Global Smart Footwear Market (2021 to 2026)
DUBLIN, April 20, 2022 /PRNewswire/ — The “Global Smart Footwear Market (2021-2026) by Product Type, End User, Distribution Channel, Geography, Competitive Analysis and Impact of Covid-19 with Ansoff Analysis” report has been added to from ResearchAndMarkets.com offer.
The global smart footwear market is estimated at $150.25 million in 2021 and is expected to reach $250.34 million by 2026, growing at a CAGR of 10.75%.
Smart Shoe is a smart technology shoe in which the insoles of the shoe are digitally connected which facilitates its user with larger than life features and specifications making it more than just an ordinary shoe. Wearable products or digitally connected products offer services that facilitate the daily activities of the end user.
Factors such as an increase in the demand for smart wearable products in sports and fitness, the emphasis on performance enhancement programs, the growing demand for monitoring and evaluation of health parameters and the Increasing demand from healthcare industry are some of the driving factors for the growth of the Global Smart Footwear Market. While the high marginal price of the product and the low penetration of the product in the untapped market are major constraints to the growth of the market.
Adoption of technology-integrated fitness products, increasing adoption of smart shoes for the elderly, and booming social media marketing are some of the growth opportunities in the market, although the lack consumer awareness and the low life expectancy of products are the challenges for the market.
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.
The report includes the Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc
Why buy this report?
The report offers a comprehensive assessment of the global smart footwear market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.
The report includes an in-depth analysis of the market using Porter’s 5 forces model and Ansoff’s matrix. The impact of Covid-19 on the market is also presented in the report.
The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.
The report also contains competitive analysis using Positioning Quadrants, the analyst’s proprietary competitive positioning tool.
Main topics covered:
1 Description of the report
2 Research methodology
3 Executive summary
4 market influencers
4.1.1 Rise in Demand for Smart Wearable Products in Sports and Fitness
4.1.2 Increase in demand for monitoring and evaluation of health parameters
4.1.3 Rise in demand from the healthcare sector
4.2.1 High Marginal Product Price
4.2.2 Lower Product Penetration
4.3.1 Adoption of Technology-Integrated Fitness Products
4.3.2 Increase in Adoption of Smart Shoes for Elderly
4.3.3 Rise of Social Media Marketing
4.4.1 Lack of consumer awareness
4.4.2 Lower Product Life
5 Market Analysis
5.1 Regulatory scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff matrix analysis
6 Global Smart Footwear Market, By Product Type
6.2 Smart walking shoes
6.3 Smart running shoes
6.4 Smart sports shoes
7 Global Smart Footwear Market, By End User
8 Global Smart Footwear Market, By Distribution Channel
8.3 Retail Stores
8.4 Online shops
9 Global Smart Footwear Market, By Geography
9.2 North America
9.2.1 United States
9.3 South America
9.4.1 United Kingdom
9.4.9 Rest of Europe
9.5 Asia Pacific
9.5.6 South Korea
9.5.8 Sri Lanka
9.5.10 Rest of APAC
9.6 Middle East and Africa
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
10 Competitive Landscape
10.1 IGR Competitive Quadrant
10.2 Market Share Analysis
10.3 Strategic Initiatives
10.3.1M&A and investments
10.3.2 Partnerships and collaborations
10.3.3 Product Developments and Improvements
11 company profiles
11.1 ADIDAS SA (ADIDAS)
11.2 Digital sole
11.3 Nike, Inc.
11.4 Pepper Gate Shoes Inc.
11.5 PUMA SE (KERING)
11.6 Salty Business
11.8 TRAQ Shoes
11.9 Under Armour, Inc.
11.10 Vivobarefoot Limited
11.11 Xiaomi Corporation Limited
11.12 Zhor Tech
11.13 Salty Business
For more information on this report, visit https://www.researchandmarkets.com/r/mcbjep
Research and Markets
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
SOURCE Research and Markets