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Men Formal Shoes Market Size, Share & Industry Trends Analysis Report By Type, By Leather Type (Patent Leather, Pebble & Full grain Leather, Top grain Leather, and Suede Leather), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 299 Pages
  • December 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5922415
Description Jump to:
The Global Men Formal Shoes Market size is expected to reach $14.1 Billion by 2030, rising at a market growth of 7.1% % CAGR during the forecast period. In the year 2022, the market attained a volume of 1,23,608.5 thousand units experiencing a growth of 6.8% (2019-2022).

In 2021, London exhibited the highest GDHI per capita among the regions and countries classified according to International Territorial Levels (ITL1), wherein each individual possessed an average of £31,094 accessible for expenditure or savings. Consequently, the Europe region will generate revenue of 2,834.9 million by 2022. European countries have a long-standing tradition of fine craftsmanship in shoemaking, often passed down through generations. Countries like Italy, Spain, England, and France have established themselves as hubs for artisanal shoemaking, known for their attention to detail, precision, and traditional techniques. Some of the factors affecting the market are increasing disposable income of consumers, innovation in materials and technology, and fluctuations in the raw materials prices.

Economic prosperity and higher disposable incomes allow consumers to invest in quality formal shoes. As individuals have more purchasing power, they are willing to spend on premium, durable footwear that complements their professional and social image. With more disposable income, consumers are inclined to opt for premium or luxury formal shoe brands. Therefore, a rise in the disposable income of consumers is propelling the market growth. Moreover, Brands continually innovate by using new materials, such as sustainable and eco-friendly options, and integrating technology for enhanced comfort and performance. There's a growing focus on sustainability, leading to the use of eco-friendly materials in formal shoe production. Hence, the innovative advancements in formal shoes are growing the market demand.

However, in determining the price of a finished product, the cost and market availability of basic materials are significant determinants. The volatile price of raw materials is the primary obstacle hindering the growth of the men formal shoes market. Leather is a primary material used in the production of formal shoes. Shoe manufacturing expenses may be impacted by variations in the price of leather, a commodity subject to volatility due to demand-supply dynamics, international trade guidelines, weather conditions that affect livestock, and currency fluctuations. Thus, the fluctuating raw material prices restrain the market growth of men formal shoes.

Leather Type Outlook

On the basis of leather type, the market is segmented into patent leather, pebble & full grain leather, top grain leather, and suede leather. The patent leather segment recorded the largest revenue share in the market in 2022. Patent leather's glossy, reflective finish and sleek appearance make it stand out. The distinctive look appeals to consumers seeking formal shoes with a polished and elegant aesthetic, contributing to its demand in the market. Therefore, the unique appearance of the patent leather is driving the segment's growth.

Type Outlook

Based on type, the market is divided into oxford shoes, derby shoes, loafer shoes, and boots shoes. The loafer shoes segment garnered a significant revenue share in the market in 2022. One of the critical reasons for the growth of loafers is their comfort. They typically feature slip-on designs with no laces or buckles, providing convenience and easy wear. Loafers often incorporate cushioned insoles and flexible materials, enhancing comfort for daily wear. Hence, comfort and convenience are the factors behind the segment's growth.

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated a substantial revenue share in the shoes market. Many countries in the Asia-Pacific region, particularly China, India, Vietnam, and Indonesia, serve as major manufacturing hubs for footwear, including men's formal shoes. These countries offer cost-effective production, skilled labor, and advanced manufacturing capabilities, contributing to the region's prominence in the market.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Guccio Gucci S.p.A. (Kering Group), Cole Haan (Apax Partners LLP), Burberry Group PLC, LVMH SE (Christian Dior), Church & Co Ltd. (Prada S.p.A.), PVH Corporation, Hugo Boss AG, C & J. Clark international ltd., Alden shoe company, Dolce & Gabbana S.r.l.

Scope of the Study

Market Segments Covered in the Report:

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

  • Oxford Shoes
  • Derby Shoes
  • Loafer Shoes
  • Boots Shoes

By Leather Type (Volume, Thousand Units, USD Billion, 2019-2030)

  • Patent Leather
  • Pebble & Full grain Leather
  • Top grain Leather
  • Suede Leather

By Geography (Volume, Thousand Units, USD Billion, 2019-2030)

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Guccio Gucci S.p.A. (Kering Group)
  • Cole Haan (Apax Partners LLP)
  • Burberry Group PLC
  • LVMH SE (Christian Dior)
  • Church & Co Ltd. (Prada S.p.A.)
  • PVH Corporation
  • Hugo Boss AG
  • C & J. Clark international ltd.
  • Alden shoe company
  • Dolce & Gabbana S.r.l.

Unique Offerings

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Men Formal Shoes Market, by Type
1.4.2 Global Men Formal Shoes Market, by Leather Type
1.4.3 Global Men Formal Shoes Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Men Formal Shoes Market, by Type
4.1 Global Oxford Shoes Market, by Region
4.2 Global Derby Shoes Market, by Region
4.3 Global Loafer Shoes Market, by Region
4.4 Global Boots Shoes Market, by Region
Chapter 5. Global Men Formal Shoes Market, by Leather Type
5.1 Global Patent Leather Market, by Region
5.2 Global Pebble & Full grain Leather Market, by Region
5.3 Global Top grain Leather Market, by Region
5.4 Global Suede Leather Market, by Region
Chapter 6. Global Men Formal Shoes Market, by Region
6.1 North America Men Formal Shoes Market
6.1.1 North America Men Formal Shoes Market, by Type
6.1.1.1 North America Oxford Shoes Market, by Country
6.1.1.2 North America Derby Shoes Market, by Country
6.1.1.3 North America Loafer Shoes Market, by Country
6.1.1.4 North America Boots Shoes Market, by Country
6.1.2 North America Men Formal Shoes Market, by Leather Type
6.1.2.1 North America Patent Leather Market, by Country
6.1.2.2 North America Pebble & Full grain Leather Market, by Country
6.1.2.3 North America Top grain Leather Market, by Country
6.1.2.4 North America Suede Leather Market, by Country
6.1.3 North America Men Formal Shoes Market, by Country
6.1.3.1 US Men Formal Shoes Market
6.1.3.1.1 US Men Formal Shoes Market, by Type
6.1.3.1.2 US Men Formal Shoes Market, by Leather Type
6.1.3.2 Canada Men Formal Shoes Market
6.1.3.2.1 Canada Men Formal Shoes Market, by Type
6.1.3.2.2 Canada Men Formal Shoes Market, by Leather Type
6.1.3.3 Mexico Men Formal Shoes Market
6.1.3.3.1 Mexico Men Formal Shoes Market, by Type
6.1.3.3.2 Mexico Men Formal Shoes Market, by Leather Type
6.1.3.4 Rest of North America Men Formal Shoes Market
6.1.3.4.1 Rest of North America Men Formal Shoes Market, by Type
6.1.3.4.2 Rest of North America Men Formal Shoes Market, by Leather Type
6.2 Europe Men Formal Shoes Market
6.2.1 Europe Men Formal Shoes Market, by Type
6.2.1.1 Europe Oxford Shoes Market, by Country
6.2.1.2 Europe Derby Shoes Market, by Country
6.2.1.3 Europe Loafer Shoes Market, by Country
6.2.1.4 Europe Boots Shoes Market, by Country
6.2.2 Europe Men Formal Shoes Market, by Leather Type
6.2.2.1 Europe Patent Leather Market, by Country
6.2.2.2 Europe Pebble & Full grain Leather Market, by Country
6.2.2.3 Europe Top grain Leather Market, by Country
6.2.2.4 Europe Suede Leather Market, by Country
6.2.3 Europe Men Formal Shoes Market, by Country
6.2.3.1 Germany Men Formal Shoes Market
6.2.3.1.1 Germany Men Formal Shoes Market, by Type
6.2.3.1.2 Germany Men Formal Shoes Market, by Leather Type
6.2.3.2 UK Men Formal Shoes Market
6.2.3.2.1 UK Men Formal Shoes Market, by Type
6.2.3.2.2 UK Men Formal Shoes Market, by Leather Type
6.2.3.3 France Men Formal Shoes Market
6.2.3.3.1 France Men Formal Shoes Market, by Type
6.2.3.3.2 France Men Formal Shoes Market, by Leather Type
6.2.3.4 Russia Men Formal Shoes Market
6.2.3.4.1 Russia Men Formal Shoes Market, by Type
6.2.3.4.2 Russia Men Formal Shoes Market, by Leather Type
6.2.3.5 Spain Men Formal Shoes Market
6.2.3.5.1 Spain Men Formal Shoes Market, by Type
6.2.3.5.2 Spain Men Formal Shoes Market, by Leather Type
6.2.3.6 Italy Men Formal Shoes Market
6.2.3.6.1 Italy Men Formal Shoes Market, by Type
6.2.3.6.2 Italy Men Formal Shoes Market, by Leather Type
6.2.3.7 Rest of Europe Men Formal Shoes Market
6.2.3.7.1 Rest of Europe Men Formal Shoes Market, by Type
6.2.3.7.2 Rest of Europe Men Formal Shoes Market, by Leather Type
6.3 Asia Pacific Men Formal Shoes Market
6.3.1 Asia Pacific Men Formal Shoes Market, by Type
6.3.1.1 Asia Pacific Oxford Shoes Market, by Country
6.3.1.2 Asia Pacific Derby Shoes Market, by Country
6.3.1.3 Asia Pacific Loafer Shoes Market, by Country
6.3.1.4 Asia Pacific Boots Shoes Market, by Country
6.3.2 Asia Pacific Men Formal Shoes Market, by Leather Type
6.3.2.1 Asia Pacific Patent Leather Market, by Country
6.3.2.2 Asia Pacific Pebble & Full grain Leather Market, by Country
6.3.2.3 Asia Pacific Top grain Leather Market, by Country
6.3.2.4 Asia Pacific Suede Leather Market, by Country
6.3.3 Asia Pacific Men Formal Shoes Market, by Country
6.3.3.1 China Men Formal Shoes Market
6.3.3.1.1 China Men Formal Shoes Market, by Type
6.3.3.1.2 China Men Formal Shoes Market, by Leather Type
6.3.3.2 Japan Men Formal Shoes Market
6.3.3.2.1 Japan Men Formal Shoes Market, by Type
6.3.3.2.2 Japan Men Formal Shoes Market, by Leather Type
6.3.3.3 India Men Formal Shoes Market
6.3.3.3.1 India Men Formal Shoes Market, by Type
6.3.3.3.2 India Men Formal Shoes Market, by Leather Type
6.3.3.4 South Korea Men Formal Shoes Market
6.3.3.4.1 South Korea Men Formal Shoes Market, by Type
6.3.3.4.2 South Korea Men Formal Shoes Market, by Leather Type
6.3.3.5 Singapore Men Formal Shoes Market
6.3.3.5.1 Singapore Men Formal Shoes Market, by Type
6.3.3.5.2 Singapore Men Formal Shoes Market, by Leather Type
6.3.3.6 Malaysia Men Formal Shoes Market
6.3.3.6.1 Malaysia Men Formal Shoes Market, by Type
6.3.3.6.2 Malaysia Men Formal Shoes Market, by Leather Type
6.3.3.7 Rest of Asia Pacific Men Formal Shoes Market
6.3.3.7.1 Rest of Asia Pacific Men Formal Shoes Market, by Type
6.3.3.7.2 Rest of Asia Pacific Men Formal Shoes Market, by Leather Type
6.4 LAMEA Men Formal Shoes Market
6.4.1 LAMEA Men Formal Shoes Market, by Type
6.4.1.1 LAMEA Oxford Shoes Market, by Country
6.4.1.2 LAMEA Derby Shoes Market, by Country
6.4.1.3 LAMEA Loafer Shoes Market, by Country
6.4.1.4 LAMEA Boots Shoes Market, by Country
6.4.2 LAMEA Men Formal Shoes Market, by Leather Type
6.4.2.1 LAMEA Patent Leather Market, by Country
6.4.2.2 LAMEA Pebble & Full grain Leather Market, by Country
6.4.2.3 LAMEA Top grain Leather Market, by Country
6.4.2.4 LAMEA Suede Leather Market, by Country
6.4.3 LAMEA Men Formal Shoes Market, by Country
6.4.3.1 Brazil Men Formal Shoes Market
6.4.3.1.1 Brazil Men Formal Shoes Market, by Type
6.4.3.1.2 Brazil Men Formal Shoes Market, by Leather Type
6.4.3.2 Argentina Men Formal Shoes Market
6.4.3.2.1 Argentina Men Formal Shoes Market, by Type
6.4.3.2.2 Argentina Men Formal Shoes Market, by Leather Type
6.4.3.3 UAE Men Formal Shoes Market
6.4.3.3.1 UAE Men Formal Shoes Market, by Type
6.4.3.3.2 UAE Men Formal Shoes Market, by Leather Type
6.4.3.4 Saudi Arabia Men Formal Shoes Market
6.4.3.4.1 Saudi Arabia Men Formal Shoes Market, by Type
6.4.3.4.2 Saudi Arabia Men Formal Shoes Market, by Leather Type
6.4.3.5 South Africa Men Formal Shoes Market
6.4.3.5.1 South Africa Men Formal Shoes Market, by Type
6.4.3.5.2 South Africa Men Formal Shoes Market, by Leather Type
6.4.3.6 Nigeria Men Formal Shoes Market
6.4.3.6.1 Nigeria Men Formal Shoes Market, by Type
6.4.3.6.2 Nigeria Men Formal Shoes Market, by Leather Type
6.4.3.7 Rest of LAMEA Men Formal Shoes Market
6.4.3.7.1 Rest of LAMEA Men Formal Shoes Market, by Type
6.4.3.7.2 Rest of LAMEA Men Formal Shoes Market, by Leather Type
Chapter 7. Company Profiles
7.1 Guccio Gucci S.p.A. (Kering Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Geographical Expansions:
7.1.5 SWOT Analysis
7.2 Cole Haan (Apax Partners LLP)
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Partnerships, Collaborations, and Agreements:
7.2.2.2 Geographical Expansions:
7.2.3 SWOT Analysis
7.3 Burberry Group PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Partnerships, Collaborations, and Agreements:
7.3.5 SWOT Analysis
7.4 LVMH SE (Christian Dior)
7.4.1 Company Overview
7.4.3 Segmental and Regional Analysis
7.4.4 SWOT Analysis
7.5 Church & Co Ltd. (Prada S.p.A.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 SWOT Analysis
7.6 PVH Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Hugo Boss AG
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 SWOT Analysis
7.8 C & J. Clark International Ltd.
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Alden shoe company
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Dolce & Gabbana S.r.l.
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning Strategies of Men Formal Shoes Market

Companies Mentioned

  • Guccio Gucci S.p.A. (Kering Group)
  • Cole Haan (Apax Partners LLP)
  • Burberry Group PLC
  • LVMH SE (Christian Dior)
  • Church & Co Ltd. (Prada S.p.A.)
  • PVH Corporation
  • Hugo Boss AG
  • C & J. Clark international ltd.
  • Alden shoe company
  • Dolce & Gabbana S.r.l.

Methodology

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