Global Luxury Women Sandals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Luxury Women Sandals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sandals are a kind of footwear with exposed toes. They are ventilated and cool like slippers. However, sandals are thicker than the bottom of the slippers and have a tail. It can be divided into many types: flat heel, slope heel, high heel, etc. Luxury sandal products usually have the following characteristics: price, quality, rarity, beauty, extraordinariness and symbolism.

Market Overview:

The latest research study on the global Luxury Women Sandals market finds that the global Luxury Women Sandals market reached a value of USD 1837.59 million in 2022. It’s expected that the market will achieve USD 2715.08 million by 2028, exhibiting a CAGR of 6.72% during the forecast period.

Influence of COVID-19 Outbreak on Luxury Women Sandals Industry Development

COVID-19 is currently popular worldwide. At present, the epidemic is serious in Europe and the United States. Many countries have issued social isolation policies. The factories have been shut down and the production of luxury sandals has been affected. As a result, many shopping malls were closed, and the sales of luxury sandals were restricted. Due to the epidemic, many people are unemployed or have reduced income. Luxury sandals are not a necessity. Many consumers have switched to affordable sandals and the demand for luxury sandals has also decreased. Summer, as the peak season for sandals, will be greatly affected by the epidemic. All in all, the epidemic has caused a greater adverse impact on the development of the luxury women's sandals industry.

Drivers

Due to the existence of countries such as China and India, the Asia-Pacific region is expected to gain significant market share. Due to the large population of these countries, footwear consumption in these countries is relatively high. With the increase in per capita disposable income, the wealthy population increases and the purchasing power continues to increase. The demand for luxury sandals continues to increase. According to the Portuguese Footwear, Association of Leather and Leather Products Manufacturers (APICCAPS), the 2019 World Footwear Yearbook, China and India accounted for 18.4% and 11.7% of global footwear consumption in 2018, respectively.
As consumers are willing to purchase limited edition designer footwear at high prices, the demand for exclusive designer collections is increasing. These premium products are made from premium materials including leather, textiles and synthetic materials with impressive aesthetics. Footwear manufacturers present these footwear products with exclusive designer labels at various fashion shows, trade shows and trade fairs. They not only provide all kinds of boots and cool. During the forecast period, the launch of such exclusive designer series will promote the growth of the luxury women sandals market.
The recently observed trend is that consumers prefer shoes whose manufacturing processes do not harm the environment, human rights or animal rights, which prompts global footwear manufacturers to give priority to the use of alternative materials (such as plant rubber, bioprinting) leather and other manufacturing shoe. Therefore, it is expected that in the recent era, consumers will increasingly need to communicate products transparently, which will increase the demand for personal luxury goods and promote the growth of the luxury women sandals market.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

Gucci is one of the major players operating in the Luxury Women Sandals market, holding a share of 18.14% in 2020.

Gucci is an Italian luxury brand of fashion and leather goods. Gucci was founded by Guccio Gucci in Florence, Tuscany, in 1921. Gucci generated about €4.2 billion in revenue worldwide in 2008 according to BusinessWeek and climbed to 41st position in the magazine's annual 2009 Top Global 100 Brands chart created by Interbrand; it retained that rank in Interbrand's 2014 index. Gucci is also the highest-selling Italian brand.

Dior is a French luxury goods company controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world's largest luxury group. The Company designs and retails ready-to-wear, leather goods, fashion accessories, footwear, jewelry, time pieces, fragrance, make-up, and skincare products. Christian Dior serves customers worldwide.

Segmentation Overview:

Among different product types, Leather Sandals segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Daily Dress segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Luxury Women Sandals market covered in Chapter 3:

Hermès
D&G
Gucci
Prada
Gianvito rossi
Yves Saint Laurent
Valentino
CHANEL
Salvatore Ferragamo
STUART WEITZMAN
Dior
Burberry
Giuseppe Zanotti
Louis Vuitton
Jimmy Choo

In Chapter 4 and Chapter 14.2, on the basis of types, the Luxury Women Sandals market from 2018 to 2029 is primarily split into:

Leather Sandals
PU and Other Materials Sandals

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Luxury Women Sandals market from 2018 to 2029 covers:

Daily Dress
Party & Evening

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)