Smart Shoes Market Size, Share Report, Growth, Trends, 2030

Smart Shoes Market

Smart Shoes Market - by Distribution Channel (Specialty Stores, Online, and Supermarket & Hypermarket), By End User (Male and Female): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-5484 Published Date: Nov-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 129.4 Million USD 361.4 Million 11.2% 2019

Global Smart Shoes Industry Perspective:

The global smart shoes market is set for 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%.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The smart shoes industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the smart shoes market report explores the investor and stakeholder space to help companies make data-driven decisions.

Global Smart Shoes Market: Overview

Smart Shoe is a smart footwear technology that can connect with smartphones over applications. They help the user to track fitness peripherals such as the 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 and changing lifestyles due to the adoption of technologically advanced products are driving market growth over the forecast. The adoption of technology in traditional shoes to enhance the 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 are driving market growth. Market players focus on product innovation and utilize advanced technologies to cater to 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.

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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 supermarkets & hypermarkets.

Based on end-user, the market is divided into males and females.

Global Smart Shoes Market: Report Scope

Report Attributes Report Details
Report Name Smart Shoes Market Research Report
Market Size in 2019 USD 129.4 Million
Market Forecast in 2026 USD 361.4 Million
Growth Rate CAGR of 11.2%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Adidas AG, Nike Inc., Digitsole, ShiftWear, Puma SE, Under Armour Inc., TRAQshoe, Salted Venture, and Vivobarefoot, among others.
Segments Covered By Distribution Channel, By End User, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2019
Historical Year 2017 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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 American 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 market growth.

Moreover, the Indian government is also taking initiatives to promote fitness and a healthy lifestyle among the citizens of the country. For instance, in 2019, the government of India launched the “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 the key players in the smart shoes market are 

  • Adidas AG
  • Nike Inc.
  • Digitsole
  • ShiftWear
  • Puma SE
  • Under Armour Inc.
  • TRAQshoe
  • Salted Venture
  • Vivobarefoot
  • among others.

The global Smart Shoes Market is segmented as follows:

By Distribution Channel

  • Specialty Stores
  • Online
  • Supermarkets
  • Hypermarkets

By End-User

  • Males
  • Females

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

Table Of Content

Methodology

FrequentlyAsked Questions

Smart shoes use technology beyond their usual functions. These shoes often have sensors, connectivity, and electronics that track steps, distance, and movement patterns. They can also connect to smartphones or other devices through Bluetooth to track activity, receive feedback, and manage shoe aspects like fit and cushioning. Smart sneakers blend fashion and technology to improve user experience and track physical activity.

Rising disposable income and changing lifestyles due to technologically sophisticated items are driving market expansion during the projected. 

According to a study, 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%.

The North America area dominated in 2019. This is due to leading firms like Nike Inc., Puma SE, and Under Armour Inc.

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.

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