Global Women's Luxury Footwear Market Outlook to 2029 - Featuring Adidas, Aerogroup International, ASICS, Avia and Bacca Bucci Fashion Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Women's Luxury Footwear Market Outlook (2022-2029)" report has been added to ResearchAndMarkets.com's offering.

The market for women's luxury footwear is currently worth close to US$ 30Bn in 2022, and is projected to close in on a valuation of US$ 39Bn by 2029, rising at a steady CAGR of 5% from 2022 to 2029.

Globally, there were 22.4 million HNWIs, and in 2021, their combined wealth totalled US$ 61,275 billion. With over 5.6 million HNWIs, Europe had the highest pace of HNWI population increase. As a result, people have large purchasing power. Additionally, the rise in the number of working women and the inclusion of women in the labour force in nations like Japan, the UK, and France contribute.

In 2022, worldwide sales of women's luxury footwear are mostly contributed by sandals and flats casual as compared to other categories (boots, heels & pumps, and casual, sneakers & sports shoes) in the market.

Companies Mentioned

• Adidas AG
• Aerogroup International, LLC
• ASICS Corporation
• Avia, Inc.
• Bacca Bucci Fashions Pvt. Ltd.
• Bata Limited
• Brinley Co.
• Burberry Group PLC
• Catwalk Worldwide Pvt. Ltd.
• Columbia Sportswear Co.
• Crocs, Inc.
• Deichmann SE
• Edelman Shoe, Inc.
• Fila Holding S.p.A.
• Industria de Diseno Textil SA
• Jack Wolfskin GmbH & Co
• Kathmandu Holdings Limited
• Michael Kors Holdings Ltd.
• New Balance Athletics, Inc.
• NIKE, Inc.
• Polartec, LLC
• PUMA SE
• R.G. Barry Corporation
• Sarah Flint
• Skechers U.S.A., Inc.
• Sympatex Technologies GmbH
• The ALDO Group Inc.
• Under Armour, Inc.
• VF Corporation
• W. L. Gore & Associates, Inc
• Wolverine World Wide, Inc.

Key Takeaways - Women's Luxury Footwear Market

• Europe is expected to remain prominent 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 & flats segment is considered a key attributor to the global women's luxury footwear market, which can be attributed to their availability in a wide variety of designs.
• High exposure of consumers in websites such as Amazon, Walmart, etc., with a 10% online penetration rate, supports online retail in becoming the most lucrative sales channel.
• An increasing number of high-net-worth individuals (HNI) led to a surge in demand for custom footwear. Advancements in technology such as 3D printing and advanced sensors would also push manufacturers to introduce innovative shoe designs.

Top Trends in Women's Luxury Footwear Market

• The women's footwear market contributes high market revenue share as compared to men's. Changing lifestyles, growing fashion concerns, and celebrity endorsement have a significant impact on the global footwear market. The recent market trends in luxury footwear are - sustainable footwear, smart shoes, and athleisure trends. Different types of prints with huge popularity in the past include animal print boots, florals print, minimalist style heels, feather heels, bright chunky sneakers, big toe sandals, etc.

Competitive Landscape Analysis

• The report highlights some prominent players in the global women's luxury footwear market, which include Kering, Burberry, Caleres, Jimmy Choo PLC, and others. Market players primarily focus on product design and innovation. Maison Baum, a Germany-based luxury footwear manufacturer, launched a pain free high heel in Q1 2019. The company uses its patented footbed technology and an insole with anatomical elevations to shift wearers' weight from the ball of the foot.

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