Smart Shoes Market | Leading Segments, Trends, Drivers and Challenges
DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc. are among the key vendors discussed in the research report
The smart shoes market is expected to grow by $ 395.91 million, accelerating at a CAGR of almost 25% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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Smart Shoes Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by End-user (adults, senior citizens, users with disability, and ids), Distribution Channel (online and offline), and Geography (North America, Europe, APAC, South America, and MEA).
- 42% of the market growth will originate from North America during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Smart Shoes Market size.
Smart Shoes Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increased product innovation leading to increased premiumization will be a significant factor in driving the growth of the Smart Shoes Market.
- Proliferation of wearable fitness devices is a hurdle that will hamper market growth.
Smart Shoes Market: Vendor Analysis
- The market is fragmented.
- adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc., and ZHOR-TECH are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Smart Shoes Market Split by End-user
- Adults
- Senior citizens
- Users with disability
- Ids
- Smart Shoes Market Split by Distribution Channel
- Smart Shoes Market Split by Geography
- North America
- Europe
- APAC
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- adidas AG
- Boltt Audio
- DIGITSOLE
- Nike Inc.
- Powerlace Technology Inc.
- PUMA SE
- Salted Ltd.
- Sensoria Inc.
- Under Armour Inc.
- ZHOR-TECH
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through some of other related market research reports for more insights:
- Smart Fitness Market: Decelerating at a CAGR of 13.33%, the Global Smart fitness market is expected to grow by $ 34.06 bn during the forecast period.
- Wearables Market in US: The Wearables market in US is expected to grow by $ 6.85 bn, accelerating at a CAGR of 8.92% till 2025.
- Wearables Market: The Global Wearables Market is projected to grow by $ 23.03 bn, accelerating at a CAGR of over 6.70% till 2025.
- Personalized Gifts Market in US: Technavio has been monitoring the personalized gifts market in US and it is expected to grow by $ 2.01 billion, accelerating at a CAGR of almost 5.83% during the forecast period.
- Personalized Gifts Market: The personalized gifts market will grow by $ 11.19 billion, fragmented at a CAGR of almost 7.48% over the next five years.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 25%.
- What is the incremental growth of the market?
The market is expected to grow by $ 395.91 mn through 2021-2025.
- What is a key factor driving this market?
increased product innovation leading to increased premiumization will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
42% growth will originate from North America
- Who are the leading market vendors?
The leading vendors in this market are adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc., and ZHOR-TECH
- What are the market segments covered in this report?
The market is segmented by End-user (adults, senior citizens, users with disability, and ids), Distribution Channel (online and offline), and Geography (North America, Europe, APAC, South America, and MEA)
