Global Smart Shoes Market (2021-2026) by Product Type, End-User, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Smart Shoes Market is estimated to be USD 150.25 Mn in 2021 and is expected to reach USD 250.34 Mn by 2026, growing at a CAGR of 10.75%.

Market Dynamics

Smart Shoe is smart technology footwear in which the shoe insoles are digitally connected that facilitates its user with larger than life features and specifications making it more than just a regular shoe. Wearable products or digitally connected products feature services that ease the day-to-day activities of the end-user. Factors such as a surge in demand for smart wearable products in sports and fitness, emphasis on performance enhancement programs, increasing demand for tracking and evaluating health metrics, and rise in demand from the healthcare industry are some of the driving factors for the growth of the Global Smart Shoes Market. Whereas, the high marginal price of the product and lower product penetration in the untapped market are major restraints for the market’s growth.

Adoption of technology integrated fitness products, rise in adoption of smart shoes for the elderly population, and rise of social media marketing are some of the opportunities for the market growth though lack of awareness among consumers and lower life-expectancy of products are the challenges for the market.

Market Segmentation

The Global Smart Shoes Market is segmented further based on Product Type, End-User, Distribution Channel, and Geography.

By Product Type, the market is classified into Smart Walking Shoes, Smart Running Shoes, and Smart Sports shoe segments. Amongst all segments, the Smart Running shoe segment is expected to grow at the highest CAGR.

By End-User, the market is classified into Men, Women, and Kids segments. Amongst all, the Men segment is expected to contribute the highest growth.

By Distribution Channel, the market is classified into Supermarket/Hypermarket, Retail Stores, and Online Stores segments. Amongst all, the Online store's segment is expected to contribute the highest growth.

By Geography, North America is projected to lead the market.

Recent Developments

1. Adidas and Google team up on smart shoes - October 3, 2020
2. Salomon and Siemens team up on Chamatex smart shoe factory - Sep 30, 2020
3. Czech startup miomove develops smart shoes for better running - Jul 27, 2020

Company Profiles

Some of the companies covered in this report are ADIDAS AG (ADIDAS), Digitsole, Nike, Inc., Pepper Gate Footwear Inc., PUMA SE (KERING), Salted Venture, ShiftWear, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Smart Shoes Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market