Global Flip Flops Market, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Flip Flops Market” report produced by MarketResearch.biz has been segmented based on end-user, distribution channels, and region. Extensive primary and secondary research has been invested to ascertain major factors and the different impact these elements have on respective aspects and scenarios in the global flip flops market. Research findings were verified through industry experts and then presented in the report. Presentation of historical and projected revenue details provides a deep understanding of the potential in the market currently as well as over the next 10 years. Trends, opportunities, restraints, drivers, and threats are also explained in the report in detail.
Flip flops are known as a special type of sandal, which are worn as casual wear. Flip flops can be worn both indoor and outdoor. Flip flops are available in the market at low prices with excellent durability. The difference between flip flops and sandals is that flip-flops are generally flat-soled, whereas sandals either fashioned with heels or flats. Different kinds of materials are used to make both and both can be worn outside during warm weather. Sandals usually have straps that secure ankles, which flip flops do not have. Flip flops are also known as simple sandals, which have only a thong or strap at the front to hold on. Flip flops sandals are mostly used as beach wears. There are many benefits for wearing flip flops such as they are versatile, allow feet to breathe, an easy grab and go, give more freedom, more comfortable, and relaxing. Flip flops come in different forms and designs, which makes consumers choose which design or style they are most comfortable with. Flip flops are mostly considered as a summer wear although people use it other times too.
The major factors driving growth of the global flip flops market are low prices and excellent durability. Moreover, flip flops can be easily carried as it is lightweight, which is expected to drive demand for the product in the global flip flops market over the forecast period. Attributed to continuous product innovation and growing consumer income levels are expected to further drive growth of the product in the global flip flop market over the forecast period. Due to increasing concern about environmental pollution, manufacturers are focusing on investing more in developing sustainable products, which are made of papyrus, eco-friendly materials, palm leaves, and wood. For example, in the year 2018, a startup company named Allbirds launched flip flops made from sugar cane. This factor is expected to support growth of the global flip flop market over the forecast period. In addition, companies are donating revenue share for various environmental causes to focus on growing sustainability, which, in turn, is projected to increase demand for flip flops in the global market over the forecast period. However, increasing concern regarding environmental pollution and harmful and non-disposable materials used for manufacturing products are expected to hamper growth of the market over the forecast period.
Global Flip Flops Market Segment Analysis:
By End-user: Among the end-user segments, the female segment accounts for major revenue share as compared to another segment, male. This growth of the segment is attributed to higher product demand from female consumers. In addition, availability of a wide range of products for women is attributed to growth of this segment.
Distribution Channel: The offline segment among the distribution channel segments is expected to account for highest revenue share in the global flip flops market, and the trend is projected to continue over the forecast period. This growth of the segment is attributed to increasing number of supermarkets and hypermarkets and availability of a wide range of products in these retail stores is attributed to this growth in the segment.
Global Flip Flops Market Regional Analysis:
The market in the Asia Pacific is projected to maintain its dominance in terms of revenue share, which is attributed to increasing awareness of consumers about the latest trends in this region.
Global Flip Flops Market Segmentation:
By Distribution Channel:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Skechers USA, Inc.
- Deckers Brands
- Fat Face
- Adidas AG
- J. Clark International Ltd.
- Nike, Inc.
- Tory Burch LLC.
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