Technavio’s High-Heeled Footwear Market Research Report Forecasts $1.70 Billion Growth – 46% Growth from APAC

The high heel shoes market is segmented by distribution channels (offline and online).

The offline distribution channel segment will account for the peak sales of high heel shoes over the forecast period. The segment includes specialty stores, department stores, hypermarkets and warehouse clubs. These outlets have standardized business practices and a centralized management system and offer branded products that allow for high product visibility, which drives sales. Additionally, many retailers have outlets in airports, malls and other hangouts, increasing the availability of non-essential products in offline stores. All these factors contribute to the growth of the segment.

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The high heel shoes market is expected to witness substantial growth over the forecast period, primarily driven by the premiumization of high heel shoes. Rising disposable incomes, coupled with celebrity endorsements for various brands, have increased consumer spending on high-end products. Additionally, the growth of the upper class population has broadened the consumer base of luxury goods. To capitalize on this trend, vendors are focusing on introducing new products with innovative designs and features. These products are sold at relatively higher prices and are aimed at celebrities and people with high disposable incomes. All these factors are expected to drive the growth of the high heel shoes market over the forecast period.

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The high heel shoes market is fragmented due to the presence of international and local players offering differentiated products. Suppliers are constantly trying to improve their product offerings by innovating in their product lines. This helps them to gain major market share in the global high heel shoes market. Competition between international and regional suppliers is intense. Many small sellers are struggling to survive due to the presence of big sellers with well-known brands in the high heel shoes market. However, large international vendors currently dominate the market in terms of product quality, durability, portfolios, brand, and geographic presence.

The competitive environment in this market is expected to further intensify with an increase in R&D and M&A activities. International players should grow inorganically by acquiring regional and local players. With the growing competition, manufacturers are coming up with new innovative products to meet the changing demands of customers in line with the latest fashion and lifestyle trends.

Here are some of the products offered by the main suppliers:

Capri Holdings Ltd. : The company offers a wide range of high heel shoes such as Michael Kors Collection, jimmy choo high heels and high heels Versace.

Deeasjer Ltd. : The company offers a wide range of high heels such as Marilyn high heels, Kiki high heels and Rose high heels.

Hermes International: The company offers Bossa sandals which are velvet sandals with rhinestone detailing, hapi buckle, leather sole and black goat leather insole and lining.

Along with market data, Technavio offers customizations according to specific business needs. The following customization options are available for the High Heel Shoes market report:

Regional analysis

• Further breakdown of market segmentation in demanded regions.

Information on market players

• Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
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Contents:

Summary

Market landscape

• Market ecosystem
• Value chain analysis

Market sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market Outlook: Predictions for 2020 – 2025

Five forces analysis

• The bargaining power of buyers
• Bargaining power of suppliers
• The threat of new entrants
• The threat of substitutes
• Threat of rivalry
• Market state

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
• Main leading countries
• Market Opportunity by Geography
• Market factors
• Market challenges
• Market trends

Supplier Landscape

Vendor analysis

• Suppliers Covered
• Positioning on the supplier market
• Capri Holdings Ltd.
• Deeasjer Ltd.
• Hermes International
• Kering S.A.
• LVMH Moet Hennessy Louis Vuitton SE
• Marks and Spencer Plc
• Prada Spa
• Tapestry Inc.
• Yull Ltd.
• Shoes Zara Pvt. ltd.

Annex

• Report scope
• Currency conversion rates for the US dollar
• Research methodology
• Abreviations list

About Technavio

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