Self-lacing Shoes Market in the US 2018-2022
About Self-lacing Shoes
Self-lacing shoes are powered by an electronic underfoot-lacing mechanism. They are characterized by auto-tightening laces that tighten once the user puts them on. The tightening of laces is done until a resistance is sensed based on an algorithmic pressure equation. Such shoes were initially depicted in the 1989 science fiction film Back to the Future II.
Technavio’s analysts forecast the self-lacing shoes market in the US to grow at a CAGR of 23.23% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the self-lacing shoes market in the US for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Self-lacing Shoes Market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Self-lacing Shoes Market in the US 2018-2022
Technavio recognizes the following companies as the key players in the self-lacing shoes market in the US: DIGITSOLE, Nike, POWERLACE TECHNOLOGY, PUMA, and SYNCLAIRE BRANDS (ZeroTie).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of app-integrated self-lacing shoes. The US market is witnessing increased adoption of app-integrated self-lacing shoes. The demand GPS-enabled and app-integrated self-lacing shoes is high among athletes.”
According to the report, one driver in the market is product innovations leading to product premiumization. The vendors in the self-lacing shoes market in the US have been focusing on product innovations. Such innovations help them retain and expand their customer bases. The introduction of innovative and technologically-advanced self-lacing shoes helps expand the customer base of a vendor.
Further, the report states that one challenge in the market is high product cost. Self-lacing shoes are categorized by high costs. The high product cost can be attributed to their improved functionalities, increased features, and the nature of raw materials.