Global Footwear Manufacturing - Industry Market Research Report

Global Footwear Manufacturing - Industry Market Research Report
Global Footwear Manufacturing

Global footwear manufacturers have benefited from solid consumer spending in developed economies combined with rapidly growing emerging economies in recent years. But, sudden changes in how consumers shopped worldwide following the COVID-19 pandemic shifted the industry's trajectory. Drops in global consumer spending and lockdowns dropped production at manufacturing facilities. Even as some economies reopened, supply chain snags slowed footwear production globally, while heightened input costs for everything from cotton to rubber and crude oil increased production costs. Uneven economic recoveries, recession concerns and inflation pressures continue to strain industry performance despite strong spending rebounds in some regions. In all, industry-wide revenue has been declining at a CAGR of 2.9% over the past five years, and is expected to reach $220.5 billion in 2023. This includes an expected 1.5% increase in 2023.

Operators in the Global Footwear Manufacturing industry manufacture a wide range of footwear for men, women and children. These companies manufacture rubber and plastic footwear; plastic or fabric uppers; and rubber and plastic protective footwear. Operators in this industry also manufacture house slippers and slipper socks. Operators may manufacture men's or women's footwear designed for dress, street or work.

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.