The global luxury footwear market size is estimated to hit around USD 71.32 billion by 2033 increasing from USD 36.12 billion in 2023, with a solid CAGR of 7.04%. The top companies in the luxury footwear market are LVMH, Chanel Limited, Burberry Group PLC, Silvano Lattanzi, Prada S.p.A, A.Testoni, Dr. Martens, Base London, John Lobb Bootmaker, Salvatore Ferragamo, Lottusse - Mallorca, Adidas AG, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 71.32 Billion |
| Market Size in 2023 |
USD 36.12 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 7.04% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, and Africa |
- LVMH
- Chanel Limited
- Burberry Group PLC
- Silvano Lattanzi
- Prada S.p.A
- A.Testoni
- Dr. Martens
- Base London
- John Lobb Bootmaker
- Salvatore Ferragamo
- Lottusse - Mallorca
- Adidas AG
Latest Announcements by Industry Leaders
- In March 2023, Prada Group announced a major plan to recruit over 400 people by the end of the year to boost its production capacity and craftsmanship expertise in Italy. The investment plan is designed to develop the Group’s facilities.
- In October 2024, Formula 1 announced that luxury brands group LVMH will become a Global Partner in 2025 – when the sport will be celebrating its 75th anniversary. The new 10-year deal will have several of LVMH’s iconic Maisons, such as Louis Vuitton, Moët Hennessy, and TAG Heuer.
Recent Developments
- In January 2024, Gucci collaborated with Metaverse Platform Roblox to craft a virtual Gucci Garden experience. This experience allows users to purchase limited-edition virtual Gucci items for their avatars.
- In February 2024, Prada unveiled the NFT Collection with Adidas Originals. Prada partnered with Adidas Originals to release a limited-edition collection of physical and digital sneakers.
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