The global Women’s Luxury Footwear Market is currently worth close to US$ 30 Bn, and is projected to close in on a valuation of US$ 39 Bn by 2029, rising at a steady CAGR of 5% from 2022 to 2029.
The recent past has observed an increased in number of HNWI population in 2021. Globally, HNWI population reached 22.4 million, and their total wealth accounted for US$ 61,275 Bn in 2021. Europe accounted for high growth rate of HNWI population, with almost 5.6 Mn HNWI population. This leads to high purchasing power of individuals. In addition, growing working women population and women’s labor force participation in regions such as Japan, the United Kingdom, and France help increase their purchasing power to buy luxury footwear.
On the back of these factors, the Women’s Luxury Footwear Market is estimated to be valued at US$ 30 Bn in 2022, and expected to expand at a healthy CAGR during the forecast period of 2022-2029. In 2022, worldwide sales of women’s luxury footwear are mostly contributed by sandals and flats casual as compared to other categories (boots, heels & pumps, and casual, sneakers & sports shoes) in the market.
| Women’s Luxury Footwear Market Size (2022) | US$ 30 Bn | |
| Sales Forecast (2029) | US$ 39 Bn | |
| Global Market Growth Rate (2022 to 2029) | 5% CAGR | |
| Share of Top 5 Women’s Luxury Footwear Suppliers | 55 | % |
Request Sample PDF Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-10679
Key Takeaways – Women’s Luxury Footwear Market
- Europe is expected to remain prominent in the global women’s luxury footwear market, owing to high concentration of luxury footwear manufacturers such as JIMMY CHOO PLC, Hermes, Christian Dior, Gucci, Chanel, etc.
- The sandals & flats segment is considered as key attributor to the global women’s luxury footwear market, which can be attributed to their availability in wide variety of designs.
- High exposure of consumers in websites such as Amazon, Walmart, etc., with 10% online penetration rate, support online retail in becoming the most lucrative sales channel.
Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2029 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | Value in US$ Mn, Volume in Units |
| Key Regions Covered | North America
Latin America Europe East Asia South Asia & Pacific Middle East & Africa (MEA) |
| Key Countries Covered | U.S.
Canada Mexico Brazil Mexico Argentina Germany Italy France U.K Nordic Spain Japan China India Malaysia Thailand Australia GCC Countries South Africa Turkey |
| Key Market Segments Covered | Product
Material Price Range Sales Channel Region |
| Key Companies Profiled | Kering
Louis Vuitton Burberry Caleres Jimmy Choo PLC Hermes Christian Dior Gucci Chanel Prada SpA John Lobb The ALDO Group Inc. Tapestry Inc. |
Top Trends in Women’s Luxury Footwear Market
The women’s footwear market contributes high market revenue share as compared to men’s. Changing lifestyle, growing fashion concern, and celebrity endorsement have a significant impact on the global footwear market. The recent market trends in luxury footwear are – sustainable footwear, smart shoes, and athleisure trends. Different types of prints with huge popularity in the past include animal print boots, florals print, minimalist style heels, feather heels, bright chunky sneakers, big toe sandals, etc.
Competitive Landscape Analysis
The report highlights some prominent players in the global women’s luxury footwear market, which include Kering, Burberry, Caleres, Jimmy Choo PLC, and others. Market players primarily focuses on product design and innovation. Maison Baum, a Germany-based luxury footwear manufacturer, launched a pain free high heel in Q1 2019. The company uses its patented footbed technology and an insole with anatomical elevations to shift wearers’ weight from the ball of the foot.
Inquire Before Buying Research Report: https://www.futuremarketinsights.com/ask-question/rep-gb-10679
Key Segments of Women’s Luxury Footwear Industry Survey
Women’s Luxury Footwear Market by Product:
- Women’s Luxury Boots
- Women’s Luxury Heels & Pumps
- Women’s Luxury Sandals & Flats
- Women’s Luxury Casuals, Sneakers & Sports Shoes
Women’s Luxury Footwear Market by Material:
- Rubber Footwear
- Leather Footwear
- Polyester Footwear
- Velvet Footwear
- Canvas Footwear
- Textile Footwear
- Others
Women’s Luxury Footwear Market by Price Range:
- US$ 300-499
- US$ 500-699
- US$ 700-999
- US$ 1,000-1,299
- US$ 1,300-1,599
- US$ 1,600 & Above
Women’s Luxury Footwear Market by Sales Channel:
- Offline Sales of Women’s Luxury Footwear
- Department Stores
- Specialty Stores
- Monobrand Stores
- Off-price Stores
- Others
- Online Sales of Women’s Luxury Footwear
Women’s Luxury Footwear Market by Region
- North America Women’s Luxury Footwear Market
- Latin America Women’s Luxury Footwear Market
- Europe Women’s Luxury Footwear Market
- East Asia Women’s Luxury Footwear Market
- South Asia & Pacific Women’s Luxury Footwear Market
- Middle East & Africa (MEA) Women’s Luxury Footwear Market
Read Related Reports:
https://medium.com/@akshay.shinde.vu/dryer-sheets-market-2022-outlook-current-and-future-industry-landscape-analysis-2032-3d0746f9cce0
https://ext-6024479.livejournal.com/9188.html
https://medium.com/@akshay.shinde.vu/shisha-tobacco-market-2022-outlook-current-and-future-industry-landscape-analysis-2032-6928683e2a54
https://ext-6024479.livejournal.com/7525.html
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs