Market Overview

Global Smart Shoes Market to Benefit from the Rush for Back-to-School Supplies | Technavio


The charm of back to school shopping is further accentuated by providing
yet another opportunity to indulge our fetish for new shoes. Regardless
of age or gender, most modern consumers are enamored by the plethora of
choices available in the footwear industry. Online and retail
distribution channels are flooded with footwear for women, men, and
children. The array of choices is quite compelling and convinces even
the most frugal individuals to invest in a few pairs of comfortable
footwear to cater to different occasions in the formal or informal arena.

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Technavio has published a new market research report on the global smart shoes market from 2018-2022 ...

Technavio has published a new market research report on the global smart shoes market from 2018-2022. (Graphic: Business Wire)

While we were still struggling to exercise some measures of control and
reign in temptation amidst the wide variety of footwear choices in terms
of style, color, and material, shoe manufacturers have realigned the
footwear industry with innovative new products. The footwear market in
2018 introduces battery-powered smart shoes, which offers a plethora of
features such as connectivity, tracking, and health-monitoring, in
addition to providing style and comfort.

Market research analysts at Technavio forecast the global
smart shoes market 2018-2022
to grow steadily over the
next few years and post a CAGR of around 23%. This market research
analysis highlights strategic partnerships as one of the key trends in
the smart shoes market. Vendors in the smart shoes industries are
partnering with tech giants to remain competitive and develop smart
footwear with varied features.

According to a senior analyst at Technavio for retail goods and services
research, "Vendors in the global smart shoes market have introduced
smart shoes that are capable of coaching users on their physical
activities. For instance, Runtopia Reach smart running shoes are
equipped with smart sensors that monitor movements and provide
customized training plans and other coaching functions via the Runtopia
app. The increasing popularity of such products will lead to the growth
of the market during the forecast period."

The global smart shoes market is dominated by players such as DIGITSOLE,
Nike, and Under Armour among others. The introduction of innovative and
technically-advanced smart fitness products will motivate consumers to
adopt them for their fitness activities, consequently accelerating
market growth.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

Market research firm Technavio has identified the key trends and drivers
which are likely to drive the bottom lines of the global smart shoes
market. For instance, increased product innovation leading to
premiumization is a key driver, which is expected to impact market
growth. The global smart shoes market is dominated by a few players,
therefore, to sustain in this market vendors must invest in product and
technological innovation.

Technavio's market research provides a competitive analysis of the
market by end-user, (adults, senior citizens, users with disability, and
kids), and by geography (the Americas, EMEA, and APAC). This research
report presents a thorough understanding of the market augmented with
actionable insights. The report is designed to help market players
refine their strategies and secure a bigger share of the market during
the period 2018-2022.

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a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

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