Smart Shoes Market Report

Smart Shoes Market Report, By Product Type (Smart Walking Shoes, Smart Running Shoes and Smart Sports Shoes), End User (Men and Women), Distribution Channel (Supermarket/Hypermarket, Specialty Store and Online Store) and Geography - Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 10351 | Publish Date : Upcoming | Industry : Consumer_Goods | Geography : Global


  • Report Description
  • Summary

Smart shoes are footwear with smart technology incorporated during which the shoe insoles are electronically attached to provide its users with extraordinary characteristics and stipulations addressing it as everyday footwear. Wearable commodities or digitally connected products emphasize services that expedite the routine movements of the consumers. Thus, these products gain traction among consumers especially in North America and Europe. Further, these smart shoes accompany a navigation tracker and self-lacing technology. They also help track the physical performance of the consumers, therefore improving their adoption within the sports industry. The worldwide smart shoe market is segregated into smart walking shoes, smart trainers, and smart sports shoes.

Smart Shoes Market Report Outlook

There is a rise in the health and wellness trend in the developed as well as most of the developing countries. Consumers prefer to adopt a healthy lifestyle by hitting the gym, following a strict diet, and striving for other healthy exercises. Among these health-conscious consumers, there is a set of customers who have taken their health enhancement process to the next level. This group needs to maintain a daily record of the activities to track progress. Smart shoes help maintain a record of the distance covered running/walking/cycling as well as the calorie lost after a workout session. Thus, these consumers contribute to the global smart shoe market growth.

COVID 19 IMPACT ON SMART SHOES MARKET REPORT

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the pet grooming market. In addition, complete analysis of changes on the Pet grooming market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. 

The apparel, sneakers, & accessories sector is anticipated to testify irregular germination, as a result of the unique distribution chain interruptions prompted by the COVID-19 pandemic globally. The expected decline in the global sales of clothing, footwear, & accessories is owing to extensive distribution chain disturbances beyond notable export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting for these factors in our report to provide you with up-to-date, actionable market information and projections.


SMART SHOES MARKET SEGMENTAL OVERVIEW

The Smart Shoes market is segmented based on by product type, by end user, by distribution channel and geography.

SMART SHOES MARKET BY PRODUCT TYPE

The smart shoes market on the basis of product type is segmented into smart walking shoe, smart running shoe and smart sports shoe. Out of these product types, the smart running shoe section is estimated for a larger smart shoes market share. Smart running shoes provide consumers with the advantages to note the length traveled as well as the number of calories burnt. Users can observe this recorded information through varied combined apps on a smartphone or other devices. This assists the consumer to keep an account of the same and therefore maintain health. To help these customers, manufacturers are also concentrating on innovating smart running shoes. The product is presumed to gain tremendous traction amongst sports personnel along with professional athletes contributing to the global smart shoes market forecast.

SMART SHOES MARKET BY END USER

The smart shoes market on the basis of end user is segmented into men and women. The male section endured the largest share of the smart shoe market with almost half of the revenue share. The growing drift of athleisure in the footwear sector has led to an accumulating number of male customers. Additionally, the dominance of the male population in sports and gym exercises is predicted to moreover bode well for the sector germination and support product development.

SMART SHOES MARKET BY DISTRIBUTION CHANNEL

The Smart Shoes market is majorly distributed through supermarket/hypermarket, Specialty store and online store. The male section endured the largest share of the smart shoe market with almost half of the revenue share. The growing drift of athleisure in the footwear sector lead to an accumulating number of male customers. Additionally, the dominance of the male population in sports and gym exercises is predicted to moreover bode well for the sector germination and support product development.

SMART SHOES MARKET BY GEOGRAPHY

Geographically the global Smart Shoes market is studied for the following region North America, Europe, Asia Pacific, Middle East & Africa and Rest of the World. North America endured the biggest market division in terms of revenue. Expanding commodity presence with numerous brands in this precinct has boosted the market for smart shoes online along with offline channels. Penetrating customer preference concerning robustness and a fit lifestyle united with the appearance of fascinating leading professional tournaments such as the National Basketball Association (NBA), National Football Association (NFA), and National Hockey League (NHL) is expected to further fuel the regional demand for smart shoes. The U.S. drives the global market in terms of product demand with more customer willingness to spend on fitness and body recovery products.

SMART SHOES MARKET KEY PLAYER

The major players in Smart Shoes market are Adidas AG, Digitsole, Nike Inc., Puma SE, Salted Venture, TRAQshoe, Under Armour Inc., Vivobarefoot Limited, Xiaomi Corporation, Zhor-Tech, Digitsole, and ShiftWear.  among others.

SMART SHOES MARKET RECENT DEVELOPMENT

February 2019: Xiaomi announced the launch of its new product water-resistant Mijia Smart Shoes with a built-in Intel Curie chip processor. The product can distinguish between running, walking, and climbing and can showcase the total calories burned through the Mi Fit App.

The report analyses the global Smart Shoes market based on by product type, by end user, by distribution channel and geography. The Smart Shoes are available in market according to different products types as smart walking shoe, smart running shoe and smart sports shoe. Based on end user, the market is segmented into men and women. Smart Shoes is majorly distributed through supermarket/hypermarket, Specialty store and online store. Geographically the global Smart Shoes market is studied for the following region North America, Europe, Asia Pacific, Middle East & Africa and RoW.

The major players in Smart Shoes market are Adidas AG, Digitsole, Nike Inc., Puma SE, Salted Venture, TRAQshoe, Under Armour Inc., Vivobarefoot Limited, Xiaomi Corporation, Zhor-Tech, Digitsole, and ShiftWear.  among others.

Why to buy this report:

  • The report offers changing market dynamics in the Smart Shoes, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Smart Shoes
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Smart Shoes performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Smart Shoes