Flip Flops Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Flip flops are light weighing casual and comfortable footwear, typically produced from rubber or plastic, usually with a thong between the big toe and the second toe. These are available in a wide variety of designs, styles, and brands. Presently, flip-flops have been considered fashionable and functional footwear. Additionally, flip flops provide comfort and application for household purposes and are used on beaches, hot weather conditions, and surfing.
MARKET DYNAMICS
Owing to the rising higher-income population, a trending tendency of the millennials to spend on utility products, and awareness of the utility of flip flops, there is a steep rise in demand for luxury footwear across the globe. Moreover, the ongoing digitalization in major countries and the consequent advancement in internet penetration have made social media websites an ideal channel for promoting and marketing trending flip-flops worldwide. Additionally, several key players are adopting lucrative marketing strategies and investing in innovations in the design and comfort of flip flops, further strengthening the market's growth. However, since this type of footwear is generally made from PVC and EVA, they harm the environment. Therefore, several key players have started adopting innovative technology and use eco-friendly materials to sustain in the global flip-flops market.
MARKET SCOPE
The "Global Flip Flops Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the Flip Flops market with detailed market segmentation by Category and Distribution Channel. The global Flip Flops market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Flip Flops market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Flip Flops market is segmented into Category, and Distribution Channel. By category, the Flip Flops market is classified into Men, Women, Unisex. By Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Flip Flops market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Flip Flops market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Flip Flops market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Flip Flops market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global Flip Flops market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The Flip Flops market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Flip Flops market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Flip Flops market in these regions.
MARKET PLAYERS
The report covers vital developments in the Flip Flops market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the Flip Flops market are anticipated to lucrative growth opportunities in the future with the rising demand for Flip Flops in the global market. below mentioned is the list of few companies engaged in the Flip Flops market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Flip Flops market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
1. Skechers USA, Inc.
2. Crocs, Inc.
3. Deckers Brands
4. Adidas AG
5. Kappa
6. Nike, Inc.
7. Tory Burch LLC
8. Havaianas
9. Under Armour Inc.
10. Birkenstock Orthopädie GmbH and Co. KG
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- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Flip Flops Market - By Category
1.3.2 Flip Flops Market - By Distribution Channel
1.3.3 Flip Flops Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLIP FLOPS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. FLIP FLOPS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FLIP FLOPS MARKET - GLOBAL MARKET ANALYSIS
6.1. FLIP FLOPS - GLOBAL MARKET OVERVIEW
6.2. FLIP FLOPS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLIP FLOPS MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. MEN
7.3.1. Overview
7.3.2. Men Market Forecast and Analysis
7.4. WOMEN
7.4.1. Overview
7.4.2. Women Market Forecast and Analysis
7.5. UNISEX
7.5.1. Overview
7.5.2. Unisex Market Forecast and Analysis
8. FLIP FLOPS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. FLIP FLOPS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Flip Flops Market Overview
9.1.2 North America Flip Flops Market Forecasts and Analysis
9.1.3 North America Flip Flops Market Forecasts and Analysis - By Category
9.1.4 North America Flip Flops Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Flip Flops Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Flip Flops Market
9.1.5.1.1 Canada Flip Flops Market by Category
9.1.5.1.2 Canada Flip Flops Market by Distribution Channel
9.1.5.2 Mexico Flip Flops Market
9.1.5.2.1 Mexico Flip Flops Market by Category
9.1.5.2.2 Mexico Flip Flops Market by Distribution Channel
9.1.5.3 US Flip Flops Market
9.1.5.3.1 US Flip Flops Market by Category
9.1.5.3.2 US Flip Flops Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Flip Flops Market Overview
9.2.2 Europe Flip Flops Market Forecasts and Analysis
9.2.3 Europe Flip Flops Market Forecasts and Analysis - By Category
9.2.4 Europe Flip Flops Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Flip Flops Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Flip Flops Market
9.2.5.1.1 Germany Flip Flops Market by Category
9.2.5.1.2 Germany Flip Flops Market by Distribution Channel
9.2.5.2 France Flip Flops Market
9.2.5.2.1 France Flip Flops Market by Category
9.2.5.2.2 France Flip Flops Market by Distribution Channel
9.2.5.3 Italy Flip Flops Market
9.2.5.3.1 Italy Flip Flops Market by Category
9.2.5.3.2 Italy Flip Flops Market by Distribution Channel
9.2.5.4 United Kingdom Flip Flops Market
9.2.5.4.1 United Kingdom Flip Flops Market by Category
9.2.5.4.2 United Kingdom Flip Flops Market by Distribution Channel
9.2.5.5 Russia Flip Flops Market
9.2.5.5.1 Russia Flip Flops Market by Category
9.2.5.5.2 Russia Flip Flops Market by Distribution Channel
9.2.5.6 Rest of Europe Flip Flops Market
9.2.5.6.1 Rest of Europe Flip Flops Market by Category
9.2.5.6.2 Rest of Europe Flip Flops Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Flip Flops Market Overview
9.3.2 Asia-Pacific Flip Flops Market Forecasts and Analysis
9.3.3 Asia-Pacific Flip Flops Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Flip Flops Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Flip Flops Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Flip Flops Market
9.3.5.1.1 Australia Flip Flops Market by Category
9.3.5.1.2 Australia Flip Flops Market by Distribution Channel
9.3.5.2 China Flip Flops Market
9.3.5.2.1 China Flip Flops Market by Category
9.3.5.2.2 China Flip Flops Market by Distribution Channel
9.3.5.3 India Flip Flops Market
9.3.5.3.1 India Flip Flops Market by Category
9.3.5.3.2 India Flip Flops Market by Distribution Channel
9.3.5.4 Japan Flip Flops Market
9.3.5.4.1 Japan Flip Flops Market by Category
9.3.5.4.2 Japan Flip Flops Market by Distribution Channel
9.3.5.5 South Korea Flip Flops Market
9.3.5.5.1 South Korea Flip Flops Market by Category
9.3.5.5.2 South Korea Flip Flops Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Flip Flops Market
9.3.5.6.1 Rest of Asia-Pacific Flip Flops Market by Category
9.3.5.6.2 Rest of Asia-Pacific Flip Flops Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Flip Flops Market Overview
9.4.2 Middle East and Africa Flip Flops Market Forecasts and Analysis
9.4.3 Middle East and Africa Flip Flops Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Flip Flops Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Flip Flops Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Flip Flops Market
9.4.5.1.1 South Africa Flip Flops Market by Category
9.4.5.1.2 South Africa Flip Flops Market by Distribution Channel
9.4.5.2 Saudi Arabia Flip Flops Market
9.4.5.2.1 Saudi Arabia Flip Flops Market by Category
9.4.5.2.2 Saudi Arabia Flip Flops Market by Distribution Channel
9.4.5.3 U.A.E Flip Flops Market
9.4.5.3.1 U.A.E Flip Flops Market by Category
9.4.5.3.2 U.A.E Flip Flops Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Flip Flops Market
9.4.5.4.1 Rest of Middle East and Africa Flip Flops Market by Category
9.4.5.4.2 Rest of Middle East and Africa Flip Flops Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Flip Flops Market Overview
9.5.2 South and Central America Flip Flops Market Forecasts and Analysis
9.5.3 South and Central America Flip Flops Market Forecasts and Analysis - By Category
9.5.4 South and Central America Flip Flops Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Flip Flops Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Flip Flops Market
9.5.5.1.1 Brazil Flip Flops Market by Category
9.5.5.1.2 Brazil Flip Flops Market by Distribution Channel
9.5.5.2 Argentina Flip Flops Market
9.5.5.2.1 Argentina Flip Flops Market by Category
9.5.5.2.2 Argentina Flip Flops Market by Distribution Channel
9.5.5.3 Rest of South and Central America Flip Flops Market
9.5.5.3.1 Rest of South and Central America Flip Flops Market by Category
9.5.5.3.2 Rest of South and Central America Flip Flops Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FLIP FLOPS MARKET, KEY COMPANY PROFILES
11.1. SKECHERS USA, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CROCS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DECKERS BRANDS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ADIDAS AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KAPPA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIKE, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TORY BURCH LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HAVAIANAS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. UNDER ARMOUR INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BIRKENSTOCK ORTHOPäDIE GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Skechers USA, Inc.
2. Crocs, Inc.
3. Deckers Brands
4. adidas AG
5. Kappa
6. Nike, Inc.
7. Tory Burch LLC
8. Havaianas
9. Under Armour Inc.
10. Birkenstock Orthopädie GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.