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.
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