Flip Flops Market

Flip Flops Market Overview

A flip flop is usually characterized as a light shoe that is worn inside the house. This footwear comprises a Y-shaped strap called a thong, which is placed between the big toe and the second toe. Flip flops generally have a flat sole, which is loosely held by the straps. They are specifically designed to provide comfort and warmth rather than style and are highly preferred by older people.

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Major Flip Flops Market Drivers

The major factors boosting the demand of the Global Flip Flops Market include the rising disposable income of the consumers, followed by the rapid increase in the population rate across the globe. The increasing environmental concerns is encouraging the manufacturers to invest in R&D activites for the development of eco- friendly flip flops, which in turn, will have a positive impact on the growing demand of the market. The flip flops offer exceptional advantages such as they are extremely light-weight, convenient, and enhances the comfort level. The significant shift in the consumer’s preference towards fashionable flips flops driven by its unique properties and affordable price range is further driving the growth of the market. On the other hand, the non-disposable raw material used in the manufacturing process of flip flops will hamper the growth of the Global Flip Flops Market over the coming years.

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Based on end-user, the female segment is expected to grow at a higher CAGR over the forecast period owing to the increasing demand for flip flops among female consumers driven by the wide range of diverse products at an affordable price. The growing fashion trend of wearing flip flops as casual footwear is attracting a large number of female consumers towards the market.

Based on the distribution channel, the online segment is projected to grow at a higher CAGR during the forecast period due to the rising penetration of smartphones and internet across the globe. Moreover, the e-stores provide a hassle-free shopping experience, easy payment option, and are 24*7 open. The manufacturers around the world are emphasizing on expanding their footprint to the online world to capture the growing demand of the consumers. The availability of multiple options and designs is providing the consumers with different options to choose a product as per their choice.

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Regional – Segment Analysis

Based on the region, the Asia-Pacific region is anticipated to lead the market over the forecast period owing to the increasing population rate and rising disposable income of the consumers in this region. The rising consumer awareness regarding the latest trends in fashion is further promoting them to opt for flip flops. The North America region is projected to grow at a higher CAGR over the forecast period owing to the continuous innovation in the development of flip flops and the availability of a diversified range of products in the region.

Top Market Players

Various notable players operating in the market include Deckers Brands, Havaianas, Adidas AG, Kappa, Crocs, Ipanema, Clarks, Kate Spade, Fat Face, Nike Inc, Skechers USA, Inc., and Tory Burch LLC among others.

Key Developments:

• • In 2019, Teva, a division of Deckers Brands launched Hurricane XLT2`Alp sandal by the collaboration with Herschel Supply, which is an accessories brand. The sandal is a combination of outdoor the heritage of Teva and DNA from Herschel signature carryalls.
  • In 2018, Havaianas entered the India market by a joint partnership between Alpargatas S.A. and Shoezone Lifestyle LLP and planned to invest $20 million across the nation to expand its footprint.

Segments covered in the Report:

The Global Flip Flops Market has been segmented on the basis of product, end-user, distribution channel, and key regions. Based on product, the market is segmented into polyvinyl chloride flip flops, ethylene-vinyl acetate flip flops, rubber flip flops and others. Based on end-user, the market is segmented into male and female. Based on the distribution channel, the market is segmented into Hypermarkets, Brand Stores, Online Stores, and Others.

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Key questions answered in this research report:

• • At what pace is Global Flip Flops Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Flip Flops Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Flip Flops Market?
  • What are the various end-user areas of Global Flip Flops Market and how they are poised to grow?
  • Which product generated maximum revenues in 2019 and identify the most promising products during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By End-User, By Distribution Channel, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Deckers Brands, Havaianas, Adidas AG, Kappa, Crocs, Ipanema, Clarks, Kate Spade, Fat Face, Nike Inc, Skechers USA, Inc. and Tory Burch LLC; a total of 12 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Flip Flops Market by Product

• • Polyvinyl Chloride flip flops
  • Ethylene-vinyl Acetate flip flops
  • Rubber flip flops
  • Others

Global Flip Flops Market by End-User

• • Male
  • Female

Global Flip Flops Market by Distribution Channel

• • Hypermarkets
  • Brand Stores
  • Online
  • Others

Global Flip Flops Market by Region

• • North America Flip Flops Market Option 1: As a part of the free 25% customization

    • North America Flip Flops Market by Product
    • North America Flip Flops Market by End-User
    • North America Flip Flops Market by Distribution Channel
    • United States of America (US) Flip Flops Market All-Up
    • Canada Flip Flops Market All-Up

  • Europe Flip Flops Market Option 2: As a part of the free 25% customization

    • Europe Flip Flops Market by Product
    • Europe Flip Flops Market by End-User
    • Europe Flip Flops Market by Distribution Channel
    • United Kingdom (UK) Flip Flops Market All-Up
    • Germany All-Up Flip Flops Market All-Up
    • France Flip Flops Market All-Up
    • Spain Flip Flops Market All-Up
    • Rest of Europe Flip Flops Market All-Up

  • Asia-Pacific Flip Flops Market Option 3: As a part of the free 25% customization

    • Asia-Pacific Flip Flops Market by Product
    • Asia-Pacific Flip Flops Market by End-User
    • Asia-Pacific Flip Flops Market by Distribution Channel
    • China Flip Flops Market All-Up
    • India Flip Flops Market All-Up
    • Japan Flip Flops Market All-Up
    • Rest of APAC Flip Flops Market All-Up

  • ROW Flip Flops Market Option 4: As a part of the free 25% customization

    • RoW Flip Flops Market by Product
    • RoW Flip Flops Market by End-User
    • RoW Flip Flops Market by Distribution Channel
    • Brazil Flip Flops Market All-Up
    • South Africa Flip Flops Market All-Up
    • Saudi Arabia Flip Flops Market All-Up
    • UAE Flip Flops Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Flip Flops Market All-Up

Leading market players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Deckers Brands
  • Havaianas
  • Adidas AG
  • Kappa
  • Crocs
  • Ipanema
  • Clarks
  • Kate Spade
  • Fat Face
  • Nike Inc.
  • Skechers USA, Inc.
  • Tory Burch LLC