Global Luxury Footwear Market Outlook, Opportunities And Strategies – Includes Luxury Footwear Market Share
Learn about the global luxury footwear market through The Business Research Company, which provides information on luxury footwear market size, luxury footwear market drivers and restraints, luxury footwear market players, the COVID-19 impact on the luxury footwear market, and more.
The global luxury footwear market size is expected to grow from $24.37 billion in 2021 to $25.78 billion in 2022 at a compound annual growth rate (CAGR) of 5.8%. The global luxury footwear market size is expected to grow to $32.48 billion in 2026 at a CAGR of 5.9%.
The increasing spending on designer and branded luxury items is expected to propel the growth of the luxury footwear market.
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The luxury footwear market consists of sales of luxury footwear products by entities (organizations, sole traders, and partnerships) that are manufactured using premium quality materials and provide greater durability, uniqueness and comfort. Luxury footwear is a type of luxury product that are typically associated with the wealthy or affluent. Price, quality, rarity, beauty, extraordinariness, and symbolism are all common qualities of luxury footwear. Luxury footwear products usually have the characteristics that include higher price, premium quality, rarity, aesthetics, extraordinariness, and symbolism.
Global Luxury Footwear Market Segments Include:
By Product Type: Shoes, Sandals, Others
By Distribution Channel: Online, Offline
By End-User: Men, Women, Children
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the luxury footwear market in 2021.
Technological advancements are a key trend gaining popularity in the luxury market. The companies operating in the luxury footwear market are focusing on developing future-sustainable and innovative products with recycled plastics, to meet sustainability goals set by global organizations and governments across the globe.
Major Market Players: LVMH, A.Testoni, Adidas AG, Base London, Burberry Group PLC, Chanel, Dr. Martens, Furla SpA, Guccio Gucci S.p.A, Hermes International S.A., John Lobb Bootmaker, Longchamp, Lottusse, Luxottica Group, Mulberry Group, Prada Group, Airwair International Ltd., Armani Group, J Choo USA, Inc., Kering, Lee Cooper, Puma, Reebok International, and Stuart Weitzman.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Luxury Footwear Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides luxury footwear market overviews, analyzes and forecasts market size, share, luxury footwear market players, luxury footwear market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s luxury footwear market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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