Market Insights Consumer Luxury Goods Luxury Fashion

Luxury Footwear - GCC

In 2024, the Luxury Footwear market in the GCC recorded revenue of US$0.49bn, making it a significant market in the region.
The segment is projected to experience a steady annual growth rate of 4.75% (CAGR 2024-2028), indicating a positive outlook for the coming years.
When compared globally, in the United States leads in terms of revenue generation, with an impressive figure of US$7,240m in 2024.
This highlights the strong market presence and consumer demand for luxury footwear in the United States.
Taking into account the population figures, the per capita revenue in the GCC for luxury footwear amounted to US$8.18 in 2024.
This metric provides insights into the average spending on luxury footwear among individuals in the region.
The demand for luxury footwear in the GCC has been steadily rising, driven by the region's affluent population and their desire for high-end fashion.

Key regions: France, South Korea, Italy, Singapore, Japan

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The Luxury Footwear market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Luxury Footwear industry.