1.35% CAGR in the high-heeled shoes market | Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020-2025

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With the evolution of fashion products, high heel shoes have become a luxury product instead of a necessary product, which is the main reason for the high price of these products. Advances in shoe manufacturing and innovative product design are also increasing sales of high-end shoes. In addition, the demand for high-end shoes is expected to increase rapidly due to high disposable income and celebrity support for various shoe brands. Hence, the premiumization of high heel shoes is expected to be one of the key factors for the growth of the market.

Read the 120-page report with TOC on ‘High Heel Footwear Market Analysis Report by Distribution Channel (Offline & Online) and Geography (APAC, North America, Europe, MEA and South America) Forecasts 2021-2025 “: https://www.technavio.com/report/high-heels-footwear-market-industry-analysis

The production cost is increasing rapidly due to the increase in the cost of raw materials and the rise in labor costs. Ethylene vinyl acetate (EVA), which is one of the main raw materials used in the production of high-heeled shoes, has experienced sharp price fluctuations in recent years. Shoe manufacturers have moved their production facilities to countries such as China and India due to low labor costs. However, labor costs in these countries have also increased significantly, which in turn increases production costs. Many shoe manufacturers have had to adjust to losses due to the relocation of manufacturing plants and rising labor costs. These factors suggest that increasing production costs will be a major challenge for the high heel shoes market.

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Five major high-heeled shoe companies:

  • Capri Holdings Ltd.
  • Deeasjer Ltd.
  • Hermès International
  • Kering SA
  • LVMH Moët Hennessy Louis Vuitton SE

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High Heel Footwear Market Distribution Channel Outlook (Revenue, USD Billion, 2020-2025)

  • Offline – size and forecast 2020-2025
  • Online – size and forecast 2020-2025

Geographic Outlook of High Heel Footwear Market (Revenue, USD Billion, 2020-2025)

  • APAC – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025
  • South America – size and forecast 2020-2025

Download this high heel shoes market report to make the most of future growth opportunities.

Related reports on consumer discretionary include:

Footwear Market by Product, End User, Distribution Channel and Geography – Forecast and Analysis 2021-2025: The footwear market value is expected to increase by $ 16.85 billion at a CAGR of 1.13% during 2021-2025. For in-depth research information: Download our FREE sample report

Sports Footwear Market by Product, End User, Distribution Channel, Application, and Geography – Forecast and Analysis 2021-2025: The sports footwear market has the potential to grow in $ 8.36 billion over the period 2021-2025, and the market growth dynamics will accelerate at a CAGR of 1.95%: Download our FREE sample report

Scope of the high-heeled shoes market


Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a CAGR of 1.35%

Market growth 2021-2025

$ 1.70 billion

Market structure

Fragmented

Annual growth (%)

-2.37

Regional analysis

APAC, North America, Europe, MEA and South America

Efficient contribution to the market

46% APAC

Main consumer countries

China, United States, United Kingdom, Germany and France

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Capri Holdings Ltd., Deeasjer Ltd., Hermes International, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Marks and Spencer Plc, Prada SpA, Tapestry Inc., Yull Ltd. and Zara Footwear Pvt. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
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