Global Smart Shoes/Footwear Market is Likely to Grow a CAGR of 15.83% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Smart Shoes/Footwear Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Smart Shoes/Footwear Market generated revenue of around USD 206.08 million in 2021 and is anticipated to grow a CAGR of over 15.83% during the forecast period from 2022 to 2028 to reach around USD 608.66 million in 2028. While, cumulative growth opportunity presented by the global Smart Shoes/Footwear is around USD 2.89 billion during 2022 to 2028.

Global Smart Shoes/Footwear Market, 2021 – 2028 (USD Million)

Browse the full report at Smart Shoes/Footwear Market: Demand, Size, Growth, Share, Competitive Analysis and Forecast 2016 – 2028 | Credence Research

What it takes to call Shoes/Footwear as Smart Shoes/Footwear is their interactive capability and their digital connectivity. Smart Shoes/Footwear are basically wearable devices that facilitate recording of biometric data and review it via smart phone apps. Using Smart Shoes/Footwear one can regularly track and monitor physical activities such as walking, hiking, training, running, etc. It can provide information such as distance covered, calories burned, location, route, time, pace, etc. It takes a lot of sensors to be installed in smart shoes for tracking various activities.

Smart Running Shoes to Held the Considerable Share in Global Smart Shoes/Footwear Market

Smart Walking Shoes, Smart Running Shoes and Smart Sports Shoes are some of the major segments of Smart Shoes/Footwear market by type. Smart Running Shoes  is major segments by type in Smart Shoes/Footwear market. While, Smart Walking Shoes held over 25% share in Smart Shoes/Footwear in 2021. On the other hand, Smart Sports Shoes is likely to grow in its market at rapid pace over the forecast period.

Online Distribution Channel to Lead the Growth of Smart Shoes/Footwear Market

Supermarket/Hypermarket, Specialty Store, Online Store and Others are major distribution channels of global Smart Shoes/Footwear. Supermarket/Hypermarket is major segment of the Smart Shoes/Footwear industry. While specialty stores also held the significant share in Smart Shoes/Footwear in 2021. It accounted for over 20% share in total revenue generated by the global Smart Shoes/Footwear  market in 2021. While, online distribution channel for Smart Shoes/Footwear is expected exhibit highest CAGR over the forecast period.

Men to Hold Largest Share of Smart Shoes/Footwear Industry

Men and Women are some of the major end-users of Smart Shoes/Footwear. Men segment held over 55% share in total revenue generated by the Smart Shoes/Footwear market across the world. While, women segment is going to be the second leading end-user segment for the global Smart Shoes/Footwear market.

U.S. is Leading Smart Shoes/Footwear Demand

U.S. is leading the demand for Smart Shoes/Footwear with Australia, China, South Korea, Japan, UK, France, Germany and Singapore being at the forefront of Smart Shoes/Footwear adoption. Asia Pacific will exhibit the fastest CAGR over the forecast period. Huge investment incurred by the companies and presence of large consumer base for advanced technology based markets, the demand for Smart Shoes/Footwear in the above mentioned regions will be higher in the years to come.

Major players operating in the global Smart Shoes/Footwear  market include 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. Global Smart Shoes/Footwear market is characterized by the presence of large number of players across the world and is highly fragmented as well.

Market Segmentation

Global Smart Shoes/Footwear Market by Type, 2016 – 2028

  • Smart Walking Shoes
  • Smart Running Shoes
  • Smart Sports Shoes

Global Smart Shoes/Footwear Market by Distribution Channel, 2016 – 2028

  • Supermarket/Hypermarket
  • Specialty Store
  • Online Store
  • Others

Global Smart Shoes/Footwear Market by Application, 2016 – 2028

  • Men
  • Women

Global Smart Shoes/Footwear Market by Company, 2016 – 2028

  • Salted Venture
  • Adidas
  • Digitsole
  • Pepper Gate Footwear Inc.
  • PUMA SE (KERING)
  • Xiaomi Corporation Limited
  • Zhor-Tech
  • Nike, Inc.
  • ShiftWear
  • TRAQshoes
  • Under Armour, Inc.
  • Vivobarefoot Limited
  • Others