Smart Shoes/Footwear Market

Market Insights:

The Global Smart Shoes/Footwear market has got immense growth potential. It will likely offer a robust growth opportunity valued at around USD 2.89 billion during the analysis period, i.e., between 2022 and 2028. Coming out of the impact of the COVID 19 pandemic, the market valuation of the Smart Shoes/Footwear industry on a global level stood at around USD 204.08 million and is most likely to exhibit a CAGR of over 15.8% during the span of forecast years to reach over USD 608.66 million in 2028.

Interesting Facts about the Smart Shoes/Footwear Industry

• Unlike regular shoes/footwear, Smart Shoes/Footwear can cost anywhere between USD 250 to USD 1,000
• Smart Shoes/Footwear can be connected to smartphones via blue tooth or Wi-Fi
• S. leads the Smart Shoes/Footwear market with over 35% share in 2021
• China and most rapid growth market for Smart Shoes/Footwear
• The high cost of Smart Shoes/Footwear and less market penetration are significant factors hindering the growth of this industry

Increasing Demand for Wearable Technology to Drive Demand for Smart Shoes/Footwear 

Wearable technology is growing in demand owing to a surge in sports and fitness activities. As a result, wearable technology devices are increasing in demand, and the shipment will have crossed 275 million devices in 2021. Significant rise in sports and fitness activities around the world has remained a major factor behind the string growth of Smart Shoes/Footwear. Smart Shoes/Footwear offers highly personalized health matrices that help the individual to track down and analyze their performance and fitness. Embedded with chips and sensors, Smart Shoes/Footwear can assist the user in navigation, understanding pace, real-time data on steps, calories burned, distribution of bodyweight, etc. They are increasing health consciousness, and sports and fitness fuel Smart Shoes/Footwear demand.

Consistent Development and Innovation in Technology of Smart Shoes/Footwear

Smart shoes deliver individualized user feedback, from gauging athletic performance to tracking fitness and reviewing health data. Traditional shoes are engineered with integrated technology to improve comfort, convenience, and health. Smart sneakers have insoles that may be used as a Bluetooth attachment to connect activity and position to a smartphone app. They can function like high-tech brains. Major players consistently focus on developing and commercializing advanced Smart Shoes/Footwear. In line with it, key players such as Nike, Xiaomi, Digistole, etc., have recently launched innovative Smart Shoes/Footwear with the most advanced and innovative features. Some of the leading payers in the global smart shoes/footwear industry are Salted Venture, Adidas, Digitsole, Pepper Gate Footwear Inc., PUMA SE (KERING), Xiaomi Corporation Limited, Zhor-Tech, Nike, Inc., ShiftWear, TRAQshoes, Under Armour, Inc. and Vivobarefoot Limited.

Significant Challenges for the Growth of the Smart Shoes/Footwear Industry

To create intelligent shoes, shoe businesses must invest heavily and have extensive technological knowledge. It necessitates a high level of expertise, cutting-edge engineering, and a significant amount of funding. There are also certain societal stumbling blocks to overcome. Smart shoes are still unfamiliar to many customers. These problems can, however, be remedied as technology advances.

Moreover, the premium price of Smart Shoes/Footwear against regular shoes and less market penetration as compared to other wearable devices arrest the growth of this industry. Supermarket/Hypermarket, Specialty Store, Online Store, and Others are some major distribution channels used by these players to penetrate the Smart Shoes/Footwear market. Online distribution channel held over 20% share in 2021. It is also expected to increase its share of total revenue generated by the Smart Shoes/Footwear market over the forecast period. In contrast, Men and Women are significant end-users of Smart Shoes/Footwear. Men dominate the demand for Smart Shoes/Footwear with over 55% in 2021.

China Will be a Future Growth Market for Smart Shoes/Footwear    

China is the fastest growing Smart Shoes/Footwear marketplace and likely exhibit a CAGR of over 17.5% during the forecast period. The presence of many manufacturers, increasing adoption rate, the growing purchasing power of end-users, etc., are some of the primary reasons for the strong growth of Smart Shoes/Footwear in the country. Apart from China, Japan, South Korea, Singapore, Taiwan, India, and Australia are the most promising markets for the future growth of the Smart Shoes/Footwear industry in the Asia Pacific. On the other hand, the North America Smart Shoes/Footwear industry is dominated by the U.S., While Germany, UK and France are leading the growth of the Smart Shoes/Footwear industry in Europe. However, lack of penetration, limited expenditure power in the hands of end-users and high cost are some of the major concerns to hold back the growth of Smart Shoes/Footwear market in Latin America, Middle East and Africa with exception of Brazil, Turkey, GCC Countries, and South Africa.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Smart Shoes/Footwear Market

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Smart Shoes/Footwear Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Application
3.3.2. Type
3.3.3. Distribution Channel
3.3.4. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Applications
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis
5.1. Global Smart Shoes/Footwear Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply

6. North America
6.1. North America Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Men
6.2.3. Women
6.3. North America Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Specialty Store
6.3.3. Online Stores
6.3.4. Specialty Store
6.4. North America Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Smart Walking Shoes
6.4.3. Smart Running Shoes
6.4.4. Smart Sports Shoes

7. Europe
7.1. Europe Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Men
7.2.3. Women
7.3. Europe Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Specialty Store
7.3.3. Online Stores
7.3.4. Specialty Store
7.4. Europe Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Smart Walking Shoes
7.4.3. Smart Running Shoes
7.4.4. Smart Sports Shoes

8. Asia Pacific
8.1. Asia Pacific Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Men
8.2.3. Women
8.3. Asia Pacific Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Specialty Store
8.3.3. Online Stores
8.3.4. Specialty Store
8.4. Asia Pacific Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Smart Walking Shoes
8.4.3. Smart Running Shoes
8.4.4. Smart Sports Shoes

9. Latin America
9.1. Latin America Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.1.1. Men
9.2.1.2. Women
9.3. Latin America Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Specialty Store
9.3.3. Online Stores
9.3.4. Specialty Store
9.4. Latin America Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Smart Walking Shoes
9.4.3. Smart Running Shoes
9.4.4. Smart Sports Shoes

10. Middle East
10.1. Middle East Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Men
10.2.3. Women
10.3. Middle East Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Specialty Store
10.3.3. Online Stores
10.3.4. Specialty Store
10.4. Middle East Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Smart Walking Shoes
10.4.3. Smart Running Shoes
10.4.4. Smart Sports Shoes

11. Africa
11.1. Africa Smart Shoes/Footwear Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Men
11.2.3. Women
11.3. Africa Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Specialty Store
11.3.3. Online Stores
11.3.4. Specialty Store
11.4. Africa Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Smart Walking Shoes
11.4.3. Smart Running Shoes
11.4.4. Smart Sports Shoes

12. Global
12.1. Global Smart Shoes/Footwear Market, by Application, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Men
12.1.3. Women
12.2. Global Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Specialty Store
12.2.3. Online Stores
12.2.4. Specialty Store
12.3. Global Smart Shoes/Footwear Market, by Type, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Smart Walking Shoes
12.3.3. Smart Running Shoes
12.3.4. Smart Sports Shoes

13. Company Profiles
13.1. Salted Venture
13.2. Adidas
13.3. Digitsole
13.4. Pepper Gate Footwear Inc.
13.5. PUMA SE (KERING)
13.6. Xiaomi Corporation Limited
13.7. Zhor-Tech
13.8. Nike, Inc.
13.9. ShiftWear
13.10. TRAQshoes
13.11. Under Armour, Inc.
13.12. Vivobarefoot Limited
13.13. Others

List of Figures

FIG. 1 Global Smart Shoes/Footwear Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Smart Shoes/Footwear Market Segmentation
FIG. 4 Global Smart Shoes/Footwear Market, by Application, 2019 (US$ Bn)
FIG. 5 Global Smart Shoes/Footwear Market, by Hardware, 2021 (US$ Bn)
FIG. 6 Global Smart Shoes/Footwear Market, by Distribution Channel, 2021 (US$ Bn)
FIG. 7 Global Smart Shoes/Footwear Market, by Type, 2021 (US$ Bn)
FIG. 8 Global Smart Shoes/Footwear Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Positioning of Key Smart Shoes/Footwear Market Manufacturers, 2019
FIG. 11 Global Smart Shoes/Footwear Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 12 Global Smart Shoes/Footwear Market, by Men, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Smart Shoes/Footwear Market, by Women, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Smart Shoes/Footwear Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 15 Global Smart Shoes/Footwear Market, by Specialty Store, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Smart Shoes/Footwear Market, by Online Stores, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Smart Shoes/Footwear Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 18 Global Smart Shoes/Footwear Market, by Smart Walking Shoes, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Smart Shoes/Footwear Market, by Smart Running Shoes, Value, 2016-2028 (US$ Bn)
FIG. 20 U.S. Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 21 Rest of North America Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 22 U.K. Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 23 Germany Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 24 France Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 25 Italy Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 26 Spain Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 27 Russia Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 28 BENELUX Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 29 Poland Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 30 Austria Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 31 Rest of Europe Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 32 Japan Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 33 China Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 34 India Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 35 South Korea Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 36 Australia Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 37 Southeast Asia Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 38 Rest of Asia Pacific Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 39 Middle East & Africa Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 40 South Africa Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 41 Nigeria Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 42 Egypt Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 43 GCC Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 44 Israel Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 45 Latin America Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 46 Mechanicalzil Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 47 Argentina Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 48 Colombia Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 49 Peru Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)
FIG. 50 Chile Smart Shoes/Footwear Market, 2016-2028 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Smart Shoes/Footwear) Market
TABLE 2 Global Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 3 Global Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 4 Global Smart Shoes/Footwear Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5 North America Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 6 North America Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 North America Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 8 North America Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 Europe Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 10 Europe Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 11 Europe Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 12 Europe Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 13 Asia Pacific Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 14 Asia Pacific Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Asia Pacific Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 16 Asia Pacific Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 17 Latin America Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Latin America Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 19 Latin America Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 20 Latin America Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 Middle East Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 22 Middle East Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 23 Middle East Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 24 Middle East Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 Africa Smart Shoes/Footwear Market, by Country, 2016-2028 (US$ Bn)
TABLE 26 Africa Smart Shoes/Footwear Market, by Application, 2016-2028 (US$ Bn)
TABLE 27 Africa Smart Shoes/Footwear Market, by Distribution Channel, 2016-2028 (US$ Bn)
TABLE 28 Africa Smart Shoes/Footwear Market, by Type, 2016-2028 (US$ Bn)