The Footwear Manufacturing industry has suffered a torrid time over the past few decades due to the effects of globalisation, which severely diminished operators' ability to compete on both a domestic and a worldwide level. However, its fortunes have since reversed and the industry has experienced robust growth over the past five years. IBISWorld expects industry revenue to rise at a compound annual rate of 4.9% in the five years through 2015-16, reaching £477.9 million. The industry's strength is further highlighted by the 3.8% expansion projected to occur in 2015-16.
Companies in this industry manufacture footwear from leather and other materials. The industry also includes the manufacture of leather footwear parts, such as uppers and parts of uppers, outers, inner soles and heels. Firms also produce gaiters, leggings and similar items. This industry does not include the manufacture of wooden shoe parts, rubber footwear parts, plastic footwear parts, ski boots or orthopaedic shoes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.