Best foot forward: The continued popularity of UK-manufactured footwear supports growth

The Footwear Manufacturing industry is expected to grow over the five years through 2018-19, with revenue anticipated to rise at a compound annual rate of 4.3% to reach £537.3 million. Industry growth has been facilitated by an array of government policies targeting innovation within the broader textiles manufacturing industry. Similarly, the increasing interest in high-quality British footwear has contributed to industry expansion as firms have aimed to capitalise on heritage brands and increased their presence abroad.However, despite the overall positive outlook, profit margins within the industry are expected to shrink over the five years through 2018-19, from 19.1% during 2013-14 to 11.2% in the current year...read more.

Industry Statistics & Market Size
Revenue
£537.3m
Annual Growth 14-19
4.3%
Forecast Growth 19-24
Profit
Employment
6,029
Businesses
241

Industry Threats & Opportunities

  • Rising input costs as a result of recovering oil prices and a weak pound negatively affect profit
  • Industry operators have expanded their presence to capitalise on strong demand in foreign markets
  • The use of leather alternatives is expected to become a priority among footwear manufacturers
  • Industry Report - Industry Key Buyers Chapter

    The Footwear Manufacturing industry has a moderate level of market share concentration, with the four largest firms accounting for an estimated 49.9% of industry revenue in 2018-19. This figure has risen significantly over the past five years, predominantly due to New Balance rapidly increasing its market share through strong revenue growth. A number of large companies in the industry manufacture high-end men's footwear, for which demand is anticipated to remain strong. Specialist operators are likely to try to enter the industry and capture market share, aiming to take advantage of favourable demand conditions for high-value products over the next five years. The larger industry firms are expected to expand their operations and product ranges. Fur...purchase to read more.

    Additional Insights for the Footwear Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Footwear Manufacturing Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Ability to control stock on hand
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Demand from footwear retailers and Expenditure by household income- highest quintile in the Footwear Manufacturing industry impact industry performance..

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    What's in this report

    What is the Footwear Manufacturing Industry?

    Firms in this industry manufacture footwear from leather and other materials. The industry also includes the production of footwear parts, such as uppers and parts of uppers, outer and inner soles, and heels. Companies also manufacture gaiters, leggings and similar articles. The industry excludes the manufacture of wooden shoe parts, textile shoes without applied soles, rubber footwear parts, plastic footwear parts, ski boots or orthopaedic shoes.

    Industry Products
  • Women's leather shoes and boots
  • Men's leather shoes and boots
  • Sport footwear
  • Slippers and dancing footwear
  • Children’s and infants’ footwear
  • Industry Activities
  • Manufacturing footwear
  • Manufacturing leather footwear parts
  • Manufacturing gaiters, leggings and similar products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from footwear retailers
  • Expenditure by household income- highest quintile
  • Real household disposable income
  • Total online expenditure
  • Value of goods imports

  • Current Performance
  • Industry assistance
  • Revenue growth
  • Imports wedged in
  • Tightening profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Tying international knots
  • A fruitful future for footwear
  • The next step
  • Moving up a size
  • Table: Footwear Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Footwear Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Clothing & Footwear Wholesaling
  • Department Stores
  • Footwear Retailers

  • Key Selling Industries
  • Leather, Hide & Skin Wholesaling
  • Rubber Product Manufacturing
  • Textile Wholesaling

  • Products & Services
  • Men's leather shoes and boots
  • Women's leather shoes and boots
  • Sport footwear
  • Slippers and dancing footwear
  • Other
  • Children’s and infants’ footwear
  • Chart: Footwear Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable income
  • Brand recognition
  • Demographics and social factors
  • Consumer preference and fashion consciousness

  • Major Markets
  • Specialist footwear retailers
  • Mail order and online
  • Department stores
  • Other retailers and individual consumers
  • Clothing retailers
  • Wholesalers
  • Chart: Major Market Segmentation for the Footwear Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Footwear Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Footwear Manufacturing Industry

  • Industry Globalization
    New Balance Athletic Shoes (UK) Ltd, Beaconsfield Footwear Ltd, Church & Co Limited,
  • Table: New Balance Athletic Shoes (UK) Ltd - financial performance
  • Table: Beaconsfield Footwear Ltd - financial performance
  • Table: Church & Co Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Footwear Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Footwear Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Gaiters
  • A leather or cloth covering for the lower part of the leg.
  • Goodyear Welting
  • A process that involves the sole and upper of a shoe being sewn to a leather welt that is then stitched to the bottom of the shoe. This allows the sole to be detached from the shoe for resoling.
  • Re-Export
  • Re-exports are foreign goods exported in the same state as they were when imported to avoid or reduce import tariffs.
  • Uppers
  • The entire part of the shoe that covers the foot.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Footwear Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Footwear Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Footwear Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Footwear Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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