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Shoe Repair in the US - Industry Market Research Report

Shoe Repair in the US - Industry Market Research Report

  • September 2022
  • 40 pages
  • ID: 500800
  • Format: PDF
  • Ibisworld

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Walk a mile: Uncertainties surrounding the strength of the industry structure will likely prevent any substantial growth

Abstract

Shoe Repair in the US
For decades, low-cost imported shoes and effective marketing from fast-fashion retailers have encouraged consumers to purchase new low-cost shoes in lieu of repairing old ones, reducing demand for Shoe Repair industry services. While a rise in employment levels and an increasing pool of wealthy consumers have led to expanding shoe repair demand over recent years, a movement toward online outlets to reduce costs have encouraged many operators to exit the industry altogether. Over the five years to 2024, imported shoes into the US will increase, encouraging consumers to buy low-cost imported footwear. Furthermore, the increasing popularity of fast-fashion retailers is expected to persist, threatening industry sales.

Companies in this industry repair footwear and other leather or leather-like goods such as handbags, briefcases and saddlery. Companies that also retail such goods are included in the Handbag, Luggage and Accessory Stores industry (IBISWorld report 44833).

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.

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