Industrial automation equipment

Global Quick Dry Beach Shoe Market

October 8, 2021
ID: SR/CG-88
Format:Pdf
Pages:220

Global Quick Dry Beach Shoe Market By Type (Man, Women), By Distribution Channel (Shopping Mall, Specialty Store, Online Store, Others) and By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)-Global Forecast to 2027.

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Description

Quick Dry Shoe Market Overview

The quick dry beach shoe market was valued at USD 22 Million in 2020 and projected to reach USD 28.5 Million by 2027, growing at a CAGR of 3.9% during the forecast period, 2020-2027.

The number of users using social media platforms and increase in internet penetration across the globe. This, in turn, is anticipated to contribute to the quick dry beach shoe market growth in the forecast period.

Moreover, benefits associated with wearing beach shoes such as flexibility enhanced breathability and provides insulation will propel the growth of the global quick dry beach shoe market in the upcoming years.

Additionally, factors such as a rise in urbanization and an increase in disposable income of consumers are anticipated to drive the global growth of the quick dry beach shoe market.

What is Quick Dry Beach Shoe?

Quick dry beach shoes are commonly utilized for activities where the feet are likely to become wet. Beach shoes are generally made of mesh and have a hard sole to prevent cuts and areas with injuries. They often have small holes on the sides or bottom of the sole to allow quick water drainage, which helps the wearer’s feet dry quicker and delays the material’s lifespan.

Growth Driver

Benefits associated with wearing beach shoes

There is a major growth opportunity for quick dry beach shoes in the global market as quick dry beach shoes are flexible and made with mesh material for increased breathability, which helps keep feet cool. They additionally give protection, keeping feet warm in cool water. These shoes also consider improved water flow when submerged and better drainage when out of the water. This will fuel the growth of the global quick dry beach shoe market.

However, the major factor restraining the growth of the global quick dry beach shoe market is the high cost of beachwear shoes and lack of awareness in various regions.

Pre Covid-19 impact

Factors such as increasing urbanization and advanced market players drive the market growth for quick dry beach shoes. Additionally, the growing need for beach shoes for enhanced breathability and flexibility at the beaches had created several opportunities for a quick dry beach shoe market in the Pre-covid era.

Covid-19 impact

Coronavirus disease (COVID-19) is a global public health disease that has brought serious social, medical and economic challenges in every industry. It has tremendously burdened the overall healthcare industry. The World Health Organization has declared COVID-19 a public health emergency. The spread of COVID-19 is generating an enormous disruption in the everyday activities of people. As coronavirus crises took over the world and led to curfews and lockdown, which impacted many businesses worldwide, countries across the globe are trying to prevent further contagion by adopting various measures such as social distancing, testing, quarantine, and many others.

Post Covid-19 impact

The outbreak of COVID-19 resulted in a decrease in the demand for quick dry beach shoes across several sectors. The pandemic has resulted in a downfall in demand for a quick dry beach market due to the lockdown and other probations implemented by major countries across the globe. Except for the life support products and medical supplies industries, most industries have been majorly impacted, and beach shoes and footwear industries have also been greatly affected by this pandemic. Therefore, with the outbreak of the COVID-19, the market will grow at a low rate for quick dry beach shoes across the globe, which has negatively impacted the quick dry beach shoe market value in 2020 and subsequent years.

Type Segmental Analysis

Based on the type, the quick dry beach shoe market is segregated into men and women.

The women segment is estimated to have the highest market share in the type segment for the quick dry beach shoe market. This is since the increase in the number of working women worldwide and the rise in disposable income of consumers, thereby driving the growth of the quick dry beach shoe market.

Distribution Channel Segmental Analysis

The quick dry beach shoe market is bifurcated into shopping malls, specialty stores, online stores, and other channels based on the distribution channel.

The specialty store segment will dominate the quick dry beach shoe market by 2027 due to an increase in working-class population, rise in urbanization and competitive prices across the globe, which boost the demand of specialty stores in developed and developing regions for a quick dry beach shoe market.

Region Segmental Analysis

The quick dry beach shoe market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Asia Pacific is estimated to project considerable growth over 2020-2026. It is due to the fastest-growing consumer markets of China and India, growing urbanization and rise in discretionary income of consumers in the region.

However, North America will have a prominent share in the quick dry beach shoe market by 2027, owing to the rapidly increasing population and rising air passenger traffic to beach countries in the region.

Competitor Analysis

Companies include Aokang, Red Dragonfly, Year, Camel, Warrior, Decathlon, Toread, Birkenstock, Boree, Spiderking are the key players in the global quick dry beach shoe market.

Key Stakeholders

Market research and consulting firms
Investors
Quick dry beach shoe manufacturers
Research organizations and consulting companies
Quick dry beach shoe suppliers
Technology providers
Regulatory bodies

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 22 Million
The revenue forecast in 2027	USD 28.75 Million
Growth Rate	CAGR of 3.9% from 2020 to 2027
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Aokang, Red Dragonfly, Year, Camel, Warrior, Decathlon, Toread, Birkenstock, Boree, Spiderling

Market Modelling

By Type

Man
Women

By Distribution Channel

Shopping Mall
Specialty Store
Online Store
Others

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

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Frequently Asked Questions (FAQ):

What is a quick dry beach shoe?

What is the growth rate of the quick dry beach shoe market?

The quick-dry beach shoe market was valued at USD 22 Million in 2020 and projected to reach USD 28.75 Million by 2027, growing at a CAGR of 3.9% during the forecast period, 2020-2027.

What segments are covered in the quick dry beach shoe market?

The global quick dry beach shoe market is segmented based on type, distribution channel and region.

Which region has the highest growth rate in the quick dry beach shoe market?

The Asia Pacific is expected to project considerable growth over 2020-2026 due to the fastest-growing consumer markets of China and India, growing urbanization and rise in disposable income of consumers in the region.

Who are the key players in the quick dry beach shoe market?

Companies include Aokang, Red Dragonfly, Year, Camel, Warrior, Decathlon, Toread, Birkenstock, Boree, Spiderking are the key players in the global quick dry beach shoe market.

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Global Quick Dry Beach Shoe Market