Global Disposable Slippers Market 2017-2021
About Disposable Slippers
Disposable slippers, especially non-woven disposable slippers, are suited for one-time usage and are disposed of after a single usage. These slippers find uses in hotels, spa centers, hospitals, and places like residential buildings, aircraft, and beauty parlors. Disposable slippers are characterized by convenient production processes because of their fixed size. The requirement of fabric in a single product is extremely low. Due to this, the key manufacturers of disposable slippers enjoy the ease of considering merely a limited number of factors during the manufacturing process. One key factor that the manufacturers consider is the slipper size. Disposable slippers manufacturers are in a position to conveniently manufacture a large number of slippers without much difficulty.
Technavio’s analysts forecast the global disposable slippers market to grow at a CAGR of 5.11% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global disposable slippers market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types of disposable slippers in spa, hotel, hospital, and other industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Disposable Slippers Market 2017-2021
Technavio recognizes the following companies as the key players in the global disposable slippers market: Appearus Products, Haon Group, and Nicely Neat.
Other Prominent Vendors in the market are: Huini USA Beauty, IBI Beauty, Kolunhome&Jasmine, Mediblue Health Care, and Universal Textiles.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Advent of the wellness tourism industry. The growing consciousness among consumers about their health and wellness is one of the growth drivers of the global spa equipment market, including the disposable slippers market. Wellness tourism encourages people to travel to different countries with the purpose of stimulating health and well-being through physical, spiritual, and psychological activities. Global lifestyles changes and advanced health trends are drawing attention on the impact of the wellness industry on improving life, on enhancing businesses’ bottom lines, and reducing health-care costs.”
According to the report, one of the major drivers for this market is Adoption of multiple marketing and promotional strategies by key competitors. Launching advertising campaigns is an age-old marketing strategy adopted by well-established sports-equipment manufacturers. In general, the most common purchase behavior exhibited by consumers is the preference for celebrity-endorsed products or services. Key competitors, therefore, use celebrity endorsements as one of their primary marketing tools.
Further, the report states that one of the major factors hindering the growth of this market is Prominence of counterfeit products in the market. The easy availability of a number of counterfeit products is expected to hinder the market's growth during the forecast period. The presence of a number of counterfeit products leads to market fragmentation. Market fragmentation eventually results in a lack of price standardization, an uneven competitive scenario, and market share erosion. To gain a competitive advantage over international brands, counterfeit products are priced at much lower rates than branded products. They, however, lack quality and durability. Counterfeit products are preferred by low-income customers as they are affordable. This might prevent key competitors to achieve optimal market penetration and will likely result in inventory backlogs in their supply chains.
Appearus Products, Haon Group, and Nicely Neat, Huini USA Beauty, IBI Beauty, Kolunhome&Jasmine, Mediblue Health Care, and Universal Textiles.