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Luxury Footwear Market Analysis 2023-2032: Size, Top Segments And Forecast | LVMH, A.Testoni, Adidas AG, Base London, Burberry Group PLC
Luxury Footwear Market
Luxury Footwear Market Size, Growth Rate, And Forecast
The global luxury footwear market size grew from $25.99 billion in 2022 to $27.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The luxury footwear market size is expected to grow to $35.08 billion in 2027 at a CAGR of 6.1%.
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Luxury Footwear Market Drivers
The increasing spending on designer and branded luxury items is expected to propel the growth of the luxury footwear market. Luxury footwear is a type of luxury item that refers to footwear items that are typically associated with the wealthy or affluent. According to SaveMyCent, a US-based online coupon code provider, in 2020, US consumers spent $64.8 billion on luxury items.
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Luxury Footwear Market Segments
By Product Type: Shoes, Sandals, Other Product Types.
By Distribution Channel: Online, Offline.
By End User: Men, Women, Children.
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Luxury Footwear market.
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Luxury Footwear Market Key Players
Major competitors in the luxury footwear market include LVMH, A.Testoni, Adidas AG, Base London, Burberry Group PLC, Chanel, Dr. Martens, Furla SpA.
The Business Research Company's "Global Luxury Footwear Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Luxury Footwear Market Include:
1. Executive Summary
2. Luxury Footwear Market Characteristics
3. Luxury Footwear Market Trends And Strategies
4. Luxury Footwear Market - Macro Economic Scenario
5. Luxury Footwear Market Size And Growth
……
26. Africa Luxury Footwear Market
27. Luxury Footwear Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Luxury Footwear Market
29. Luxury Footwear Market Future Outlook and Potential Analysis
30. Appendix
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