Press release
Smart Shoes Market To Reach US$ 672.8 Million at a CAGR of 15.8% By 2028
Smart Shoes 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.
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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.
Global Smart Shoes Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Alegria, Digitsole, Intellinium, Nike Inc., Puma SE, Salted Ltd., SolePower, Under Armour Inc., Vivobarefoot, Xiaomi Inc. and Zhor-Tech.
The report has segmented the market on the basis of region, product type, distribution channel and end user.
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
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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