The electric heated shoes market is projeted to grow at a CAGR of 6.8% during the forecast period. The market is projected to generate US$ 4.14 million as of 2023 and is projected to reach US$ 7.99 million by 2033.
The electric heated shoes designed for its applications in the geographical areas where the temperature is below zero degrees during all day and night. These areas include the northern part of North America, Europe, East Asia, and most importantly geographical area at the North Pole and the South Pole of the earth.
The demand for electric heated shoes is dominated by northern regions of Europe and America respectively backed by both production and usage in these regions.
The electric heated shoes are comprised of the thermoelectric footwear heating system that is to be used in the cold weather conditions. The heat in the shoes is electronically controlled by an analog electric control system. The thermoelectric module is used to heat the bottom of the footwear.
The research and technological advancement in the production of new and innovative electric heated shoes have a higher supply of electric heated shoes in these dominating markets.
The countries from Asia regions have very limited access and demand for electric heated shoes as most of the countries in the Asia Pacific regions have warm climatic conditions throughout the year.
The electric heated shoes have the utmost importance in the cold regions as they are proven to be most effective and efficient to keep the foot warm is such freezing temperature.
The sensor called a negative temperature coefficient sensor is used to determine the outer temperature and an electrical circuit and module control the inner temperature of the footwear proportionally.
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Global Electric Heated Shoes Market: Regional Outlook
The demand for electric heated shoes is dominated by northern regions of Europe and America respectively backed by both production and usage in these regions.
The research and technological advancement in the production of new and innovative electric heated shoes have a higher supply of electric heated shoes in these dominating markets.
The countries from Asia regions have very limited access and demand for electric heated shoes as most of the countries in the Asia Pacific regions have warm climatic conditions throughout the year.
The improved material quality and use as well as adaptation of advanced technology and increasing penetration of electric heated shoes in the footwear industry will further support the global electric heated shoe market in these regions.
Global Electric Heated Shoes Market: Key Players
The market participants operating in the global electric heated shoes market are identified across the value chain include
- Volt Electric
- ValueRays
- ThermaCELL
- Snookiez
- Shantan
- HMSPACE
- Warmer Shoes
- Kamlif
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Opportunities for Market Participants in the Global Electric Heated Shoes Market
The demand for electric heated shoes is increasing from the customers living in the cold regions of Europe and North America.
The electric heated shoes are one of the most effective product for the customers to ensure their foot keep remain warm in the cold weather where the temperature often falls below zero degree Celsius.
The demand for electric heated shoes is also increasing form the tourism industry, as the people who are not familiar with very cold weather and regions are dependent on the electric heated shoes to keep their feet warm in such freezing temperatures.
The people around the globe are following the emerging trend of exploring the northern countries with very cold climatic conditions.
These countries are becoming the most attractive tourist destinations for travel enthusiastic people around the globe. Such an increase in tourism in the cold regions is creating more lucrative opportunities for the manufacturers to target these customers seeking for electric heated shoes in the market.
COVID-19 Impact on Global Electric Heated Shoes Market
The electric heated shoes market has witnessed substantial growth in the past few years. At the very start of the year 2020, the world hit by the global pandemic of coronavirus outbreak. Most of the countries in the world opt for lockdown or national emergencies to counter this global pandemic of COVID-19.
The traveling inside and outside of the country is banned all across the globe, which has affected the tourism industry. As people can travel to new destinations, the revenue from the tourism industry has stopped for the electric heated shoes market. However, the local population in the cold regions has a steady demand for electric heated shoes.
The growth of the global electric heated shoes market has been decreased dramatically, and this is to continue for the next couple of months. The global electric heated shows market is likely to start recovering after the pandemic starts to normalize with an uninterrupted supply chain across the globe.
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Global Electric heated Shoes Market: Market Segmentation
By Footwear type
- Electric Heated Boots
- Electric heated Slippers
- Others
By Product Type
- Rechargeable
- Non-rechargeable
By region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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