Global Self-lacing Shoes Market – Introduction

  • Self-lacing shoes are technology-equipped shoes designed to automatically tighten once an individual puts them on. Self-lacing shoes are also termed as self-tying shoes and power laces. Furthermore, these shoes are introducing features such as self-tightening, heating, and shock-absorbing shoe. Self-lacing shoes are majorly purchased by professional athletes, basketball players, and differently-abled individuals.
  • Nike has launched its range of self-lacing shoes named Adapt BB and HyperAdapt 1.0 in the self-lacing shoes market. Puma has introduced its fit intelligence, wirelessly connected self-lacing shoes called AutoDisc.

Rise in Trend of Using Bluetooth-enabled and Application-driven Smart Shoes to Drive the Self-lacing Shoes Market

  • Rapid increase in demand for Bluetooth-enabled and application-driven smart shoes is projected to be a driving factor for the self-lacing shoes market. Professional sportspersons such as basketball players, marathon runners, and athletes use these innovative and tech-embedded shoes to keep daily track of their fitness regimen. Moreover, self-lacing shoes are very convenient for differently-abled individuals and senior citizens. Technology plays a vital role in the production process of such products. Brands have to undertake advancement in their technology to be competitive in the marketplace. 

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Lack of Awareness and High Cost of Shoes to Hamper the Self-lacing Shoes Market in the Near Future

  • Lack of awareness about self-lacing shoes in various emerging economies across the world is anticipated to restrict the growth of these shoes during the forecast period. The product is very expensive in terms of pricing. Furthermore, it is unavailable in specialty stores and multi-brand retail outlets in various emerging economies. These factors negatively impact the sale of self-lacing shoes in various parts of the globe. Moreover, companies spend heavy amounts on research & development to ensure advancement in technology of self-lacing shoes, which in turn is likely to increase the overall cost of production of these shoes.

North America and Europe Hold Major Share in the Global Self-lacing Shoes Market

  • Geographically, the global self-lacing shoes market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America and Europe held majority of market in the global self-lacing shoes market in 2018. The self-lacing shoes market in North America and Europe is projected to expand in a rapid manner in the near future due to rise in usage of self-lacing shoes by professional athletes and basketball players in countries such as the U.S., Canada, Mexico, the U.K., Germany, and France as well as other countries in Europe.  
  • Furthermore, the market in Asia Pacific is projected to expand at a significant growth rate during the forecast period. Rise in demand for Bluetooth-enabled and application-driven self-lacing shoes in China, India, and Japan is expected to surge the demand for self-lacing shoes in the Asia Pacific region.

Key Players Operating in the Self-lacing Shoes Market

Major manufacturers are anticipated to face tough competition during the forecast period. Brands such as Nike Inc., PUMA SE, Powerlace Technology Inc., and Digitsole focus on innovation of new self-lacing shoes to strengthen their product portfolio and drive the sales of self-lacing shoes in the global self-lacing shoes market. Nike Inc. offer self-lacing shoes named Adapt BB and HyperAdapt 1.0. These are Bluetooth-enabled self-lacing sneakers which offer auto-lacing and adapts to wearers’ feet.  Adapt BB was first used at the NBA basketball court by Jayson Tatum. A few of the key players operating in the global self-lacing shoes market are:

  • Nike Inc.
  • PUMA SE
  • Powerlace Technology Inc.
  • Digitsole

For Right Perspective & Competitive Insights on Self-lacing Shoes Market, Request for a Sample

Global Self-lacing Shoes Market – Research Scope

Global Self-lacing Shoes Market, by Type

  • Rechargeable
  • Non-rechargeable

Global Self-lacing Shoes Market, by Application

  • Professional Sports & Athletics
  • Fitness & Gym
  • Others (physically challenged etc.)

Global Self-lacing Shoes Market, by End-user

  • Men
  • Women
  • Kids

Global Self-lacing Shoes Market, by Distribution Channel

  • Offline
    • Specialty Stores
    • Multi-brand Stores
  • Online
    • Company-owned Website
    • E-commerce Websites

Global Self-lacing Shoes Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Self Lacing Shoes Market

Pre Book