Press release
Smart Shoe Market to reach USD 1110.2 Mn by 2030, growing at a CAGR of 21.7 percent and forecast (2024-2030)
Smart Shoe Market
Maximize Market Research, an international business & consultancy firm has recently published a research report on the "Smart Shoe Market". The total global market size for the "Smart Shoe Market" was valued at USD 280.78 Mn in 2023 and is expected to grow at a CAGR of 21.7 percent over the forecast period to reach USD 1110.2 Mn by 2030.
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Market Size in 2023: USD 280.78 Million
Market Size in 2030: USD 1110.2 Million
CAGR: 21.7 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 223
No. of Tables: 137
No. of Charts and Figures: 194
Segment Covered: By Product Type, Application, End User, and Distribution Channel
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Smart Shoe Market Report Scope and Research Methodology
The report provides a comprehensive overview, of the Smart Shoe Market including market shares, drivers, restraints, and growth opportunities of the market. Every segment of the industry is evaluated based on growth rate and share of the market. The key market players by region, along with their revenue, financial status, and technical developments are analyzed, for understanding the competitive landscape of the market. The bottom-up approach was used to estimate the Smart Shoe Market size. Smart Shoe Market provides the CAGR of the market, market size, value, volume, revenue, sales, and other key factors related to the Market.
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Smart Shoe Market Overview
Smart shoes, integrated with technology, track fitness and health metrics, providing personalized feedback. Companies like Adidas and Puma innovate, enhancing consumer experience. The smart shoe market grows with sports participation.
Growing Health and Fitness Consciousness Trending Factor of Market
The surge in health and fitness awareness significantly propels the smart shoe market. Consumers prioritize well-being, driving demand for multifunctional footwear. Smart shoes, with features like step counting, calorie tracking, and gait analysis, meet this demand, particularly among millennials and Gen Z. As health consciousness rises, the smart shoe industry expands, offering innovative solutions. For instance, in Australia, health trends significantly impact industries. A 0.8% annualized growth in health consciousness from 2018-2022 reflects this shift, with more people exercising independently and using health-focused products. Also, Smart shoes for the blind and general consumers integrate sensors, AI, and haptic feedback for navigation and health monitoring. These wearable technologies enhance comfort and functionality, driving market growth. Collaborations between tech and fashion brands create stylish, functional footwear, appealing to a broad audience.
Smart Shoe Market Regional Analysis
In 2023, North America held the largest smart shoe market share, driven by accessibility through online and offline platforms and a strong interest in fitness and professional sports. The U.S. leads globally, with high consumer spending on health products. The Asia Pacific is expected to register the fastest growth, powered by urbanization, fitness industry growth, and rising millennial demand for wearable products, fueling the smart shoe market.
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-smart-shoe-market/63240/
Smart Shoe Market Segmentation
By Product Type
Smart Walking Shoes
Smart Running Shoes
Smart Sports Shoes
By End User
Men
Women
Kids
In 2023, men held the largest smart shoe market share due to their higher adoption of technology and interest in fitness. While women are not the dominant segment, their demand for functional yet fashionable smart shoes drives innovation and diversification. This broadens the market, catering to various preferences and expanding the customer base, leading to continuous growth driven by innovations for both men and women.
By Distribution Channel
Supermarket/Hypermarket
Specialty Store
Online
In 2023, the specialty stores segment held the largest smart shoe market share of %. The expansion of footwear retail locations in countries such as Brazil, India, and China is expected to drive this segment's growth. Companies like Nike Inc., Under Armour Inc., and Xiaomi have numerous locations worldwide, selling footwear and other sports gear. Additionally, the growing popularity of catalogue shopping in developed countries offers consumers a pleasurable shopping experience, further enhancing the importance of specialty store outlets.
Smart Shoe Key Players include:
Nike Inc
TRAQshoe
Under Armour Inc.
Digitsole
Boltt
Adidas AG
Solepower
Orphe
Xiaomi Corporation
Puma SE
Vivobarefoot Limited
ShiftWear
Zhor-Tech
Li Ning (China) Sports Goods Co., Ltd.
Ducere
ReTiSense Inc
Saltedventure inc.
Lechal
Altra Torin IO
Salomon
Key questions answered in the Smart Shoe Market are:
What is Smart Shoe?
What was the Smart Shoe Market Size in 2023?
What is the expected Smart Shoe Market size by 2030?
What is the growth rate of the Smart Shoe Market?
What are the key benefits of the Smart Shoe Market?
What are the new trends in Smart Shoe?
Which segment dominated the Smart Shoe Market growth?
What is the demand pattern for the Smart Shoe Market?
What is the driving, opportunity and restraining factors in the global Smart Shoe Market?
Which are the factors expected to drive the Smart Shoe Market growth?
Which factors are expected to restrain the Smart Shoe Market growth?
Which region held the largest share of the Smart Shoe Market?
Who are the key players in the Smart Shoe Market?
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by Product Type, Application, End User, Distribution Channel and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
Maximize Market Research is a leading Electronics research firm that has also published the following reports:
Running Shoes Market: The total market size was valued at USD 15.5 Bn in 2022 and the total revenue is expected to grow at a CAGR of 4.9 percent from 2023 to 2029, reaching USD 21.67 Bn. Increasing health and fitness consciousness is expected to drive market growth.
Smart Clothing Market: The total market size was valued at USD 2.79 Bn in 2023 and the total revenue is expected to grow at a CAGR of 27.4 percent from 2024 to 2030, reaching USD 15.20 Bn. The surge of smart clothing in fitness and healthcare are growth driver of market growth.
Tactical Footwear Market: The total market size was valued at USD 2.10 Bn in 2022 and the total revenue is expected to grow at a CAGR of 6.3 percent from 2023 to 2029, reaching USD 3.22 Bn. The growing outdoor and adventure activities is expected to drive market growth.
Casual and Sports Insoles Market: The total market size was valued at USD 82.13 Bn in 2022 and the total revenue is expected to grow at a CAGR of 5.9 percent from 2023 to 2029, reaching USD 122.69 Bn. The rapid penetration of the Internet, and consumer awareness related to the benefits of using insoles in casual and sports shoes are driving the market growth.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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