The latest report on “Smart Shoes Market (Product Type – Step Counting Shoes, Positioning Shoes, Navigation Shoes, and Other Product Types; Distribution Channel – Retail Stores, Supermarkets, and Online Channels; End User – Men, Women, and Kids): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.”
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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.
Rising Demand for Fitness Wearable Drives the Growth of the Smart Shoes Market
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
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 the distribution channels, the sub-markets include retail stores, supermarkets, and online channels. On the basis of end-user, the sub-markets include men, women, and kids.
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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.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the smart shoes.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.