Flip Flops Market Clinical Research Analysis and Global Outlook 2022 to 2027
Stratview Research delivers key insights on the global Flip Flops Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Flip Flops Market:
• Adidas AG
• C. & J. Clark International Ltd
• Crocs, Inc.
• Deckers Outdoor Corporation
• Fat Face
• Havaianas
• Kappa
• Nike, Inc.
• Skechers USA, Inc.
• Tory Burch LLC.
Growth drivers and Market Value:
This report, from Stratview Research, studies Flip Flops market value and growth drivers over the trend period of 2022-27. According to the report -
Flip Flops market is likely to witness a CAGR of 4.2% during the forecast period. The prime factors that are contributing to the growth of the flip flops market are increasing consumer disposable income levels, product innovations, and the rising demand for flip flops as they are offer durability at low prices.
Segment Analysis:
Based on by Distribution Channel Type:
Based on the distribution channel type, the flip flops market is segmented as online and offline. The offline distribution channel occupied the larger share of the pie in 2021 and is also likely to grow at a healthy rate due to rising number of hypermarkets and brand stores. However, the online segment is likely to grow at a higher CAGR during the forecast period, due to increasing use of internet and smart mobile phones, and ease in shopping through online medium.
Based on Regional:
In terms of regions, Asia-Pacific is estimated to be the largest market for flip flops, owing to increasing awareness regarding latest fashion trends. North America is estimated to grow at the highest CAGR during the forecast period, driven by a wide range of product availability and product innovations.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Flip Flops Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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