Smart Shoes/Footwear Market Size Estimated to Reach USD 608.66 Mn By 2028, With 15.83% CAGR: Statistics Report by Credence Research

May 10 21:16 2022
Smart Shoes/Footwear Market Size Estimated to Reach USD 608.66 Mn By 2028, With 15.83% CAGR: Statistics Report by Credence Research
The United States is the market leader in Smart Shoes/Footwear adoption, followed by Australia, China, South Korea, Japan, the United Kingdom, France, Germany, and Singapore.

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)

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.

Browse the full report at  https://www.credenceresearch.com/report/smart-shoes-footwear-market

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.

Inquiry on this Report Before Purchase @ https://www.credenceresearch.com/inquiry-before-buying/60539

 

Smart Shoes/Footwear Report Scope

Report Attribute

Details

Market Value in 2021

USD 204.08 million

Market Value in 2028

USD 608.66 million

CAGR

15.83% between 2021 and 2028

Benchmarking Year

2021

Past data

2016 – 2021

Forecast period

2022 – 2028

Report coverage

Market Size Valuation, Share Analysis and Growth Rate by Segments such as Application and Distribution Channel, Company Share, Competitive Landscape and Trends Analysis

Segments covered

Application

Smart Walking Shoes

Smart Running Shoes

Smart Sports Shoes

Distribution Channel

Men

Women

Type

Supermarket/Hypermarket

Specialty Store

Online Store

Specialty Store

Regional scope

North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)

Major Players Analysed

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

Cost of the Report

Write us at [email protected]

Sample of report with TOC @ https://www.credenceresearch.com/sample-request/60539

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

Browse the full report at  https://www.credenceresearch.com/report/smart-shoes-footwear-market

About Us

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

• Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

• Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in the Asia Pacific and 12% in the Middle East and Africa.

• Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist works straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith
Email: Send Email
Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/

view more articles

About Article Author