Luxury Footwear Market Size, Share & Trends Analysis Report By Product (Fashion Footwear, Formal Footwear, Sneakers, Loafers), By End-user (Men, Women), By Price Point by Type, By Distribution Channel, By Region, and Segment Forecasts, 2024 - 2030

PUBLISHED: December 7, 2023

PAGES: 80 Pages

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The global luxury footwear market size is anticipated to reach USD 57.38 billion by 2030 and is projected to grow at a CAGR of 7.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing influence of casual and streetwear on high-end fashion is also responsible for the rise of luxury footwear globally, where it is now increasingly acceptable to pair footwear with a tailored suit. Luxury brands like Kering, Prada, and Balenciaga are launching striking and expensive designs in sneakers, putting them in direct competition with large sportswear players like Asics, Nike, Puma, New Balance, and Adidas.

Formal shoe luxury footwear led the market in 2023. With the growing demand for luxury shoes among the millennial population worldwide, many luxury footwear brands have started catering to the casual shoe category to gain the attention of the consumers. For instance, in 2018, KIZIK design, a luxury footwear brand, announced the launch of its patented hands-free technology that offers automatic fit to the wearer. The shoes come without shoelace and when worn, the technology ensures that shoes are flexibly opened to let the foot go in without the involvement of the hands.

The casual shoe segment is anticipated to be the fastest-growing segment from 2024 to 2030. New product launches in sustainable space, latest styles, fashion shows by famous personalities, and celebrity endorsements in luxury footwear are among the major reasons attracting varied set of consumers worldwide.

The women segment led the market in 2023. The increasing participation of women in corporate roles has raised the number of first-time buyers of luxury footwear across the globe. According to the data from the United States Department of Labor, in 2018, close to 45% of the workforce in the U.S. were women. A large number of women are opting for unique and luxury footwear to experience products of high quality and portray a certain image in the society.

Offline distribution channels dominated the market in 2023. Wide product range, offers, and discounts attracting a larger number of consumers are the key strategies opted by such channels to increase revenue and footfall in any store. In addition, consumers have the propensity of physically verifying the making, durability, and the uniqueness of the luxury footwear in person by visiting a store as these examinations offer them more confidence to buy the product.

The online distribution channel is expected to witness the fastest CAGR over the forecast period. The rising popularity of e-commerce channels among the manufacturers and high internet penetration has been driving the sales through this channel. In addition, an increase in the number of luxury private sales websites, such as gilt.com, ruelala.com, and hautelook.com, has been boosting the segment growth.

North America dominated the market for luxury footwear with a revenue share of 29.0% in 2023. Growth in the market is powered by the strong presence of high net worth individuals (HNW) in the region. According to a report by Wealth-X, in 2018, New York was the home to the most HNW individuals in the world, approximately 65% as compared to that of second city with HNW in the world. The people in this region have high disposable income and affluence for luxury products, which is fueling the regional market growth.

Luxury Footwear Market Report Highlights:

In terms of distribution channel, the online segment is expected to witness the fastest CAGR of 7.4% throughout the forecast period. The increasing availability of a wide range of luxury footwear of different brands, free delivery, and seasonal discount on e-retailer platforms are among the major reasons driving the segment
Asia Pacific is expected to register the fastest CAGR of 7.3% from 2022 to 2030. Social media marketing campaigns, growing preference for luxury footwear by millennials, and increasing disposable income have been boosting the number of first-time buyers, thus driving the market in the region
In terms of product, the fashion luxury footwear segment dominated the market with a revenue share of 40.5% in 2023. Shifting trends from conventional to luxury footwear among people is playing a crucial role in expanding customer reach

Product Code: GVR-4-68039-106-6

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
1.4. Information Analysis
- 1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook

Chapter 3. Luxury Footwear Market Variables, Trends & Scope

3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
- 3.2.1. Sales/Retail Channel Analysis
- 3.2.2. Profit Margin Analysis
3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.3.4. Industry Opportunities
3.4. Business Environment Analysis
- 3.4.1. Industry Analysis - Porter's
  - 3.4.1.1. Supplier Power
  - 3.4.1.2. Buyer Power
  - 3.4.1.3. Substitution Threat
  - 3.4.1.4. Threat from New Entrants
  - 3.4.1.5. Competitive Rivalry
3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Luxury Footwear Market: Product Estimates & Trend Analysis

5.1. Product Movement Analysis & Market Share, 2023 & 2030
5.2. Sneakers
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.3. Loafers
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.4. Fashion Footwear
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.5. Formal Footwear
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
5.6. Others
- 5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 6. Luxury Footwear Market: Price Point by Type Estimates & Trend Analysis

6.1. Price Point Movement Analysis & Market Share, 2023 & 2030
6.2. Below USD 400
- 6.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.2.1.1. Sneakers
  - 6.2.1.2. Loafers
  - 6.2.1.3. Fashion Footwear
  - 6.2.1.4. Formal Footwear
  - 6.2.1.5. Others
6.3. USD 400 to USD 800
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.3.1.1. Sneakers
  - 6.3.1.2. Loafers
  - 6.3.1.3. Fashion Footwear
  - 6.3.1.4. Formal Footwear
  - 6.3.1.5. Others
6.4. Above USD 800
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 6.4.1.1. Sneakers
  - 6.4.1.2. Loafers
  - 6.4.1.3. Fashion Footwear
  - 6.4.1.4. Formal Footwear
  - 6.4.1.5. Others

Chapter 7. Luxury Footwear Market: End User Estimates & Trend Analysis

7.1. End User Movement Analysis & Market Share, 2023 & 2030
7.2. Men
- 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.3. Women
- 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
7.4. Children
- 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 8. Luxury Footwear Market: Distribution Channel Estimates & Trend Analysis

8.1. Distribution Channel Movement Analysis & Market Share, 2023 & 2030
8.2. Offline
- 8.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
8.3. Online
- 8.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)

Chapter 9. Luxury Footwear Market: Regional Estimates & Trend Analysis

9.1. Regional Movement Analysis & Market Share, 2023 & 2030
9.2. North America
- 9.2.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.2.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 9.2.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
- 9.2.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
- 9.2.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.2.6. U.S.
  - 9.2.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.2.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.2.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.2.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.2.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.2.7. Canada
  - 9.2.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.2.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.2.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.2.7.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.2.7.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.2.8. Mexico
  - 9.2.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.2.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.2.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.2.8.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.2.8.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
9.3. Europe
- 9.3.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.3.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 9.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
- 9.3.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
- 9.3.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.3.6. UK
  - 9.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.3.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.3.6.3. Market estimates and forecast, by end user, 2018 - 2030 (USD Million)
  - 9.3.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.3.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.3.7. Germany
  - 9.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.3.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.3.7.3. Market estimates and forecast, by end user, 2018 - 2030 (USD Million)
  - 9.3.7.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.3.7.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.3.8. Italy
  - 9.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.3.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.3.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.3.8.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.3.8.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.3.9. France
  - 9.3.9.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.3.9.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.3.9.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.3.9.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.3.9.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.3.10. Spain
  - 9.3.10.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.3.10.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.3.10.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.3.10.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.3.10.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
9.4. Asia Pacific
- 9.4.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 9.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
- 9.4.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
- 9.4.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.4.6. China
  - 9.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.4.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.4.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.4.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.4.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.4.7. Japan
  - 9.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.4.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.4.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.4.7.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.4.7.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.4.8. India
  - 9.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.4.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.4.8.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.4.8.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.4.8.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.4.9. Australia
  - 9.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.4.9.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.4.9.3. Market estimates and forecast, by end user, 2018 - 2030 (USD Million)
  - 9.4.9.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.4.9.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.4.10. South Korea
  - 9.4.10.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.4.10.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.4.10.3. Market estimates and forecast, by end user, 2018 - 2030 (USD Million)
  - 9.4.10.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.4.10.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
9.5. Central & South America
- 9.5.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 9.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
- 9.5.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
- 9.5.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.5.6. Brazil
  - 9.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.5.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.5.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.5.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.5.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
9.6. Middle East & Africa
- 9.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
- 9.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
- 9.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
- 9.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
- 9.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)
- 9.6.6. South Africa
  - 9.6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million)
  - 9.6.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million)
  - 9.6.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million)
  - 9.6.6.4. Market estimates and forecast, by price point by type, 2018 - 2030 (USD Million)
  - 9.6.6.5. Market estimates and forecast, by distribution channel, 2018 - 2030 (USD Million)

Chapter 10. Competitive Analysis

10.1. Recent developments & impact analysis, by key market participants
10.2. Company Categorization
10.3. Participant's Overview
10.4. Financial Performance
10.5. Product Benchmarking
10.6. Company Market Share Analysis, 2023 (%)
10.7. Company Heat Map Analysis
10.8. Strategy Mapping
10.9. List of key companies analyzed in this section include:
- 10.9.1. LVMH
- 10.9.2. Chanel Limited
- 10.9.3. Burberry Group PLC
- 10.9.4. Silvano Lattanzi
- 10.9.5. Prada S.p.A
- 10.9.6. A.Testoni
- 10.9.7. Dr. Martens
- 10.9.8. Base London
- 10.9.9. John Lobb Bootmaker
- 10.9.10. Salvatore Ferragamo
- 10.9.11. Lottusse - Mallorca
- 10.9.12. Adidas AG

Product Code: GVR-4-68039-106-6

List of Tables

Table 1. Luxury Footwear Market - Key Market Driver Analysis
Table 2. Luxury Footwear Market - Key Market Restraint Analysis
Table 3. Luxury Footwear market estimates & forecast, by product (USD Billion)
Table 4. Luxury Footwear market estimates & forecast, by end-user (USD Billion)
Table 4. Luxury Footwear market estimates & forecast, by price point (USD Billion)
Table 5. Luxury Footwear market estimates & forecast, by distribution channel (USD Billion)
Table 6. U.S. macro-economic outlay
Table 7. Canada macro-economic outlay
Table 8. Mexico macro-economic outlay
Table 9. Germany macro-economic outlay
Table 10. U.K. macro-economic outlay
Table 11. France macro-economic outlay
Table 12. Italy macro-economic outlay
Table 13. Spain macro-economic outlay
Table 14. China macro-economic outlay
Table 15. India macro-economic outlay
Table 16. Japan macro-economic outlay
Table 17. Australia macro-economic outlay
Table 18. South Korea macro-economic outlay
Table 19. Brazil macro-economic outlay
Table 20. South Africa macro-economic outlay
Table 21. Recent developments & impact analysis, by key market participants
Table 22. Company market share, 2023
Table 23. Company heat map analysis

List of Figures

Fig. 1 Luxury footwear market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Competitive landscape Snapshot
Fig. 9 Global luxury footwear market size, 2018 to 2030 (USD Billion)
Fig. 10 Luxury footwear market: Value chain analysis
Fig. 11 Luxury footwear market: Profit-margin analysis
Fig. 12 Luxury footwear market: Dynamics
Fig. 13 Luxury footwear market: Porter's five forces analysis
Fig. 14 Factors influencing buying decisions for luxury footwear
Fig. 15 Luxury footwear market, by Product: Key takeaways
Fig. 16. Luxury footwear market, by Product: Market share, 2023 & 2030
Fig. 17 Luxury formal shoe market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 18 Luxury casual shoe market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 19 Luxury footwear market, by End-use: Key takeaways
Fig. 20 Luxury footwear market, by End-use: Market share, 2023 & 2030
Fig. 21 Men luxury footwear estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Women luxury footwear market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 23 Children luxury footwear market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Luxury footwear market, by distribution channel: Key takeaways
Fig. 25 Luxury footwear market, by distribution channel: Market share, 2023 & 2030
Fig. 26. Luxury footwear market estimates & forecasts, through offline, 2018 - 2030 (USD Billion)
Fig. 27 Luxury footwear market estimates & forecasts, through online, 2018 - 2030 (USD Billion)
Fig. 28 Luxury footwear market revenue, by region, 2023 & 2030 (USD Billion)
Fig. 29 Regional marketplace: Key takeaways
Fig. 30 North America luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 31 U.S. luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 32 Canada luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 33 Mexico luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 34 Europe luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 35 Germany luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 36 U.K. luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 37 France luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 38 Italy luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 39 Spain luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 40 Asia Pacific luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 41 China luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 42 India luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 43 Japan luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 44 South Korea luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 45 Australia luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 46 Middle East & Africa luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 47 South Africa luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 48 Central and South America luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 49 Brazil luxury footwear market estimates & forecast, 2018 - 2030 (USD Billion)
Fig. 50 Company market share analysis, 2023
Fig. 51 Strategic framework of luxury footwear market