DUBAI, United Arab Emirates, 01 Feb. 2022 (GLOBE NEWSWIRE) — The world Women’s luxury footwear market currently worth close to $30 billion, and should approach a valuation of $39 billion by 2029, increasing at a stable CAGR of 5% from 2022 to 2029.

The recent past has observed an increase in the number of HNWI population in 2021. Globally, the HNWI population reached 22.4 million and their total wealth accounted for US$61.275 billion in 2021. Europe accounted a high growth rate of the HNWI population, with nearly 5.6 million HNWI population. This leads to high purchasing power of individuals. In addition, the growth of the female labor force and the participation of women in the labor market in regions such as Japan, the United Kingdom and France are helping to increase their purchasing power to buy luxury shoes.

Based on these factors, the women’s luxury footwear market is estimated to be worth US$30 billion in 2022 and is expected to grow at a healthy CAGR during the forecast period 2022-2029. In 2022, the global sales of luxury women’s shoes are mainly driven by sandals and casual flats compared to other categories (boots, heels and pumps, and casual shoes, sneakers and sports shoes) in the market.

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Luxury Women’s Footwear Market Size (2022) US$30 billion
Sales forecast (2029) $39 billion
Global market growth rate (2022 to 2029) 5% CAGR
Share of Top 5 Luxury Women’s Shoes Suppliers 55 %

Key Points – Luxury Women’s Footwear Market

  • Europe is expected to remain dominant in the global women’s luxury footwear market owing to the high concentration of luxury footwear manufacturers such as JIMMY CHOO PLC, Hermes, Christian Dior, Gucci, Chanel, etc.
  • The sandals and flats segment is considered a key attribute of the global women’s luxury footwear market, which can be attributed to their availability in a wide variety of designs.
  • High consumer exposure on websites such as Amazon, Walmart, etc. with an online penetration rate of 10% helps online retail to become the most lucrative sales channel.
  • For any questions related to the report, ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-10679

Report scope

Attribute Details
Forecast period 2022-2029
Historical data available for 2014-2021
Market analysis Value in US$ millions, Volume in Units
Key regions covered North America

Latin America

Europe

East Asia

South Asia and the Pacific

Middle East and Africa (MEA)

Main countries covered we

Canada

Mexico

Brazil

Mexico

Argentina

Germany

Italy

France

UK

Nordic

Spain

Japan

China

India

Malaysia

Thailand

Australia

GCC countries

South Africa

Turkey

Key Market Segments Covered Product

Equipment

Price scale

Sales channel

Region

Profiled Key Companies Kering

Louis Vuitton

Burberry

wedges

Jimmy Choo PLC

Hermes

Christian Dior

Gucci

Chanel

Prada Spa

John Lob

ALDO Group Inc.

Tapestry Inc.

Key Trends in the Luxury Women’s Footwear Market

The women’s footwear market contributes a high revenue share compared to that of men. Changing lifestyle, growing fashion concerns and celebrity endorsement are having a significant impact on the global footwear market. Recent trends in the luxury footwear market include: sustainable footwear, smart footwear, and athleisure trends. Different types of prints that have been very popular in the past include animal print boots, floral prints, minimalist style heels, feather heels, bright chunky sneakers, big toe sandals, etc.

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Competitive landscape analysis

The report sheds light on some prominent players in the global women’s luxury footwear market including Kering, Burberry, Caleres, Jimmy Choo PLC and others. Market players mainly focus on product design and innovation. Maison Baum, a Germany-based luxury shoemaker, launched a pain-free high heel in the first quarter of 2019. The company uses its patented insole technology and an insole with anatomical elevations to shift the weight of wearers from the sole.

Explore IMF’s extensive ongoing consumer products coverage

Sustainable Footwear Market – Sustainability makes real business sense as it relates to the supply chain, and when companies and customers are engaged across the value chain, it triggers a common agenda moving towards manufacturing more conscious shoes.

Protective Footwear Market – Protective footwear is used to protect the feet against a wide variety of injuries. Impact, puncture and compression are among the main types of injuries in the workplace.

Disposable Hygiene Footwear Market – Health conscious consumers place more importance on hygiene factors in and around them. Therefore, disposable hygiene shoes are one of the practical tools that help maintain the hygiene of shoes and themselves.

Shoe Storage and Organizer Market – The shoe storage and organizer market has witnessed phenomenal growth over the past few years, owing to the changing lifestyle of the consumer and the easy availability of the product.

Shoe Dryer Market – The COVID-19 pandemic has affected most of the industries due to the economic downturn and disruption in the raw material supply chain, which has led to a decline in overall business confidence.

Waterproof Shoe Covers Market – Waterproof Shoe Covers are the type of shoe covers that provide a protective shield to improve the service life, increase the service life of expensive shoes. Waterproof overshoes are designed with water resistant material to protect the shoe from snow, rain and slush. Waterproof overshoes are lint-free and liquid-resistant.

Electric Heated Shoes Market – The electric heated shoes designed for its applications in the geographies where the temperature is below zero degrees all day and night. These areas include the northern part of North America, Europe, East Asia, and most importantly, the geographic area at the North Pole and South Pole of the Earth.

Trail Shoes Market – Trail shoes are footwear intended for off-road journeys that include several design elements. Trail running shoes involve walking or running on different terrain in an outdoor environment, taking advantage of the geographical characteristics that each region offers

Luxury Perfume Market – According to the latest research from Future Market Insights, the luxury perfume market is expected to experience steady growth in 2021-2031.

Luxury Cigarettes Market – According to the latest research from Future Market Insights, sales of luxury cigarettes are expected to grow at a significant CAGR during the forecast period 2021-2031. The availability of luxury cigarettes will see significant growth in the long term, due to the fact that some people are willing to spend more on their smoking habit.

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