Formal Footwear Market: Global Product Intelligence, Analysis, Opportunities and Forecast to 2023

Infinium Global Research has added a new report on Global Formal Footwear Market. The report predicts the market size of Formal Footwear is expected to reach XX billion by 2023.


Global formal footwear market size is expected to exceed USD X.xx billion by 2023, growing at a CAGR between x% andx% over the period of 2017 – 2023. Formal foot wears are generally used along with formal dress for office, official events, business meetings, formal occasions, dance floor, parties and some special events. Formal foot wears are made from leather or synthetic leather. Formal footwear is classified as per the leather type and its texture. Various types of toes distinguish different formal foot wears from each other. The design aspects of laces also make difference to the formal footwear. Boots, brogue, derby, loafer and oxford are major types of men’s formal footwear. For men, loafers are easy to use formal footwear, while for ladies slip-on’s and sandals are easy to use.  The designs of ladies formal footwear are bit different from that of men. Heels and toes are major aspect of ladies formal footwear. Ballerinas, boots, flat, sandals, high heels, wedge, peep toe are some of the major types of ladies formal footwear.


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Market Insights

Product innovation, expansion of distribution channels, heavy spending in branding and marketing of the products, use of modern technologies and materials characterises the global formal footwear market. The affinity for adopting new trends in designs among the consumers is driving the growth of the formal footwear market. The increasing popularity of e-commerce is driving the growth of the global formal footwear market, as it gives the consumers the comfort of shopping from anywhere and gives them more options to choose. Increasing brand awareness among the consumers is driving the demand for branded formal footwear. Increasing number official and formal events in official and personal lives of people are influencing the sales of the formal footwear in many regions. Men’s formal footwear segment dominates the global formal footwear market.  Ladies formal footwear segment is expected to have more designs in coming years. As more women are entering professional careers in this era, the demand for the ladies formal footwear are expected to grow significantly during forecast period. Increasing preference for flat heeled foot wears over high heeled foot wears among ladies are expected to drive the demand for the flat heeled formal foot wears.  The increasing awareness among people about cruelty against animals, preference for eco-friendly alternatives are expected to drive the growth of demand for synthetic leather based formal footwear during the forecast period 2017-2023.

Segments Covered

The report covers the analysis of global as well as regional markets of Formal Footwear Market. Moreover, the global Formal Footwear Market is segmented by gender, by footwear type and by leather type. The global formal footwear market by footwear type covers ballerinas, boots, brogue, derby, flat, high heels, loafers, sandals, slip-on’s, oxfords, wedge and some others. On the basis of the leather type, the market is segmented as full grain, patent leather, pebble, suede leather, synthetic leather, top grain, and some others.

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Company profiles

Aldo Group
Bata Shoe Organization
Burberry Group
Calvin Klein
C & J Clark International Ltd
Dolce & Gabbana
Guccio Gucci
Hugo Boss
Kenneth Cole Production Inc
LaCross Footwear
Louis Vuitton


Key topics covered:

1. Preface

2. Executive summary
3. Global Formal Footwear Market Overview

4. IGR- Snapshots

5. Global Formal Footwear Market Analysis, By Footwear Type (USD million) 2017 – 2023

6. Global Formal Footwear Market Analysis, by Leather Type (USD million)2017 – 2023

7. Global Formal Footwear Market Analysis, Regional Analysis (USD million) 2017 – 2023

8 Company profiles


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