A recent report published by Infinium Global Research on the smart shoes market provides an in-depth analysis of segments and sub-segments in the global as well as regional smart shoes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart shoes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global smart shoes market. According to the report, the global smart shoes market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Smart shoes are gaining popularity due to the availability of various brands and different features within it. The major players in the smart shoes market are investing in research and development to innovate new things in smart shoes. In addition, smart shoes manufacturers are adopting strategies such as mergers and acquisitions to expand their market share.
The rising demand for fitness wearable drives the growth of the smart shoes market. Smart shoes have rigid sensor positions on the foot that provide accurate and flexible biomechanical analysis. The rising disposable income of consumers contributes to the growth of the smart shoes market. The growing popularity of smart and fashionable wearable devices propels the growth of the smart shoes market. Smart shoes have features such as inertial magnetic measurement units, satellite navigation systems, pressure sensors, ambient environmental sensors, and internal status sensors. The rising demand for shoes with such features stimulates the growth of the smart shoes market. Smart shoes offer a continuous assessment of gait and mobility with diagnostic workup, therapeutic decisions, and individual disease monitoring. The growing awareness about health benefits provided by smart shoes propels the growth of the smart shoes market. In addition, smart shoes are majorly useful for blind people and physically disabled people. On the other side, lack of technical expertise and resources to manufacture smart shoes hampers the growth of the smart shoes market. Moreover, technological advancement innovates new features in smart shoes that create novel opportunities for the smart shoes market.
North America is predicted to hold a premium share in the global smart shoes market. The growing technological advancement and increasing investment in research and development fuel the growth of the North America smart shoes market. Asia-pacific region is anticipated to grow in the global smart shoe market, with a healthy CAGR over the forecast period. The new product launches of smart shoes in countries like India and China propel the growth of the Asia-Pacific smart shoe market.
The report on the global smart shoes market covers segments such as product type, distribution channel, and end user. On the basis of product type, the sub-markets include step counting shoes, positioning shoes, navigation shoes, and other product types. On the basis of distribution channel, the sub-markets include retail stores, supermarkets, and online channels. On the basis of end user, the sub-markets include men, women, and kids.
The report provides profiles of the companies in the market such as Under Armour Inc., B-Shoe Ltd., Digitsole, Lechal, Boltt, Intellinium, Orphe, Salted Venture, Li Ning, Puma SE, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the smart shoes market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.