Sandals Market Will Estimated to Boost USD 124.17 Billion at a CAGR of 4.6% by 2030 | Reports and Data

The global sandals market size was USD 82.61 Billion in 2021 and is expected to register a revenue CAGR of 4.6% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing disposable income of consumers and rising preference for branded scandals.

Rapid urbanization and rise in disposable income have shifted consumer preference toward branded scandals. In addition, brands are experiencing greater advertising success on various social media and internet platforms, which results in more adoption of branded scandals. Many companies and industries use social media marketing to inform their target customers about their product offerings on social media channels. Thus, there is an increased demand for scandals due to consumers’ recognition of branding, enhanced credibility, and ease of purchase. Moreover, increasing number of working professionals has also contributed to popularity of sandals as they provide durability and comfort. These factors are expected to drive market revenue growth.

Top Companies Operating in the Global Sandals Market Report:

Adidas AG, Nike, Inc., Woodland Worldwide, CALERES, Hermès, PRADA S.P.A., PUMA SE, ASICS America Corporation, Crocs Retail, LLC., and DEICHMANN.

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Some Key Highlights From the Report

• The flip-flops sandals segment is expected to register a rapid growth rate during the forecast period owing to consumers’ desire for more comfortable and convenient footwear. In addition, flip-flops provide breathability for feet and are commonly chosen by individuals who suffer from sweaty or swelling feet. Furthermore, flip-flops are preferred owing to their low cost and long lifespan, which increases customer satisfaction.
• The leather segment is expected to register a rapid growth rate during the forecast period. Leather materials are widely used in sandals due to their comfort and durability, which can be cut and shaped relatively easily due to its lightness, strength, and suppleness. It also helps to regulate temperature as it is breathable and has an elastic quality, which allows it to conform to feet over time, which is expected to drive demand for material for making sandals. The leather material is also widely used for footwear due to its ability to resist various substances, including cleaners and water, making it easy to maintain.
• The medium segment is expected to register a steady growth rate during forecast period due to increasing demand for high-quality and durable sandals. Consumers are willing to pay a medium price range for various types of sandals as they are used for daily living. Also, rising demand for comfortable sandals with good cushioning is expected to drive revenue growth of this segment. Medium-range sandals are more popular with women at work and home.
• The E-commerce segment is expected to account for largest market share over the forecast period owing to need for faster buying process and flexibility for customers. Online purchasing has increased significantly due to availability of multiple vendors and sellers, which simplifies product comparison, price comparison, consumer reviews, delivery to doorsteps, and easy return policies.
• The North America market is expected to account for largest revenue share in the global market during the forecast period. This is due to increasing presence of major market players, such as Nike, Inc., CALERES, ASICS America Corporation, and Crocs Retail, LLC., among others. which is driving market revenue growth in the region. Growing disposable income have led to increasing popularity of branded sandals to keep up with the latest fashion trends. According to data of 2021, the U.S. had a disposable income of USD 16.02 trillion. In addition, rapid growth of construction activities, such as shopping malls, brand stores, and fashion retail outlets in countries including the U.S. and Canada, has also resulted in increasing adoption of sandals among the population. There were approximately 1,000 malls operating in the U.S. in 2020, which is expected to drive revenue growth of the market.

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Further market segmentation

Type Outlook (Revenue, USD Billion; 2019-2030)

• Floaters
• Loafers
• Flip-flops
• Flats
• Heels
• Others

Material Type Outlook (Revenue, USD Billion; 2019-2030)

• Rubber
• Leather
• Textile
• Others

Price Range Outlook (Revenue, USD Billion; 2019-2030)

• Economy
• Medium
• Premium

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

• Supermarkets/Hypermarkets
• Specialty Stores
• Online Stores
• Others

Key Takeaways of the Global Sandals Market Report:

• A comprehensive overview of the global Sandals industry.
• Accurate market projections in terms of market size, share, and volume.
• Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
• Deep-dive analysis of the upcoming market trends.
• Qualitative and quantitative analyses of the global Sandals market.
• Elaborate study of the leading regional markets in the global Sandals market.
• Complete overview of the market’s competitive landscape.
• Brief look at the company profiles and portfolios.

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