Jan 17, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flip Flops Market.
It was estimated prior to this unanticipated outbreak that the Flip Flops Market is likely to witness a CAGR of 4.2% during the forecast period. The prime factors that are contributing to the growth of the flip flops market are increasing consumer disposable income levels, product innovations, and the rising demand for flip flops as they are offer durability at low prices.
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Flip flops are light sandals, generally made from rubber or plastic, with a thong between the big and the second toe. With the change in fashion trends, flip flops have become everyday usable footwear. They are majorly worn by women on beaches throughout the summer season.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the end-user type, the market is segmented as male and female. The female segment held the larger share of the market in 2019, due to the high product demand and presence of wide variety of products. Also, the segment is likely to witness a higher CAGR during the forecast period.
Based on the distribution channel type, the flip flops market is segmented as online and offline. The offline distribution channel occupied the larger share of the pie in 2019 and is also likely to grow at a healthy rate due to rising number of hypermarkets and brand stores. However, the online segment is likely to grow at a higher CAGR during the forecast period, due to increasing use of internet and smart mobile phones, and ease in shopping through online medium.
In terms of regions, Asia-Pacific is estimated to be the largest market for flip flops, owing to increasing awareness regarding latest fashion trends. North America is estimated to grow at the highest CAGR during the forecast period, driven by a wide range of product availability and product innovations.
Key players operating in the global Flip Flops market are-
- Adidas AG
- C. & J. Clark International Ltd
- Crocs, Inc.
- Deckers Outdoor Corporation
- Fat Face
- Nike, Inc.
- Skechers USA, Inc.
- Tory Burch LLC.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Flip Flops analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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