Supplier Information
The Smart Shoes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:
- adidas S.A.
- Boltt Audio
- DIGITSOLE
- Nike Inc.
- Powerlace Technology Inc.
- PUMA SE
- Sale Ltd.
- Sensoria Inc.
- Under Armor Inc.
- ZHOR-TECH
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a free sample report.
Geographic Market Analysis
North America will provide maximum growth opportunities in the smart shoes market over the forecast period. According to our research report, the region will contribute 42% of the global market growth and is expected to lead the market till 2025.
The United States is the key market for smart shoes in North America. The smart shoe market in North America will benefit from increased acceptance of current technologies, increase in purchasing power and increased product awareness over the forecast period. The region’s high disposable income contributes to the expansion of the region’s purchasing power, which influences lifestyle and various other consumption decisions. Fashion, lifestyle, fitness activities, sports and athletics have all seen an increase in interest.
High-end technologies are also welcomed in the region, with a fondness for smart products such as smart sneakers. Health consciousness which also leads to engagement in sports and fitness activities is supporting the smart footwear market in North Americawhich is expected to grow at a steady rate over the forecast period.
In addition, countries such as North America, EuropeACPA, South Americaand MEA are expected to become top markets for the smart shoes market during the forecast period.
Learn more about the geographical distribution of this market along with the detailed analysis of major regions. https://www.technavio.com/report/smart-shoes-market-industry-analysis
Analysis of key segments
The growth in smart shoes market share by adult segment will be significant over the forecast period. The growing desire to participate in physical activities, due to the increased health problems of adults, accelerated the development of step counting shoes. Step counting shoes are equipped with sensors that can differentiate between different types of physical activity, such as standing, walking, jogging, cycling, and climbing stairs, and measure the number of calories burned during of these activities. These shoes send data to a phone via Bluetooth, allowing users to see activity metrics such as distance, time, and pace. These features of the step counter shoes will further increase their demand over the forecast period.
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Key Market Drivers and Trends:
Rising product innovation leading to premiumization is one of the key factors driving the growth of the smart footwear market. The smart shoe industry is fiercely competitive, and to stay ahead of the game, shoe manufacturers are continuously investing in product and technology innovation. Fitness-conscious customers are encouraged to invest in state-of-the-art smart fitness gear for their workouts.
Another element driving the increase in smart shoes market share is the availability of one-on-one fitness coaching. Growing acceptance and heightened rivalry in the global smart shoes market has prompted vendors to engage in constant innovation in order to stay competitive. These advancements have resulted in new features such as personalized coaching, which advises users on their recommended nutritional intake, a method to increase physical activities, track the physical activities goal, and offer additional improvement plans based on exercise plans. The introduction of shoes with smart and personalized coaching features will further boost the global smart shoes market.
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High Heel Shoes Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025
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Scope of the smart shoes market |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 25% |
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Market Growth 2021-2025 |
$395.91 million |
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Market structure |
Fragmented |
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Annual growth (%) |
23.42 |
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Regional analysis |
North America, Europe, APAC, South America and MEA |
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Successful market contribution |
North America at 42% |
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Main consumer countries |
United States, United Kingdom, France, Germany and China |
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Competitive landscape |
Leading Companies, Competitive Strategies, Consumer Engagement Reach |
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Profiled key companies |
adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armor Inc. and ZHOR-TECH |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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