High heels footwear market size to grow by USD 2.39 billion from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Dec. 20, 2022 /PRNewswire/ -- Technavio categorizes the global high heels footwear market as a part of the global footwear market. The parent, global footwear, the market covers products and companies engaged in the production of athletic and non-athletic footwear for various age groups and gender. The global high heels footwear market size is estimated to increase by USD 2.39 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 1.88%.

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Global high heels footwear market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global high heels footwear market – Vendor analysis
Vendor Landscape - The global high heels footwear market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer high heels footwear in the market are ACI Footwear, Brian Atwood, Christian Louboutin, Deeasjer Ltd, ECCO Sko AS, Gianni Versace Srl, Hermes International SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Manolo Blahnik International Ltd, Marks and Spencer Plc, Prada Spa, Steven Madden Ltd, Tapestry Inc., Theory, Unlimited Footwear Group BV, Valter Shoes Co, Vestiaire Collective, Yull Ltd, and Zara Footwear Pvt. Ltd. and others.
The global high heels footwear market is at its growing stage. This implies that the market in focus is characterized by the premiumization of high heels footwear, evolving shopping behavior, and a rise in demand from developing countries.

Vendor offerings -

• ACI Footwear: The company offers heel footwear under the brand name La Gear, Warner Bros, and Disney.
• Deeasjer Ltd: The company offers heel footwear under the name Kiki, Marilyn, Rose and Isabel.
• ECCO Sko AS: The company offers heel footwear under the brand name Sartorelle Shape Ankle Boot, Modtray Penny Loafer, Modtray Penny Loafer, Sartorelle Shape 35 Ankle Boot, Women Chelsea Boots, Nouvell Chelsea Boots, Anine Sling Back Flat, Modtray Tie and Sartorelle Chelsea Boot.
• Gianni Versace Srl: The company offers heel footwear named Medusa to chain high heel sandals, Medusa chain leather sandals, Move Medusa chain leather sandals, Move chain mid-heel sandals, Medusa crystal sandals, Greca Maze Crystal sandals, Medusa Biggie Crystal Mules and Medusa Biggie Mules.
• Hermes International SA: The company offers heel footwear under the name Fever sandal, Candy sandal, Oasis sandal, Figari 55 sandal, Flirt 60 sandal, and Oran sandal.
• For Details on the vendor and its offerings – Buy the report!

Global high heels footwear market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (offline and online), type (1-1.75, 2-2.75, 3-3.75, and 4-4.75), and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

• The market share growth of the offline segment will be higher than the other segments during the forecast period. Offline stores, which comprise a significant portion of the organized offline high heels footwear market throughout the projected period, include specialized shops, department stores, hypermarkets, and warehouse clubs. The largest portion of the global footwear market, as well as the market for high heels, is made up of offline retailers since they make it easier for customers to compare items, check the quality, and compare sizes. Department stores are another important offline retailer of high-heeled shoes. These shops provide knowledgeable customer care staff and a broad selection of branded and unbranded goods. All such factors are responsible for the market growth in this segment.

Geography Overview
By geography, the global high heels footwear market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global high heels footwear market.

• APAC will account for 47% of the market's growth during the forecast period. The key drivers influencing the market in APAC are the rise in disposable income, urbanization, cheap labor costs, and low costs of raw materials. The three primary countries in the area are China, India, and Japan, with China predicted to gain the most market share during the projected period. One of the primary factors driving the demand for high heel footwear in China is the acceptance of luxury goods in the nation due to high disposable income. The presence of foreign companies like Guccio Gucci S.p.A. and PRADA S.P.A. has further increased this demand in the nation.

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Global high heels footwear market – Market dynamics

Leading drivers - The premiumization of high heels footwear is the key factor driving global high heels footwear market growth. Due to high disposable money and celebrity sponsorships of many footwear brands, the market for premium footwear is anticipated to grow quickly. Sales of premium footwear are also boosted by improvements in the production of footwear and innovative product designs. High heel footwear has evolved with fashion products to become a luxury item rather than a need, which is the main cause of the high cost of these items. In order to draw customers, some other business owners, like jewelers, also produce high-end footwear. As a result, over the projected period, the premiumization of high heels footwear will be one of the key market drivers.

Key trends - Increased online sales are the primary trend in the global high heels footwear market. When compared to the offline segment, the online segment is anticipated to grow at the highest rate during the projection period. The two biggest factors that will boost online sales are quick delivery services and affordable rates. These platforms enable new competitors to enter the market with low financial resources. During the predicted period, this will increase demand for high-heeled shoes.

Major challenges - The increased cost of production is a major challenge to the global high heels footwear market growth. The two main reasons that increase the cost of production are rising labor expenses and rising raw material prices. One of the major raw materials used in the manufacturing of high heel shoes is ethylene-vinyl acetate (EVA). Recent years have seen significant variations in the price of EVA, driving up the cost of production. A major challenge that raises the cost of production is rising labor costs. Due to the low cost of labor, several shoe manufacturers have moved their manufacturing operations to China and India. Due to the relocation of manufacturing facilities and rising labor costs, several footwear makers have had to adjust to losses. Hence, all these factors are major restraints for the market during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this high heels footwear market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the high heels footwear market between 2023 and 2027
• Precise estimation of the size of the high heels footwear market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the high heels footwear market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of high heels footwear market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global High Heels Footwear Market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global High Heels Footwear Market 2017 - 2021 ($ billion)

• 4.2 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 1-1.75 - Market size and forecast 2022-2027
• Exhibit 47: Chart on 1-1.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on 1-1.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on 1-1.75 - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on 1-1.75 - Year-over-year growth 2022-2027 (%)

• 7.4 2-2.75 - Market size and forecast 2022-2027
• Exhibit 51: Chart on 2-2.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on 2-2.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on 2-2.75 - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on 2-2.75 - Year-over-year growth 2022-2027 (%)

• 7.5 3-3.75 - Market size and forecast 2022-2027
• Exhibit 55: Chart on 3-3.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on 3-3.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on 3-3.75 - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on 3-3.75 - Year-over-year growth 2022-2027 (%)

• 7.6 4-4.75 - Market size and forecast 2022-2027
• Exhibit 59: Chart on 4-4.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on 4-4.75 - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on 4-4.75 - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on 4-4.75 - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 105: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 ACI Footwear 
• Exhibit 116: ACI Footwear - Overview
• Exhibit 117: ACI Footwear - Product / Service
• Exhibit 118: ACI Footwear - Key offerings

• 12.4 Deeasjer Ltd 
• Exhibit 119: Deeasjer Ltd - Overview
• Exhibit 120: Deeasjer Ltd - Product / Service
• Exhibit 121: Deeasjer Ltd - Key offerings

• 12.5 ECCO Sko AS 
• Exhibit 122: ECCO Sko AS - Overview
• Exhibit 123: ECCO Sko AS - Key offerings

• 12.6 Gianni Versace Srl 
• Exhibit 124: Gianni Versace Srl - Overview
• Exhibit 125: Gianni Versace Srl - Product / Service
• Exhibit 126: Gianni Versace Srl - Key offerings

• 12.7 Hermes International SA 
• Exhibit 127: Hermes International SA - Overview
• Exhibit 128: Hermes International SA - Business segments
• Exhibit 129: Hermes International SA - Key offerings
• Exhibit 130: Hermes International SA - Segment focus

• 12.8 Kering SA 
• Exhibit 131: Kering SA - Overview
• Exhibit 132: Kering SA - Business segments
• Exhibit 133: Kering SA - Key offerings
• Exhibit 134: Kering SA - Segment focus

• 12.9 LVMH Moet Hennessy Louis Vuitton SE 
• Exhibit 135: LVMH Moet Hennessy Louis Vuitton SE - Overview
• Exhibit 136: LVMH Moet Hennessy Louis Vuitton SE - Business segments
• Exhibit 137: LVMH Moet Hennessy Louis Vuitton SE - Key news
• Exhibit 138: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
• Exhibit 139: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

• 12.10 Manolo Blahnik International Ltd 
• Exhibit 140: Manolo Blahnik International Ltd - Overview
• Exhibit 141: Manolo Blahnik International Ltd - Product / Service
• Exhibit 142: Manolo Blahnik International Ltd - Key offerings

• 12.11 Marks and Spencer Plc 
• Exhibit 143: Marks and Spencer Plc - Overview
• Exhibit 144: Marks and Spencer Plc - Business segments
• Exhibit 145: Marks and Spencer Plc - Key offerings
• Exhibit 146: Marks and Spencer Plc - Segment focus

• 12.12 Prada Spa 
• Exhibit 147: Prada Spa - Overview
• Exhibit 148: Prada Spa - Product / Service
• Exhibit 149: Prada Spa - Key offerings

• 12.13 Steven Madden Ltd 
• Exhibit 150: Steven Madden Ltd - Overview
• Exhibit 151: Steven Madden Ltd - Product / Service
• Exhibit 152: Steven Madden Ltd - Key offerings

• 12.14 Tapestry Inc. 
• Exhibit 153: Tapestry Inc. - Overview
• Exhibit 154: Tapestry Inc. - Business segments
• Exhibit 155: Tapestry Inc. - Key offerings
• Exhibit 156: Tapestry Inc. - Segment focus

• 12.15 Theory 
• Exhibit 157: Theory - Overview
• Exhibit 158: Theory - Product / Service
• Exhibit 159: Theory - Key offerings

• 12.16 Unlimited Footwear Group BV 
• Exhibit 160: Unlimited Footwear Group BV - Overview
• Exhibit 161: Unlimited Footwear Group BV - Product / Service
• Exhibit 162: Unlimited Footwear Group BV - Key offerings

• 12.17 Valter Shoes Co 
• Exhibit 163: Valter Shoes Co - Overview
• Exhibit 164: Valter Shoes Co - Product / Service
• Exhibit 165: Valter Shoes Co - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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