The Men Formal Shoes Market is Predict to reach $14.1 Billion by 2030, at a CAGR of 7.1%

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Men Formal Shoes Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Men Formal Shoes Market size is expected to reach $14.01 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,23,608.5 thousand units experiencing a growth of 6.8% (2019-2022).

The Oxford Shoes segment is leading the Global Men Formal Shoes Market, by Type in 2022 thereby, achieving a market value of $4.7 Billion by 2030. Oxfords exude timeless elegance and sophistication. Their classic design, typically featuring closed lacing and a sleek silhouette, appeals to individuals seeking a refined and formal look. Oxfords are versatile formal shoes that can complement various outfits. They pair well with professional attire, such as suits and formal trousers, and can also be styled for semi-formal or smart-casual occasions, offering versatility in wear.

The Top grain Leather segment is experiencing a CAGR of 7.8% during (2023 - 2030). Top-grain leather is renowned for its high quality and durability. It is derived from the top layer of the hide and undergoes minimal processing, retaining the natural grain and strength of the leather. This makes it more resilient and long-lasting compared to other leather grades. The durability and quality of top-grain leather propel the segment's growth.

The Europe region dominated the Global Men Formal Shoes Market, by region in 2022 thereby, achieving a market value of $4.5 Billion by 2030, growing at a CAGR of 6.3 % during the forecast period. The North America region is experiencing a CAGR of 6.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 7.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/men-formal-shoes-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Guccio Gucci S.p.A. (Kering Group), Cole Haan (Apax Partners LLP), Burberry Group PLC, LVMH SE (Christian Dior), Church & Co Ltd. (Prada S.p.A.), PVH Corporation, Hugo Boss AG, C & J. Clark international ltd., Alden shoe company, Dolce & Gabbana S.r.l.

Global Men Formal Shoes Market Segmentation

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

Oxford Shoes
Derby Shoes
Loafer Shoes
Boots Shoes

By Leather Type (Volume, Thousand Units, USD Billion, 2019-2030)

Patent Leather
Pebble & Full grain Leather
Top grain Leather
Suede Leather

By Geography (Volume, Thousand Units, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA