Luxury Footwear Market Size, Share, Trends, Dynamics, Forecast & Growth Analysis : 2023-2028

The luxury footwear market is estimated to grow from USD 37.17 billion in 2022 to USD 51.25 billion by 2028 at a CAGR of 5.44% during the forecast period. Luxury cars, watches, houses, and clothes are the ways to show one’s richness and are the status symbols for millionaires. Luxury footwear is no exception. The demand for luxury footwear is directly associated with the increase of millionaires across the globe.