Smart Shoes Market by End-user, Function, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70304
Technavio

The 2022-2026 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!

Get me the latest version! (includes COVID-19 impact)
Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The smart shoes market share is expected to increase by USD 395.91 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 25%.

This smart shoes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers smart shoes market segmentation 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). The smart shoes market report also offers information on several market vendors, including adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc., and ZHOR-TECH among others.

What will the Smart Shoes Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Smart Shoes Market Size for the Forecast Period and Other Important Statistics

 

Smart Shoes Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased product innovation leading to increased premiumization is notably driving the smart shoes market growth, although factors such as proliferation of wearable fitness devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart shoes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smart Shoes Market Driver

The rising product innovation leading to premiumization is one of the key factors driving the smart shoes market growth. The competition in the smart shoes market is intense and to sustain in this competitive environment, shoes brands are constantly investing in product and technological innovation. Fitness-conscious consumers are encouraged to purchase innovative and technically-advanced smart fitness products for their fitness activities. 

Key Smart Shoes Market Trend

The provision of personalized fitness coaching is another factor supporting the smart shoes market share growth. The growing adoption and increasing competition in the global smart shoes market have compelled vendors operating in this market to invest in continuous innovation to sustain in the market. These innovations lead to the introduction of new features like personalized coaching, which suggests to users their required diet intake, a way of improving physical activities, monitoring the goal of physical activities, and suggesting further improvement plans based on workout plans. Vendors in the global smart shoes market have introduced such featured smart shoes that are capable of coaching users on their physical activities, helping them avoid mistakes, and saving them from wrong ways of executing physical activities. The introduction of shoes with smart, personalized coaching features will further drive the global smart shoes market.

Key Smart Shoes Market Challenge

 

The proliferation of wearable fitness devices will be a major challenge for the smart shoes market during the forecast period. The demand and continuous innovation in the global smart shoes market are growing rapidly. This is primarily due to the features that these shoes offer, especially for athletes and fitness-conscious consumers. The major features that these smart shoes offer are step counts, calculating the number of physical activities done, suggesting proper health diet required according to the physical activity executed, and many more. However, many fitness wearables, which were introduced before smart shoes, also offer the same features and other add-on features related to fitness and physical activities. The growth in the adoption of these smart fitness wearable devices and high relative price performance will hinder the growth of smart shoes, thereby imposing a challenge for the growth of the smart shoes in terms of relative price performance

This smart shoes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global smart shoes market as a part of the global footwear market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the smart shoes market during the forecast period.

Who are the Major Smart Shoes Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • adidas AG
  • Boltt Audio
  • DIGITSOLE
  • Nike Inc.
  • Powerlace Technology Inc.
  • PUMA SE
  • Salted Ltd.
  • Sensoria Inc.
  • Under Armour Inc.
  • ZHOR-TECH

 

This statistical study of the smart shoes market encompasses successful business strategies deployed by the key vendors. The smart shoes market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • adidas AG - The company offers the shoe called 1, which provides intelligent cushioning by automatically and continuously adjusting itself.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The smart shoes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Smart Shoes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the smart shoes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the footwear market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Smart Shoes Market?

For more insights on the market share of various regions Request for a FREE sample now!

42% of the market’s growth will originate from North America during the forecast period. The US is the key market for smart shoes in North America. Market growth in this region will be slower than the growth of the market in the European, APAC, and South American regions.

The high adoption of modern technologies, the enhanced purchasing power, and the elevated product awareness will facilitate the smart shoes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increasing prevalence of COVID-19 in the region slowed down the growth of the market in focus in 2020. The rising number of COVID-19 cases temporarily halted the manufacturing industry in 2020, which negatively impacted North America's market. However, innovations in the COVID‑19 vaccine using several different vaccine technologies are expected to revive the market in focus. Thus, the smart shoe market in this region will gain momentum from 2021

What are the Revenue-generating End-user Segments in the Smart Shoes Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The smart shoes market share growth by the adults segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the smart shoes market size and actionable market insights on post COVID-19 impact on each segment.

 

Smart Shoes Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 25%

Market growth 2021-2025

$ 395.91 million

Market structure

Fragmented

YoY growth (%)

23.42

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 42%

Key consumer countries

US, UK, France, Germany, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc., and ZHOR-TECH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Smart Shoes Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smart shoes market growth during the next five years
  • Precise estimation of the smart shoes market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart shoes industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart shoes market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Adults - Market size and forecast 2020-2025
    • Senior citizens - Market size and forecast 2020-2025
    • Users with disability - Market size and forecast 2020-2025
    • Kids - Market size and forecast 2020-2025
    • Impact of COVID-19 pandemic and recovery by end-user segment
    • Market opportunity by End user

    Market Segmentation by Function

    • Step-counting shoes
    • Positioning smart shoes
    • Navigation smart shoes
    • Auto-tightening smart shoes

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Online - Market size and forecast 2020-2025
    • Offline - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • adidas AG
    • Boltt Audio
    • DIGITSOLE
    • Nike Inc.
    • Powerlace Technology Inc.
    • PUMA SE
    • Salted Ltd.
    • Sensoria Inc.
    • Under Armour Inc.
    • ZHOR-TECH

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The smart shoes market growth will increase by $395.91 million during 2020-2025.
    The smart shoes market is expected to grow at a CAGR of 24.57% during 2020-2025.
    Technavio has segmented the smart shoes market by end user (Adults, Senior citizens, Users with disability, and Kids) ,distribution channel (Online and Offline) , and geographic (North America, Europe, APAC, South America, and MEA).
    adidas AG, Boltt Audio, DIGITSOLE, Nike Inc., Powerlace Technology Inc., PUMA SE, Salted Ltd., Sensoria Inc., Under Armour Inc., ZHOR-TECH are a few of the key vendors in the smart shoes market.
    North America will register the highest growth rate of 42.29% among the other regions. Therefore, the smart shoes market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • UK
    • France
    • Germany
    • China
    The key factors driving the smart shoes market growth are:
    • Increased product innovation leading to increased premiumization
    The smart shoes market vendors should focus on grabbing business opportunities from the adults segment as it accounted for the largest market share in the base year.
    Safe and Secure SSL Encrypted
    Technavio

    Single User:

    2500 USD

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

    Subscribe & Save

    Get lifetime access to our
    Technavio Insights

    Want to customize this report?

    This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

    We offer $1000 worth of FREE customization at the time of purchase
    Technavio
    Enquire Before Buying
    1. Home
    2. Consumer Discretionary
    3. Published Report
    17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>