Industry Background:
Casual sandal refers to the footwear having an openwork on top or straps attached to the sole of the foot. It offers protection from external factors like heat, cold, dirt and others. Also, it is used to increase the visual appearance of the individual. The casual sandal market has high growth scenarios owing to the increasing focus of millennials on physical appearance and with the increasing disposable income in the emerging economies. In addition, to all these the rise in the demand for comfortable and yet stylish sandals is expected to drive the demand for casual sandals market over the forecasted period.This growth is primarily driven by Growing Focus among Millennials on Physical Appearance
.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Footwear sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Birkenstock (Germany), Alpargatas (Brazil), Belle (China), Adidas (Germany), Clark (United Kingdom), Skechers (United States), Caleres (United States), Steven Madden (United States), Rieker (Switzerland), ECCO (Denmark), Aldo (Canada) and Daphne (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
The majority ownership of the family-owned German sandal company Birkenstock has been purchased by the Parisian super-conglomerate LVMH
The new model, CG SQUASH POLTA AKH, from Adidas Originals and Craig Green pays homage to adidas design history. The shoe is an exact replica of the performance style SQUASH from 1988, which was designed for quick, nimble movement.The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Influencing Trend:
Emphasizing On Development of All-Weather Comfortable Sandals for Everyday Use and Growing E-Commerce Shopping Popularity
Market Growth Drivers:
Growing Focus among Millennials on Physical Appearance and Changing Style Statement Fueled by Rising Disposable Income
Challenges:
Growing Dominance of Local Players’ Product
Restraints:
Fluctuating Raw Material Prizes
Opportunities:
Increasing Demand for Comfortable Yet Stylish Sandals and Rising Disposable Income in Low and Middle-Income Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Casual Sandals Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Casual Sandals Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Casual Sandals players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Casual Sandals Study Sheds Light on
The Casual Sandals Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Casual Sandals industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Casual Sandals industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.