The latest research study “Smart Shoes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global smart shoes market size reached US$ 226.92 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 585.07 Million by 2027 exhibiting a CAGR of 16.50% during 2022-2027.
Smart shoes refer to footwear with inbuilt smart technology that enables wearers to perform various tasks, such as walking, jogging, and other physical activities, while providing enhanced comfort and protection. They are connected to smartphone applications and integrated with monitoring, electronic systems, microchips, pressure sensors, navigation and positioning systems, and a battery. These shoes offer customers personalized feedback through connected applications that help evaluate fatigue, calories, posture, health, and steps and keep track of all the activities. As a result, smart shoes are gaining immense traction among individuals across the globe.
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Smart Shoes Market Trends and Drivers:
The global smart shoes market is primarily driven by the rapid growth in the sports industry. Moreover, the surging adoption of smart shoes for maintaining a daily record of activities to track progress due to rising health consciousness among consumers is positively influencing the market growth.
Additionally, smart shoes are commonly used to increase comfort, provide cushioning to the foot, and improve performance. In line with this, the rising participation of individuals in fitness and sports-related activities has catalyzed market growth. Besides this, numerous technological advancements, including the development of self-lacing and navigation tracker technology, are other major growth-inducing factors.
Furthermore, the escalating demand for smart wearables to quickly and conveniently track and mentor daily activities and fitness levels is contributing to the market growth. Other factors, including the increasing popularity of e-commerce channels, inflating consumer disposable incomes, and continual product innovations, are also anticipated to drive the market further.
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Global Smart Shoes Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Smart Shoes Companies:
Alegria, Digitsole, Intellinium, Nike Inc., Puma SE, Salted Ltd., SolePower, Under Armour Inc., Vivobarefoot, Xiaomi Inc. and 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:
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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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
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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