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2025 U.S. Industry Statistics & Market Forecast - Footwear and Leather Goods Repair
Market Size & Industry Statistics
The total U.S. industry market size for Footwear and Leather Goods Repair:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Footwear and Leather Goods Repair industry include:- Increased consumer awareness towards sustainability and fashion recycling
- Growth of the second-hand market
- Advancement in repair technologies and techniques
- Rise in DIY repair and customization culture
- Influence of social media on fashion trends
- Economic downturns increasing demand for repairs over new purchases
- Decline in skilled workforce availability
- Growing preference for high-quality, durable goods
- Integration of online platforms for service provision
- Impact of environmental regulations on leather treatment and repair processes
- Urbanization leading to more concentrated customer bases
- Shift towards casual and athletic footwear reducing demand for certain repair services
- Increased investment in brand loyalty programs including repair services
- Emergence of niche markets focusing on luxury and high-end goods repairs
Product & Services Breakdown
Research products and services in the Footwear and Leather Goods Repair industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Maintenance And Repair - Footwear |
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Maintenance And Repair - Garments |
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Resale Of Merchandise |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Footwear and Leather Goods Repair company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Footwear and Leather Goods Repair industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Footwear and Leather Goods Repair measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| General and Operations Managers | 5% | |||
| Sales and Related Occupations | 5% | |||
| Office and Administrative Support Occupations | 16% | |||
| Other Office and Administrative Support Workers | 6% | |||
| Office Clerks, General | 6% | |||
| Office Clerks, General | 6% | |||
| Installation, Maintenance, and Repair Occupations | 40% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 12% | |||
| Small Engine Mechanics | 11% | |||
| Motorboat Mechanics and Service Technicians | 7% | |||
| Other Installation, Maintenance, and Repair Occupations | 25% | |||
| Home Appliance Repairers | 14% | |||
| Home Appliance Repairers | 14% | |||
| Production Occupations | 21% | |||
| Textile, Apparel, and Furnishings Workers | 12% | |||
| Miscellaneous Textile, Apparel, and Furnishings Workers | 6% | |||
| Upholsterers | 6% | |||
Footwear and Leather Goods Repair Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Footwear and Leather Goods Repair industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Footwear and Leather Goods Repair industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Footwear and Leather Goods Repair industry. |
Source:
Latest Industry News
- Balenciaga's Destroyed Shoe Evolution: How Demna Made Distressed Sneakers a Luxury Item - A week later, the Balenciaga x Puma collaboration hit stores, featuring a Destroyed Speedcat with a soft, collapsing upper and cut-off Formstrip. Originally designed in 1999 for Formula 1 drivers, the Speedcat's "Destroyed" revival was stripped of athletic function and repurposed as a fashion artifact - pliable, softened and intentionally undone. (07/08/2025)
- Factory output posts faster growth in May - The country’s manufacturing output grew at a faster rate in May due mainly to increases in the production of food and transport equipment, according to the Philippine Statistics Authority. (07/08/2025)
- The 40 very best Prime Day deals we found, updated live on Day 1 - Calling all chronic procrastinators: Prime Day 2025 ends on July 11 at 11:59 p.m. PT. Prime Day is Amazon’s member-exclusive sale event. You can get a 30-day free trial to enjoy Prime Day savings (plus all the benefits of the subscription) with no strings attached. (07/08/2025)
- Factory gate prices drop at faster pace in May - Producer prices posted a bigger drop in May from the previous month, driven mainly by the decline in prices of computer, electronic and optical products, according to the Philippine Statistics Authority. (07/05/2025)
- 6 Filipino shoe designers step up international game - Amid fleeting trends, these Filipino footwear designers walk a different path — one rooted in culture and meaning (07/05/2025)
- Fancy footwork: Why Prada sandal scandal could be the glow-up Kolhapur and India need - Once the preferred footwear of intellectuals and radicals, Kolhapuris had fallen out of step with trendier imports like Nikes and Crocs (07/03/2025)
- Mackenthun: Support local repair shops rather than replacing outdoors items - Settling into my first night in camp, I brushed my teeth in a patch of white cedar trees and made my way back to my tent by the light of (06/29/2025)
- What to buy at Junction 8: 11 indie stores you didn’t know existed - Junction 8 is a popular heartland shopping centre located in the centre of Bishan. It is situated outside Bishan MRT station and Bishan Bus Interchange. The mall features over 200 speciality shops, including global fashion labels, luxury watches and jewellery brands. (06/26/2025)
- Bradley Cooper Just Honored the Golden Rule of Sneaker Collecting - About a month ago, Bradley Cooper was spotted pacing the streets of New York in a pair of beat-up Louis Vuitton sneakers. The once-black suede uppers had faded to a murky green. The toebox was creased beyond repair. The midsoles were stained. Even the precious LV logos had somehow rubbed off. These kicks were worn. Nay: these kicks were loved. (06/25/2025)
- 7 Easy Steps to Repair Leather at Home (No Experience Needed!) - Apply the provided leather cleaner to the damaged area with a soft cloth and rub with medium pressure. This will remove any skin oils, lotions or dirt in the leather surface. “Using the correct product is key here, (06/24/2025)
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