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Luxury Footwear Market by Type (Formal Shoes, Casual Shoes) by End-user (Men, Women, Children) by Distribution Channel (Online, Offline) : Global Industry Size, Share, Statistics and Forecast 2015 – 2027

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Luxury Footwear Market Analysis

Luxury footwear, and other forms of designer apparel, are fascinating in how they come to signify the wearer’s social and economic status. The very logo of a famous brand is sufficient to show the world just how fashion-savvy one is and where they stand in terms of their family background and standing.

Ironically, just a handful of people can afford luxury apparel. Footwear, in particular, for even the affluent, is often the last thing they would purchase from a famous designer. Yet, the industry is thriving as ever. It was valued at USD 30.11 billion in 2020 and is expected to grow at a CAGR rate of 5.4% between 2021 and 2027. Experts suggest it will cross USD 47.47 billion in 2027 only!

Luxury footwear is essentially just footwear that has been manufactured using various top-quality raw materials; hence, the makers charge a higher price for it. However, it can be distinguished from regular, non-branded footwear of its superior finish, durability, creative design, and comfort. Additionally, luxury footwear manufacturers maintain their exclusivity by avoiding mass-production of any kind.

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Interesting Facts about Luxury Footwear Industry

  • The global average per capita revenue generated by the Luxury Footwear industry was USD 3.8 in 2020
  • Online Channel is growing in popularity with over 16% share in 2020
  • S., Japan, France, Italy, China, and Italy collectively held over 50% share of global revenue
  • The top five players dominated the global luxury footwear market with over 55% in 2020
  • Luxury Footwear is just 10% of the overall footwear industry

Ever Increasing Expenditure by Millennials on Luxury Footwear

Across the world, rising disposable income and growing brand-consciousness amongst people are escalating the demand for luxury footwear, despite their exorbitant price tags. Millennials are at the forefront of this phenomenon: Even those who do not come from the kind of wealth required for one to be able to afford luxury footwear can be seen sporting the latest moccasins from Gucci or the fanciest heels by Christian Louboutin.

This is in conjunction with the rising influence of social media and the seemingly ever-growing fashion industry. Together, these factors propel the growth of the global luxury footwear market, especially amongst youngsters who wish to be known for their brands.

New Product Launch is Major Strategy

A growth strategy common to the luxury footwear market is introducing a large variety of products to cater to a more extensive consumer base. In this connection, brands involved herein are initiating business partnerships with manufacturers to sell customized luxury footwear together and split the profits. They are competing based on material, design, colors, and size. Key players operating in the global luxury footwear industry include Base London, John Lobb Bootmaker, Chanel S.A., LVMH, Lottusse – Mallorca, Burberry, Silvano Lattanzi, Prada S.p.A, A.Testoni, Salvatore Ferragamo, Adidas AG, and Dr. Martens.

Also worth mentioning is the benefit Covid-19 has afforded to the market. With strict lockdowns in place, leading luxury footwear brands were forced to shift their focus to online distribution platforms, thereby reaching an international customer base.

Another key factor is the rising awareness of environmental issues and how footwear production could contribute to them. As a result, more and more people demand sustainable practices, and eco-friendly materials are used in the luxury footwear they buy. Such innovation and people’s love for fashion will strengthen the market further.

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COVID 19 Offered Major Setback

The global luxury footwear market has seen the downside of Covid-19 as well. In the U.S. alone, footfall in all footwear stores declined by 42% in 2020. Not to mention, delivery of the necessary raw materials, as well as the finished products, only slowed business down further.

Formal Footwear to Lead the Market

Formal Shoes and Casual Shoes are significant types of luxury footwear. Formal footwear is the top category among all end-user segments, i.e., Men, Women, and Children. While online distribution channel is rising in popularity among young and middle age buyers.

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

 

2. Executive Summary

2.1. Market Snapshot: Global Luxury Footwear Market

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Luxury Footwear Market Value, 2015-2027, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2020

3.3.1. Type

3.3.2. Distribution Channel

3.3.3. End-user

3.3.4. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

 

4. Market Positioning of Key Players, 2020

4.1. Company market share of key players, 2020

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Luxury Footwear Market Pre Vs Post COVID 19, 2019 – 2027

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

 

6. North America

6.1. North America Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

6.2.1. Overview

6.2.2. Formal Shoes

6.2.3. Casual Shoes

6.3. North America Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

6.3.1. Overview

6.3.2. Men

6.3.3. Women

6.3.4. Children

6.4. North America Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

6.4.1. Overview

6.4.2. Online

6.4.3. Offline

 

7. Europe

7.1. Europe Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

7.1.1. UK

7.1.2. France

7.1.3. Germany

7.1.4. Italy

7.1.5. Russia

7.1.6. Spain

7.1.7. Belgium

7.1.8. Netherland

7.1.9. Austria

7.1.10. Sweden

7.1.11. Poland

7.1.12. Denmark

7.1.13. Formal Shoes

7.1.14. Casual Shoes

7.2. Europe Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

7.2.1. Overview

7.2.2. Men

7.2.3. Women

7.2.4. Children

7.3. Europe Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

7.3.1. Overview

7.3.2. Online

7.3.3. Offline

 

8. Asia Pacific

8.1. Asia Pacific Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

8.1.1. China

8.1.2. Japan

8.1.3. South Korea

8.1.4. India

8.1.5. Australia

8.1.6. New Zealand

8.1.7. Taiwan

8.1.8. Southeast Asia

8.1.9. Central Asia

8.1.10. Rest of Asia Pacific

8.2. Asia Pacific Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

8.2.1. Overview

8.2.2. Formal Shoes

8.2.3. Casual Shoes

8.3. Asia Pacific Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

8.3.1. Overview

8.3.2. Men

8.3.3. Women

8.3.4. Children

8.4. Asia Pacific Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

8.4.1. Overview

8.4.2. Online

8.4.3. Offline

 

9. Latin America

9.1. Latin America Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

9.1.1. Brazil

9.1.2. Argentina

9.1.3. Peru

9.1.4. Chile

9.1.5. Colombia

9.1.6. Rest of Latin America

9.2. Latin America Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

9.2.1. Overview

9.2.2. Formal Shoes

9.2.3. Casual Shoes

9.3. Latin America Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

9.3.1. Overview

9.3.2. Men

9.3.3. Women

9.3.4. Children

9.4. Latin America Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

9.4.1. Overview

9.4.2. Online

9.4.3. Offline

 

10. Middle East

10.1. Middle East Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

10.1.1. UAE

10.1.2. KSA

10.1.3. Israel

10.1.4. Turkey

10.1.5. Iran

10.1.6. Rest of Middle East

10.2. Middle East Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

10.2.1. Overview

10.2.2. Formal Shoes

10.2.3. Casual Shoes

10.3. Middle East Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

10.3.1. Overview

10.3.2. Men

10.3.3. Women

10.3.4. Children

10.4. Middle East Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

10.4.1. Overview

10.4.2. Online

10.4.3. Offline

 

11. Africa

11.1. Africa Luxury Footwear Market, by Country, 2015-2027(US$ Bn)

11.1.1. South Africa

11.1.2. Egypt

11.1.3. Nigeria

11.1.4. Rest of Africa

11.2. Africa Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

11.2.1. Overview

11.2.2. Formal Shoes

11.2.3. Casual Shoes

11.3. Africa Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

11.3.1. Overview

11.3.2. Men

11.3.3. Women

11.3.4. Children

11.4. Africa Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

11.4.1. Overview

11.4.2. Online

11.4.3. Offline

 

12. Global

12.1. Global Luxury Footwear Market, by Type, 2015-2027(US$ Bn)

12.1.1. Overview

12.1.2. Formal Shoes

12.1.3. Casual Shoes

12.2. Global Luxury Footwear Market, by Product Type, 2015-2027(US$ Bn)

12.2.1. Overview

12.2.2. Men

12.2.3. Women

12.2.4. Children

12.3. Global Luxury Footwear Market, by Distribution Channel, 2015-2027(US$ Bn)

12.3.1. Overview

12.3.2. Online

12.3.3. Offline

 

13. Company Profiles

13.1. Base London

13.2. John Lobb Bootmaker

13.3. Chanel S.A.

13.4. LVMH

13.5. Lottusse – Mallorca

13.6. Burberry

13.7. Silvano Lattanzi

13.8. Prada S.p.A

13.9. A.Testoni

13.10. Salvatore Ferragamo

13.11. Adidas AG

13.12. Dr. Martens

13.13. Others

 

List of Figures

FIG. 1 Global Luxury Footwear Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Luxury Footwear Market Segmentation

FIG. 4 Global Luxury Footwear Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Luxury Footwear Market, by Distribution Channel, 2019 (US$ Bn)

FIG. 6 Global Luxury Footwear Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Luxury Footwear Market Manufacturers, 2019

FIG. 9 Global Luxury Footwear Market Value Contribution, By Type, 2020 & 2027 (Value %)

FIG. 10 Global Luxury Footwear Market, by FormalLuxury Footwear, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Luxury Footwear Market, by Casual Luxury Footwear, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Luxury Footwear Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)

FIG. 13 Global Luxury Footwear Market, by Offline, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Luxury Footwear Market, by Online, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Luxury Footwear Market Value Contribution, By End-user, 2020 & 2027 (Value %)

FIG. 16 Global Luxury Footwear Market, by Men, Value, 2015-2027 (US$ Bn)

FIG. 17 Global Luxury Footwear Market, by Women, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Luxury Footwear Market, by Children, Value, 2015-2027 (US$ Bn)

FIG. 19 U.S. Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 20 Rest of North America Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 21 U.K. Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 22 Germany Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 23 France Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 24 Italy Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 25 Spain Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 26 Russia Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 27 BENELUX Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 28 Poland Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 29 Austria Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 30 Rest of Europe Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 31 Japan Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 32 China Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 33 India Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 34 South Korea Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 35 Australia Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 36 Southeast Asia Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 37 Rest of Asia Pacific Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 38 Middle East & Africa Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 39 South Africa Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 40 Nigeria Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 41 Egypt Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 42 GCC Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 43 Israel Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 44 Latin America Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 45 Mechanicalzil Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 46 Argentina Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 47 Colombia Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 48 Peru Luxury Footwear Market, 2015-2027 (US$ Bn)

FIG. 49 Chile Luxury Footwear Market, 2015-2027 (US$ Bn)

 

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Luxury Footwear) Market

TABLE 2 Global Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Footwear Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Footwear Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Footwear Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Footwear Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Footwear Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Footwear Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Footwear Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Footwear Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Footwear Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Base London: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 24 John Lobb Bootmaker: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 25 Chanel S.A.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 26 LVMH: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 27 Lottusse – Mallorca: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 28 Burberry: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 Silvano Lattanzi: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Prada S.p.A: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 A.Testoni: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Salvatore Ferragamo: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Adidas AG: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 34 Dr. Martens: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

How COVID 19 Impacted Luxury Footwear Market?

Likewise other industries, COVID 19 also taken a toll on Luxury Footwear market with around 8.22% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Luxury Footwear?

North America is the largest regional market with highest share in the total volume of Luxury Footwear consumed in 2020

What is the major growth driving factors for global Luxury Footwear market?

Increasing expenditure by millennials on luxury products to drive the demand

Which is major segment in Luxury Footwear market by type?

Formal Luxury Footwear segment dominated the Luxury Footwear market in 2020

Which is major segment in Luxury Footwear market by distribution channel?

Supermarkets/Hypermarkets was the largest distribution channel of Luxury Footwear in 2020

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