(MENAFN- Ameliorate Digital Consultancy)
The Smart Shoes market research report talks about the historic and current developments that are driving the growth trajectory of this business landscape. In an effort to boost the stakeholder's profits, the document also highlights important trends and obstacles for different market segmentations. The detailed analysis of the market segmentations could allow stakeholders to understand possible expansion as well as revenue generating avenues prevailing in this business sphere. The document also delivers estimated market size, growth rate, and share during the study period. The study examines the pricing strategies, consumer behavior, and competitive environment found in this industry landscape.
Global Smart Shoes market is valued approximately at USD 115.3 Million in 2018 and is anticipated to grow with a growth rate of more than 9.1% over the forecast period 2019-2026. Smart shoes are smart clothing inventions. This adopts mobile apps to support activities that cannot be carried out with normal footwear. It also uses display mobile vibration to tell users when and where to turn, to get to their destination through Google Maps or self-location. Moreover, the smart shoe is an insole. The insole connects via Bluetooth with mobile. When the route is chosen for navigation, the insole guides the user by ringing the feet. The insole is capable of counting the steps taken and of measuring the calories burned. There is a rise in the health and wellness trend in the developed as well as most of the developing countries. Consumers tend to follow a healthy lifestyle by visiting the gym, keeping a strict diet, and engaging in other healthy sports. Thus, surge in demand for wearable products followed by rise in demand from the healthcare industry is expected to boost the market growth in the forecast period. As per Statista, the number of connected wearable devices worldwide is expected to increase to more than 1.1 Million by 2022. Similarly, the rise of the wearables industry in the North America is illustrated by estimates that predict 25 percent of the adult population in the United States to use wearables by 2022. The ownership of wearables in the Asia-Pacific regions is already strong among peoples living in China, Thailand and Vietnam.
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Global Smart Shoes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America dominates the global smart shoes market. Asia-Pacific is expected to see fastest growth over the forecast period. Asia-Pacific regions have seen an increase in the number of millennials, and millennials consumers of various forms of wearable devices. As a result, the increase in the number of millennials makes room for attractive business growth opportunities in this region.
Market player included in this report are:
Adidas AG
Nike Inc.
Under Armour Inc.
Digitsole
Puma SE
Salted Venture
TRAQshoe
Vivobarefoot Limited
Xiaomi Corporation Limited
ShiftWear
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Smart Walking Shoes
Smart Running Shoes
Smart Sports Shoes
By End-User:
Men
Women
By Distribution Channel:
Supermarket/Hypermarket
Specialty Store
Online Store
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
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Goals and objectives of this Report
- Understanding the opportunities and progress of Global Market highlights, as well as key regions and countries involved in market growth.
- Study the different segments of the Global Market and the dynamics of Global Market in the market.
- Categorize Global Market segments with increasing growth potential and evaluate the futuristic segment market
- To analyze the most important trends related to the different segments that help to decipher and convince the Global Market.
- To verify region-specific growth and development in the Global Market.
- Understand the key stakeholders in the Global Market and the value of the competitive image of the Global Market leaders.
- To study key plans, initiatives and strategies for the development of the Global Market.
Key questions answered in the report:
- Which are the five top players of the Global Market?
- How will the Global Market change in the next five years?
- Which product and application will take a lion's share of the Global Market?
- What are the drivers and restraints of the Global Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Global Market throughout the forecast period?
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