Global Luxury Footwear Market Size & Outlook
The luxury footwear industry worldwide is expected to reach a projected revenue of US$ 57,781.7 million by 2030. A compound annual growth rate of 7.3% is expected of the worldwide luxury footwear industry from 2022 to 2030.
Revenue, 2021 (US$M)
$30,721.1
Forecast, 2030 (US$M)
$57,781.7
CAGR, 2022 - 2030
7.3%
Report Coverage
Worldwide
Global luxury footwear market, 2017-2030 (US$M)
Related Markets
Global luxury footwear market highlights
- The global luxury footwear market generated a revenue of USD 30,721.1 million in 2021 and is expected to reach USD 57,781.7 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 7.3% by 2030.
- In terms of segment, formal shoe accounted for a revenue of USD 17,888.2 million in 2021.
- Casual Shoe is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 30,721.1 million |
| Market revenue in 2030 | USD 57,781.7 million |
| Growth rate | 7.3% (CAGR from 2021 to 2030) |
| Largest segment | Formal shoe |
| Fastest growing segment | Casual Shoe |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Formal Shoe, Casual Shoe |
Other key industry trends
- In terms of revenue, the North America accounted for 29.1% of the global luxury footwear market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 2,095.6 million by 2030.
Formal shoe was the largest segment with a revenue share of 58.23% in 2021. Horizon Databook has segmented the Global luxury footwear market based on formal shoe, casual shoe covering the revenue growth of each sub-segment from 2017 to 2030.
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Luxury Footwear Market Scope
Luxury footwear market segmentation & scope
Luxury Footwear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global luxury footwear market statistics, by region, 2017-2030 (US$M)
Top 10 countries: Luxury footwear market size, 2021 (USD Million)
Top 10 countries: Luxury footwear market size, 2021 (USD Million)
Global luxury footwear market, by region, 2021 (US$M)
Related regional statistics
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