Industry Analysis & Industry Trends
The Footwear Manufacturing industry 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 grown robustly over the past five years. IBISWorld expects industry revenue to rise at a compound annual rate of 5.3% in the five years through 2015-16, reaching £487 million. The industry's strength is further highlighted by the 4.4% expansion projected to occur in 2015-16.
Industry growth has largely been driven by high-end luxury footwear products, which account for approximately 70% of industry revenue... purchase to read more
Industry Report - Industry Analysis Chapter
The Footwear Manufacturing industry is estimated to grow strongly in the five years through 2015-16. IBISWorld expects industry revenue to increase at a compound annual rate of 5.3% to £487 million. However, this revival comes after decades of decline. At the pinnacle of the industry's fortunes in the 1960s, approximately 100,000 people were making 200 million pairs of shoes per year and over 90% of industry output was purchased in the United Kingdom. As in most other manufacturing industries, operators eventually succumbed to the pressures of globalisation and the industry is now a fraction of its former size, employing just over 4,700 people and producing approximately five million pairs of shoes annually. How.. purchase to read more