Smart Shoes Market Size, Share & Trends Analysis Report By End User (Male, Female), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global smart shoes market size is expected to reach USD 548.93 million by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 20.2% during the forecast period. Rising focus on adopting a fit and healthy lifestyle is anticipated to drive the growth. Factors such as rising consumer awareness regarding availability of various fitness tracking gadgets and rapid technological advancements are expected to further fuel the product demand.

Smart shoes offer support in the form of individual disease monitoring, and monitoring of mobility and gait. Rising preference for real-time fitness tracking process has paved the market for technology-integrated footwear over traditional shoes which has resulted in increasing traction for the smart shoes market. These smart shoes can provide real-time biometric data and calculate the distance travelled and burned calories with the help of embedded sensors and Bluetooth operated insoles, which help consumers track their achievements.

Increasing number of users are opting for walking and running as a part of their fitness regime. In 2017, about 60 million people in U.S. participated in running, jogging, and trail running, while around 100 million people opted for walking as a form of exercise. Rising adoption of athleisure and fitness as a way of life is expected to drive the demand for smart textiles and wearables including smart shoes. Rising inclination toward sneakers in footwear industry owing to the popularity of the sporty look is anticipated to fuel the adoption of smart sneakers. Manufacturers focus on new product development to introduce smart technology in traditional shoes. For example, Under Armour, Inc. introduced its latest smart shoe HOVR Sonic2, display features such as step tracking, distance covered and instant health stats and smartphone connectivity.

Female end user segment of the market is expected to witness the fastest CAGR of 20.5% from 2019 to 2025 owing to the rising sports culture and consumer awareness coupled with increased female participation in various sporting events. For instance, Olympic Games, International Women's Cricket, and Grand Slam Tournaments are witnessing increased female participation, which is expected to positively influence the demand for smart shoes.

Based on distribution channel, specialty stores held the largest market share of 64.1% in 2018, owing to easy availability and wide distribution network of these stores. Rising number of footwear stores in developing countries owing to increasing preference for new and smart wearables has added to the demand for these stores in countries such as Brazil, India, and China. Mass brands such as Nike Inc.; Under Armour, Inc.; Adidas AG; and Xiaomi among others have multiple outlets featuring shoes and other sports accessories across different parts of the world.

Asia Pacific is expected to expand at the fastest CAGR of 21.3% from 2019 to 2025. Rising number of sports tournaments in the region is projected to drive the consumer awareness regarding different sports as well as the importance of fitness, which in turn is anticipated to fuel the regional product demand in the forthcoming years.

Further key findings from the report suggest:

• In terms of revenue, North America held the largest market share of around 39% in 2018

• Male end user segment held the largest market share of over 50% in 2018 and is anticipated to continue leading over the forecast period

• Online distribution channel segment is projected to expand at a CAGR of 20.6% during the forecast period

• The smart shoes market is highly competitive in nature with the presence of key players including Nike Inc.; Adidas AG; Under Armour Inc.; Digitsole; Puma SE; Salted Venture; TRAQshoe; Vivobarefoot; Xiaomi Corporation Limited; and ShiftWear

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights

Chapter 3. Smart Shoes Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Smart Shoes Market
                    3.7. Market Entry Strategies

Chapter 4. Consumer Behaviour Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision
                    4.3. Consumer Product Adoption
                    4.4. Observations & Recommendations

Chapter 5. Smart Shoes Market: End User Estimates & Trend Analysis
                    5.1. End User Movement Analysis & Market Share, 2018 & 2025
                    5.2. Male
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Female
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 6. Smart Shoes Market: Distribution Channel Estimates & Trend Analysis
                    6.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    6.2. Hypermarket/Supermarket
                         6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Specialty Stores
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.4. Online
                         6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)

Chapter 7. Smart Shoes Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.2.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         7.2.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.2.4.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.2.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.3.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         7.3.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.4. Germany
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.4.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.3.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.3.5. U.K
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.3.5.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.3.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.4.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         7.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.4. China
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.4.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.4.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.4.5. India
                              7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.4.5.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.4.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                         7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.5.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         7.5.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                         7.5.4. Brazil
                              7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                              7.5.4.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                              7.5.4.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                         7.6.2. Market estimates and forecast, by end user, 2015 - 2025 (USD Million)
                         7.6.3. Market estimates and forecast, by distribution channel, 2015 - 2025 (USD Million)

Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018

Chapter 9. Company Profiles
                    9.1. Nike Inc.
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Product Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Adidas AG
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Product Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Under Armour Inc.
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Product Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. Digitsole
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Product Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Puma SE
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Product Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Salted Venture
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Product Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. TRAQshoe
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Product Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Vivobarefoot
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Product Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. Xiaomi Corporation Limited
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Product Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. ShiftWear
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Product Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Smart Shoes - Key market driver analysis
2. Smart Shoes - Key market restraint analysis
3. Global smart shoes market estimates and forecast, for males, 2015 - 2025 (USD Million)
4. Global smart shoes market estimates and forecast, for females, 2015 - 2025 (USD Million)
5. Global smart shoes market estimates and forecast, by hypermarket/supermarket, 2015 - 2025 (USD Million)
6. Global smart shoes market estimates and forecast, by specialty stores, 2015 - 2025 (USD Million)
7. Global smart shoes market estimates and forecast, by online, 2015 - 2025 (USD Million)
8. North America smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
9. North America smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
10. North America smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
11. U.S. smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
12. U.S. smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
13. U.S. smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
14. Europe smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
15. Europe smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
16. Europe smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
17. Germany smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
18. Germany smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
19. Germany smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
20. U.K smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
21. U.K smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
22. U.K smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
23. Asia Pacific smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
24. Asia Pacific smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
25. Asia Pacific smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
26. China smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
27. China smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
28. China smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
29. India smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
30. India smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
31. India smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
32. Central & South America smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
33. Central & South America smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
34. Central & South America smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
35. Brazil smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
36. Brazil smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
37. Brazil smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
38. Middle East & Africa smart shoes market estimates and forecast, 2015 - 2025 (USD Million)
39. Middle East & Africa smart shoes market revenue estimates and forecast by end user, 2015 - 2025 (USD Million)
40. Middle East & Africa smart shoes market revenue estimates and forecast by distribution channel, 2015 - 2025 (USD Million)
41. Vendor landscape

List of Figures

1. Smart Shoes market snapshot
2. Smart Shoes market segmentation & scope
3. Smart Shoes market penetration & growth prospect mapping
4. Smart Shoes value chain analysis
5. Smart Shoes market dynamics
6. Smart Shoes market: Porter's analysis
7. Smart Shoes market: End user movement analysis
8. Smart Shoes market: Distribution Channel movement analysis
9. Smart Shoes market: Regional movement analysis