Women’s Luxury Footwear Market Sales Accounted for Approximately 10%

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

Compared to other market segments (boots, heels & pumps, casual, sneakers & sports shoes), sandals and casual flats will contribute the majority of the global sales of women's luxury footwear in 2022.

There were 22.4 million HNWIs worldwide, and in 2021, their total wealth was US$ 61,275 billion. Europe experienced the fastest rate of growth in the HNWI population, with over 5.6 million HNWIs. People therefore have a lot of purchasing power. The inclusion of women in the workforce and the increase in the number of working women in countries like Japan, the UK, and France are additional factors.

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Key Takeaways – Women's Luxury Footwear Market

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

Compared to the men's footwear market, the women's footwear market has a higher revenue share. The global footwear market is significantly impacted by changing lifestyles, rising fashion awareness, and celebrity endorsement. Athleisure trends, smart shoes, and sustainable footwear are the most recent market trends in luxury footwear.

Animal print boots, floral prints, feather heels, chunky bright sneakers, big toe sandals, and other print styles have all enjoyed tremendous popularity in the past.

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 focuses 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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Key Segments of Women's Luxury Footwear Industry Survey

Women's Luxury Footwear Market by Product:

Women's Luxury Footwear Market by Material:

Women's Luxury Footwear Market by Price Range:

Women's Luxury Footwear Market by Sales Channel:

Women's Luxury Footwear Market by Region

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