Authored By: Sarah
01 Feb 2025

Latest News- Smart Shoes Market: Offline is expected to lead the Distribution Channel segment during 2024-2028

The Smart Shoes Market is being driven by Increasing product innovation leads to increasing premiumization

The Smart Shoes Market is expected to grow at a CAGR of 28.4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 984.9 million. The global smart shoes market is experiencing significant growth and increasing competition, necessitating continuous innovation from market participants to maintain a competitive edge. Notable advancements include the integration of personalized coaching features, which provide users with dietary recommendations, monitor physical activity goals, and suggest improvement plans based on individual workout plans. Vendors have introduced smart shoes equipped with these features, enabling users to receive real-time guidance, avoid errors, and optimize their physical activities for enhanced performance. 

Get more information on Smart Shoes Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Increasing product innovation leads to increasing premiumization
  • Growing awareness of healthy lifestyles and smart fitness products
  • Increased adoption in medical applications

However, the market also witnesses some limitations, which are as follows:

  • Proliferation of wearable fitness devices
  • High price of smart shoes limits their adoption in mass consumer segment
  • Low penetration in developing countries

Benefits of Buying Global Smart Shoes Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Smart Shoes Market Research Report

Market Scope

Report Coverage

Details

Page number

170

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 28.4%

Market growth 2024-2028

USD 984.9 million

Market structure

Fragmented

YoY growth 2023-2024(%)

22.17

Key countries

US, UK, France, Germany, and China

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the Smart Shoe market, key performance indicators include cash flow analysis and profit ratio analysis. Market basket analysis and market attractiveness are also crucial. Driven by rising disposable income, the demand for smart technology shoes, such as running shoes with sensors, microchips, and pressure sensors, is increasing among sports professionals, athletes, and consumers. Fitness peripherals like smart devices, including TVs, ACs, refrigerators, mobile phones, and home appliances, are complementing this trend. Comfort and protection are key features, with electrical systems and batteries ensuring optimal performance during physical activities like running and walking.

Market Research Overview

The global footwear market encompasses businesses producing athletic and non-athletic footwear for diverse demographics. According to Technavio, the textile, apparel, and luxury goods market size are determined by the consolidated revenue of apparel, accessory, and luxury goods manufacturers, footwear producers, and textile companies. Factors propelling the expansion of the footwear industry include the escalating preference for branded footwear, fueled by the expanding youth and middle-class populations, and the influence of urbanization on consumer habits and tastes. Technavio's research indicates that advanced features and technologies, such as battery-powered smart shoes, aerobics classes, and the athleisure trend, are driving adoption among athletes and consumers seeking active lifestyles. Businesses in the athletic footwear industry are capitalizing on this trend through strategic development initiatives and heightened awareness campaigns to expand their market share.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.

Document