Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Smart Shoes Market Overview
Smart shoes are smart technology footwear. These shoes have several new features such as a Wi-Fi hotspot, self-lacing technology, GPS, and others. With those ‘larger than life’ features, making it just regular footwear. Some key factors are positively affecting the growth of the global smart shoes market. People across the world are becoming more health-conscious. Hence, many people are inclined towards strict workouts and fitness activities. It ultimately increases the sales of shoes across the world. Certainly, such a trend is helping to boost the growth of the global smart shoes market.
Additionally, technological advancements in smart shoes also help to gain popularity amongst the people. These smart shoes come with a navigation tracker and self-lacing technology. They also help track the physical performance of the end-user, hence increasing their adoption in the sports industry. In addition, increasing brand awareness activities along with promotions, and product launches are helping to keep customers enticed and curious. Also, the changing lifestyles of the people and growth in their disposable income have helped the notable brands to market their new products. This key fact propelling the growth of the global smart shoes market.
Smart Shoes Market Segment Overview
Based on the products, smart running shoes account for a major share of the market. Smart running shoes come with options that help the end-user track the distance covered as well as calories burnt. Also, customers can see this data through different connected apps on a smartphone or other devices. To help these customers, manufacturers are focusing on innovating smart running shoes. The product is anticipated to gain a good grip among sports personnel and professional athletes. It is eventually fruitful for the global smart shoes market expansion in the forthcoming years.
Furthermore, based on the end-user, the men segment accounts for a higher value share. This is because the majority of men choose sports to remain healthy. Also, some are passionate about their sport and try to make a career in the same. Therefore, space for smart shoes by men also contributing more to the development of the market in the next few years.
Smart Shoes Market Regional Overview
Region-wise, North America commanded a major share of the market. This is due the growing health awareness among people and early use of the latest technologies and products in the region. Similarly, Asia Pacific is expected to expand with an impressive CAGR over the forecast period. This is because of the rapidly evolving lifestyles in developing countries such as India and China.
Smart Shoes Market Competitor overview
· In June 2019, Nike launched a new series of shoes in the market called the ‘Adapt BB’. This new series of shoes have features such as self-lacing that can be controlled through an app on the user’s smartphone.
· In February 2019, Xiaomi Corporation announced that the company is now ready to launch its much-awaited smart shoes series in India. The expected launch date is yet to be revealed and it is anticipated that the series will be a successor to the hugely popular Mijia Sneakers. The current smart shoes series Mijia Sneakers 2 is readily available in the chinese market.
Smart Shoes Market, Key Players
· Adidas AG
· TRAQShoe
· Xiaomi Corporation
· Nike Inc.
· Salted Venture
· Puma SE
· Digitsole
· Under Armour Inc.
· Vivobarefoot Limited
· Zhor-Tech
Smart Shoes Market Segmentation
Smart Shoes Market, By Product Type
· Smart Walking Shoes
· Smart Running Shoes
· Smart Sports Shoes
Smart Shoes Market, By End-User
· Men
· Women
Smart Shoes Market, By Distribution Channel
· Supermarket/Hypermarket
· Specialty Store
· Online Store
Smart Shoes Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Smart Walking Shoes
- 5.2.2. Smart Running Shoes
- 5.2.3. Smart Sports Shoes
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Men
- 5.3.2. Women
- 5.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 5.4.1. Supermarket/Hypermarket
- 5.4.2. Specialty Store
- 5.4.3. Online Store
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Smart Walking Shoes
- 6.2.2. Smart Running Shoes
- 6.2.3. Smart Sports Shoes
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Men
- 6.3.2. Women
- 6.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 6.4.1. Supermarket/Hypermarket
- 6.4.2. Specialty Store
- 6.4.3. Online Store
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Smart Walking Shoes
- 7.2.2. Smart Running Shoes
- 7.2.3. Smart Sports Shoes
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Men
- 7.3.2. Women
- 7.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 7.4.1. Supermarket/Hypermarket
- 7.4.2. Specialty Store
- 7.4.3. Online Store
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Smart Walking Shoes
- 8.2.2. Smart Running Shoes
- 8.2.3. Smart Sports Shoes
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Men
- 8.3.2. Women
- 8.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 8.4.1. Supermarket/Hypermarket
- 8.4.2. Specialty Store
- 8.4.3. Online Store
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Smart Walking Shoes
- 9.2.2. Smart Running Shoes
- 9.2.3. Smart Sports Shoes
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Men
- 9.3.2. Women
- 9.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 9.4.1. Supermarket/Hypermarket
- 9.4.2. Specialty Store
- 9.4.3. Online Store
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Smart Shoes Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product Type
- 10.2.1. Smart Walking Shoes
- 10.2.2. Smart Running Shoes
- 10.2.3. Smart Sports Shoes
- 10.3. Market Analysis, Insights and Forecast – By End-User
- 10.3.1. Men
- 10.3.2. Women
- 10.4. Market Analysis, Insights and Forecast – By Distribution Channel
- 10.4.1. Supermarket/Hypermarket
- 10.4.2. Specialty Store
- 10.4.3. Online Store
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Adidas AG
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. TRAQShoe
- 11.6. Xiaomi Corporation
- 11.7. Nike Inc.
- 11.8. Salted Venture
- 11.9. Puma SE
- 11.10. Digitsole
- 11.11. Under Armour Inc.
- 11.12. Vivobarefoot Limited
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
