+91-8668442535

Flip Flops Market By End-User (Male, Female) By Distribution Channel (Online, Offline) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

About this report

The global flip flops market report explores the critical analysis of the flip flops industry using key parameters. The report consists of investment strategies, the need for investments in the flip flops industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the flip flops industry and how economic and non-economic barriers are helping the flip flops market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS

Flip Flops Market by Volume

Yes

Flip Flops Market by Value

Yes

Flip Flops Market, Tornado Analysis

Yes

Flip Flops Market, STAR Analysis

Yes

Flip Flops Market, SRC Analysis

Yes

Flip Flops Market, Import-Export Data

Yes (On Demand)

Flip Flops Market Pricing Analysis

Yes (On Demand)

Flip Flops Market Segment Analysis

By End-User (Male and Female)

By Distribution Channel (Online and Offline)

Flip Flops Market, Regional Analysis

North America (US and Canada)

Europe (Germany, UK, France, Italy, Spain, and Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and Rest of Middle East and Africa)

Flip Flops Market Key Companies

Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; Tory Burch LLC.

Flip Flops Market Competitive Landscape

Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

 

Key Highlights of the report

How are the major segments performing in the Flip Flops market?

  • In 2021, the female end-user group held the biggest market share for flip-flops due to increasing product demand.
  • In 2021, the offline distribution channel sector had the biggest share. In the upcoming years, it will increase steadily at a faster rate.

Which region dominated the Flip Flops market?

In 2021, the Asia Pacific region was anticipated to have the largest regional market. The increase is attributable to consumers becoming more aware of current fashion trends. Over the anticipated period, North America is anticipated to have the fastest rate of growth in this area. The market in this area is driven by the accessibility of a wide range of products and ongoing product innovation. Central and South America are anticipated to experience significant growth between 2022 and 2028 at a consistent CAGR due to increasing product demand.

How is US Market performing in the Flip Flops market?

The rise in consumer disposable income levels and ongoing product innovations are major factors that are e to boost the expansion of the flip-flops market in the US. The market for flip flops is also expected to rise due to the expanding concerns about environmental contamination and the harmful components used in product manufacturing. It is also predicted that increasing product variation may temper the flip-flops market.

What is the competitive environment of the Flip Flops market?

The competitive environment of the flip flops industry provides data on the total economic profit made by suppliers and businesses, the sales and revenues produced in this industry, the global market share of flip flops, a summary of the business organization, the introduction of new products, and the opportunities for the flip flop market. Major players are focused on launching new products. For instance, a new footwear alliance with the late illustrious Japanese designer Kansai Yamamoto was revealed by Skechers in July 2021. Released in Japan, North America, and Europe, the limited-edition Skechers x Kansai Yamamoto line of four fashionable sneakers for men and women pays respect to Kansai's aesthetic.

Executive Summary

What are the market definition and overview of the Flip Flops market?

Flip-Flops are comfortable, casual footwear with a flat sole and a strap that wraps over the top of the foot and between the first and second toes. Flip-Flops have been around since 4,000 BC. Due to their great comfort level, flip-flops became more well-liked after World War II. At first, the sandals were altered to fit American culture. It quickly gained popularity as summer footwear worldwide and was strongly linked to the beach lifestyle, particularly among women. There are numerous styles, brands, and flip flop designs. Classic flip-flops are transformed into fashionable and practical footwear by changing fashion trends. Available in several kinds: Flip flops come in a wide range depending on the customer's needs, including Rubber Flip Flops, Leather Strap Flip Flops, Straw-Lined Flip Flops, Suede Flip Flops, Wedge Heel Flip Flops, Slides, Toe Hole Flip Flops, and Slipper Flip Flops.

Which are the key investments by the Flip Flops market players?

Leading players operating in the flip flops market are focusing on expansion in production capacities for flip flops. Apart from this, players are concentrating on strategic mergers & acquisitions, and collaborations to gain a competitive edge. For instance, Bathing Ape, a streetwear brand, and Havaianas collaborated to create an exclusive line released in August 2021. The collection has the Trade Zori and the Top silhouettes, both of which have been updated with Bape's recognizable camouflage pattern. In March 2022, HOKA and Bodega joined forces. The exclusive collection seamlessly fuses casual urban style with outdoor performance innovation. The two new goods are the ORA Recovery Slide limited edition and the Kaha Low GTX trail hiker colorway.

Some major flip-flops market players are Havaianas; Skechers USA, Inc.; Crocs; Deckers Brands; Fat Face; Adidas AG, C. & J. Clark International Ltd.; Kappa; Nike, Inc.; and Tory Burch LLC.

flip-flops-market

What are the Major Driving Factors for the Flip Flops market?

Because of the strong product demand for flip flops due to their exceptional durability and low pricing throughout the projected period, the market is anticipated to grow at a faster compound annual growth rate. Additionally, these shoes are incredibly lightweight and convenient to carry, which is increasing demand for them globally. Rising consumer disposable income levels and ongoing product advancements are anticipated to expand this market. Manufacturers are increasing their R&D spending to create environmentally friendly products produced from papyrus, wood, and palm leaves. For instance, a startup called Allbirds introduced new flip flops made from sugar cane in 2018. The demand is then anticipated to increase as a result.

What are the Major Risks for the Flip Flops market?

Since consumers are becoming more interested in eco-friendly products, the fact that the Flip Flops are commonly made of EVA (ethylene-vinyl acetate), a petroleum-based product, which is non-bio based and produces hazardous substances, hinders the growth of the global flip flops market. Since flip flops are made of EVA, they harm the environment. Concerns regarding environmental contamination and using dangerous, non-disposable materials in flip flop production could impede market expansion. At the same time, the availability of counterfeit flip-flops would also have a detrimental effect on the market.

Which is the key end-user in the Flip Flops market?

Depending on the end user, the market is divided into males and females. Due to increasing product demand, the female end-user group holds the biggest market share for flip flops. Additionally, the accessibility of a wide range of items will fuel demand in this market. Additionally, the segment is anticipated to see the fastest CAGR during the anticipated time frame. Over the anticipated period, the male end-user category will also experience a considerable increase. Due to greater public awareness of the newest fashion trends, this segment's high product demand is credited with the expansion.

How is the Flip Flops market performing in regions?

As a result of changing fashion trends, particularly among the millennial generation in nations like India and Thailand, Asia Pacific is anticipated to overtake other regions as the leading market for flip flops globally in the future. Due to the ease with which essential resources like land and labor are available, major firms may establish manufacturing facilities and warehouses in nations like India. Due to the wide variety of flip-flop goods offered in nations like the US and Canada, North America is predicted to have high market growth in the years to come. Due to the enormous product innovation occurring in nations like Germany and the UK, Europe is anticipated to experience significant expansion in the worldwide market in the coming years. Future market projections indicate that other parts of the world will have the moderate market expansion, including Latin America, the Middle East, and Africa.

What is the market size of Flip Flops regarding value?

The global flip flops market is anticipated to grow at a substantial CAGR of 4.0% in the upcoming years. The global flip flops industry was estimated to be worth USD 19.6 million in 2021 and was expected to be worth USD 24.8 million by 2028.

What are the major players planning for the future of the Flip Flops market?

To increase their market share, businesses are increasing their R&D spending to create eco-friendly products with cutting-edge features, distinctive designs, and patterning. For instance, a new line of flip flops containing chips was introduced by Hari Mari in partnership with the Nokona baseball glove company.

Segmentation of global Flip Flops market-

Global Flip Flops Market – By End-User

  • Male
  • Female

Global Flip Flops Market – By Distribution Channel

  • Online
  • Offline

Global Flip Flops Market – By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global Flip Flops market

The global flip-flop market was adversely affected by the COVID-19 pandemic. The number of individuals going outside to buy flip-flops substantially decreased due to governments enforcing harsh social distancing laws and lockdowns to stop the virus's spread.

Asia Pacific accounted for the largest share of the global flip flops market.

Increasing disposable income of end consumers and high durability and low prices of flip flops to drive the flip flops market.

The female segment had a major global market share in 2021.

The offline segment had a major share of the global market.

Flip Flops Market Scope

Report Attribute Details
Market Value in 2021 USD 19.6 million
Market Value in 2028 USD 24.8 million
CAGR 4.0%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Consumer Goods
Report ID:   60808
Report Format:   PDF
Pages:   120
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support