Asia Pacific Luxury Footwear Market Size & Outlook
The luxury footwear market in Asia Pacific is expected to reach a projected revenue of US$ 14,595.7 million by 2030. A compound annual growth rate of 7.6% is expected of Asia Pacific luxury footwear market from 2022 to 2030.
Revenue, 2021 (US$M)
$7,539.0
Forecast, 2030 (US$M)
$14,595.7
CAGR, 2022 - 2030
7.6%
Report Coverage
Asia Pacific
Asia Pacific luxury footwear market, 2017-2030 (US$M)
Related Markets
Asia Pacific luxury footwear market highlights
- The Asia Pacific luxury footwear market generated a revenue of USD 7,539.0 million in 2021.
- The market is expected to grow at a CAGR of 7.6% from 2022 to 2030.
- In terms of segment, formal shoe was the largest revenue generating product in 2021.
- Casual Shoe is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 7,539.0 million |
| Market revenue in 2030 | USD 14,595.7 million |
| Growth rate | 7.6% (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 |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, CHANEL, Burberry Group PLC, Prada SpA, Dr. Martens PLC Ordinary Shares, Salvatore Ferragamo SpA, Adidas AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.5% of the global luxury footwear market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,595.7 million by 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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Asia Pacific luxury footwear market size, by country, 2017-2030 (US$M)
Asia Pacific Luxury Footwear Market Outlook Share, 2021 & 2030 (US$M)
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