Published by IMARC Services Private Limited
Posted on October 11, 2021
4 min readLast updated: January 29, 2026
The luxury footwear market is set to grow moderately from 2021-2026, driven by rising incomes, fashion trends, and online sales channels.
According to the latest report by IMARC Group “Luxury Footwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global luxury footwear market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the market to grow moderately during the forecast period (2021-2026).
Luxury footwear is made up of premium quality materials. On the basis of durability, uniqueness, and comfort, it can be compared to its affordable counterparts. It is expensive, exclusive, and scarcely available in the market as it is not mass-produced. The increasing preference for lavish fashion brands as a status symbol is positively impacting the market.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The growing fashion industry and improving living standards with inflating disposable income are primarily driving the market growth. Moreover, increasing penetration of social media with rapid urbanization is also propelling the product demand. Furthermore, advent of a wide product range by various key industries with alliances and strategic partnerships to enable customized footwear and a broad selection range in material, design, color, and size to expand the consumer base is catalyzing the market growth. Additionally, the rapid shift in distribution channels of luxury footwear from offline towards online platforms is further augmenting the market. Other factors, including continuous adoption of sustainable materials in manufacturing footwear with increasing environmental awareness and assertive promotional activities with numerous product innovations, will proliferate the market growth in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury footwear market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, end user and distribution channel.
Breakup by Product:
Breakup by End User:
Breakup by Distribution Channel:
Breakup by Region:
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/luxury-footwear-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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The article discusses the trends, growth, and opportunities in the global luxury footwear market from 2021 to 2026.
The market is expected to grow moderately, driven by rising disposable incomes and fashion industry expansion.
Key factors include rising disposable incomes, fashion trends, online distribution, and sustainable materials.
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