summer Solstice will also ...
(Date:3/24/2017)... ... 2017 , ... The law firm of Enea, Scanlan & Sirignano, LLP, ... resident Lauren C. Enea has joined the firm as an associate attorney. Ms. Enea, ... in elder law, Medicaid planning and applications, and Wills, Trusts and Estates. Samantha ...
(Date:3/24/2017)... ... 2017 , ... “Finding Christ Through Social Media: Year One ... the writer’s path toward true communion with God. “Finding Christ Through Social Media: ... creation of published author Lea Michelle Johnson, a follower of Christ, wife and ...
(Date:3/23/2017)... (PRWEB) , ... March 23, 2017 , ... In 2016 ... now estimates that there could be four million Zika-related cases in the Americas within ... with numbers of US cases reported per year skyrocketing to an estimated 329,000. Yet, ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... 2017   The Accreditation Council for Medical ... in the pharmaceutical industry has appointed Dr. ... newly formed scientific advisory board. Dr. Chin will ... first ever medical affairs think tank within the ... the ACMA, please visit  www.medicalaffairsspecialist.org .  Connect ...
(Date:3/24/2017)... DUBLIN , Mar. 24, 2017 Research and ... (IPF) Pipeline Analysis, 2016" report to their offering. ... The IPF pipeline is very strong with ... Corporation, Merck & Co., Inc., Biogen and Sanofi are involved in the ... candidates, of which one is in Phase III stage, 15 are in ...
(Date:3/24/2017)... , March 24, 2017 Today ... Equipment stocks, which are: Neovasc Inc. (NASDAQ: NVCN), Hologic Inc. ... Inc. (NASDAQ: SSH ). These companies are part ... prior gains on Thursday, March 23 rd , 2017, with ... while shares of health care companies in the S&P 500 ...
Breaking Medicine Technology: