Global Smart Shoes Market 2022-2026
The analyst has been monitoring the smart shoes market and it is poised to grow by $ 587.87 mn during 2022-2026, accelerating at a CAGR of 24.78% during the forecast period. Our report on the smart shoes market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased product innovation leads to increased premiumization, growing awareness of healthy lifestyle and smart fitness products, and increased adoption in medical applications.
The smart shoes market analysis includes end-user and distribution channel segments and geographic landscape.
The smart shoes market is segmented as below:
By End-user
• Adults
• Senior citizens
• Users with disability
• Kids
By Distribution Channel
• Offline
• Online
By Geographical Landscape
• North America
• Europe
• APAC
• South America
• Middle East and Africa
This study identifies the provision of personalized fitness coaching as one of the prime reasons driving the smart shoes market growth during the next few years. Also, strategic partnerships and increased use of wearable devices in sports analytics will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on smart shoes market covers the following areas:
• Smart shoes market sizing
• Smart shoes market forecast
• Smart shoes market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart shoes market vendors that include adidas AG, Alegria Shoe Shop, Alegria Shoes, DIGITSOLE, Ducere Technologies, FeetMe Devices, 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 Zhor Tech. Also, the smart shoes market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.