NEW YORK, Dec. 1, 2021 /PRNewswire/ -- Technavio has announced its latest market research report titled High Heels Footwear Market by Distribution Channel (offline and online) and Geography (APAC, North America, Europe, MEA, and South America).
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With the evolution of fashion products, high heel footwear has become a luxury product instead of a necessary product, which is the major reason for the high price of these products. Advances in footwear manufacturing and innovative product designs also increase sales of premium footwear. Moreover, the demand for premium footwear is expected to rise rapidly owing to high disposable income and celebrity endorsements for various footwear brands. Hence, the premiumization of high-heeled footwear is expected to be one of the key factors driving market growth.
Read the 120-page report with TOC on "High Heels Footwear Market Analysis Report by Distribution Channel (offline and 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 cost of production is increasing rapidly owing to the increase in the cost of raw materials and rising labor costs. Ethylene-vinyl acetate (EVA), which is one of the major raw materials used in the production of high heel shoes witnessed high price fluctuations in recent years. 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. These factors suggest that the increased cost of production will be a major challenge for the High Heels Footwear Market.
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Major Five High Heels Footwear Companies:
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High Heels Footwear Market Distribution Channel Outlook (Revenue, USD bn, 2020-2025)
High Heels Footwear Market Geography Outlook (Revenue, USD bn, 2020-2025)
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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 |
USD 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 |
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 future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio
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