The smart shoe industry is predicted to grow as smart wearables gain popularity as a result of greater engagement in sports and fitness activities. Walking with traditional shoes can be quite relaxing. When electronics are coupled with traditional footwear, the consumer experience may be lifted to new heights, and Smart Shoes is one such application. Sensors, Bluetooth, Navigation Trackers, and self-lacing processes, among other things, are incorporated into traditional shoes in this case. It aids in the physical monitoring of the individual when they walk or run. It can display the net distance travelled, heart rate, and calories burned, among other things.
Global Smart Shoe Market Overview:
This Global Smart Shoe Market study looks at current and emerging industry trends and dynamics in the global level sensor market. Global Smart Shoe Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Global Smart Shoe Market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive perspective of the Global Smart Shoe market, key competitors are profiled and their approaches are thoroughly evaluated.
The COVID-19 epidemic has had a significant impact on the global Global Smart Shoe industry. Due to the economic slump and a lack of manpower, production facilities have been paused. The COVID-19 pandemic has led in a severe and extended drop in production utilisation, while travel prohibitions and facility closures have kept personnel away from their facilities, causing the Global Smart Shoe market to slow in 2020. However, the negative impact of COVID-19 on the Global Smart Shoe market is expected to be short, with the industry rebounding quickly by early 2021 due to increasing demand for Global Smart Shoe .
Key Insights:
Global Smart Shoe Market Size was valued at US$ 225.38 Mn. in 2022 and is expected to reach US$ 417.34 Mn. by 2029, at a CAGR of 9.2 % during a forecast period.
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Global Smart Shoe Market Scope:
The analysis contains an up-to-date examination of the present Global Smart Shoe market landscape, as well as the most recent trends and drivers, as well as a general review of the Global Smart Shoe market environment. Increased demand for Global Smart Shoe is driving the market. The Global Smart Shoe market research examines the technology, end-user, and type categories, among other things, as well as the regional landscape.
Global Smart Shoe Market Drivers:
Obesity is a condition in which the body stores an abnormally large amount of fat. In 2019, around 2.1 billion people were overweight, with 650 million of them obese. Obesity kills more people than obesity. It raises cholesterol levels, which contributes to heart disease. One of the key market restrictions is the expense of shoes. Technology is currently prohibitively pricey for innovative ideas. Smart shoes must also be expensive in order to maintain premiumization. At the moment, only a few high-end brands can afford to invest in smart shoes. As a result, the pricing will be established by premium brands.
Global Smart Shoe Market Segmentation:
by Product Type
Smart Walking Shoes
Smart Running Shoes
Smart Sports Shoes
by Technology
Electronic Smart Shoes
Mechanical Smart Shoes
Electro-mechanical Smart Shoes
by End User
Men
Women
by Distribution Channel
Supermarket/Hypermarket
Specialty Store
Online Store
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of market potential in a variety of categories, as well as country-by-country analyses in each covered area. The analysis investigates the market’s major influencing factors, as well as complete company profiles of….
1. Nike Inc
2. Salted Venture
3. Stridalyzer
4. Under Armour Inc.
5. Digitsole
6. Boltt
7. Adidas AG
8. Solepower
9. Orphe
10. Xiaomi Corporation
11. Puma SE
12. TRAQshoe
13. Vivobarefoot Limited
14. ShiftWear
15. Zhor-Tech
16. Li Ning (China) Sports Goods Co., Ltd.
17. Ducere
18. ReTiSense Inc
19. Saltedventure inc.
20. Lechal
Regional Analysis:
Individual market influencing variables and changes in market regulations that effect present and future market trends are also included in the region segment of the Global Smart Shoe Market analysis. Data points including downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilised to estimate market scenarios in many domains. The existence and availability of players, as well as the problems they face due to big or low to none rivalry from local and domestic brands, are all taken into account when analysing projection data for the region.
Table Of Content:
1. Global Smart Shoe Market: Research Methodology
2. Global Smart Shoe Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Smart Shoe Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Smart Shoe Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
Key Questions Answered in the Global Smart Shoe Market Report are:
- Which segment emerged as the leading segment in the Global Smart Shoe market?
- Which are the key players in the Global Smart Shoe market?
- What trends are likely to emerge in the Global Smart Shoe market in the coming years?
- What will be the Global Smart Shoe market size by 2027?
- Which company held the largest share in the Global Smart Shoe market in 2020?
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