Industry Statistics and Trends
Market size and recent performance (2016-2031)
Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated $258.7m in 2026.
Trends and Insights
Canadian consumer caution squeezes footwear demand, pressuring manufacturers to adapt strategically
- A sustained drop in Canada’s consumer confidence index since 2021 has made households more cautious, pushing them to delay and down-trade discretionary footwear purchases while focusing on essential, long-lasting pairs instead of trend-driven styles. Domestic manufacturers are facing softer order volumes and increased pricing pressure as retailers prioritize value lines, shorter runs and tighter inventories.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2026-2031)
Market size is projected to decline over the next five years.
Trends and Insights
Slightly weaker Canadian dollar will gradually ease profit pressure for Canadian footwear
- A 0.4% drop in the Canadian effective exchange rate index in 2026 will signal a slightly weaker loonie, lowering the relative price of Canadian-made shoes in foreign markets and modestly raising the Canadian-dollar cost of imported footwear. This will occur against a backdrop of already undervalued real effective exchange rates that support competitiveness.
Biggest companies in the Shoe & Footwear Manufacturing in Canada
| Company | Market Share (%)
2026 | Revenue ($m)
2026 | Profit ($m)
2026 | Profit Margin (%)
2026 |
|---|---|---|---|---|
Genfoot Inc. | 36.1 | 1.8 | 5.0 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Boots, dress and casual shoes and sandals, Work and utility-type boots and shoes and Sports shoes. Boots, dress and casual shoes and sandals is the largest segment of the Shoe & Footwear Manufacturing in Canada.
Trends and Insights
Rising imports and tariffs intensify competition for boots, dress and casual shoes and sandals
- Boots, dresses, casual shoes and sandals are non-athletic, non-work footwear made from leather, rubber, textiles, or plastics. This core category, representing nearly two-thirds of industry revenue, includes fashion-oriented boots, formal dress shoes, everyday casual styles and open-toe sandals for adults and children. It emphasizes design, stitching and assembly.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Shoe and Footwear Manufacturing industry in Canada manufactures footwear for adults and children. It involves the production of various types of footwear, including athletic, dress, casual and work shoes, as well as boots and sandals, using materials like leather, rubber and textiles. The industry focuses on designing, cutting, stitching and assembling footwear products.
What's included in this industry?
Products and services covered in the Shoe & Footwear Manufacturing industry in Canada include Manufacturing boots, sandals, dress and casual shoes, Manufacturing work and utility-type boots and shoes, Manufacturing slippers and Manufacturing sports shoes.Companies
Companies covered in the Shoe & Footwear Manufacturing industry in Canada include Genfoot Inc.Purchase this report to view all 1 major companies in this industry.
Related Terms
Related terms covered in the Shoe & Footwear Manufacturing industry in Canada include united states-mexico-canada agreement (usmca) , trans-pacific partnership (tpp), offshoring and outsourcing.Industry Code
NAICS 316210 - Shoe & Footwear Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Canadian consumer caution has reduced footwear demand. This drop has pressured manufacturers to adapt strategically by emphasizing quality niches, small-batch customization a...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2016-2025) and forecast (2026-2031)
- Employees, including historical (2016-2025) and forecast (2026-2031)
- Businesses, including historical (2016-2025) and forecast (2026-2031)
- Profit, including historical (2016-2026)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Imports dominate Canadian footwear sales. Domestic manufacturers of boots, sandals, dress and casual shoes are under pressured to focus on quality and design to compete, as 9...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2026
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2026
- Major market segmentation in 2026
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers locate near ports to cut shipping costs. This proximity enables them to swiftly and efficiently meet domestic and international demand, significantly reducing t...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2026
Tables
- Number and share of establishments in each province in 2026
- Number and share of revenue each province accounts for in 2026
- Number and share of wages each province accounts for in 2026
- Number and share of employees in each province in 2026
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition among manufacturers relies on price, quality and style. These variables are key in determining the industry's top manufacturers as they influence consumer choice ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2021-2026
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Genfoot Inc. thrives through niche market penetration. By targeting specific consumer segments and specializing in winter footwear, the company effectively navigates a fragme...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2022 through 2026
- Major companies in the industry, including market share, revenue, profit and profit margin in 2026
- Overview of Genfoot Inc.'s performance by revenue, market share and profit margin from 2020 through 2026
Detailed analysis
- Description and key data for Genfoot Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Canadian shoe manufacturers must adhere to various environmental laws. These are regulations imposed by federal, state, local and international entities to ensure sustainable...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2016-2031)
- Assistance historical data and forecast (2016-2031)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Domestic manufacturers succeed by focusing on premium branding. By emphasizing superior craftsmanship and exclusive designs, they have commanded higher retail prices and achi...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2026
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2019-2024)
- Coverage Ratios (2019-2024)
- Leverage Ratios (2019-2024)
- Operating Ratios (2019-2024)
- Assets (2019-2024)
- Liabilities (2019-2024)
- Cash Flow & Debt Service Ratios (2016-2031)
- Revenue per Employee (2016-2031)
- Revenue per Enterprise (2016-2031)
- Employees per Establishment (2016-2031)
- Employees per Enterprise (2016-2031)
- Average Wage (2016-2031)
- Wages/Revenue (2016-2031)
- Establishments per Enterprise (2016-2031)
- IVA/Revenue (2016-2031)
- Imports/Demand (2016-2031)
- Exports/Revenue (2016-2031)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2016-2031)
- IVA (2016-2031)
- Establishments (2016-2031)
- Enterprises (2016-2031)
- Employment (2016-2031)
- Exports (2016-2031)
- Imports (2016-2031)
- Wages (2016-2031)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Shoe & Footwear Manufacturing industry in Canada in 2026?
The market size of the Shoe & Footwear Manufacturing industry in Canada is $258.7m in 2026.
How many businesses are there in the Shoe & Footwear Manufacturing industry in Canada in 2026?
There are 95 businesses in the Shoe & Footwear Manufacturing industry in Canada, which has declined at a CAGR of 1.8 % between 2021 and 2026.
How may import tariffs affect the Shoe & Footwear Manufacturing industry in Canada?
The Shoe & Footwear Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Shoe & Footwear Manufacturing industry in Canada?
The Shoe & Footwear Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Shoe & Footwear Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Shoe & Footwear Manufacturing industry in Canada has been declining at a CAGR of 2.1 % between 2021 and 2026.
What is the forecast growth of the Shoe & Footwear Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Shoe & Footwear Manufacturing industry in Canada is expected to decline.
What are the biggest companies in the Shoe & Footwear Manufacturing industry in Canada?
The biggest company operating in the Shoe & Footwear Manufacturing industry in Canada is Genfoot Inc.
What does the Shoe & Footwear Manufacturing industry in Canada include?
Manufacturing boots, sandals, dress and casual shoes and Manufacturing work and utility-type boots and shoes are part of the Shoe & Footwear Manufacturing industry in Canada.
Which companies have the highest market share in the Shoe & Footwear Manufacturing industry in Canada?
The company holding the most market share in the Shoe & Footwear Manufacturing industry in Canada is Genfoot Inc..
How competitive is the Shoe & Footwear Manufacturing industry in Canada?
The level of competition is high and steady in the Shoe & Footwear Manufacturing industry in Canada.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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