The Increased Activity of Manufacturers will Provide Growth Opportunities to the Asia-Pacific Smart Shoes Market

Published: Oct 2020

The Asia-Pacific smart shoes market is anticipated to grow with a significant CAGR during the forecast period (2020-2026). The market growth in the region is majorly influenced by the increasing investment in a product that assists in leading a healthy life. Additionally, the rising engagement of domestic players such as Boltt Sports Technologies, Lechal (Ducere Technologies), Li Ning (China) Sports Goods Co., Ltd., Xiaomi Corp., in the smart shoes manufacturing will also propel the growth of the market across the region. In addition to this, the continuous launches of new products with advanced features will also impact the market shares. For instance, in February 2019, Xiaomi Corp. launched the Mijia Sneakers 2 in India. Similarly, in August 2019, Xiaomi Corp. launched the MIJIA Sports Shoes 3, the third-generation model of its smart sports shoes line in China. 

Browse the full report description of "Asia-Pacific Smart Shoes Market Size, Share & Trends Analysis Report By End-Users (Men and Women), By Distribution Channel (Online, Supermarket/Hypermarket, and Specialty Stores), Forecast Period (2020-2026)" at https://www.omrglobal.com/industry-reports/asia-pacific-smart-shoes-market

Furthermore, globally recognized smart shoe manufacturers are also utilizing the untapped potential of the region by expanding their operation and launching new products in the region. For instance, in July 2019, Under Armour Inc. launched its UA HOVR range of smart running shoes in India that lets the users track their running data. Such activities by global smart shoe brands will significantly aid the growing shares of the Asia-Pacific smart shoes market. 

Market Coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- 

o By End-Users

o By Distribution Channel

  • Country Covered- 

o China

o Japan

o India

o South Korea 

o Rest of Asia-Pacific

  • Competitive Landscape- Lechal (Ducere Technologies), Li Ning (China) Sports Goods Co., Ltd., Xiaomi Corp.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and country dominate the market in the base year?
  • Which segment and country will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected country and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Asia-Pacific Smart Shoe Market Report Segment

By End-Users

  • Men
  • Women

By Distribution Channel

  • Online
  • Supermarket/Hypermarket
  • Specialty Stores

Asia-Pacific Smart Shoe Market Report Segment

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific 

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