Smart Shoes Market Share, Size, and Growth Report 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Smart Shoe 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 shoe market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Smart Shoe 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 Shoe?
Smart shoes are a type of footwear equipped with built-in smart technology, designed to offer wearers enhanced comfort, protection, and functionality during various physical activities like walking, jogging, and more. These shoes are connected to smartphone applications and incorporate monitoring systems, electronic components, microchips, pressure sensors, navigation and positioning systems, as well as a battery. Through connected applications, smart shoes provide personalized feedback, allowing users to assess metrics such as fatigue, calories burned, posture, overall health, and step count, while keeping track of their activities. Consequently, smart shoes are rapidly gaining popularity among individuals worldwide.
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What are the growth prospects and trends in the smart shoe industry?
The global smart shoes market is experiencing significant growth, primarily fueled by the rapid expansion of the sports industry. The increasing adoption of smart shoes by health-conscious consumers who seek to track their daily activities and monitor progress is also contributing to market growth.
Furthermore, smart shoes are sought after for their ability to provide comfort, cushioning, and performance enhancement, catering to the needs of individuals engaged in fitness and sports activities. Technological advancements such as self-lacing and navigation tracker technologies are further driving market growth. The growing demand for smart wearables that offer convenient tracking and guidance for daily activities and fitness levels is also propelling market expansion.
Factors such as the rise of e-commerce channels, higher disposable incomes among consumers, and continuous product innovations are expected to further drive market growth.
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
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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