Luxury Footwear Market Size, Trends and Insights By Product Type (Casual Footwear, Formal Footwear), By Gender (Male, Female, Children), By Distribution Channel (Online Buyers, Offline Buyers), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Adidas AG
- Alexander McQueen
- Amedeo Testoni
- Balenciaga
- Base London
- Others
Reports Description
Global Luxury Footwear Market was valued at USD 36.8 Billion in 2024 and is expected to reach USD 67.9 Billion by 2033, at a CAGR of 6.10% during the forecast period 2024 – 2033.
Luxury Footwear Market: Growth Factors
Growing Disposable Income and Changing Consumer Preferences
As global economies continue to grow, disposable income levels rise, leading to increased spending on luxury items like footwear. Consumers are increasingly inclined towards luxury footwear due to changing lifestyles and fashion trends.
According to the United Nations, global disposable income is expected to rise by 2.7% annually through 2030. This trend is particularly evident in emerging markets such as China and India, where the middle class is expanding rapidly, driving demand for luxury goods.
The shift towards online shopping has further fuelled the growth of the luxury footwear market. With the convenience of e-commerce platforms, consumers have easier access to a wide range of luxury footwear options from renowned brands.
The global e-commerce market is projected to reach $6.5 trillion by 2023, indicating significant growth opportunities for luxury footwear brands to expand their online presence and reach a broader consumer base.
Celebrity Endorsements and Influencer Marketing
Celebrity endorsements and influencer marketing play a crucial role in driving demand for luxury footwear. High-profile endorsements by celebrities and influencers often lead to increased brand visibility and credibility, influencing consumer purchasing decisions.
For instance, when a celebrity is spotted wearing a particular luxury footwear brand, it often results in a surge in demand for that brand’s products. According to a study by Forbes, products endorsed by celebrities witnessed a 4% increase in sales on average.
Social media platforms like Instagram, YouTube, and TikTok have become powerful channels for luxury footwear brands to engage with consumers and showcase their products through influencer partnerships and sponsored content.
With the rise of social media influencers, brands can reach a wider audience and create authentic connections with consumers. Studies show that influencer marketing delivers a return on investment (ROI) of $5.20 for every dollar spent, highlighting its effectiveness in driving sales and brand awareness for luxury footwear companies.
Luxury Footwear Market: Restraints
Counterfeit Products and Brand Imitations
The luxury footwear market faces challenges from counterfeit products and brand imitations, particularly in regions with weak intellectual property rights enforcement. Counterfeit goods not only undermine the exclusivity and prestige associated with luxury brands but also result in revenue losses for legitimate manufacturers.
According to the Organization for Economic Co-operation and Development (OECD), counterfeit products account for approximately 3.3% of global trade, with footwear being one of the most frequently counterfeited categories.
Counterfeit products not only harm the reputation of luxury footwear brands but also pose risks to consumer health and safety, as they may not meet quality standards and regulations. The prevalence of counterfeit goods erodes consumer trust and confidence in the authenticity of luxury footwear products, impacting sales and brand loyalty.
Economic Uncertainty and Fluctuating Consumer Spending
Economic uncertainty and fluctuations in consumer spending patterns pose significant challenges to the luxury footwear market. During periods of economic downturn or recession, consumers tend to prioritize essential expenses over discretionary purchases like luxury footwear, leading to a decline in demand.
The COVID-19 pandemic, for example, disrupted global economies and resulted in reduced consumer spending on non-essential items, including luxury goods. Moreover, geopolitical tensions, trade disputes, and currency fluctuations can impact consumer sentiment and purchasing power, affecting demand for luxury footwear in international markets.
Uncertainty regarding tariffs and trade policies can also disrupt supply chains and increase production costs for luxury footwear manufacturers, further impacting profitability. As a result, luxury footwear brands need to adopt flexible pricing strategies and diversify their product offerings to mitigate the effects of economic uncertainty and fluctuations in consumer spending.
Luxury Footwear Market: Opportunity
Growing Demand for Sustainable Luxury Footwear
One significant market opportunity within the global luxury footwear sector is the increasing demand for sustainable products. With growing environmental concerns and a shift towards ethical consumerism, luxury footwear brands have an opportunity to capitalize on this trend by offering sustainable options to their customers.
According to a report by the United Nations Environment Programme (UNEP), consumer awareness regarding sustainable fashion has been steadily increasing, with a notable rise in demand for eco-friendly products, including footwear. The sustainable fashion market, including footwear, has experienced significant growth in recent years.
According to data from the Sustainable Apparel Coalition (SAC), sales of sustainable fashion products have been increasing steadily, indicating a growing market opportunity for luxury footwear brands that prioritize sustainability.
Surveys conducted by organizations like the Ethical Fashion Forum reveal that a significant portion of consumers prefer to purchase products from brands that demonstrate a commitment to sustainability and ethical production practices. This presents an opportunity for luxury footwear companies to differentiate themselves in the market by offering eco-friendly options.
Emerging Markets and Rising Disposable Income
Another key opportunity in the global luxury footwear market lies in expanding into emerging markets and catering to the growing affluent consumer base in these regions. As economies develop and disposable incomes rise, there is an increasing demand for luxury goods, including footwear, presenting a lucrative opportunity for luxury brands to expand their global presence.
Emerging markets, particularly in Asia-Pacific and Latin America, have been experiencing robust economic growth in recent years. According to data from the International Monetary Fund (IMF), countries like China, India, Brazil, and Indonesia have shown significant GDP growth, translating to increased purchasing power and demand for luxury products.
Rapid urbanization in emerging markets has led to lifestyle changes and increased exposure to global fashion trends. As urban populations grow, there is a greater demand for luxury fashion items, including footwear, among affluent city dwellers.
Luxury Footwear Market: Segmentation Analysis
Global Luxury Footwear market is segmented by product type, gender and distribution channels.
Based on Product Type, the Luxury footwear market is segmented into Casual Footwear and formal Footwear. Among all these segments Casual Footwear held the highest market share in 2023. Casual footwear tends to have broader appeal and is often more versatile in terms of occasions and styling, leading to higher demand compared to formal footwear.
With the rise of athleisure fashion and increasing preference for comfortable yet stylish footwear options, the casual footwear segment is likely experiencing faster growth compared to formal footwear.
Based on Gender, the Luxury footwear market is segmented into Male, Female, Children. Among all these segments Males held the highest market share in 2023. Historically, the male footwear market has been larger due to factors such as men’s preferences for more durable and versatile styles, as well as their greater participation in certain activities like sports and outdoor pursuits.
While the male segment may be leading in terms of overall market size, the female segment is often experiencing faster growth due to trends in fashion, changing consumer preferences, and increasing purchasing power among female consumers.
Based on the Distribution Channel, the Luxury footwear market is segmented into Online Buyers and offline Buyers. Among all these segments Offline Buyers held the highest market share in 2023. Despite the rise of online shopping, a significant portion of footwear purchases still occur through offline channels, including physical retail stores.
This is because many consumers prefer to try on shoes for fit and comfort before making a purchase. The online retail sector, including footwear, has been experiencing rapid growth driven by factors such as convenience, wider product selection, and advancements in e-commerce technology. This segment is likely to continue growing as more consumers embrace online shopping.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 36.8 Billion |
| Projected Market Size in 2033 | USD 67.9 Billion |
| Market Size in 2023 | USD 34.8 Billion |
| CAGR Growth Rate | 6.10% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Gender, Distribution Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Luxury Footwear Market: Regional Insight
North America stands out as the leading region in the luxury footwear market due to several reasons. First and foremost, North America boasts a strong economy with high disposable income levels among its population, which enables consumers to afford luxury goods including footwear.
Major metropolitan areas such as New York, Los Angeles, and Toronto are significant hubs for luxury fashion, attracting both domestic and international consumers. Additionally, North American consumers are known for their penchant for luxury brands and their willingness to spend on high-end products, making it a lucrative market for luxury footwear brands.
Furthermore, the region is home to many iconic luxury footwear brands that have established a strong presence and reputation over the years.
The Asia Pacific region emerges as the fastest-growing market for luxury footwear. The Asia Pacific region encompasses rapidly developing economies such as China, India, Japan, and South Korea, where there is a burgeoning middle class with increasing purchasing power.
As disposable incomes rise and urbanization accelerates, there is a growing appetite for luxury goods, including premium footwear, among consumers in these countries. Moreover, the influence of Western fashion trends and the proliferation of luxury brands expanding their presence in the region contribute to the growth of the luxury footwear market in Asia Pacific.
Additionally, factors such as social media, celebrity endorsements, and a growing awareness of fashion trends further fuel the demand for luxury footwear among the younger demographic in the region.
Luxury Footwear Market: Recent Developments
- In January 2024, Gucci Partnered with Metaverse Platform Roblox. Gucci partnered with Roblox to create a virtual Gucci Garden experience. This experience allows users to purchase limited-edition virtual Gucci items for their avatars, showcasing the brand’s embrace of the metaverse and its potential for luxury fashion.
- In February 2024, Prada Launched NFT Collection with Adidas Originals. Prada collaborated with Adidas Originals to release a limited-edition collection of physical and digital sneakers. Each physical sneaker comes with a corresponding NFT, creating a unique ownership experience and further blurring the lines between physical and digital luxury goods.
- LVMH Announced Sustainability Goals for Leather Production (December 2023): LVMH, the world’s largest luxury goods group, unveiled ambitious sustainability goals for its leather supply chain. These goals include reducing the environmental impact of leather production by 30% by 2030 and sourcing 100% of its leather from certified farms by 2025. This move reflects the growing importance of sustainability in the luxury sector.
- In November 2023, Dr. Martens Opened Flagship Store in Metaverse Platform Decentraland. Martens opened a virtual flagship store in Decentraland, allowing users to explore the store, purchase virtual items, and participate in exclusive events. This move signifies the brand’s exploration of new retail channels and its understanding of the growing importance of the metaverse for younger generations.
- In October 2023, Manolo Blahnik Launched Resale Platform with The RealReal. Manolo Blahnik partnered with The RealReal, a luxury resale platform, to launch a dedicated resale platform for its shoes. This move allows customers to buy and sell pre-owned Manolo Blahnik shoes, catering to the growing demand for sustainable and circular fashion practices in the luxury segment.
List of the prominent players in the Luxury Footwear Market:
- Adidas AG
- Alexander McQueen
- Amedeo Testoni
- Balenciaga
- Base London
- Bottega Veneta
- Brian Atwood
- Burberry Group PLC
- Chanel Limited
- Christian Louboutin
- Dior
- Martens
- Fendi
- Givenchy
- Golden Goose
- GUCCI
- Hermès
- Jimmy Choo S.r.l.
- John Lobb Bootmaker
- Lottusse – Mallorca
- Louis Vuitton
- LVMH
- Mach & Mach
- Manolo Blahnik
- Miu Miu
- Permira I.P Limited (Dr. Martens)
- Prada S.p.A
- Roger Vivier
- Saint Laurent
- Salvatore Ferragamo
- Silvano Lattanzi
- Stuart Weitzman
- Tod’s3
- Valentino
- Versace
- Walter Steiger
- Zintala S.r.l (Silvano Lattanzi)
- Others
These key players are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Luxury Footwear Market is segmented as follows:
By Product Type
- Casual Footwear
- Formal Footwear
By Gender
- Male
- Female
- Children
By Distribution Channel
- Online Buyers
- Offline Buyers
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Luxury Footwear Market, (2024 – 2033) (USD Billion)
- 2.2 Global Luxury Footwear Market: snapshot
- Chapter 3. Global Luxury Footwear Market – Industry Analysis
- 3.1 Luxury Footwear Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing Disposable Income and Changing Consumer Preferences
- 3.2.2 Celebrity Endorsements and Influencer Marketing
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Gender
- 3.7.3 Market Attractiveness Analysis By Distribution Channel
- Chapter 4. Global Luxury Footwear Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Luxury Footwear Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Luxury Footwear Market – Product Type Analysis
- 5.1 Global Luxury Footwear Market Overview: By Product Type
- 5.1.1 Global Luxury Footwear Market Share, By Product Type, 2024 and – 2033
- 5.2 Casual Footwear
- 5.2.1 Global Luxury Footwear Market by Casual Footwear, 2024 – 2033 (USD Billion)
- 5.3 Formal Footwear
- 5.3.1 Global Luxury Footwear Market by Formal Footwear, 2024 – 2033 (USD Billion)
- 5.1 Global Luxury Footwear Market Overview: By Product Type
- Chapter 6. Global Luxury Footwear Market – Gender Analysis
- 6.1 Global Luxury Footwear Market Overview: By Gender
- 6.1.1 Global Luxury Footwear Market Share, By Gender, 2024 and – 2033
- 6.2 Male
- 6.2.1 Global Luxury Footwear Market by Male, 2024 – 2033 (USD Billion)
- 6.3 Female
- 6.3.1 Global Luxury Footwear Market by Female, 2024 – 2033 (USD Billion)
- 6.4 Children
- 6.4.1 Global Luxury Footwear Market by Children, 2024 – 2033 (USD Billion)
- 6.1 Global Luxury Footwear Market Overview: By Gender
- Chapter 7. Global Luxury Footwear Market – Distribution Channel Analysis
- 7.1 Global Luxury Footwear Market Overview: By Distribution Channel
- 7.1.1 Global Luxury Footwear Market Share, By Distribution Channel, 2024 and – 2033
- 7.2 Online Buyers
- 7.2.1 Global Luxury Footwear Market by Online Buyers, 2024 – 2033 (USD Billion)
- 7.3 Offline Buyers
- 7.3.1 Global Luxury Footwear Market by Offline Buyers, 2024 – 2033 (USD Billion)
- 7.1 Global Luxury Footwear Market Overview: By Distribution Channel
- Chapter 8. Luxury Footwear Market – Regional Analysis
- 8.1 Global Luxury Footwear Market Regional Overview
- 8.2 Global Luxury Footwear Market Share, by Region, 2024 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Luxury Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.4 North America Luxury Footwear Market, by Product Type, 2024 – 2033
- 8.4.1 North America Luxury Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Luxury Footwear Market, by Gender, 2024 – 2033
- 8.5.1 North America Luxury Footwear Market, by Gender, 2024 – 2033 (USD Billion)
- 8.6 North America Luxury Footwear Market, by Distribution Channel, 2024 – 2033
- 8.6.1 North America Luxury Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Luxury Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Luxury Footwear Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Luxury Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Luxury Footwear Market, by Gender, 2024 – 2033
- 8.9.1 Europe Luxury Footwear Market, by Gender, 2024 – 2033 (USD Billion)
- 8.10 Europe Luxury Footwear Market, by Distribution Channel, 2024 – 2033
- 8.10.1 Europe Luxury Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Luxury Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Luxury Footwear Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Luxury Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Luxury Footwear Market, by Gender, 2024 – 2033
- 8.13.1 Asia Pacific Luxury Footwear Market, by Gender, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Luxury Footwear Market, by Distribution Channel, 2024 – 2033
- 8.14.1 Asia Pacific Luxury Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Luxury Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Luxury Footwear Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Luxury Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Luxury Footwear Market, by Gender, 2024 – 2033
- 8.17.1 Latin America Luxury Footwear Market, by Gender, 2024 – 2033 (USD Billion)
- 8.18 Latin America Luxury Footwear Market, by Distribution Channel, 2024 – 2033
- 8.18.1 Latin America Luxury Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Luxury Footwear Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Luxury Footwear Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Luxury Footwear Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Luxury Footwear Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Luxury Footwear Market, by Gender, 2024 – 2033
- 8.21.1 The Middle-East and Africa Luxury Footwear Market, by Gender, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Luxury Footwear Market, by Distribution Channel, 2024 – 2033
- 8.22.1 The Middle-East and Africa Luxury Footwear Market, by Distribution Channel, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Adidas AG
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Alexander McQueen
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Amedeo Testoni
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Balenciaga
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Base London
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Bottega Veneta
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Brian Atwood
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Burberry Group PLC
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Chanel Limited
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Christian Louboutin
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Dior
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Dr. Martens
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Fendi
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Givenchy
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Golden Goose
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 GUCCI
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Hermès
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Jimmy Choo S.r.l.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 John Lobb Bootmaker
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Lottusse – Mallorca
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Louis Vuitton
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.22 LVMH
- 9.22.1 Overview
- 9.22.2 Financials
- 9.22.3 Product Portfolio
- 9.22.4 Business Strategy
- 9.22.5 Recent Developments
- 9.23 Mach & Mach
- 9.23.1 Overview
- 9.23.2 Financials
- 9.23.3 Product Portfolio
- 9.23.4 Business Strategy
- 9.23.5 Recent Developments
- 9.24 Manolo Blahnik
- 9.24.1 Overview
- 9.24.2 Financials
- 9.24.3 Product Portfolio
- 9.24.4 Business Strategy
- 9.24.5 Recent Developments
- 9.25 Miu Miu
- 9.25.1 Overview
- 9.25.2 Financials
- 9.25.3 Product Portfolio
- 9.25.4 Business Strategy
- 9.25.5 Recent Developments
- 9.26 Permira I.P Limited (Dr. Martens)
- 9.26.1 Overview
- 9.26.2 Financials
- 9.26.3 Product Portfolio
- 9.26.4 Business Strategy
- 9.26.5 Recent Developments
- 9.27 Prada S.p.A
- 9.27.1 Overview
- 9.27.2 Financials
- 9.27.3 Product Portfolio
- 9.27.4 Business Strategy
- 9.27.5 Recent Developments
- 9.28 Roger Vivier
- 9.28.1 Overview
- 9.28.2 Financials
- 9.28.3 Product Portfolio
- 9.28.4 Business Strategy
- 9.28.5 Recent Developments
- 9.29 Saint Laurent
- 9.29.1 Overview
- 9.29.2 Financials
- 9.29.3 Product Portfolio
- 9.29.4 Business Strategy
- 9.29.5 Recent Developments
- 9.30 Salvatore Ferragamo
- 9.30.1 Overview
- 9.30.2 Financials
- 9.30.3 Product Portfolio
- 9.30.4 Business Strategy
- 9.30.5 Recent Developments
- 9.31 Silvano Lattanzi
- 9.31.1 Overview
- 9.31.2 Financials
- 9.31.3 Product Portfolio
- 9.31.4 Business Strategy
- 9.31.5 Recent Developments
- 9.32 Stuart Weitzman
- 9.32.1 Overview
- 9.32.2 Financials
- 9.32.3 Product Portfolio
- 9.32.4 Business Strategy
- 9.32.5 Recent Developments
- 9.33 Tod’s3
- 9.33.1 Overview
- 9.33.2 Financials
- 9.33.3 Product Portfolio
- 9.33.4 Business Strategy
- 9.33.5 Recent Developments
- 9.34 Valentino
- 9.34.1 Overview
- 9.34.2 Financials
- 9.34.3 Product Portfolio
- 9.34.4 Business Strategy
- 9.34.5 Recent Developments
- 9.35 Versace
- 9.35.1 Overview
- 9.35.2 Financials
- 9.35.3 Product Portfolio
- 9.35.4 Business Strategy
- 9.35.5 Recent Developments
- 9.36 Walter Steiger
- 9.36.1 Overview
- 9.36.2 Financials
- 9.36.3 Product Portfolio
- 9.36.4 Business Strategy
- 9.36.5 Recent Developments
- 9.37 Zintala S.r.l (Silvano Lattanzi)
- 9.37.1 Overview
- 9.37.2 Financials
- 9.37.3 Product Portfolio
- 9.37.4 Business Strategy
- 9.37.5 Recent Developments
- 9.38 Others.
- 9.38.1 Overview
- 9.38.2 Financials
- 9.38.3 Product Portfolio
- 9.38.4 Business Strategy
- 9.38.5 Recent Developments
- 9.1 Adidas AG
List Of Figures
Figures No 1 to 23
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Adidas AG
- Alexander McQueen
- Amedeo Testoni
- Balenciaga
- Base London
- Bottega Veneta
- Brian Atwood
- Burberry Group PLC
- Chanel Limited
- Christian Louboutin
- Dior
- Martens
- Fendi
- Givenchy
- Golden Goose
- GUCCI
- Hermès
- Jimmy Choo S.r.l.
- John Lobb Bootmaker
- Lottusse – Mallorca
- Louis Vuitton
- LVMH
- Mach & Mach
- Manolo Blahnik
- Miu Miu
- Permira I.P Limited (Dr. Martens)
- Prada S.p.A
- Roger Vivier
- Saint Laurent
- Salvatore Ferragamo
- Silvano Lattanzi
- Stuart Weitzman
- Tod’s3
- Valentino
- Versace
- Walter Steiger
- Zintala S.r.l (Silvano Lattanzi)
- Others
FAQs
The Counterfeit Products and Brand Imitations is major restraint in global Luxury Footwear market.
The Growing Disposable Income and Changing Consumer Preferences is major driver in global Luxury Footwear market.
The “Casual Footwear” category dominated the market in 2023.
The key players in the market are Adidas AG, Alexander McQueen, Amedeo Testoni, Balenciaga, Base London, Bottega Veneta, Brian Atwood, Burberry Group PLC, Chanel Limited, Christian Louboutin, Dior, Dr. Martens, Fendi, Givenchy, Golden Goose, GUCCI, Hermès, Jimmy Choo S.r.l., John Lobb Bootmaker, Lottusse – Mallorca, Louis Vuitton, LVMH, Mach & Mach, Manolo Blahnik, Miu Miu, Permira I.P Limited (Dr. Martens), Prada S.p.A, Roger Vivier, Saint Laurent, Salvatore Ferragamo, Silvano Lattanzi, Stuart Weitzman, Tod’s3, Valentino, Versace, Walter Steiger, Zintala S.r.l (Silvano Lattanzi), Others.
“North America” had the largest share in the Luxury Footwear Market.
The global market is projected to grow at a CAGR of 6.10% during the forecast period, 2024-2033.
The Luxury Footwear Market size was valued at USD 36.8 Billion in 2024.
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