Recent report published by research nester titled “Global Smart shoes Market: Global Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”delivers detailed overview of the global smart shoes market in terms of market segmentation by type, by demography, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global smart shoes market is segmented by type into step counting shoes, positioning shoes, navigation shoes and others. Among these segments, step counting shoes segment is expected to grow at considerable pace during the forecast period. The rise of the step counting shoes segment is backed by rising health awareness amongst the population across the globe. Step counting shoes are able to track running activities such as step counting, distance and calories.
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Global smart shoes market is expected to grow at a considerable CAGR over the forecast period. Moreover, the market is expected to expand on the back of rising disposable income of the consumer and high adoption rate of smart technologies. Population across the globe is adopting advanced technologies to track their health. Further, technological advancements in smart shoes to enhance their performance are also expected to escalate the growth of market in near future.
The North America smart shoes market by region is likely to grow at remarkable pace during the forecast period. Swelled disposable income and increased spending on innovative technologies are fuelling the growth of smart shoes market in this region. Furthermore, availability of variations and features of smart shoes such as smart heating and smart health tracking are likely to bolster the growth of North America smart shoes market over the forecast period.
Rising Disposable Income
Increasing disposable income of the consumers and rising adoption of smart healthcare products coupled with explosion of interest in gadgets for health tracking purposes is anticipated to flourish the growth of smart shoes market. Integration of smart technology into tracking devices and rising adoption of smart wearable for health monitoring are the major factors bolstering the demand for smart shoes which in turn likely to flourish the growth of smart shoes market in future.
Technological Advancements
Rising integration of technology into healthcare devices for better health tracking such as smart shoes is predicted to bolster the growth of market in upcoming years. Moreover, Technological advancements have made these devices compact, comfortable, and easy to use which is envisioned to foster the demand for smart shoes across the globe.
Although, high cost of smart shoes and lack of technological maturity are some of the factors that are likely to inhibit the growth of the smart shoes market in the near future.
This report also provides the existing competitive scenario of some of the key players of the global smart shoes market which includes company profiling of Digitsole, Under Armour Inc., Lechal, Boltt, Intellinium, Orphe and B-Shoe Ltd. Some of other manufacturers who have potential to step in the market of smart shoes are Nike, Inc. and Salted Venturne.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smart shoes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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