Luxury Footwear Market Report 2025

The luxury footwear market size has grown strongly in recent years. It will grow from $30 billion in 2024 to $32.22 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to globalization of fashion, brand prestige, craftsmanship and quality materials, limited editions and exclusivity, heritage and legacy.

The luxury footwear market size is expected to see strong growth in the next few years. It will grow to $42.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to sustainability focus, emerging market growth, inclusivity and diversity, wellness and comfort, crisis resilience. Major trends in the forecast period include digital marketing and social medial, cultural and artistic collaborations, direct-to-consumer (DTC) strategies, storytelling and brand narrative, innovative designs.

The increase in disposable income is projected to drive the growth of the luxury footwear market in the coming years. Disposable income refers to the amount of money households have available for spending and saving after income taxes have been deducted. As individuals experience higher levels of disposable income, they are more inclined to allocate a portion of their funds toward luxury footwear, motivated by the desire for prestige, exclusivity, and the superior quality associated with premium brands. For example, in October 2023, the Bureau of Economic Analysis, a U.S.-based government agency that provides economic statistics, reported that disposable personal income in the United States rose to $20.45 trillion in October 2023, an increase from $20.38 trillion in September 2023. This represents a 0.31% growth. Therefore, the surge in disposable income is fueling the expansion of the luxury footwear market.

The rapid expansion of the e-commerce industry is anticipated to drive the growth of the luxury footwear market in the coming years. E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the internet. Online platforms allow luxury footwear retailers to display their products, engage with a broader audience, and provide a convenient and accessible shopping experience, thereby attracting more customers. For example, in May 2024, the Census Bureau, a U.S.-based government agency, reported that e-commerce sales rose by 8.5% in the first quarter of 2024 compared to the same period in 2023, accounting for 15.6% of total retail sales, which saw a year-over-year increase of 2.8%. Thus, the ongoing expansion of the e-commerce industry is significantly contributing to the growth of the luxury footwear market.

Prominent companies in the luxury footwear market are pioneering innovative products such as sneakers to establish a competitive edge. Sneakers, also known as athletic shoes or trainers, are footwear primarily intended for sports, physical activities, and casual wear. For instance, in August 2022, Chanel Ltd., a UK-based luxury brand, unveiled Chanel's Fall/Winter 2022/2023 Pre-Collection - a captivating lineup of sneakers seamlessly blending luxury fashion with athletic functionality. This collection introduces two distinct styles offered in rich autumnal color palettes. Embracing an athleisure aesthetic, these sneakers integrate iconic Chanel design elements, such as quilted midsoles inspired by the brand's signature flap bags and mesh interlocking C's. By harmonizing classic silhouettes with elevated details, Chanel continues to leave an imprint in the sneaker landscape, presenting a stylish fusion of heritage and innovation. Available for purchase at Chanel boutiques, the collection's prices range from $1275 to $1350 USD.

Prominent companies in the luxury footwear sector are embracing strategic partnership approaches to enrich their offerings by fostering exclusive collaborations with esteemed high-end designers or brands. Strategic partnerships entail companies leveraging each other's strengths and resources to attain mutual advantages and achieve collective success. For instance, in December 2023, Aditya Birla Fashion and Retail, an India-based fashion retail powerhouse, joined forces with Christian Louboutin S.A., a France-based footwear and accessories icon, renowned for its iconic red-soled shoes. This strategic collaboration involves the formation of a new subsidiary under ABFRL, with both partners holding an equal stake, exemplifying their joint commitment to influencing and enhancing India's luxury footwear market. The collaboration between ABFRL and Christian Louboutin aspires to deliver unmatched elegance and style to the discerning Indian consumer base, amalgamating the strengths of a leading Indian fashion conglomerate with the esteemed reputation of a global luxury footwear brand.

In July 2023, Kering SA, a company based in France, acquired Valentino for $1.87 billion. This acquisition is intended to enhance Kering's portfolio by integrating Valentino's expertise in luxury footwear. Valentino LLC is an Italy-based company known for manufacturing high-end footwear.

Major companies operating in the luxury footwear market include LVMH Moët Hennessy Louis Vuitton SE, Adidas AG, Kering S.A., Chanel Limited, Hermès International S.A., Guccio Gucci S.p.A, Tricker's Shoes Ltd., Burberry Group plc, Paraboot SAS, Prada S.p.A., Armani Group S.p.A., J Choo USA Inc., Stuart Weitzman LLC, Aldo Brue Inc., A. Testoni & C. S.p.A, Airwair International Ltd., Base London Limited, Dr. Martens plc, Furla S.p.A., Grenson Shoes Ltd, John Lobb Bootmaker Ltd, Longchamp SAS, Lottusse S.A., Moreschi S.p.A., Mulberry Group plc, Scarosso S.r.l.

North America was the largest region in the luxury footwear market in 2024. Western Europe was the second largest region in the luxury footwear market share in 2024. The regions covered in the luxury footwear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the luxury footwear market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Luxury footwear refers to high-end shoes made from top-quality materials, offering greater durability, uniqueness, and comfort. Luxury footwear is characterized by its higher price, premium quality, rarity, aesthetics, extraordinariness, and symbolism.

The main luxury footwear products include shoes, sandals, and other types of footwear. Luxury shoes are crafted using premium quality materials to provide greater durability, uniqueness, and comfort. What sets luxury shoes apart are their rare quality, sophisticated design, exceptional craftsmanship, longevity, and timeless appeal. These luxury footwear products are available through both online and offline channels and cater to men, women, and children.

The luxury footwear market research report is one of a series of new reports that provides luxury footwear market statistics, including global market size, regional shares, competitors with a luxury footwear market share, detailed luxury footwear market segments, market trends and opportunities, and any further data you may need to thrive in the luxury footwear industry. This luxury footwear market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The luxury footwear market consists of sales of fashion boots, cowboy boots, hiking boots, sneakers and heels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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