Light Up Shoes Market is Projected to Reach USD 376.5 Million, at a CAGR of 4.00% by 2033 | FMI

The light up shoes market is estimated at USD 254.4 million in 2022 and is projected to reach USD 376.5 million by 2033, at a CAGR of ~4.00% from 2023 to 2033.

There are many driving factors that are fuelling the light up shoes market. the main market for the light up shoes are United States, China and Korea. The influence of celebrities, use of light up shoes by social media influencers and content creators, use of light up gears and accessories at concerts, night clubs and rave parties and do-it-yourself light-up shoes trends in many countries are helping the market growth.

The considered dead trend of light up shoes from 90s is revived again by the now adult 90s kids. Manufacturers are marketing and selling the light up shoes on their official websites and online market places. As these are the most common purchasing platforms and the distribution channels are wide spread and well developed, due to use of internet, people can purchase products from different countries and get them home delivered, without any hassle.

On the other hand, it is expected that the availability of locally manufactured, replicated, or phoney products would limit market growth. The COVID-19 outbreak had many countries to regulate the import and export, ultimately affecting the raw material supply chain, posing a challenge for the light up shoes industry.

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Key Takeaways from the Light Up Shoes Market Study

  • The lace-up light up shoes are the popular type among all the different shoes type. These shoes are bit heavy, as they have LED light and batteries, and to give better grip and comfort, these shoes have laces, which have overall best holding strength.
  • Rubber soles are widely used for light up shoes. Transparent rubber soles and translucent soles are utilised in light up shoes to make them seem high-end while also keeping light from spreading inside the shoes.
  • Men’s light up shoes are in higher demand than children’s and women’s light up shoes. Although there are several makers of unisex shoes, men are the primary customers and users of light up shoes.
  • In the case of regional analysis of regions like the North America and Asia is expected to gain traction in the light up shoes market.

“The light up shoes are trending again in many countries. The night life of party people and increasing number of music concerts are responsible for increasing trend for the light up shoes.” Says an FMI Analyst.

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Who is winning?

Leading players operating in the Light Up Shoes Market Skechers, Bold N Elegant, Voovix, Mr. SHOES, Li Ning Shoes, BRIGHT LED shoes, The Quirky Naari, Flyknit, CHiU, DIYJTS and among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on the Light Up Shoes Market by Product Type (Adult LED Shoes, Children LED Shoes), Closure Type (Lace-Up, Elastic, Velcro, Slip-on, Others), Sole Material (Rubber, Polyurethane, Leather, EVA, Others), Outer Material (Genuine Leather, Faux Leather, Canvas, Mesh, Other), Sales Channel (Multi-brand Stores, Independent Small Stores, Online Retailers, Others) & Region – Forecast to 2022-2032

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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