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We expect the global luxury footwear market to exhibit a CAGR of 4.6% during 2022-2027.
The improving consumer living standards, along with the rising adoption of social media platforms for
introducing high-end products, are primarily driving the global luxury footwear market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
Based on the product, the global luxury footwear market can be segmented into formal shoes and
casual shoes. Currently, formal shoes hold the majority of the total market share.Based on the product, the global luxury footwear market can be segmented into formal shoes and
casual shoes. Currently, formal shoes hold the majority of the total market share.
Based on the end user, the global luxury footwear market has been segregated into men, women, and
children. Among these, women currently account for the largest market share.
Based on the distribution channel, the global luxury footwear market can be categorized into online and
offline. Currently, offline channel exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global luxury footwear market include A.Testoni (Sitoy Group Holdings
Ltd), Adidas AG, Base London, Burberry, Chanel S.A. (CHANEL International B.V.), Dr. Martens (Airwair
Group Limited), Hermès International S.A., Lottusse - Mallorca, LVMH Moët Hennessy - Louis Vuitton,
Prada S.p.A (LUDO srl), Salvatore Ferragamo S.P.A., and Silvano Lattanzi srl.
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