Shoe & Footwear Manufacturing in the US - Industry Market Research Report

Extra Steps: Recovering Global Economic Activity Following COVID-19 Will Positively Affect Industry Revenue

The Shoe and Footwear Manufacturing industry has experienced difficulties, with revenue decreasing at a CAGR of 0.1% over the past five years, including a decrease of 2.7% to an estimated $2.2 billion in 2023 alone. During the five-year period, the industry has been limited because of sustained import penetration and falling exports, both of which have been influenced by high levels of competition. Furthermore, the coronavirus largely disrupted industry supply chains and destabilized current levels of international trade. The coronavirus has also resulted in unstable macroeconomic conditions, leading to deteriorating domestic demand. 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 casual, formal and work environments. These products also include men’s or women’s shoes with rubber or plastic soles and leather or vinyl uppers. 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.