Smart Shoes Market - Global Industry Analysis

The smart shoes market is set for a rapid growth over the forecast period. In terms of revenue, the global smart shoes market accounted for USD 129.4 Million in 2019 and is expected to reach USD 361.4 Million by 2026, growing at a CAGR of 11.2%.

Global Smart Shoes Market: Overview

Smart shoe is a smart footwear technology that can connect with smartphone over applications. They help the user to track fitness peripherals such as number of steps and calories burned during a time span. The shoes also have sensors installed in the soles that sense when the foot is placed inside which allows automatic lacing.

Global Smart Shoes Market: Growth Factors

Rising disposable income, changing lifestyle due to the adoption of technologically advanced products is driving the market growth over the forecast. Adoption of technology in traditional shoes to enhance comfort and convenience of users is expected to create growth opportunities for smart shoes over the forecast period. Rising awareness of fitness and daily fitness activities is expected to boost the demand for smart shoes.

Rising investments in the manufacturing of smart shoes is driving the market growth. Market players focus on product innovation and utilize advanced technologies to cater to the end user requirements. For instance, in January 2020, Nike Inc. launched its smart shoe named Nike Adapt BB 2.0. The newly launched smart shoe has additional technical features specifically designed for Basketball.

Global Smart Shoes Market: Segmentation

The smart shoes market is bifurcated on the basis of distribution channel, end user, and region. The distribution channel segment is further segmented into specialty stores, online, and supermarket & hypermarket. Based on end user, the market is divided into male and female.

Global Smart Shoes Market: Regional Analysis

Based on regions, the global smart shoes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North America region held a substantial share in 2019. This is attributable to the presence of top companies such as Nike Inc., Puma SE, and Under Armour Inc., among others.

The Asia Pacific region is anticipated to grow at a notable rate during the forecast period. This growth is due to the rising disposable income among developing countries such as India and China. The increasing adoption of technologically advanced products is expected to augment the market growth. Moreover, the Indian government is also taking initiatives to promote fitness and healthy lifestyle among the citizens of the country. For instance, in 2019, the government of India launched “Fit India Movement” to promote fitness. This is anticipated to augment the market growth over the forecast period.

Global Smart Shoes Market: Competitive Players

Some of key players in smart shoes market are Adidas AG, Nike Inc., Digitsole, ShiftWear, Puma SE, Under Armour Inc., TRAQshoe, Salted Venture, and Vivobarefoot, among others. 

Global Smart Shoes Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.2.Report Scope
• Chapter 2.Research Methodulogy
  • 2.1.Research Methodulogy
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modeling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global Smart Shoes Market, 2016 – 2026 (USD Million)
  • 3.2.Global Smart Shoes Market: Snapshot
• Chapter 4.Smart Shoes Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
  • 4.3.Market Restraints
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity & Use-case Analysis
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
• Chapter 5.Investment Proposition Analysis
  • 5.1.Global Smart Shoes Market Attractiveness, By Distribution Channel
  • 5.2.Global Smart Shoes Market Attractiveness, By End User
  • 5.3.Global Smart Shoes Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global Smart Shoes Market: Company Market Share, 2019
  • 6.2.Strategic Developments
  • 7.1.Global Smart Shoes Market Overview: by Distribution Channel
    • 7.1.1.Global Smart Shoes Market Revenue Share, by Distribution Channel, 2019 & 2026
  • 7.2.Global Smart Shoes Market Analysis/Overview – By Distribution Channel
    • 7.2.1.Specialty Stores – Overview/Analysis
    • 7.2.2.Online – Overview/Analysis
    • 7.2.3.Supermarket & Hypermarket – Overview/Analysis
  • 7.3.Specialty Stores
    • 7.3.1.Global Smart Shoes Market for Specialty Stores, Revenue (USD Million) 2016 - 2026
  • 7.4.Online
    • 7.4.1.Global Smart Shoes Market for Online, Revenue (USD Million) 2016 - 2026
  • 7.5.Supermarket & Hypermarket
    • 7.5.1.Global Smart Shoes Market for Supermarket & Hypermarket, Revenue (USD Million) 2016 - 2026
  • 8.1.Global Smart Shoes Market Overview: by End User
    • 8.1.1.Global Smart Shoes Market Revenue Share, by End User, 2019 & 2026
  • 8.2.Global Smart Shoes Market Analysis/Overview – By End User
    • 8.2.1.Male – Overview/Analysis
    • 8.2.2.Female – Overview/Analysis
  • 8.3.Male
    • 8.3.1.Global Smart Shoes Market for Male, Revenue (USD Million) 2016 - 2026
  • 8.4.Female
    • 8.4.1.Global Smart Shoes Market for Female, Revenue (USD Million) 2016 - 2026
• Chapter 9.Smart Shoes Market – Regional Analysis
  • 9.1.Global Smart Shoes Market: Regional Overview
    • 9.1.1.Global Smart Shoes Market Revenue Share, by Region, 2019 & 2026
    • 9.1.2.Global Smart Shoes Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 9.2.North America
    • 9.2.1.North America Smart Shoes Market Revenue, 2016 - 2026 (USD Million)
    • 9.2.2.North America Smart Shoes Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.2.3.North America Smart Shoes Market Revenue, by Distribution Channel, 2016 – 2026
    • 9.2.4.North America Smart Shoes Market Revenue, by End User, 2016 – 2026
    • 9.2.5. U.S.
    • 9.2.6.Canada
  • 9.3.Europe
    • 9.3.1.Europe Smart Shoes Market Revenue, 2016 - 2026 (USD Million)
    • 9.3.2.Europe Smart Shoes Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.3.3.Europe Smart Shoes Market Revenue, by Distribution Channel, 2016 – 2026
    • 9.3.4.Europe Smart Shoes Market Revenue, by End User, 2016 – 2026
    • 9.3.5.Germany
    • 9.3.6.France
    • 9.3.7.U.K.
    • 9.3.8.Rest of Europe
  • 9.4.Asia Pacific
    • 9.4.1.Asia Pacific Smart Shoes Market Revenue, 2016 - 2026 (USD Million)
    • 9.4.2.Asia Pacific Smart Shoes Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.4.3.Asia Pacific Smart Shoes Market Revenue, by Distribution Channel, 2016 – 2026
    • 9.4.4.Asia Pacific Smart Shoes Market Revenue, by End User, 2016 – 2026
    • 9.4.5.China
    • 9.4.6.Japan
    • 9.4.7.India
    • 9.4.8.Rest of Asia Pacific
  • 9.5.Latin America
    • 9.5.1.Latin America Smart Shoes Market Revenue, 2016 - 2026 (USD Million)
    • 9.5.2.Latin America Smart Shoes Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.5.3.Latin America Smart Shoes Market Revenue, by Distribution Channel, 2016 – 2026
    • 9.5.4.Latin America Smart Shoes Market Revenue, by End User, 2016 – 2026
    • 9.5.5.Brazil
    • 9.5.6.Mexico
    • 9.5.7.Rest of Latin America
  • 9.6.The Middle-East and Africa
    • 9.6.1.The Middle-East and Africa Smart Shoes Market Revenue, 2016 - 2026 (USD Million)
    • 9.6.2.The Middle-East and Africa Smart Shoes Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.6.3.The Middle-East and Africa Smart Shoes Market Revenue, by Distribution Channel, 2016 – 2026
    • 9.6.4.The Middle-East and Africa Smart Shoes Market Revenue, by End User, 2016 – 2026

• Chapter 10.Company Profiles
  • 10.1.Adidas AG
  • 10.2.Nike Inc.
  • 10.3.Digitsule
  • 10.4.ShiftWear
  • 10.5.Puma SE
  • 10.6.Under Armour Inc.
  • 10.7.TRAQshoe
  • 10.8.Salted Venture
  • 10.9.Vivobarefoot