Smart Shoe Market is Projected at US$ 231.4 Mn in 2022 and Reach US$ 608.2 Mn by 2032

The smart shoe market is estimated at US$ 231.4 Mn in 2022 and is projected to reach US$ 608.2 Mn by 2032. The market grew at a CAGR of 7.6% from 2016 to 2021. The smart shoe market holds a minor amount of share of ~0.5% in the overall footwear market, but it is anticipated to alter over the next decade.

As increasing consumer proclivity for health and fitness related products has been elevating the prospects of smart wearables landscape, it is highly likely that smart shoes will also establish a firmer base in coming years. Functional capabilities of smart shoes tracking the data of running or walking, running routes, calories burned, and activity speed will continue to place smart shoes in today's desirable products category.

Other important technologies such as GPS navigation are also likely to uplift applicability of smart shoes in the tech savvy age.

Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-9482

According to FMI's analysis, navigation shoes will remain bestselling in the smart shoe market, accounting for more than half of the global smart shoe sales. Step counting smart shoes are also cited as a popular category among consumers of smart shoes.

With leading manufacturers of smart shoes concentrating on enhancing overall customer experience by investing more efforts in improving the cushioning effect, stability, road-holding ability, breathability, shock absorption, and light weight, the report is anticipating more innovation in the smart shoe industry, translating into higher traction for innovative offerings in the smart shoe category.

Key Manufacturers of Smart Shoes Preferring Technological Collaborations, Targeting New Product Launches

The market is dominated by global brands such as Under Armour, Nike, and Puma among others. However, the study highlights that Chinese players have been strategizing on strengthening their market footprint, recently, boosting the level of competition further.

Moreover, relatively smaller, private-label brands are securing their position in the global smart shoe market by offering competitively priced products, which is likely to emerge as a point of concern for industry giants in the long run.

From Nike's self-lacing sneakers launched a couple of years ago, followed by Li Ning's smart shoes enabled with military-grade motion sensors, in partnership with Xiomi, product innovation has been the most preferred developmental strategy among leading players.

Request For Customization On This Report@ https://www.futuremarketinsights.com/customization-available/rep-gb-9482

Over innovation, leading companies in smart shoe market are entering strategic partnerships with tech giants. The strategic partnership between SR Max (SR Max Slip Resistant Shoes) and Sole Power, LLC to jointly develop self-charging smart work boots, and that between Genesis Rehab Services and Sensoria Fitness for the development of a smart footwear product for diabetes patients, mark some of the recent examples.

Puma's relaunch of the oldest RS-Computer Shoes (2018) initiated a trend wave of launching older products in the category, with technological and feature upgrade.

The report has a dedicated section for strategic profiles of some of the most prominent players actively competing in the global smart shoe market landscape. A few among them include Puma, Under Armour, Adidas, Li Ning (Xiaomi), Nike, Salted Venture, Digitsole, Orphe, Powerlace, Intellinium, GTX Corp, Lechal Company, EasyJet, and E-Vone.

Smart Shoe Market By Category

By Product Type:

Step Counting Shoes
Positioning Shoes
Navigation Shoes
By End User:

Adult
Children
Senior Citizen
By Consumer Orientation:

Male
Female
Unisex
Boys
Girls
By Application:

Healthcare Footwear
Smart Safety Footwear
Sports Footwear
Comfort Footwear
By Sales Channel:

Modern Trade
Convenience Stores
Specialty Stores
Multi-Brand Stores
Online Retailers
Other Sales Channel
By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

Click on the Below Link to Buy this Report@ https://www.futuremarketinsights.com/checkout/9482

Explore FMI's Extensive ongoing Coverage on  Consumer Product Domain 

Ecotourism Market Size: The global ecotourism market is projected to grow by 15% CAGR between 2021 and 2031. In 2021, the market value will surpass US$ 17 Bn, finds Future Market Insights (FMI) in its latest study.

Flooring and Carpets Market Share: Flooring and carpet manufacturers are focusing on leveraging opportunities in the automotive, industrial, aviation, marine and sports sectors, after lackluster sales in 2020. The sales of flooring and carpets in these high-growth markets is likely to complement demand in US and Europe.

Pet Water Dispenser Market Forecast: The pet water dispenser market is estimated to reach US$ 151.2 Mn in 2022 and is projected to reach US$ 258.4 Mn by 2032, at a CAGR of 5.5% from 2022 to 2032. The share of the pet water dispenser market in the global pet care market is approximately 1%.

Blackout Fabric Market Volume: The global blackout fabric market is expected to be valued at US$ 9.19 Billion in 2022. Overall demand for blackout fabrics is projected to grow at a CAGR of 6.9% between 2022 and 2032, totaling around US$ 17.92 Billion by 2032.

Smoking Accessories Market Overview: The global smoking accessories market size is expected reach a value of US$ 67 Billion in 2022. The overall demand for smoking accessories is projected to grow at a CAGR of 4.2% between 2022 and 2032, totaling around US$ 101 Billion by 2032.

Roll-Your-Own Tobacco Products Market Outlook: In 2022, the global roll-your-own tobacco products market is likely to hold a value of US$ 30.8 Billion. With a CAGR of 3.8%, the market is projected at US$ 44.6 Billion during the forecast period from 2022 to 2032.

Contact Us:

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs

About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.