Business

Luxury Footwear Market 2022 | Size, Growth,, Share, Trends and Forecast 2027

According to the latest report by IMARC Group, titled, “Luxury Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global luxury footwear market is expected to exhibit a CAGR of 4.6% during 2022-2027.

Luxury footwear is made up of premium quality materials. On the basis of durability, uniqueness, and comfort, it can be compared to its affordable counterparts. It is expensive, exclusive, and scarcely available in the market as it is not mass-produced. The increasing preference for lavish fashion brands as a status symbol is positively impacting the market.

Request for a free sample copy of this report: https://www.imarcgroup.com/luxury-footwear-market/requestsample

Market Trends:

The growing fashion industry and improving living standards with inflating disposable income are primarily driving the market growth. Moreover, increasing penetration of social media with rapid urbanization is also propelling the product demand. Furthermore, advent of a wide product range by various key industries with alliances and strategic partnerships to enable customized footwear and a broad selection range in material, design, color, and size to expand the consumer base is catalyzing the market growth. Additionally, the rapid shift in distribution channels of luxury footwear from offline towards online platforms is further augmenting the market. Other factors, including continuous adoption of sustainable materials in manufacturing footwear with increasing environmental awareness and assertive promotional activities with numerous product innovations, will proliferate the market growth in the coming years.

Breakup by Product:

  • Formal Shoes
  • Casual Shoes

Breakup by End User:

  • Men
  • Women
  • Children

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Some of these key players include:

  • A.Testoni (Sitoy Group Holdings Ltd)
  • Adidas AG
  • Base London
  • Burberry
  • Chanel S.A. (CHANEL International B.V.)
  • Dr. Martens (Airwair Group Limited)
  • Hermès International S.A.
  • Lottusse – Mallorca
  • LVMH Moët Hennessy – Louis Vuitton
  • Prada S.p.A (LUDO srl)
  • Salvatore Ferragamo S.P.A.
  • Silvano Lattanzi srl.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/luxury-footwear-market

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

Related Articles

Back to top button