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Smart shoes market size to grow by USD 587.87 million from 2021 to 2026; The rising product innovation will boost the market- Technavio

, /PRNewswire/ — Theglobal smart shoes market size is estimated to grow byUSD 587.87 million from2021 to 2027, according to Technavio. The market is estimatedto grow at a CAGR of 24.78% during the forecast period. Therising product innovation leading to premiumization is drivingthe growth of the market significantly. The global smart shoesmarket is dominated by a small number of players that invest incontinuous product and technological innovations to survive inthe market. The emergence of innovative and technologicallyadvanced smart fitness products will attract consumers, which, inturn, will accelerate market growth and increase market valuein terms of revenue. Smart footwear, such as step-countingshoes, is popular among consumers engaged in athletic and fitnessactivities for monitoring daily workouts. These shoes also alertusers about incorrect steps and activities. Such factors willincrease the market growth during the forecast period. Formore insights about the market – Request a samplereport

Technavio has announced its latest market research report titled Global Smart Shoes Market

Global Smart Shoes MarketMarketDynamics

Leading trends influencing the market

  • The provision of personalized fitness coaching is a smartshoes market trend that is expected to have a positive impact inthe coming years.
  • Growing acceptance and increasing competition in the globalsmart shoe market are compelling the vendors operating in thismarket to invest in continuous innovation to stay ahead of themarket.
  • These innovations lead to the introduction of new features suchas personalized coaching, wherein users can get suggestionsabout the required diet intake, physical activities,and improvement plans.
  • Vendors in the market are introducing smart shoes that canguide users in physical activity and help them avoidmistakes.
  • The launch of shoes with smart, personalized coaching featureswill further drive the global smart shoes market.

Major challenges hindering the market growth

  • The proliferation of wearable fitness devices will be amajor challenge for the smart shoes market during the forecastperiod.
  • The demand and continuous innovation in the global smart shoesmarket are growing rapidly. This is primarily due to the featuresthat these shoes offer, especially for athletes andfitness-conscious consumers.
  • The main functions offered by these smart shoes includecounting steps, calculating the number of physical activitiesperformed, and recommending the appropriate healthy diet requiredaccording to the physical activity performed.
  • However, many fitness wearables also offer the samefeatures and other additional features related to fitness andphysical activity.
  • The growth in the adoption of smart fitness wearable devicesand high relative price performance will hinder the growth of smartshoes, which will impose a challenge to the growth of thesmart shoes market in terms of relative price performance.

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Global Smart Shoes Market – Vendor Landscape

Technavio has extensively analyzed 15 major vendors,including adidas AG, Alegria Shoe Shop, Alegria Shoes,DIGITSOLE, Ducere Technologies, FeetMe Devices, Indiegogo Inc., LiNing Co. Ltd., Nike Inc., PUMA SE, Retisense Inc., SALTED Co. Ltd.,Sensoria Inc., Sole PowerTech, Under Armour Inc., VIVOBAREFOOTLtd., Xiaomi Inc., and Zhor Tech.

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Global Smart Shoes Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on end-user (adults,senior citizens, users with disability, and kids) anddistribution channels (offline and online).

  • The adult segment will account for a significant shareof the market growth during the forecast period. Factorsdriving the demand for smart shoes in the adult segment are thegrowing acceptance among athletes and the number of adult sportsactivities organized around the world. The growing demand fromrecreational users who play different sports and increasedgovernment support for adult tournaments and championships indeveloped and developing countries, especially in APAC, such asChina and India, are also driving the segment’sgrowth.

Geography Overview
By geography, the global smart shoes market is segmented intoNorth America, Europe, APAC, SouthAmerica, and Middle Eastand Africa. The report providesactionable insights and estimates the contribution of all regionsto the growth of the global smart shoes market.

  • North America is estimated to contribute40% to the growth of the global market during theforecast period. The high disposable income in the region addsto the growing purchasing power, which influences lifestyles andseveral other consumer choices. There has been a growing interestin fashion, lifestyle, fitness activities, sports, and athletics.Premium technology is also widely accepted in the region, favoringsmart devices such as smart shoes. The rising health consciousnessalso supports the smart shoes market in North America, which is expected to grow at asteady rate during the forecast period.

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What are the key data covered in this Smart Shoes Marketreport?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth ofthe smart shoes market between 2022 and 2026
  • Precise estimation of the smart shoes market size and itscontribution to the parent market
  • Accurate predictions about upcoming trends and changes inconsumer behavior
  • Growth of the smart shoes market across North America, Europe, APAC, SouthAmerica, and Middle Eastand Africa
  • A thorough analysis of the market’s competitive landscape anddetailed information about vendors
  • Comprehensive analysis of factors that will challenge thegrowth of smart shoes market vendors

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Smart Shoes MarketScope

ReportCoverage

Details

Base year

2021

Forecastperiod

2022-2026

Growth momentum &CAGR

Accelerate at a CAGR of24.78%

Market growth2022-2026

USD 587.87million

Marketstructure

Fragmented

YoY growth2021-2022 (%)

24.4

Regionalanalysis

North America, Europe,APAC, South America, and Middle East and Africa

Performing marketcontribution

North America at40%

Keycountries

US, China, UK, France,and Germany

Competitivelandscape

Leading Vendors, MarketPositioning of Vendors, Competitive Strategies, and IndustryRisks

Key companiesprofiled

adidas AG, Alegria ShoeShop, Alegria Shoes, DIGITSOLE, Ducere Technologies, FeetMeDevices, Indiegogo Inc., Li Ning Co. Ltd., Nike Inc., PUMA SE,Retisense Inc., SALTED Co. Ltd., Sensoria Inc., Sole PowerTech,Under Armour Inc., VIVOBAREFOOT Ltd., Xiaomi Inc., and ZhorTech

Marketdynamics

Parent market analysis,Market growth inducers and obstacles, Fast-growing and slow-growingsegment analysis, COVID-19 impact and recovery analysis and futureconsumer dynamics, and Market condition analysis for the forecastperiod.

Customizationpurview

If our report has notincluded the data that you are looking for, you can reach out toour analysts and get segments customized.

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Table of contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on MarketOverview
    • Exhibit 03: Executive Summary – Chart on Global MarketCharacteristics
    • Exhibit 04: Executive Summary – Chart on Market byGeography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation byEnd-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation byDistribution Channel
    • Exhibit 07: Executive Summary – Chart on IncrementalGrowth
    • Exhibit 08: Executive Summary – Data Table on IncrementalGrowth
    • Exhibit 09: Executive Summary – Chart on Vendor MarketPositioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the marketdefinition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global – Market size and forecast2021-2026 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between2021 and2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of keyfactors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of keyfactors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 25: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on End-user – Market share 2021-2026(%)
  • 5.2 Comparison by End-user
    • Exhibit 27: Chart on Comparison by End-user
    • Exhibit 28: Data Table on Comparison by End-user
  • 5.3 Adults – Market size and forecast 2021-2026
    • Exhibit 29: Chart on Adults – Market size and forecast2021-2026 ($ million)
    • Exhibit 30: Data Table on Adults – Market size and forecast2021-2026 ($ million)
    • Exhibit 31: Chart on Adults – Year-over-year growth 2021-2026(%)
    • Exhibit 32: Data Table on Adults – Year-over-year growth2021-2026 (%)
  • 5.4 Senior citizens – Market size and forecast2021-2026
    • Exhibit 33: Chart on Senior citizens – Market size and forecast2021-2026 ($ million)
    • Exhibit 34: Data Table on Senior citizens – Market size andforecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Senior citizens – Year-over-year growth2021-2026 (%)
    • Exhibit 36: Data Table on Senior citizens – Year-over-yeargrowth 2021-2026 (%)
  • 5.5 Users with disability – Market size and forecast2021-2026
    • Exhibit 37: Chart on Users with disability – Market size andforecast 2021-2026 ($ million)
    • Exhibit 38: Data Table on Users with disability – Market sizeand forecast 2021-2026 ($ million)
    • Exhibit 39: Chart on Users with disability – Year-over-yeargrowth 2021-2026 (%)
    • Exhibit 40: Data Table on Users with disability -Year-over-year growth 2021-2026 (%)
  • 5.6 Kids – Market size and forecast 2021-2026
    • Exhibit 41: Chart on Kids – Market size and forecast 2021-2026($ million)
    • Exhibit 42: Data Table on Kids – Market size and forecast2021-2026 ($ million)
    • Exhibit 43: Chart on Kids – Year-over-year growth 2021-2026(%)
    • Exhibit 44: Data Table on Kids – Year-over-year growth2021-2026 (%)
  • 5.7 Market opportunity by End-user
    • Exhibit 45: Market opportunity by End-user ($ million)

6 Market Segmentation by Distribution Channel

  • 6.1 Market segments
    • Exhibit 46: Chart on Distribution Channel – Market share2021-2026 (%)
    • Exhibit 47: Data Table on Distribution Channel – Market share2021-2026 (%)
  • 6.2 Comparison by Distribution Channel
    • Exhibit 48: Chart on Comparison by Distribution Channel
    • Exhibit 49: Data Table on Comparison by DistributionChannel
  • 6.3 Offline – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Offline – Market size and forecast2021-2026 ($ million)
    • Exhibit 51: Data Table on Offline – Market size and forecast2021-2026 ($ million)
    • Exhibit 52: Chart on Offline – Year-over-year growth 2021-2026(%)
    • Exhibit 53: Data Table on Offline – Year-over-year growth2021-2026 (%)
  • 6.4 Online – Market size and forecast 2021-2026
    • Exhibit 54: Chart on Online – Market size and forecast2021-2026 ($ million)
    • Exhibit 55: Data Table on Online – Market size and forecast2021-2026 ($ million)
    • Exhibit 56: Chart on Online – Year-over-year growth 2021-2026(%)
    • Exhibit 57: Data Table on Online – Year-over-year growth2021-2026 (%)
  • 6.5 Market opportunity by Distribution Channel
    • Exhibit 58: Market opportunity by Distribution Channel ($million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 59: Analysis of price sensitivity, lifecycle, customerpurchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 60: Chart on Market share by geography 2021-2026(%)
    • Exhibit 61: Data Table on Market share by geography 2021-2026(%)
  • 8.2 Geographic comparison
    • Exhibit 62: Chart on Geographic comparison
    • Exhibit 63: Data Table on Geographic comparison
  • 8.3 North America – Marketsize and forecast 2021-2026
    • Exhibit 64: Chart on NorthAmerica – Market size and forecast 2021-2026 ($million)
    • Exhibit 65: Data Table on NorthAmerica – Market size and forecast 2021-2026 ($million)
    • Exhibit 66: Chart on NorthAmerica – Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on NorthAmerica – Year-over-year growth 2021-2026 (%)
  • 8.4 Europe – Market size andforecast 2021-2026
    • Exhibit 68: Chart on Europe -Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on Europe – Market size and forecast 2021-2026 ($million)
    • Exhibit 70: Chart on Europe -Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on Europe – Year-over-year growth 2021-2026(%)
  • 8.5 APAC – Market size and forecast 2021-2026
    • Exhibit 72: Chart on APAC – Market size and forecast 2021-2026($ million)
    • Exhibit 73: Data Table on APAC – Market size and forecast2021-2026 ($ million)
    • Exhibit 74: Chart on APAC – Year-over-year growth 2021-2026(%)
    • Exhibit 75: Data Table on APAC – Year-over-year growth2021-2026 (%)
  • 8.6 South America – Marketsize and forecast 2021-2026
    • Exhibit 76: Chart on SouthAmerica – Market size and forecast 2021-2026 ($million)
    • Exhibit 77: Data Table on SouthAmerica – Market size and forecast 2021-2026 ($million)
    • Exhibit 78: Chart on SouthAmerica – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on SouthAmerica – Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East andAfrica – Market size and forecast2021-2026
    • Exhibit 80: Chart on MiddleEast and Africa – Marketsize and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on MiddleEast and Africa – Marketsize and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on MiddleEast and Africa -Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on MiddleEast and Africa -Year-over-year growth 2021-2026 (%)
  • 8.8 US – Market size and forecast 2021-2026
    • Exhibit 84: Chart on US – Market size and forecast 2021-2026 ($million)
    • Exhibit 85: Data Table on US – Market size and forecast2021-2026 ($ million)
    • Exhibit 86: Chart on US – Year-over-year growth 2021-2026(%)
    • Exhibit 87: Data Table on US – Year-over-year growth 2021-2026(%)
  • 8.9 UK – Market size and forecast 2021-2026
    • Exhibit 88: Chart on UK – Market size and forecast 2021-2026 ($million)
    • Exhibit 89: Data Table on UK – Market size and forecast2021-2026 ($ million)
    • Exhibit 90: Chart on UK – Year-over-year growth 2021-2026(%)
    • Exhibit 91: Data Table on UK – Year-over-year growth 2021-2026(%)
  • 8.10 France – Market size andforecast 2021-2026
    • Exhibit 92: Chart on France -Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on France – Market size and forecast 2021-2026 ($million)
    • Exhibit 94: Chart on France -Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on France – Year-over-year growth 2021-2026(%)
  • 8.11 Germany – Market size andforecast 2021-2026
    • Exhibit 96: Chart on Germany -Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026($ million)
    • Exhibit 98: Chart on Germany -Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026(%)
  • 8.12 China – Market size andforecast 2021-2026
    • Exhibit 100: Chart on China -Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on China – Market size and forecast 2021-2026 ($million)
    • Exhibit 102: Chart on China -Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on China – Year-over-year growth 2021-2026(%)
  • 8.13 Market opportunity by geography
    • Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges
    • Exhibit 105: Impact of drivers and challenges in 2021 and2026
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 106: Overview on Criticality of inputs and Factors ofdifferentiation
  • 10.3 Landscape disruption
    • Exhibit 107: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 108: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 109: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 110: Matrix on vendor position and classification
  • 11.3 adidas AG
    • Exhibit 111: adidas AG – Overview
    • Exhibit 112: adidas AG – Business segments
    • Exhibit 113: adidas AG – Key news
    • Exhibit 114: adidas AG – Key offerings
    • Exhibit 115: adidas AG – Segment focus
  • 11.4 Alegria Shoes
    • Exhibit 116: Alegria Shoes – Overview
    • Exhibit 117: Alegria Shoes – Product / Service
    • Exhibit 118: Alegria Shoes – Key offerings
  • 11.5 DIGITSOLE
    • Exhibit 119: DIGITSOLE – Overview
    • Exhibit 120: DIGITSOLE – Product / Service
    • Exhibit 121: DIGITSOLE – Key offerings
  • 11.6 Nike Inc.
    • Exhibit 122: Nike Inc. – Overview
    • Exhibit 123: Nike Inc. – Business segments
    • Exhibit 124: Nike Inc. – Key news
    • Exhibit 125: Nike Inc. – Key offerings
    • Exhibit 126: Nike Inc. – Segment focus
  • 11.7 PUMA SE
    • Exhibit 127: PUMA SE – Overview
    • Exhibit 128: PUMA SE – Business segments
    • Exhibit 129: PUMA SE – Key news
    • Exhibit 130: PUMA SE – Key offerings
    • Exhibit 131: PUMA SE – Segment focus
  • 11.8 SALTED Co. Ltd.
    • Exhibit 132: SALTED Co. Ltd. – Overview
    • Exhibit 133: SALTED Co. Ltd. – Product / Service
    • Exhibit 134: SALTED Co. Ltd. – Key offerings
  • 11.9 Under Armour Inc.
    • Exhibit 135: Under Armour Inc. – Overview
    • Exhibit 136: Under Armour Inc. – Business segments
    • Exhibit 137: Under Armour Inc. – Key offerings
    • Exhibit 138: Under Armour Inc. – Segment focus
  • 11.10 VIVOBAREFOOT Ltd.
    • Exhibit 139: VIVOBAREFOOT Ltd. – Overview
    • Exhibit 140: VIVOBAREFOOT Ltd. – Product / Service
    • Exhibit 141: VIVOBAREFOOT Ltd. – Key offerings
  • 11.11 Xiaomi Inc.
    • Exhibit 142: Xiaomi Inc. – Overview
    • Exhibit 143: Xiaomi Inc. – Business segments
    • Exhibit 144: Xiaomi Inc. – Key news
    • Exhibit 145: Xiaomi Inc. – Key offerings
    • Exhibit 146: Xiaomi Inc. – Segment focus
  • 11.12 Zhor Tech
    • Exhibit 147: Zhor Tech – Overview
    • Exhibit 148: Zhor Tech – Product / Service
    • Exhibit 149: Zhor Tech – Key offerings

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist
    • Exhibit 150: Inclusions checklist
    • Exhibit 151: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 152: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 153: Research methodology
    • Exhibit 154: Validation techniques employed for marketsizing
    • Exhibit 155: Information sources
  • 12.5 List of abbreviations
    • Exhibit 156: List of abbreviations

About Us
Technavio is a leading global technology research and advisorycompany. Their research and analysis focus on emerging markettrends and provide actionable insights to help businesses identifymarket opportunities and develop effective strategies to optimizetheir market positions. With over 500 specialized analysts,Technavio’s report library consists of more than 17,000 reports andcounting, covering 800 technologies, spanning across 50 countries.Their client base consists of enterprises of all sizes, includingmore than 100 Fortune 500 companies. This growing client baserelies on Technavio’s comprehensive coverage, extensive research,and actionable market insights to identify opportunities inexisting and potential markets and assess their competitivepositions within changing market scenarios.

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Global Smart Shoes Market

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SOURCE Technavio

Global Smart Shoes Market

Source: https://ih.advfn.com/stock-market/stock-news/90633697/smart-shoes-market-size-to-grow-by-usd-587-87-mill

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