According to the latest report by IMARC Group, the global smart shoes market size reached US$ 226.92 Million in 2021. It is projected to reach a value of US$ 585.07 Million by 2027, exhibiting a CAGR of 16.50% during 2022-2027.
Smart shoes represent the smart technology footwear worn to offer enhanced comfort and protection while running, walking, and performing physical activities. As compared to standard shoes, they consist of inertial-magnetic measurement units used for gait analysis and have pressure sensors that provide information on the distribution of body weight and track performance. In addition to this, smart shoes are digitally connected to smartphone applications and embedded with electronic systems, monitoring navigation and positioning, microchips, pressure sensors, a battery, etc. They can also be personalized with illustrations and are commonly available in several colors, sizes, designs, etc. As such, smart shoes are extensively utilized for giving personalized feedback to analyze health, steps, fatigue, calories, posture, etc., and create precise data.
Global Smart Shoes Market 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.
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.
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| Market Size Value in 2021: | US$ 226.92 Million |
| Growth Rate: | CAGR of 16.50% from 2022 to 2027 |
| Market Outlook: | 2022-2027 |
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
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
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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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