Global Luxury Women’s Sandals Market Revenue Will Reach $2040.94 Million in 2023

Luxury women's sandals refer to high-end sandals designed specifically for women. Luxury women's sandals typically have high-quality materials such as genuine leather, satin, velvet, etc. to ensure their comfort and durability. In addition, luxury women's sandals also have exquisite craftsmanship and elegant appearance, emphasizing details and craftsmanship, which can showcase women's noble and fashionable taste.

According to different materials, luxury women's sandals can usually be divided into two categories: leather sandals and PU & other material sandals. Among them, the leather sandals segment market dominates. In 2023, the global market size of leather luxury women's sandals is expected to reach $1358.88 million, with an estimated market share of 66.59%.

Luxury women's sandals are suitable for daily wear and evening party scenes. At present, there is a greater demand for luxury women's sandals in social scenes such as evening parties. According to our research data, the market size of luxury women's sandals in the evening party segment is estimated to reach $1047.21 million in 2023, accounting for 51.30% of the total size. However, it is expected that the demand potential for daily wear scenarios in the future will be further unleashed, becoming a major growth point in the global luxury women's sandals market.

Global Luxury Women’s Sandals Market Revenue and Share Forecast by Type and Application in 2023

	Market Size (Million USD)	Market Share
Segmented by Type
Leather	1358.88	66.59%
PU & Other Materials	682.06	33.41%
Segmented by Application
Daily Wear	994.44	48.70%
Evening Party	1047.21	51.30%

With the increase in personal disposable income, more and more consumers can purchase luxury goods. In addition, with the increasing awareness of women's fashion, more and more female consumers are willing to purchase luxury goods to showcase their taste and temperament, thereby driving the growth of the global luxury women's sandal market. Data shows that the global luxury women's sandal market is expected to reach $2040.94 million in 2023, and may increase to $2370.27 million by 2025.

From the perspective of market competition, the concentration of the global luxury women's sandals market is moderate. Data shows that the top 3 brand's luxury women's sandals had a total production value share of 41.07% in 2020. The top 3 companies were Gucci, Dior, and Louis Vuitton. In 2020, the three companies accounted for 18.14%, 15.10%, and 7.83% of the global total production value of luxury women's sandals, respectively.

Source: www.globalmarketmonitor.com