Smart Shoes Market Forecast 2021-2026

Smart Shoes Market size was valued at $189 million in 2020 and is anticipated to reach $298 million by 2026 growing at a CAGR of 8.8% during the forecast period 2021-2026. The smart shoes industry growth rate is attributed to the rising popularity of smart wearable’s pertaining to increased participation in sports and fitness activities and is expected to bring new opportunities. Smart shoes are based on smart technology, and they are designed to be remotely linked to a user's smartphone, from which a variety of data can be collected. Traditional footwear can now be paired with a number of features such as self-lacing, insoles that allows a consumer to gain insights into different aspects of daily life owing to technological advancements. Smart shoes communicate via Bluetooth and have built-in sensors that track distance traveled on foot, calories burned, and other biometric data related to health. The shoe's sensors can be synced with Google Maps, enabling the user to get precise driving directions. Smart shoes send notifications to the user via vibrations as well as onscreen to the linked smartphone. Furthermore, product innovation and cutting-edge technologies have been at the forefront of driving the trend of smart wearable’s and has thus been quite influential in driving the growth of the global smart shoes market as well.

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Report Coverage

The report: “Smart Shoes Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Smart Shoes Market:
By Product Type:  Smart Walking Shoes, Smart Running Shoes and Smart Sports Shoes.
By Technology: Electronic Smart Shoes, Mechanical Smart Shoes and Electro-mechanical Smart Shoes.
By Functionality: Activity Tracking, In-depth Run Tracking, Gait Tracking, Location Monitoring and Others.
By Distribution Channel: Hypermarket/Supermarket,    Specialty Stores and Online Stores.
By End Users:  Men, Women and Kids.
By Geography: North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan, India, South Korea, Australia and Others), South America(Brazil, Argentina and Others) and RoW (Middle East and Africa).


Key Takeaways

  • North America dominated the smart shoes market with a share of 38.16% in the year 2020.        
  • The factors such as increasing adoption of technology and the rising popularity towards smart wearable are amongst the major factor projected to impel growth of smart shoes market.
  • Additionally, factors such as increasing demand for tracking and evaluating health metrics is projected to drive the adoption of technology integrated fitness products are to create opportunities paving a way for the growth in the market during forecast period 2021-2026.

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Smart Shoes Market Segment Analysis - By Distribution Channel

On the basis of distribution channel, specialty stores segment accounted for the largest segmental revenue of the smart shoes market in 2020. The specialty stores segment held the largest market on account of the fact that the consistent increase in number of footwear retail outlets in countries such as Brazil, India, and China is anticipated to positively impact the segment growth. Mass brands such as Nike Inc., Under Armour Inc., and Xiaomi among others have multiple outlets featuring footwear and other sports accessories across various regions. In addition, rising trend of catalogue shopping in developed economies provide pleasant shopping experience to consumers which are also poised to increase the importance of specialty store outlets.



On the contrary, online segment is projected to witness healthy growth throughout the forecast period 2021-2026 with a CAGR of 9.9%. The prime factors supplementing the growth of this segment owing to an increasing influence of digital media and social media marketing, increasing internet penetration in various countries such as India, China, Canada, and Brazil among others and is anticipated to continue driving the segment growth in the forecast period 2021-2026. Furthermore, rising consumer awareness regarding technologically advanced products and smart wearable’s owing to media bloggers and celebrity endorsements is anticipated to further fuel the segment growth.


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