Canada-based global research firm Technavio predicts a 1,35% yearly growth in the high heel shoe market over the next three years.
According to the company's report titled High Heels Market, the Asia-Pacific region will register the highest growth rate of high heels at 46,47%. At the moment, according to the source, the key markets for high-heeled shoes are China, the US, the UK, Germany and France.
The driver of the growth of high-heeled shoes will be the premiumization of this type of shoes. Analysts at Technavio expect demand for premium footwear to rise due to rising disposable income levels and celebrity endorsements of various footwear brands.