Women’s Luxury Footwear Market is projected to close in on

Dubai, United Arab Emirates, February 1, 2022 (GLOBE NEWSWIRE) – Global luxury women’s shoes market Currently worth close to 30 billion US dollars, It is expected to close when evaluating 39 billion US dollars By 2029, rising at a steady compound annual growth rate 5% From 2022 to 2029.

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

Against the background of these factors, the women’s luxury footwear market is estimated to be worth US$30 billion in 2022 and is expected to expand at a healthy CAGR during the forecast period 2022-2029. In 2022, sandals and casual shoes contributed mostly to global sales of women’s luxury footwear compared to other categories (boots, heels, pumps, casual shoes, sneakers, and sneakers) in the market.

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Women’s Luxury Footwear Market Size (2022) 30 billion US dollars
Sales forecast (2029) 39 billion US dollars
Global Market Growth Rate (2022 to 2029) 5% compound annual growth rate
Share of the top 5 suppliers of luxury women’s shoes 55 %

The main takeaway – luxury women’s shoes market

  • Europe is expected to remain prominent in the global luxury women’s footwear market, due 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 one of the most important factors influencing the global luxury women’s footwear market, which can be attributed to its availability in a variety of designs.
  • High consumer exposure in websites like Amazon, Walmart etc., with 10% online penetration rate, supports online retail to become the most profitable sales channel.
  • For any inquiries related to the report, ask @analyst. https://www.futuremarketinsights.com/ask-question/rep-gb-10679

Report scope

Describe details
prediction period 2022-2029
Historical data available for 2014-2021
market analysis Value in million US dollars, volume in units
Main areas 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

Italia

France

United kingdom

North

Spain

Japan

China

India

Malaysia

Thailand

Australia

Gulf Cooperation Council countries

South Africa

Turkey

Main Market Segments Covered a product

Material

price range

sales channel

Area

An overview of the main companies dry

Louis Vuitton

barbaric

claires

Jimmy Choo PLC

Hermes

Christian Dior

Gucci

Chanel

Prada spa

John Loeb

ALDO Group Inc.

Tapestry Company

The most important trends in the luxury women’s shoes market

The women’s footwear market contributes to a higher share of market revenue than the men’s. Changing lifestyle, growing interest in fashion, and celebrity endorsements are having a huge impact on the global footwear market. The recent market trends in luxury footwear are – sustainable footwear, smart footwear, and leisure trends. The different types of prints that were very popular in the past include animal print shoes, floral print, simple heeled shoes, feather heel shoes, bright chunky sneakers, big toe sandals, etc.

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Competitive Landscape Analysis

The report highlights some of the prominent players in the global luxury women’s footwear market including Kering, Burberry, Caleres, Jimmy Choo PLC and others. Market players mainly focus on product design and innovation. Maison Baum, the German-based luxury footwear manufacturer, launched a pain-free high heel in the first quarter of 2019. The company uses patented footbed technology and an insole with anatomical ridges to transfer the wearer’s weight from the soccer ball.

Explore FMI’s ongoing comprehensive coverage of consumer products

Sustainable Footwear Market Sustainability makes business sense in relation to the supply chain, and when both companies and customers are involved throughout the value chain, it triggers a common agenda that advances around a more conscious footwear manufacturing.

Protective Boots Market Protective boots protect the feet from a variety of injuries. Impact, puncture, and pressure are among the major types of injuries in the workplace environment.

Disposable Hygienic Footwear Market Health-conscious consumers place more importance on hygiene factors in and around them. Hence, disposable hygiene shoes are one of the useful tools that help in keeping the shoes and themselves clean.

Shoe Storage & Organizers Market – The Shoe Storage & Organizers market has experienced tremendous growth over the past few years, due to the changing lifestyle of the consumer and the ease of product availability.

Shoe Dryers Market – The COVID-19 pandemic has affected most industries due to the economic slowdown and disruption in the supply chain of raw materials, which has lowered overall business confidence.

Waterproof Shoe Covers Market – Waterproof shoe covers are the type of covers that provide a protective shield to enhance the wear life, and increase the life span of expensive shoes. The waterproof shoe covers are designed with waterproof materials to protect the shoes from snow, rain and mud. The waterproof shoe covers are lint-free and spill-resistant.

Heated Electric Footwear Market – Electric heated shoes designed for applications in geographical areas where the temperature is below zero during the day and at night. These regions include the northern part of North America, Europe, East Asia, and most importantly the Arctic and Antarctic geographic region of the Earth.

Trail Shoe Market Trail Boots are off-road boots that incorporate many design elements. Trail shoes incorporate walking or running on different terrains in an outdoor environment, taking advantage of the geographical features that each area has to offer

Luxury Fragrance Market – According to the latest research by Future Market Insights, the luxury fragrance market is set to experience steady growth during 2021-2031.

Luxury Cigarette Market – According to the latest research by Future Market Insights, luxury cigarette sales are expected to grow at a significant compound annual growth rate (CAGR) during the forecast period 2021-2031. The availability of premium cigarettes will see significant growth in the long run, due to the fact that some people are willing to spend more on their smoking habit.

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