$1.9bn
$XXX.Xm
11,070
895
$XXX.Xm
The Shoe and Footwear Manufacturing industry has faced a dynamic landscape shaped by shifts in consumer preferences, supply chain challenges and technological advancements. While the industry has seen periods of growth spurred by increased demand for athletic and casual footwear, it's also contended with stiff competition from imports. Domestic manufacturers have had to adopt innovative processes and materials to stay relevant while also dealing with the pressures of rising labor costs and fluctuating raw material prices. Industry revenue has decreased at a CAGR of 3.4% over the past five years and is expected to total $1.9 billion in 2024, when revenue will drop by an estimated 0.3%.
Industry revenue has declined at a CAGR of 3.4 % over the past five years, to reach an estimated $1.9bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
New Balance Athletics, Inc. | 288.6 | 20.9 | 7.2 | |
Allen Edmonds Shoe Corp | 113.6 | 8.2 | 7.2 | |
Rocky Brands, Inc. | 98.9 | 9.2 | 9.3 |
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Industry revenue is measured across several distinct product and services lines, including Men's footwear (except athletic) , Rubber and plastic footwear including athletic footwear and Women's footwear (except athletic). Men's footwear (except athletic) is the largest segment of the Shoe & Footwear Manufacturing in the US.
Men's shoes are the largest segment
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 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.
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NAICS 31621 - Shoe & Footwear Manufacturing in the US
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Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Shoe & Footwear Manufacturing in the US industry in United States is $1.9bn in 2024.
There are 895 businesses in the Shoe & Footwear Manufacturing in the US industry in United States, which has grown at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Shoe & Footwear Manufacturing in the US industry in United States has been declining at a CAGR of 3.4 % between 2019 and 2024.
Over the next five years, the Shoe & Footwear Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Shoe & Footwear Manufacturing market in United States are New Balance Athletics, Inc., Allen Edmonds Shoe Corp and Rocky Brands, Inc.
Manufacturing rubber and plastic footwear products and Manufacturing men's footwear products are part of the Shoe & Footwear Manufacturing in the US industry.
The company holding the most market share in United States is New Balance Athletics, Inc..
The level of competition is high and increasing in the Shoe & Footwear Manufacturing in the US industry in United States.