According to the new market research report “Smart Shoes Market Share, Growth, Trends, and Global Forecast to 2027″, published by IMARC Group, the market is projected to reach a value of US$ 585.07 Million by 2027 exhibiting a CAGR of 16.50% during 2022-2027.
Smart shoes refer to innovative technology-based footwear worn to offer improved comfort and protection while walking, running, and performing physical activities. They are comprised of inertial-magnetic measurement units used for gait analysis and have pressure sensors that provide information on the distribution of body weight.
Smart shoes are embedded with navigation and positioning systems, microchips, pressure sensors, advanced batteries, etc. They are used to provide personalized feedback to analyze fatigue, calories, posture, health, steps, etc. Smart shoes are widely available in various colors, sizes, and designs that can be customized as per individual requirements.
Global Smart Shoes Industry Trends and Drivers:
- The expanding sports industry across the globe is one of the primary factors driving the smart shoes market. In line with this, the growing consumer participation in sports-related and fitness activities is further catalyzing the market growth.
- Moreover, the rising health consciousness among individuals and the increasing adoption of smart shoes for maintaining a record of physical activities are also augmenting the global market.
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- In addition to this, several technological advancements, including the introduction of navigation trackers and self-lacing technologies, are acting as significant growth-inducing factors.
- Furthermore, the inflating popularity of e-commerce channels and the elevating expenditure capacities of consumers are anticipated to bolster the smart shoes market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Alegria, Digitsole
- Intellinium
- Nike Inc.
- Puma SE
- Salted Ltd.
- SolePower
- Under Armour Inc.
- Vivobarefoot
- Xiaomi Inc.
- Zhor-Tech.
The report has segmented the market on the basis of region, product type, distribution channel and end user.
Breakup by Product Type:
- Smart Walking Shoes
- Smart Running Shoes
- Smart Sports Shoes
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by End User:
- Men
- Women
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
