IMARC Group, a leading market research company, has recently releases report titled “Smart Shoes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smart shoes market report, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Smart Shoes Market?
The global smart shoes market size reached US$ 270.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 672.8 Million by 2028, exhibiting a growth rate (CAGR) of 15.8% during 2023-2028.
What are Smart Shoes?
Smart shoes are smart technology footwear worn to provide improved comfort and protection while walking, running, and performing any physical activity. They comprise electrical systems, pressure sensors, a battery, microchips, and monitoring navigation and positioning. They are widely available in different sizes, colors, and patterns and can be customized with various images. As they are easily connected to smartphones and collect data related to calories, steps, health, and fatigue of individuals, the demand for smart shoes is rising worldwide.
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What are the growth prospects and trends in the smart shoes industry?
At present, the increasing participation of individuals in different sports activities around the world represents one of the key factors strengthening the growth of the market. In line with this, the growing demand for smart shoes due to the rising awareness among the masses about physical fitness is offering a positive market outlook.
Apart from this, the wide availability of smart shoes through online and offline distribution channels across the globe is propelling the growth of the market. Additionally, the rising adoption of smart wearables for easily tracking and monitoring daily activities is offering lucrative growth opportunities to industry investors.
Furthermore, key players are introducing smart shoes that have lace-less features to provide comfort and fitness with the use of power lacing through an app.
What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
Alegria, Digitsole, Intellinium, Nike Inc., Puma SE, Salted Ltd., SolePower, Under Armour Inc., Vivobarefoot, Xiaomi Inc. and Zhor-Tech.
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