Smart Shoe Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Smart shoe is a brainy technology footwear in which shoe soles are connected to a smartphone application that uses Google map, which assist the user such as showing direction. Smart shoes are equipped with sensors which detects walking data and various features such as health tracking, navigation and positioning. These factors is accounted for the positive growth of smart shoes market.

MARKET SCOPE

The "Global Smart Shoe Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the smart shoe market with detailed market segmentation by function, distribution channel, end user, and geography. The report provides key statistics on the market status of the leading smart shoe market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on function, the global smart shoe market is segmented into step-counting smart shoes, navigation smart shoes, and auto-tightening smart shoes.
  
•   On the basis of distribution channel, the market is segmented into online and offline
  
•   Based on end user , the market is segmented into adults, senior citizens, disabled identity, and kids.
  

MARKET DYNAMICS
Drivers:

•   Increasing demand for technology and booming conceptualization of smart has made the need for smart shoe more popular.
  
•   Furthermore, the integration of smart technologies and the rising popularity of fashionable smart wearable which fulfills both function and fashion need is expected to boost the growth of the smart shoe market globally.
  

Restraints:

•   Lack of technological maturity, presence of alternative, and high cost might hinder the growth of the global smart shoe market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The smart shoe market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the smart shoe market in these regions.

IMPACT OF COVID-19 ON SMART SHOE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Smart Shoe Market Report Analysis

Smart Shoe Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Adidas AG
• Boltt
• DIGITSOLE
• Li Ning (China) Sports Goods Co., Ltd.
• Nike, Inc.
• PUMA SE
• ShiftWear

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Function

• Step-counting smart shoes
• Navigation smart shoes
• Auto-tightening smart shoes
• Positioning shoes

By Distribution Channel

• Online
• Brick and Mortar Store

By End-User

• Adults
• Senior citizens
• People with Disabilities
• Kids

MARKET PLAYERS

The report covers key developments in the smart shoe market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from smart shoe market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart shoe market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Adidas AG
  
•   Boltt
  
•   DIGITSOLE
  
•   Li Ning (China) Sports Goods Co., Ltd.
  
•   Nike, Inc.
  
•   PUMA SE
  
•   ShiftWear™
  
•   SolePower
  
•   Under Armour, Inc.
  
•   Vivobarefoot
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Shoe Market Report Scope