Scope of the Study
Increasing disposable income among the consumers are driving the market. The luxury footwear is utilised by a person to show the status in the society. These type of footwear are made of high quality materials and hence are expensive. The luxury footwear is classified into athletic, non-athletic and designer. It is available for Men, women and kids. Moreover, the factors such as urbanisation and lifestyle if the consumers are contributing to the market growth.
The market study is being classified by Type (Formal and Casual) and major geographies with country level break-up.
Nike (United States), Adidas (Germany), New Balance (United States), Asics (Japan), Kering (France), Gucci (Italy), Skechers (United States), Fila (South Korea), VF Corporation (United States) and Lanvin (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Valentino (Italy), Paul Smith (United Kingdom), Vans (United States), Balenciaga (France) and Bata (Switzerland).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Luxury Shoes market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Luxury Shoes market by Type, Application and Region.
On the basis of geography, the market of Luxury Shoes has been segmented into South America (Brazil), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Vietnam, Thailand, Indonesia), Europe (Germany, France, Italy, United Kingdom), MEA (Turkey, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Changing Lifestyle of Individuals is Propelling the Market
- Rising Disposable Income of Developing Economies
- Technological advancements are being made in shoe knitting. The manufacturers deals with the different types of shoe materials. These are required for various careers such as construction workers, sports person and others. Hence, the technology used would change the shoe making process.
- Rising Urbanization in Developing Economies
- Increasing Promotional Activities are boosting the Market
Market Leaders and their expansionary development strategies
In March 2018, VF Corporation has announced the agreement to acquire Altra which is a lifestyle footwear brand. The acquisition helps the company to strengthen the brand portfolio.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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