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.

HistoricalForecasted
20202021202220232024202520262027202820292030
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)

Industry Market Size
  • 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

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesLeather & 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:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent 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

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 RatioIndustry 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

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations5%

General and Operations Managers2%
Business and Financial Operations Occupations5%
Office and Administrative Support Occupations11%
Installation, Maintenance, and Repair Occupations5%
Production Occupations63%
Supervisors of Production Workers6%
First-Line Supervisors of Production and Operating Workers6%
First-Line Supervisors of Production and Operating Workers6%
Assemblers and Fabricators10%
Miscellaneous Assemblers and Fabricators10%
Assemblers and Fabricators, All Other, Including Team Assemblers10%
Textile, Apparel, and Furnishings Workers38%
Sewing Machine Operators11%
Sewing Machine Operators11%
Shoe and Leather Workers23%
Shoe and Leather Workers and Repairers12%
Shoe Machine Operators and Tenders12%
Other Production Occupations10%
Cutting Workers12%
Cutters and Trimmers, Hand5%
Cutting and Slicing Machine Setters, Operators, and Tenders7%
Miscellaneous Production Workers11%
Helpers--Production Workers6%
Transportation and Material Moving Occupations5%
Material Moving Workers11%
Laborers and Material Movers, Hand9%
Machine Feeders and Offbearers6%

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

CompanyAddressRevenue
($ 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



Buy the Leather & Allied Product Manufacturing Report
GeographyUnited States
Publication DateFebruary 2025
Report FormatPDF Download  PDF
Price
$995
Industry Report Contents
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