According to newly released data by Future Market Insights (FMI), the light-up shoes market is estimated at US$ 254.4 million in 2022 and is projected to reach US$ 376.5 million by 2033, reflecting a CAGR of 4.00% from 2023 to 2033.
The concept of light-up shoes originated in 1992 when the popular shoe brand LA Gear introduced a unique sneaker featuring a transparent heel and lights that illuminated with each step. Initially targeting kids in America, the manufacturers soon found that adults were also interested, leading to the popularity of these LED light-up shoes. However, the trend quickly faded due to the lack of advanced technology and the use of harmful batteries in these shoes.
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.
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
- Shinmax
- 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
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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