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Global Smart Shoes Market – Industry Trends and Forecast to 2028

  • FMCG
  • Upcoming Report
  • Aug 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • FMCG
  • Upcoming Report
  • Aug 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Shoes Market, By Type (Athletic and Non-Athletic), Functionality (Step Counting, Positioning, Navigation and Auto-Tightening), End-User (Children (12-17 Years), Young (18-32 Years), Disabled Individuals, Adults (33-50 Years) and Old People (Above 50 Years)), Distribution Channel (Online and Offline), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.

Smart Shoes Market Market Analysis and Insights : Global Smart Shoes Market

The smart shoes market is expected to witness market growth at a rate of 14.65% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart shoes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the popularity of smart wearables pertaining to increased participation in sports and fitness activities is escalating the growth of smart shoes market.

Smart shoes is known to be a smart technology footwear in which the shoe insoles are numerically connected that enables its consumer with larger than life characteristics and specifications making it more than just a regular shoe. Wearable products or digitally connected products feature services that makes it comfortable for the day-to-day activities of the end user.

Major factors that are expected to boost the growth of the smart shoes market in the forecast period are the substantial rise in the acceptance of wearable products that are smart and technologically developed. Furthermore, the accessibility of smart shoes specially designed for the geriatric population is further estimated to cushion the growth of the smart shoes market. On the other hand, the rise in the prices regarding these products is further projected to impede the growth of the smart shoes market in the timeline period.

In addition, the attention on undertaking programs that improve the performance of individuals through reliable monitoring will further provide potential opportunities for the growth of the smart shoes market in the coming years. However, the dearth of product awareness and acceptance rate from the several advancing countries which might further challenge the growth of the smart shoes market in the near future.

This smart shoes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the smart shoes market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth. 

Global Smart Shoes Market Scope and Market Size

The smart shoes market is segmented on the basis of type, functionality, end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.    

  • On the basis of type, the smart shoes market is segmented into athletic and non-athletic. Athletic is further sub segmented into smart running shoes and smart sports shoes. Non-athletic is further sub segmented into smart walking shoes.
  • On the basis of functionality, the smart shoes market is segmented into step counting, positioning, navigation and auto-tightening.
  • On the basis of end user, the smart shoes market is segmented into children (12-17 years), young (18-32 years), disabled individuals, adults (33-50 years) and old people (Above 50 Years).
  • On the basis of distribution channel, the smart shoes market is segmented into online and offline. Offline is further sub segmented into retail stores, departmental stores, specialty stores and supermarket or hypermarket.

Smart Shoes Market Country Level Analysis

The smart shoes market is analyzed, and market size, volume information is provided by country, type, functionality, end user and distribution channel as referenced above.    

The countries covered in the smart shoes market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America. 

North America dominates the smart shoes market due to the rise in the need for smart shoes in online and offline channels. Furthermore, the increase in the consumer inclination toward fitness and healthy lifestyle will further boost the growth of the smart shoes market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth of the smart shoes market due to the rise in the urban population and increase in the acceptance of fitness activities. Moreover, the swift development of fitness industry implying increased investment on body exercising and body enhancing products is further anticipated to propel the growth of the smart shoes market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Smart Shoes Market Share Analysis

The smart shoes market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the smart shoes market.

The major players covered in the smart shoes market report are Under Armour, Inc., Boltt Sports Technologies, Xiaomi., Nike, Inc., Li Ning (China) Sports Goods Co., Ltd., PUMA SE, Ducere, ReTiSense Inc, Digitsole, Saltedventure inc., Lechal, Sole Power, LLC, no new folk studio Inc., TRAQshoes, Zhor-Tech, Intellinium among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.  


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