2025 Leather & Allied Product Manufacturing Industry Report
Industry Overview
Establishments in the Leather and Allied Product Manufacturing subsector transform hides into leather by tanning or curing and fabricating the leather into products for final consumption. This subsector also includes the manufacture of similar products from other materials, including products (except apparel) made from "leather substitutes," such as rubber, plastics, or textiles. Rubber footwear, textile luggage, and plastics purses or wallets are examples of "leather substitute" products included in this subsector. The products made from leather substitutes are included in this subsector because they are made in similar ways leather products are made (e.g., luggage). They are made in the same establishments, so it is not practical to separate them.
The inclusion of leather and hide tanning and finishing in this subsector is partly because it is a relatively small industry that has few close neighbors as a production process, partly because leather is an input to some of the other products classified in this subsector, and partly for historical reasons. Source: US Census Bureau
Market Size and Industry Forecast
The Leather and Allied Product Manufacturing industry report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2020 to 2030 reflect industry trends and growth patterns. Revenues include both public and private companies in the Leather & Allied Product Manufacturing industry.
Historical
Forecasted
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data
Industry Revenue ($ Billions)
2018
2019
2020
2021
2022
2023
2024
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Leather & Allied Product Manufacturing companies in the United States.
Leather & Allied Product Manufacturing Revenue by State
Distribution by Company Size
Company Size
All Industries
Leather & Allied Product Manufacturing
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)
Leather & Allied Product Manufacturing Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
Cost of goods sold
Compensation of officers
Salaries and wages
Employee benefit programs
Rent paid
Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
Industry Average
Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
Financial Ratio
Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio
Leather & Allied Product Manufacturing Industry Compensation and Salary Surveys
Title
Percent of Workforce
Bottom Quartile
Average (Median) Salary
Upper Quartile
Management Occupations
5%
General and Operations Managers
2%
Business and Financial Operations Occupations
5%
Office and Administrative Support Occupations
11%
Installation, Maintenance, and Repair Occupations
5%
Production Occupations
63%
Supervisors of Production Workers
6%
First-Line Supervisors of Production and Operating Workers
6%
First-Line Supervisors of Production and Operating Workers
6%
Assemblers and Fabricators
10%
Miscellaneous Assemblers and Fabricators
10%
Assemblers and Fabricators, All Other, Including Team Assemblers
10%
Textile, Apparel, and Furnishings Workers
38%
Sewing Machine Operators
11%
Sewing Machine Operators
11%
Shoe and Leather Workers
23%
Shoe and Leather Workers and Repairers
12%
Shoe Machine Operators and Tenders
12%
Other Production Occupations
10%
Cutting Workers
12%
Cutters and Trimmers, Hand
5%
Cutting and Slicing Machine Setters, Operators, and Tenders
7%
Miscellaneous Production Workers
11%
Helpers--Production Workers
6%
Transportation and Material Moving Occupations
5%
Material Moving Workers
11%
Laborers and Material Movers, Hand
9%
Machine Feeders and Offbearers
6%
Government Contracts
The federal government spent an annual total of $30,827,485 on the leather & allied product manufacturing industry. It has awarded 1,708 contracts to 245 companies, with an average value of $125,826 per company.
Top Companies in Leather & Allied Product Manufacturing and Adjacent Industries
Company
Address
Revenue ($ Millions)
Report Objectives
For Private Equity Firms & Investors
Analyze unbiased statistics for the Leather & Allied Product Manufacturing market
Review historical and forecasted growth trends
Benchmark companies against the industry average
For Business Executives
Develop a strategy based on concrete statistics
Identify opportunities based on market size and growth rates
For Startups
Get the information you need for the "Market Analysis" section of your business plan
Show market size in the U.S. and by state
For Venture Capital
Understand market opportunity and current size
Evaluate the market potential of a disruptive technology in the Leather & Allied Product Manufacturing industry