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2025 U.S. Industry Statistics & Market Forecast - Leather and Allied Product Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Leather and Allied Product Manufacturing:
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 Leather and Allied Product Manufacturing industry include:- Increased preference for sustainable and eco-friendly materials
- Shift towards synthetic and vegan leather products
- Advancements in leather processing technology
- Rising labor costs in developing countries
- Stringent environmental regulations
- Growth in luxury goods market
- Impact of global trade policies and tariffs
- Shift in consumer preferences towards casual and athleisure wear
- Expansion of online retail and direct-to-consumer sales channels
- Fluctuations in raw material prices, especially hides and skins
- Increased demand for customization and personalization in leather products
- Rising competition from alternative materials and products
- Integration of digital technology and automation in production processes
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 Leather and Allied Product Manufacturing 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 Leather and Allied Product Manufacturing 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). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Leather and Allied Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| 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 | % | |||
| Office and Administrative Support Occupations | 10% | |||
| Material Recording, Scheduling, Dispatching, and Distributing Workers | 5% | |||
| Production Occupations | 69% | |||
| Supervisors of Production Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| First-Line Supervisors of Production and Operating Workers | 7% | |||
| Assemblers and Fabricators | 7% | |||
| Miscellaneous Assemblers and Fabricators | 7% | |||
| Textile, Apparel, and Furnishings Workers | 50% | |||
| Sewing Machine Operators | 10% | |||
| Sewing Machine Operators | 10% | |||
| Shoe and Leather Workers | 26% | |||
| Shoe and Leather Workers and Repairers | 26% | |||
| Shoe Machine Operators and Tenders | 10% | |||
| Other Production Occupations | 8% | |||
| Cutting Workers | 9% | |||
| Cutters and Trimmers, Hand | 8% | |||
| Transportation and Material Moving Occupations | 16% | |||
| Material Moving Workers | 15% | |||
| Laborers and Material Movers | 10% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 5% | |||
Leather and Allied Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Leather and Allied Product Manufacturing 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 Leather and Allied Product Manufacturing 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 Leather and Allied Product Manufacturing industry. |
Source:
Latest Industry News
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- South Africa: KITE 2025, supporting industrial growth in manufacturing - The manufacturing sector in KwaZulu-Natal is evolving rapidly, driven by technological advancements, and the need for more sustainable production methods. To remain competitive, though, businesses in the region must stay informed about the latest industry trends. The KwaZulu-Natal Industrial Technology Exhibition (KITE), taking place from 22-24 July 2025 at the Durban Exhibition Centre ... (07/08/2025)
- Under RPM, Focus on Functional Similarity, Not Product Similarity: ITAT Mumbai - ITAT Mumbai under Resale Price Method [RPM] focus is more on same or similar nature of products rather than similarity of products. Thus, TPO directed to include 5 companies as comparable for benchmarking international (07/07/2025)
- U.S. Manufacturing Jobs Continue to Decline Despite At-Large Job Growth - The U.S. added 147,000 jobs for June, marking higher-than-expected growth amidst question marks over tariffs and the economy. Economists had projected that number would grow by about 110,000 for June. (07/03/2025)
- Manufacturing PMI® At 49%; June 2025 Manufacturing ISM® Report On Business®: Apparel Reports Growth While Textile Mills Report Contraction - TEMPE, Ariz. — July 1, 2025 — Economic activity in the manufacturing sector contracted in June for the fourth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business®. (07/01/2025)
- Canada 3PL Market : Comprehensive Report On A $23.1 Billion Industry Expanding To $49.7 Billion By 2033 CAGR Of 8.4% - WILMINGTON, NEW CASTLE, DE, UNITED STATES, July 1, 2025 /EINPresswire / -- According to a recent report published by Allied Market Research, (07/01/2025)
- June Manufacturing PMI Shows First Improvement in 4 Months - U.S. manufacturing activity remained in contraction during June for a fourth straight month, but the improvement topped economists' expectations and snapped three straight months of monthly decline. (07/01/2025)
- ISM Purchasing Managers' Index Rose to 49% in June - Tempe, AZ, July 1, 2025-The Manufacturing Purchasing Managers' Index (PMI) registered 49% in June, a 0.5-percentage point increase compared to the 48.5% recorded in May, say the nation's supply executives in the latest Manufacturing ISM Report On Business. (07/01/2025)
- Manufacturing PMI at 49%, wood sector contracts, furniture grows - Economic activity in the manufacturing sector contracted in June for the fourth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest Manufacturing ISM Report On Business. (07/01/2025)
- leather products manufacturing hub | The Daily Star - Hazaribagh has transformed itself into a leather products manufacturing hub from a tannery zone in a span of five years since rawhides processors were shifted to Savar, logging an annual trade of ... (06/12/2025)
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