Smart Shoes Market Report, Industry Size and Trends 2023-2028

IMARC Group, a leading market research company, has recently releases a report titled “Smart Shoes Market Report, Industry Size, and Trends 2023-2028.” The study provides a detailed analysis of the industry, including the global smart shoes market report, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the 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.

What are Smart Shoes?

Smart shoes are technologically advanced footwear designed to enhance comfort and protection during activities like walking, running, and other physical exercises. These shoes incorporate electrical systems, pressure sensors, batteries, microchips, and navigation tools. Available in various sizes, colors, and patterns, they can also be customized with different images. Smart shoes can effortlessly connect to smartphones, collecting valuable data such as calorie count, step count, health metrics, and fatigue levels. This connectivity has led to a growing global demand for smart shoes.

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What are the growth prospects and trends in the smart shoes industry?

Currently, the market is experiencing robust growth due to the increasing global participation in various sports activities. This trend is fueled by a growing awareness among people about physical fitness, contributing to a positive market outlook for smart shoes.

Moreover, the market is thriving due to the widespread availability of smart shoes through both online and offline distribution channels worldwide. The rising adoption of smart wearables for effortless tracking and monitoring of daily activities is creating lucrative opportunities for investors in the industry.

Additionally, industry leaders are innovating by introducing lace-less smart shoes that offer comfort and fitness. These shoes utilize power lacing controlled through a dedicated app, enhancing user experience and adding to the market's growth momentum.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Alegria, Digitsole, Intellinium, Nike Inc., Puma SE, Salted Ltd., SolePower, Under Armour Inc., Vivobarefoot, Xiaomi Inc., and Zhor-Tech.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

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 Group’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.