DUBLIN--(BUSINESS WIRE)--The "Global Luxury Footwear Market By Product (Formal Footwear and Casual Footwear), By End User (Women, Men and Children), By Distribution Channel (Online and Offline), By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Luxury Footwear Market size is expected to reach $46.8 billion by 2026, rising at a market growth of 11.8% CAGR during the forecast period.
Luxury footwear is a category of luxury goods. It is referred to the footwear products that are usually accompanied by wealthy or rich people. The demand for these luxurious goods rises proportionally less than income and are taken by consumers in order to support self-worth and prestige or for the class and the craftsmanship of the product. Luxury footwear products generally have characteristics that include price, rarity, aesthetics, quality, extraordinariness, and symbolism. Luxury Footwear comprises athletic footwear, leather footwear, and sneakers as well as sandals, textile footwear, and other shoes.
The market is compelled by a growing number of millionaires all across the globe, particularly among the millennial segment. As per the report by CNBC LLC, 2019, there were around 618,000 millennial millionaires, out of which about 93% of millennials have a net wealth between USD 1 million to USD 2.5 million in the U.S. The demand for luxury footwear has been increasing among the millennials. This footwear is categorized by improved qualities, like material, uniqueness, durability, and comfort, which is a conspicuous factor driving the market. The growing inclination for attractive luxury footwear as a representation of status and the fondness of consumers for flaunting various international brands, like Gucci, Chanel, Louis Vuitton, Burberry, and Prada, are boosting the product demand.
Companies Profiled
- Adidas AG
- LVMH SE
- Chanel S.A.
- Prada S.p.A.
- Salvatore Ferragamo S.p.A
- Sitoy Group Holdings Ltd. (A. Testoni)
- Airwair International Ltd. (Dr. Martens) (Permira)
- Base London, Ltd.
- Lottusse S.A.
- Burberry Group PLC
Unique Offerings
- Exhaustive coverage
- Highest number of market tables and figures
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- Assured post sales research support with 10% customization free
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Jul - 2020, Nov) Leading Players
Chapter 4. Global Luxury Footwear Market by Product
4.1 Global Formal Footwear Market by Region
4.2 Global Casual Footwear Market by Region
4.3 Global Luxury Footwear Market by End User
4.4 Global Women Market by Region
4.5 Global Men Market by Region
4.6 Global Children Market by Region
Chapter 5. Global Luxury Footwear Market by Distribution Channel
5.1 Global Online Luxury Footwear Market by Region
5.2 Global Offline Luxury Footwear Market by Region
Chapter 6. Global Luxury Footwear Market by Region
6.1 North America Luxury Footwear Market
6.2 Europe Luxury Footwear Market
6.3 Asia Pacific Luxury Footwear Market
6.4 LAMEA Luxury Footwear Market
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/u2mso0
