Flip Flops Market
Flip flops refer to a kind of sandals that are popularly worn as casual footwear. Flip flops are the lightweight sandals made of plastic or rubber material. The flip flops consist of a flat sole and a Y-shaped strap passing between the first and second toes as well as around both foot sides.
The flip flops were earlier associated with hot weather, beaches, and surfing. Flip flops have become a fashion trend for both indoor as well as indoor wear. The comfort provided by the footwear makes them suitable to worn by most women to the beaches during summer. The global flip flops market is expected to witness significant growth during the forecast period.
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Market Opportunities
The increase in the demand for fashionable and comfortable footwear will drive the growth of the flip flops market. The high durability and low price of the flip flops are also expected to increase its demand. The flip flops being lightweight and easy to carry will further boost the market growth across the globe.
Market Segmentation
The global market of flip flops is classified based on product type, distribution channel, application, and region.
Depending on the product type, the flip flops market is further divided into EVA flip flops, rubber flip flops, PVC flip flops, EVA+Rubber flip flops, and other flip flops.
Based on the distribution channel, the global market is segmented into the online channel and offline channel. The offline channel is further divided into local markets and stores. The offline segment holds the highest share in the global market owing to the increase in the number of offline stores and the ease of purchase. The online channel is anticipated to witness growth during the forecast period due to the increase in the use of smartphones and the internet, and the expansion of e-commerce sectors.
Depending on the application, the global market includes women flip flops, men flip flops, girls flip flops, and boys flip flops.
Based on the region, the global market includes the North America region, Europe region, Asia Pacific region, South America region, and the Middle East and Africa region.
The Asia Pacific region is expected to become the leading market region by the end of the forecast period owing to the growing fashion trend in the region. The continuous product innovation and availability of a variety of products will result in the fast growth of the North America market. The South America region is expected to witness steady growth during the forecast period.
Important Market Players
The key industry players of the global flip flops market are REEF, Kate Spade New York, Kappa, Fat Face, Deckers Brands, Crocs, Tory Burch, Havaianas, Adidas, and Nike. Other eminent players in the industry are Monsoon Accessorize, Ipanema (Grendene), Roxy/ Quiksilver, Clarks, and Skechers.
Recent Industry News
Recently, Hot FlipFlops launched a wide collection of trendy flip flops for women. The collection included the thong sandals, platform flip flops, and slim flip flops among the other varieties.
In July 2019, Crocs collaborated with Vera Bradley to produce exclusive footwear collections.
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