Luxury Footwear Market Key Players, Application and Development Forecast to 2026Posted by kailas waghmare on June 19th, 2019 Growth in number of millionaires and millennial population have developed a fine taste for luxury products in the past few years. Luxury footwear is a blend of unique style and elegance. These footwear have been characterized by enhanced qualities such as material, durability, and comfort. Luxury footwear can be customized as per the requirement of the customer. Innovative designs and textures positively influence the growth of the luxury foot wear market. Luxury formal footwear is designed to express the professionalism of the user while luxury casual footwear is designed to deliver attractive look showcasing elegance. Athletic luxury shoes are specially designed for sports and fitness related activities. Formal and casual luxury footwear are often made of the leather material whereas, athletic luxury footwear requires a combination of various textiles such as nylon, polyester, and lycra to make them light weight and well-ventilated. Luxury footwear is available in different distribution channels to cater to the increase in demand. Download PDF Report Sample @: https://www.alliedmarketresearch.com/request-toc-and-sample/5296 Most of the luxury footwear manufacturers follow the strategy of celebrity endorsement to potentially increase the sales and awareness about their products. To meet the supply of increase in demand due to the celebrity endorsement, manufacturers have introduced new distribution channel—online sale channel. Major Players:
Luxury footwear market is negatively affected by the counterfeiting. International organizations in collusion with leading brands have introduced stringent rules and regulations to curb well entrenched system of counterfeiting; however, more efforts need to be made regionally and globally to stop the growth of the counterfeiting market. The luxury footwear market is segmented based on its product type, material, end user, distribution channel, and region. Based on product type, it is segmented into formal shoe, casual shoe, and athletic. Based on material, it is bifurcated into leather and non-leather. Based on end user, it is categorized into men, women, and kids. Based on distribution channel, it is classified into brand store, specialty store, and online sale channel. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Key Benefits for Stakeholders
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