The Global Smart Shoes Market Report is a compilation of comprehensive research studies of various aspects of the Smart Shoes Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Smart Shoes market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Smart Shoes market and how they will evolve in the years to come.
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In terms of revenue, Europe smart shoes market was valued at US$ 36.51 Mn in 2022 growing at a CAGR of 13.5% over the forecast period (2022 – 2030).. adidas Group, ERAM GROUP, Mizuno, Nike, PUMA, Umbro, Under Armour, Xiaomi, Other Market Participants
Smart sneakers are designed to track the amount of activity an individual undertakes within a duration. With the help of some small electronics devices embedded in different areas within the shoes, these shoes can determine how active users are by measuring the number of steps they take, their pace, the number of calories they burn, and other factors. These shoes can even display location using geo-location systems such as GPS. A smart shoe can provide users with all of the necessary health metrics, allowing them to keep track of their health and improve them. A smart shoe may also have functions such as changing its colour with LED strip lights, auto-tightening shoelaces, and so on. There is a rise in the health and wellness trend in the Europe region. Consumers prefer to live a healthy lifestyle by going to the gym, adhering to a strict diet, and engaging in other healthy activities. Smart shoes keep track of the distance run, walked and cycled as well as the calories burned after a training session. The changing consumer preferences owing to the influence of this trend is contributing towards the growth of the Europe smart shoes market.
Technological developments to improve comfort, convenience, and health are expected to create growth opportunities in the smart shoes market. The growing acceptance of athleisure and fitness as life choices is likely to fuel demand for smart wearable. The rise in prices for these products, on the other hand, is expected to hinder the growth of the smart shoes market over the forecast period. Some of the major players in the Europe smart shoes market are contributing towards growth through development and expansion. For instance, Nike introduced the innovative self-lacing HyperAdapt 1.0 shoes. The shoes contain pressure sensors in the soles that detect when the foot is placed inside and activate an algorithm that allows for automatic lacing. The shoes, which have incorporated LEDs, can notify the user of a low battery or a tight fit. Furthermore, these shoes do not require charging on a daily basis, and the charge can last up to two weeks.
The covid-19 pandemic impacted the technology industry worldwide. According to the World Health Organization (WHO), the covid-19 pandemic had infected nearly 2 million people by January 2021, resulting in enormous strain on the Europe technology industry. The COVID-19 pandemic has created havoc around the world and continues to wreak harm even a year after its first outbreak. Factors such as insufficient facilities to manage and fight the pandemic, even in developed countries such as Germany and the United Kingdom, as well as other countries in Europe have been cited as primary reason for the severe impact. The pandemic has created a sense of urgency amongst people at large and created awareness about regular monitoring of their health and wellbeing. The demand for smart shoes to enable convenient monitoring of health and wellness is witnessing a rapid surge, thereby driving the growth of smart shoes market. Smart shoes are being used to assess health, fatigue, posture, steps, and calories, and provide precise data for improving health and preventing injuries. Furthermore, the increased focus on innovations in shoes manufacturing technologies in the near future showcases positive growth prospects for the industry participants in the smart shoes market.
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Europe Smart Shoes Market:
- By Gender
- By Application
- Health and Wellness
- By Distribution Channel
- By Country
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
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