Smart Shoes Market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2018-2026

The global Smart Shoes market was valued at $115.3 million in 2018 and is projected to reach $223.4 million by 2026, growing at a CAGR of 9.1% from 2019 to 2026. The rise in demand for various types of wearable devices has been driving the global smart shoes market.

The research thoroughly establishes critical market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.

Some of the key companies profiled in the report include Adidas AG, Digitsole, Nike Inc., Puma SE, Salted Venture, TRAQshoe, Under Armour Inc., Vivobarefoot Limited, Xiaomi Corporation, Zhor-Tech.

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The global Smart Shoes market is segmented based on product type, end use, distribution channel and regions. Based on product type, the global Smart Shoes market is further segmented into smart walking shoes, smart running shoes and smart sports shoes. Among these product types, smart running shoes segment accounts to higher value share owing to higher rate of demand incurring from various fitness enthusiast customers.

North America and Europe are known to be the dominant regions in the global Smart Shoes market. North America has witnessed higher rate of traction for different types of wearable devices since the product provide innovative feature that make their life easy in day-to-day busy life. Some of the key macroeconomic factors such as rise in internet penetration rate, surge in per-capita income also play an important role in contributing to the overall growth of the global smart shoes market.

Though North America and Europe accounts to higher value share in the global Smart Shoes market, Asia-Pacific is expected to exhibit faster growth in the future. Asia-Pacific has witnessed rise in demand for different types of wearable products such as smartphones, smart watches, and smart accessories. Smart shoes are newly launched products in the region. In 2018, the wearable products segment accounted to US$7.3 billion. The Asia-Pacific regions have witnessed surge in number of millennials and the millennials are the forefront users of various types of wearable products. Therefore, rise in number millennial population makes way for lucrative growth opportunities in the market.

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Table Of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Smart Shoes Market by Product Type

Chapter 5: Smart Shoes Market, By End Use

Chapter 6: Smart Shoes Market, By Distribution Channel

Chapter 7: Smart Shoes Market, By Region

Chapter 8: Company Profiles

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Posted by on Tuesday July 23 2019, 12:37 AM EDT. All trademarks acknowledged. Filed under Business Services, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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