Women’s Luxury Footwear Market to Reach US$ 51.7 Billion by 2030, Driven by Rising Demand for Artisanal Craftsmanship, Sustainable Practices, and Elevated Fashion Statements

The global women’s luxury footwear market is expected to approach US$ 51.7 billion by 2030, with an annual growth rate of more than 7.8%

Wilmington, Delaware, Nov. 27, 2023 (GLOBE NEWSWIRE) — Global Women’s Luxury Footwear Market is valued at US$ 30.5 billion in 2023 and is expected to grow at a significant CAGR of over 7.8% over the forecast period of 2023-2030, according to the published market report by RationalStat

Market Definition, Market Scope, and Report Overview

Women’s luxury footwear refers to high-end and premium-quality shoes designed for women with an emphasis on superior craftsmanship, exclusive materials, and sophisticated design.

Increasing disposable income, especially among affluent consumers, contributes to a higher demand for luxury goods, including premium footwear. As consumers have more purchasing power, they are willing to invest in high-quality and prestigious brands. In addition, the expanding population of high-net-worth individuals (HNWIs) and the upper-middle-class demographic globally contribute to a larger market for luxury goods, including footwear. Luxury brands target this affluent consumer base with exclusive and high-end products.

Moreover, the increasing emphasis on fashion and personal style drives consumers to seek unique and trendsetting footwear. Luxury brands often set fashion trends, attracting fashion-conscious consumers who want to make a statement with their footwear choices.

• According to a deep-dive market assessment by RationalStat, the global women’s luxury footwear market has been analyzed on the basis of market segments, including product type, material, distribution channel and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global women’s luxury footwear market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global women’s luxury footwear market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Women’s Luxury Footwear Market: Segmental and Market Share Analysis

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• On the basis of product, in 2022, the transcatheter aortic valve segment dominated the market with a 52% revenue share, because of the growing trend for minimally invasive surgeries and the expansion of research activities.

• On the basis of end user, the hospital segment led the market in terms of revenue, accounting for 42% of the total. The fundamental reason for the segment’s dominance is the enormous number of patients served by hospitals.

Report Synopsis

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Competition Analysis and Market Structure

Some of the prominent players and suppliers operating and contributing significantly to the global women’s luxury footwear market growth include Christian Louboutin, Manolo Blahnik, Jimmy Choo, Guccio Gucci S.p.A., PRADA, Salvatore Ferragamo S.P.A., CHANEL, VALENTINO S.p.A., TOD’S SPA, Alexander McQueen, and SOPHIA WEBSTER LTD, among others.

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RationalStat has segmented the global women’s luxury footwear market based on product type, material, distribution channel and region

• Global Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Product Type

  • High Heels

  • Flats and Ballerinas

  • Sandals

  • Boots

  • Shoes

  • Others

• Global Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Material

  • Leather

  • Exotic Skins

  • Textile & Fabric

  • Others

• Global Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Distribution Channel

  • Online

  • Offline

• Global Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region

  • North America Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

  • Latin America Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Benelux

    • Nordic

    • Rest of Western Europe

  • Eastern Europe Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

    • Russia

    • Poland

    • Hungary

    • Other CIS Countries

    • Rest of Eastern Europe

  • Asia Pacific Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • ASEAN

      • Indonesia

      • Thailand

      • Philippines

      • Vietnam

      • Malaysia

      • Rest of ASEAN

    • Rest of Asia Pacific

  • Middle East & Africa Women’s Luxury Footwear Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country

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Key Questions Answered in the Women’s Luxury Footwear Report:

• What will be the market value of the global women’s luxury footwear market by 2030?

• What is the market size of the global women’s luxury footwear market?

• What are the market drivers of the global women’s luxury footwear market?

• What are the key trends in the global women’s luxury footwear market?

• Which is the leading region in the global women’s luxury footwear market?

• What are the major companies operating in the global women’s luxury footwear market?

• What are the market shares by key segments in the global women’s luxury footwear market?

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.

• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.

• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.

• Evaluating and analyzing the data by referring to data sources utilized and leveraged.

• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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About RationalStat LLC                    

RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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