Smart Shoes Market Report Outlook
There is a rise in the health and wellness trend in the developed as well as most of the developing countries. Consumers prefer to adopt a healthy lifestyle by hitting the gym, following a strict diet, and striving for other healthy exercises. Among these health-conscious consumers, there is a set of customers who have taken their health enhancement process to the next level. This group needs to maintain a daily record of the activities to track progress. Smart shoes Market help maintain a record of the distance covered running/walking/cycling as well as the calorie lost after a workout session. Thus, these consumers contribute to the global smart shoe market growth.
COVID-19 Impact on Smart Shoes Market Report
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The apparel, sneakers, accessories sector is anticipated to testify irregular germination, as a result of the unique distribution chain interruptions prompted by the COVID-19 pandemic globally. The expected decline in the global sales of clothing, footwear, accessories is owing to extensive distribution chain disturbances beyond notable export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting for these factors in our report to provide you with up-to-date, actionable market information and projections.
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Smart Shoes Market Segmental Overview
The Smart Shoes market is segmented based on by product type, by end user, by distribution channel and geography.
Smart Shoes Market by Product Type
The smart shoes market on the basis of product type is segmented into smart walking shoe, smart running shoe and smart sports shoe. Out of these product types, the smart running shoe section is estimated for a larger smart shoes market share. Smart running shoes provide consumers with the advantages to note the length traveled as well as the number of calories burnt. Users can observe this recorded information through varied combined apps on a smartphone or other devices. This assists the consumer to keep an account of the same and therefore maintain health. To help these customers, manufacturers are also concentrating on innovating smart running shoes. The product is presumed to gain tremendous traction amongst sports personnel along with professional athletes contributing to the global smart shoes market forecast.
Smart Shoes Market by End User
The smart shoes market on the basis of end user is segmented into men and women. The male section endured the largest share of the smart shoe market with almost half of the revenue share. The growing drift of athleisure in the footwear sector has led to an accumulating number of male customers. Additionally, the dominance of the male population in sports and gym exercises is predicted to moreover bode well for the sector germination and support product development.
Smart Shoes Market by Distribution Channel
The Smart Shoes market is majorly distributed through supermarket/hypermarket, Specialty store and online store. The male section endured the largest share of the smart shoe market with almost half of the revenue share. The growing drift of athleisure in the footwear sector lead to an accumulating number of male customers. Additionally, the dominance of the male population in sports and gym exercises is predicted to moreover bode well for the sector germination and support product development.
Smart Shoes Market Key Players
The major players in Smart Shoes market are Adidas AG, Digitsole, Nike Inc., Puma SE, Salted Venture, TRAQshoe, Under Armour Inc., Vivobarefoot Limited, Xiaomi Corporation, Zhor-Tech, Digitsole, and ShiftWear. among others.
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