High Heels Footwear Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71446
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The high heels footwear market share is expected to increase by USD 1.70 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.35%.

This high heels footwear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, MEA, and South America). The high heels footwear market report also offers information on several market vendors, including 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. among others.

What will the High Heels Footwear Market Size be During the Forecast Period?

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High Heels Footwear Market: Key Drivers and Trends

The premiumization of high-heeled footwear is notably driving the high heels footwear market growth, although factors such as increased cost of production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the high heels footwear industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key High Heels Footwear Market Driver

One of the key factors driving growth in the high heels footwear market is the premiumization of high-heeled footwear. The demand for premium footwear is expected to rise rapidly owing to high disposable income and celebrity endorsements for various footwear brands. Advances in footwear manufacturing and innovative product designs also increase sales of premium footwear. With the evolution of fashion products, high heel footwear has also become a luxury product instead of a necessary product, which is the major reason for the high price of these products.

Key High Heels Footwear Market Challenge

The increased cost of production will be a major challenge for the high heels footwear market. The rise in the cost of raw materials and increasing labor costs are the major factors, which raise the cost of production. Ethylene-vinyl acetate (EVA) is one of the major raw materials used in the production of high heel shoes. The price of EVA has witnessed high fluctuations in recent years, thereby increasing the cost of production. Footwear manufacturers shifted their production facilities to countries such as China and India owing to low labor costs. However, labor costs in these countries have also increased substantially, which, in turn, increases the production costs. Many footwear manufacturers have had to adjust to losses due to the shift in manufacturing plants and increased labor costs.

This high heels footwear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major High Heels Footwear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Zara Footwear Pvt. Ltd.

 

This statistical study of the high heels footwear market encompasses successful business strategies deployed by the key vendors. The high heels footwear market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The high heels footwear market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for High Heels Footwear Market?

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46% of the market’s growth will originate from APAC during the forecast period. China is the key market for high heels footwear in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The rise in disposable income, urbanization, low labor cost, and the low cost of raw materials are the major factors that will facilitate the high heels footwear market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the High Heels Footwear Market?

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The high heels footwear market share growth by the offline segment will be significant during the forecast period. Offline stores account for the highest share of the global footwear market and high heels footwear market as they make checking sizes, probing the quality, and comparing the products more convenient for buyers. Specialty stores account for the major share of the offline footwear market and contribute more than 50% to the offline footwear market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the high heels footwear market size and actionable market insights on post COVID-19 impact on each segment.

 

High Heels Footwear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.35%

Market growth 2021-2025

$ 1.70 billion

Market structure

Fragmented

YoY growth (%)

-2.37

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 46%

Key consumer countries

China, US, UK, Germany, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this High Heels Footwear Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive high heels footwear market growth during the next five years
  • Precise estimation of the high heels footwear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the high heels footwear industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of high heels footwear market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.
      • Zara Footwear Pvt. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The high heels footwear market growth will increase by $1.70 billion during 2020-2025.
      The high heels footwear market is expected to grow at a CAGR of 1.35% during 2020-2025.
      Technavio has segmented the high heels footwear market by distribution channel (Offline and Online) and geographic (APAC, North America, Europe, MEA, and South America).
      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., Zara Footwear Pvt. Ltd. are a few of the key vendors in the high heels footwear market.
      APAC will register the highest growth rate of 46.47% among the other regions. Therefore, the high heels footwear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the high heels footwear market growth are:
      • Premiumization of high-heeled footwear
      The high heels footwear market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
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