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.
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The global consumer goods market revenue growth is primarily attributed to factors such as rapid increase in global population, growing demand for food and other essential consumer goods such as healthcare & nutrition, personal care & hygiene, and electronic products, significantly changing consumer lifestyles and preferences, increasing demand for packaged and processed food & beverage products, and increasing working population. Technological advances in product manufacturing and packaging techniques, rapid adoption of cutting-edge technologies such as AI, IoT (Internet of Things), big data analytics, and robotics & automation in consumer goods manufacturing sector, rising awareness of the adverse environmental effects of plastic packaging, and growing demand for eco-friendly and sustainable packaging solutions are among the other key factors driving revenue growth of the global consumer goods market. Stringent government regulations and guidelines for product quality and safety and rising income levels of consumers worldwide, especially in developing economies such as India, are factors that are expected to further boost market revenue growth.
Top Profiled in the Global Sandals Market Report:
- Adidas AG,
- Nike, Inc.,
- Woodland Worldwide,
- PRADA S.P.A.,
- PUMA SE,
- ASICS America Corporation,
- Crocs Retail, LLC.,
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By Type Outlook:
By Material Type Outlook:
By Price Range Outlook:
By Distribution Channel Outlook:
- Specialty Stores
- Online Stores
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.
Key Regional Markets Covered in the Report:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
Rest of Middle East & Africa
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