Sandals Market Growth Analysis, Demand, Trends and Developments Forecast to 2030

According to the latest report from Reports and Data, the global market size for sandals reached USD 82.61 Billion in 2021. Over the forecast period, it is anticipated to exhibit a revenue compound annual growth rate (CAGR) of 4.6%. The driving forces behind this market growth include the rising disposable income of consumers and their growing preference for branded sandals.

Consumer preferences have been influenced by rapid urbanization and increased disposable income, resulting in a shift towards branded sandals. Furthermore, brands have found success in advertising their products on various social media and internet platforms, leading to a higher adoption of branded sandals. Companies and industries are leveraging social media marketing to inform their target customers about their product offerings, thereby creating an increased demand for sandals. This demand is attributed to consumers' recognition of branding, enhanced credibility, and the convenience of online purchases. Additionally, the growing number of working professionals has also contributed to the popularity of sandals, as they prioritize durability and comfort. These factors are expected to drive the growth of market revenue.

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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.

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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