Flip Flops Market:
Growth opportunities in the Flip Flops Market look promising over the next six years. This is mainly due to their unique design to offer comfort and warmth and the escalating investments in R&D activities to launch the eco-friendly product.
Flip Flops Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent drivers supplementing the growth of the global flip-flops market include the accelerating disposable income of the consumers, accompanied by the swift expansion in the population rate. Also, the growing apprehension towards environment protection is persuading the manufacturers to invest in research and development activities for the development of environment-friendly products, which will have a positive impact on the market demand. In addition, they proffer remarkable features, which include convenience, extremely lightweight, and better comfort level, which further adds to the market growth. The remarkable switch in consumers’ choice for fashionable flip flops led by their distinctive properties and economical price range will stimulate market growth. However, the raw material implemented in the production process is non-disposable, which may hinder flip-flops market share.
Distribution Channel Segment Drivers
Based on the distribution channel, online is predicted to expand at a faster CAGR during the forecast period. This is primarily attributed to the growing penetration of smartphones and the internet across the globe. Moreover, the e-stores provide a smooth shopping experience, easy payment option, and are 24*7 open. Moreover, producers are increasingly emphasizing on enlarging their footprint to the online world to serve the fuelling demand for consumers. The accessibility of various options and designs imparts the property to choose a product as per their choice.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to dominate the market over the forecast period owing to the mounting population rate and aggravating disposable income of the consumers. The increasing consumer awareness regarding the latest trends in fashion is further intensifying the market growth. On the other hand, North America is forecasted to grow at a higher CAGR over the forecast period. This is mainly because of the ongoing innovation and the accessibility of a diversified variety of products.
Flip Flops Market’s leading Manufacturers:
- Tory Burch LLC
- Nike Inc
- Kate Spade
- Ipanema
- Kappa
- Havaianas
- Skechers USA, Inc.
- Fat Face
- Clarks
- Crocs
- Adidas AG
- Deckers Brands
Flip Flops Market Segmentation:
Segmentation by Type
- Polyvinyl Chloride flip flops
- Ethylene-vinyl Acetate flip flops
- Rubber flip flops
- Others
Segmentation by End-User
- Male
- Female
Segmentation by Distribution Channel
- Hypermarkets
- Brand Stores
- Online
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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