Global Step Counting Shoe Market, By Product (Step-Counting Shoes, Positioning Shoes, Navigation Shoes, Others), End Use (Men, Women, Kids), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Step Counting Shoe Market
Step counting shoe market is expected to witness market growth at a rate of 32.10% in the forecast period of 2021 to 2028. Data Bridge Market Research report on step counting shoe market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Step-counting shoes are embedded with sensors which help to track walking and running data. To boost the user experience, these types of smart shoes are preferably linked to smartphones. Basketball shoes that can tighten or loosen themselves to fit an individual's feet have recently been established by famous brands such as Nike, and others. These shoes use soles with apps or buttons to change the tightness. They also assist in the counting of moves, navigation, and general health tracking.
Increasing preferences among the consumers regarding the usages of smart wearables, integration of smart technologies with the addition of sensors for step counting, increase in the popularity of fashionable wearables that fulfil needs in terms of both fashion and function, growing usages of the product for analysing speed, acceleration, calories burned, distance travelled, cadence, among others, rising levels of disposable income of the people along with changing lifestyle are some of the major as well as important factors which will likely to accelerate the growth of the step counting shoe market in the projected timeframe of 2021-2028. On the other hand, increasing growth of the e-commerce sector, increasing usages of social media platform for product promotion which will further contribute by generating immense opportunities that will lead to the growth of the step counting shoe market in the above mentioned projected timeframe.
Increasing competition among the players along with high cost of product which will likely to act as market restraints factor for the growth of the step counting shoe in the above mentioned projected timeframe. Slow technological innovation for internet of things enabled shoe which will become the biggest challenge for the growth of the market.
This step counting shoe market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on step counting shoe market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Step Counting Shoe Market Scope and Market Size
Step counting shoe market is segmented on the basis of product, distribution channel, and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Step counting shoe market on the basis of product has been segmented as step-counting shoes, positioning shoes, navigation shoes, and others.
- Based on distribution channel, the step counting shoe market has been segmented into online, and offline. Online segment has been further segmented into company-owned portals and e-commerce sites. Offline segment has been further segmented into supermarkets and hypermarkets, specialty stores, and retail-based stores.
- Step counting shoe has also been segmented on the basis of end use into men, women, and kids.
Step Counting Shoe Market Country Level Analysis
Step counting shoe market is analysed and market size, volume information is provided by country, product, distribution channel, and end use as referenced above.
The countries covered in the step counting shoe market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America, and Europe will dominate the step counting shoe market due to the increasing demand of the high end technology solutions as well as services, along with prevalence of various market players in the region while Asia-Pacific region will expect to grow in the step counting shoe market during the forecast period of 2021-2028 due to the increasing number of technological advancement to track and monitor overall health along with prevalence of various start-ups in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Step Counting Shoe Market Share Analysis
Step counting shoe market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to step counting shoe market.
The major players covered in the step counting shoe market report are Nike, Inc.; PUMA SE; Li Ning (China) Sports Goods Co., Ltd.; SALTED CO., LTD; Under Armour, Inc; DIGITSOLE; Powerlace Technology Inc.; SolePower; Lucky Feet Shoes; Lechal.; ReTiSense Inc; Boltt Sports Technologies,; no new folk studio Inc.; Vivobarefoot.; Xiaomi; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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