A recent market intelligence report that is published by Data Insights Partner on the global Flip-Flops Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Flip-Flops Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Flip-Flops Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Flip-Flops Market `is offered. In accordance with the report, the global Flip-Flops Market is projected to expand at a CAGR of 4.2% over the period of forecast.
Market Insight, Drivers, Restraints& Opportunity of the Market:
Flip-Flops are simple sandals used for daily purpose. These are basically flat soled shoes with an inverse Y shaped strap to separate the big finger and the second finger of the toe and hold the feet properly. These are uncovered shoes facilitating the contact of feet with the atmosphere. These are adaptable, cozy, flexible, lightweight and comfy. These sandals are made up of rubber, plastic and other materials. Low prices of this product and the strength and durability of this product is driving its market. Owing to cheap price of the good, these sandals are worn by the weaker sections of the society for their day to day use These products are basically worn in the summer season. But due to its increasing benefits it is used through out the year and at home in winter season. The product’s usability throughout the year is sustaining the Flip-Flop market. Apart from daily outdoor usage, it can also be used in the beaches, during surfing, a casual day outing. This is also determining the growth of this market. These Flip-Flops come in a variety of designs and are hence very attractive. Its attractiveness coupled with its usage in a variety of occasions is boosting the growth of this market. Consumers are increasingly preferring footwears that are comfortable, eye catchy, safe and utilitarian. Flip-Flops satisfies all these conditions and hence widely used and demanded. This is empowering the growth of market. Also, changing fashion trends is likely to fuel the growth of the Flip-Flops Market. The rising disposable income and dynamic lifestyle is also driving the growth of this market.
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These flip-flops are generally made of plastics and rubber which does not go hand-in-hand with the environmental standards. Increasing environmental concerns and the use of disposable materials that does not adversely affect this market is hindering the growth of this market. Also, along the production process of this goods, various hazardous materials are used which are not eco-friendly. These is severely blocking the growth of this market.
Innovations in the raw materials used in the production of flip-flops is likely to be good opportunity for the growth of this market. For instance, in 2018, Allbirds set in motion a kind of flip-flop that was made out of sugar cane. This introduction is doing away the environmental threats posed by this market. Apart from this the tendency of all year-round usage of flip-flops is a good chance to have a market of this product throughout. The benefits associated with the use of flip-flops is high as compared to its price. This is a great backup of the flip-flops market.
This market intelligence report on the global Flip-Flops Market encompasses market segments based on material, end user, distributional channel, and country/regions.
By product material, the Flip-Flops Market is segregated into,
- Ethylene-Vinyl Acetate (EVA)
- EVA and Rubber
- Polyvinyl Chloride (PVC)
By end user, the Flip-Flops Market is classified into,
- Female (adult, children)
- Male (adult, children)
By distributional channel, the Flip-Flops Market is segmented into,
- Online stores
- Offline stores (retail stores)
By country/region, the Flip=Flops Market is divided into,
- North America (the U.S., Canada),
- Latin America (Brazil, Mexico, Argentina and other countries),
- Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
- Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
- Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
- Roxy Inc
- TRESTLES IP HOLDINGS LLC
- Kate Spade
- Grendene USA
- Relaxo Footwears Ltd
- Allbirds Inc
- River Light V, L.P
- Nike Inc
- BasicNet S.P.A
- Adidas AG
- DECKERS BRANDS
- SKECHERS USA
- Crocs Retail LLC
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Flip-Flops Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
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Ø This study offers comprehensive yet detailed analysis of the Flip-Flops Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Flip-Flops Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as Crocs Retail LLC, SKECHERS USA, DECKERS BRANDS, Adidas AG, FatFace, Nike Inc, BasicNet S.P.A and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Flip-Flops caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Flip-Flops Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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