Market Research Future (MRFR) has published on the “Global Flipflops and Sandals Market”.
The flipflops and sandals market is estimated to register a CAGR of 20.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global flipflops and sandals market - Birkenstock, Steven Madden, Adidas, Alpargatas, Caleres, Belle, ECCO, Skechers, Clark, Rieker, Crocs, Aokang, Decker, Topscore, Kenneth Cole, and GEOX.
Flipflops and Sandals Market Highlights
The global flipflops and sandals market is accounted to register a CAGR of 20.00% during the forecast period and is estimated to reach USD XX billion by 2032.
The global flipflops and sandals market's revenue growth is primarily being driven by increased consumer desire for stylish footwear and an increase in the need for comfortable, reasonably priced everyday use footwear. Additionally, it is anticipated that women will increasingly adopt heels to boost their height, compliment their dressing preferences, enhance fashion, and boost self-confidence. However, speaking out against environmental deterioration and the use of non-biodegradable and harmful materials in product manufacturing might prevent the demand for flip-flops and sandals from growing.
Access ful report @ https://www.marketresearchfuture.com/reports/flipflops-sandals-market-12631
Segment Analysis
The global flipflops and sandals market has been segmented based gasifier technology and gasifier application.
On the basis of application, the market is segmented into Women, Men, Girls and Boys. The women segment was attributed to holding the largest market share in 2022. Women's fashion trends frequently place a premium on diversity and adaptability, which fits in well with the wide array of flipflops and sandals designs on offer. Women shoppers are more likely to own many pairs of flipflops and sandals to go with various clothes, situations, and designs. The female flipflops and sandals market is driven by innovation and a broader diversity of patterns and colors by this demand for variety.
Based on type, the global flipflops and sandals market has been segmented into Flip Flops and Sandals. The flip flops segment was expected to hold the largest market share in 2022. Since they make this footwear option available to a wider range of consumers who might not have been able to afford more expensive options, flip flops' low price and greater durability are significant market growth factors. Because they are lightweight, practical to pack, and versatile to wear, flip-flops are also popular with travelers.
Regional Analysis
The global flipflops and sandals market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe flipflops and sandals market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The flipflops and sandals market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World flipflops and sandals market comprises of Middle East, Africa, and Latin America.
The largest market share for flipflops and sandals was maintained by the North American regional sector. The flipflops and sandals are distributed in the United States by a number of significant retailers and distribution partners. Domestic competitors can profit from their well-developed distribution networks, which give them access to a large consumer base and promote sales and brand awareness.
Moreover, the Europe market has been persistently growing over the forecast period due to the growing awareness of fashion trends and the rising desire for attractive shoes. In order to attract customers from different nations in Europe, worldwide flipflops and sandals producers are also concentrating on forming alliances with stylish labels.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The region's rise is mostly linked to rising consumer expenditure on trendy clothing and footwear as well as rising consumer awareness of the most recent fashion trends. Customers are increasingly looking for footwear solutions that are both functional and comfortable, as well as fashionable and on-trend.
Furthermore, the rest of the world's flipflops and sandals market is divided into the Middle East, Africa, and Latin America. Due to the rising consumption and imports of footwear pairs in nations like Brazil and Peru, the rest of the world is predicted to rise at a significant rate. Nearly 33 million people in Peru consumed more than 116 million pairs of shoes as of 2019, according to the Brazilian Footwear Industry Association.
Key Findings of the Study
- The global flipflops and sandals market is expected to reach USD XX billion by 2032, at a CAGR of 20.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market. The growth of the region is mostly attributed to increased consumer spending on fashionable apparel and footwear as well as rising consumer awareness of current fashion trends.
- Based on application, the women segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- Birkenstock, Steven Madden, Adidas, Alpargatas, Caleres, Belle, ECCO, Skechers, Clark, Rieker, Crocs, Aokang, Decker, Topscore, Kenneth Cole, and GEOX
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.