The global High-Heeled Shoes market is anticipated to grow at a CAGR of 2.2 % during the forecast period (2022-2028). The high-heeled shoe also known as high heels is a type of footwear that is typically low cut around the front and 2 to 3 inches in height. The major factor attributing to the growth of the global high-heeled shoe market is the increasing production of high heel shoes due to the growing footwear industry. According to the India Trade Fair, footwear is one of the major sectors of the leather industry of India. India is the second-largest producer of footwear after China representing around 13% of total footwear production across the globe. India manufacturers around 16 billion pairs of footwear every year. Thus, increasing the demand for high heel shoes over the forecast period.
The use of high-heeled shoes is also increasing due to several benefits provided by wearing high heels. The benefits include additional height, improvement in confidence, improvement in body posture, display of a toned physique, strengthening the leg muscles, and many others. Furthermore, the sale of high-heeled shoes is also increasing due to an increase in purchases by people due to increasing purchasing power due to adjusted net national income per capita across the globe. According to the World Bank Data statistics, the net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Thus, a growing lifestyle is further expected to contribute to the growth of the global high-heeled shoe market over the forecast period.
Some major players in the market include BA Brand Holdings LLC, Miu Miu, J. Choo Ltd., Manolo Blahnik International Ltd., Guccio Gucci S.p.A., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, In May 2022, Crocs Retail LLC, a footwear producer partnered with Balenciaga, an online boutique offering several products including handbags, footwear, and dresses. In this collaboration, Balenciaga will re-design & manufacture a high-heel version of Crocs’ classic footwear.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Heel Type
- By Toe Type
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- BA Brand Holdings LLC, Miu Miu, J. Choo Ltd., Manolo Blahnik International Ltd., Guccio Gucci S.p.A., among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global High-Heeled Shoes Market Report by Segment
By Heel Type
- Kitten Heels
- Pumps
- Stilettos
- Ankle Strap Heels
- Others
By Toe Type
- Almond
- Peep Toe
- Open Toe
- Others
By Sales Channel
- Online Stores
- Offline Stores
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