Global Motorcycle Boots and Riding Shoes Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Racing Boots, Touring Boots, Cruiser Boots, Adventure Boots, and Others), By Material (Leather, Synthetic, and Others), By Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
Industry: Consumer GoodsGlobal Motorcycle Boots and Riding Shoes Market Insights Forecasts to 2033
- The Global Motorcycle Boots and Riding Shoes Market Size Was Estimated at USD 1.1 Billion in 2023
- The Market Size is Expected to Grow at a CAGR of around 6.16% from 2023 to 2033
- The Worldwide Motorcycle Boots and Riding Shoes market Size is Expected to Reach USD 2 Billion by 2033
- Europe is Expected to Grow the fastest during the Forecast period.
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The Global Motorcycle Boots and Riding Shoes Market was size was worth around USD 1.1 Billion in 2023 and is predicted to Grow to around USD 2 Billion by 2033 with a compound annual growth rate (CAGR) of 6.16 % between 2023 and 2033. The market is driven by rising awareness of road safety to avoid road traffic crashes is expected to fuel the demand for different safety equipment such as riding boots.
Market Overview
The motorcycle boots and riding shoes refer to the industry are specifically crafted shoes that deliver safety, comfort, and performance for motorcyclists. They have sturdy construction materials and reinforced attributes to protect motorcyclists against injuries and abrasive weather conditions. The motorcycle boots and riding shoes market is driven by the motorcycling market, for motorcycle boots and riding shoes rests in the increasing popularity of motorcycling as a lifestyle activity among young groups. Millennials and Gen Z age groups are now actively embracing motorcycling as a way of life based on the search for adventure, freedom, and a distinct experience. This population change is an excellent opportunity for brands to come up with trendy and innovative products that appeal to the youth. Additionally, through the use of social media and influencer marketing, brands can effectively reach and engage this tech-savvy audience, generating brand awareness and loyalty. Moreover, the introduction of smart boots with sensors, GPS capabilities, and connectivity functions can boost rider performance and safety. Smart boots with such features can offer instant feedback on road conditions, track foot positioning, and even notify riders of potential danger. The use of sustainable and green materials is also increasing, with eco-aware consumers demanding products that meet their moral standards.
Report Coverage
This research report categorizes the motorcycle boots and riding shoes market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the motorcycle boots and riding shoes market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the motorcycle boots and riding shoes market.
Global Motorcycle Boots and Riding Shoes Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.1 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 6.16% |
2033 Value Projection: | USD 2 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 120 |
Segments covered: | By Product Type, By Material, By Distribution Channel, By Region and COVID-19 Impact Analysis |
Companies covered:: | BMW Motorrad, Harley-Davidson, Fox Racing, Leatt, O’Neal, Fly Racing, Thor MX, Klim, Spidi, Held GmbH, RST, Cortech, Joe Rocket and others key players. |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The increasing popularity of motorcycles as a mode of transportation and recreational activity is one of the main drivers of the motorcycle boots and shoes market. Motorcycles are not just a cost-effective means for commuting but are also gaining popularity for leisure and adventure purposes. Moreover, with urban traffic increasing, the demand for motorcycles is increasing, with many people choosing to use motorcycles to travel through traffic with ease and, hence, raising motorcycle ownership worldwide. Additionally, the rise in motorcycle tourism, adventure biking, and racing is increasing the market for specialized equipment, including footwear made specifically for riding requirements. With more individuals taking up motorcycling as a way of life, there is a greater demand for products that are safety-oriented and provide protection to riders while on their rides. The culture of motorcycle riding is also experiencing a transition toward a wider demographic, with more women and younger riders entering the marketplace.
Restraining Factors
The motorcycle boots and riding shoes market has threats that may prevent it from growing. One of the biggest challenges is that premium motorcycle boots and riding shoes are very expensive. Although consumers are now becoming more conscious of the need for protective equipment, the cost of high-quality, long-lasting products may discourage some. This is especially so in developing countries where disposable incomes are lower.
Market Segmentation
The motorcycle boots and riding shoes market share is classified into product type, material, and distribution channels.
- The racing boots segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product type, the global motorcycle boots and riding shoes market is divided into racing boots, touring boots, cruiser boots, adventure boots, and others. Among these, the racing boots segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by high-performance riding and is usually utilized in competitive motorcycle racing. Furthermore, racing boots provide better protection with reinforced toes, ankle support, and abrasion-resistant materials. The demand for racing boots is fueled by the growing number of racing events and the popularity of motorsports.
- The leather segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on material, the global motorcycle boots and riding shoes market is categorized into leather, synthetic, and others. Among these, the leather segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed to its inherent toughness, suppleness, and wear resistance. Moreover, full-grain leather boots are especially popular due to their durability and capacity to shape to the rider's feet over time, giving a tailored fit.
- The online stores segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on distribution channels, the motorcycle boots and riding shoes market is segmented into online stores, supermarkets/hypermarkets, specialty stores, and others. Among these, the online stores segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to online shops that have emerged as a major distribution channel, where consumers can access and buy products from the convenience of their own homes. Additionally, internet shops tend to have a greater number of products available, and finding a particular style and size becomes simpler for the consumer.
Regional Segment Analysis of the Motorcycle Boots and Riding Shoes Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the motorcycle boots and riding shoes market over the predicted timeframe.
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North America is anticipated to hold the largest share of the motorcycle boots and riding shoes market over the predicted period. The dominance is due to the high rates of motorcycle ownership and established motorcycling culture. Both the United States and Canada possess high volumes of motorcyclists who actively engage in motorcycling as a sport and form of recreation. Moreover, Motorcycling has long been a part of United States culture, as a large segment of the country's population utilizes motorcycles as a means for both recreational riding, like interstate touring and competition, and commuting.
Europe is expected to grow rapidly in the motorcycle boots and riding shoes market during the forecast period. The market in the region is driven by the solid presence of the biggest sports bike producers, such as Ducati, Aprilia, Benelli, and Cagiva, which are likely to maintain the ongoing popularity of motorcycling in Europe. Additionally, European consumers have a preference for high-quality products, which fuels the market for high-quality, durable, and fashionable riding footwear.
Competitive Analysis:
The report offers an appropriate analysis of the key organizations/companies involved within the motorcycle boots and riding shoes market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- BMW Motorrad
- Harley-Davidson
- Fox Racing
- Leatt
- O'Neal
- Fly Racing
- Thor MX
- Klim
- Spidi
- Held GmbH
- RST
- Cortech
- Joe Rocket
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2021, Royal Enfield collaborated with TCX, launched riding boots. All the boots are CE-certified under PPE regulation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the motorcycle boots and riding shoes market based on the below-mentioned segments:
Global Motorcycle Boots and Riding Shoes Market, By Product
- Racing Boots
- Touring Boots
- Cruiser Boots
- Adventure Boots
- Others
Global Motorcycle Boots and Riding Shoes Market, By Material
- Leather
- Synthetic
- Others
Global Motorcycle Boots and Riding Shoes Market, By Distribution Channels
- Online Stores
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Motorcycle Boots and Riding Shoes Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the motorcycle boots and riding shoes market over the forecast period?The global motorcycle boots and riding shoes market is projected to expand at a CAGR of 6.16% during the forecast period.
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2. What is the market size of the motorcycle boots and riding shoes market?The global motorcycle boots and riding shoes market size is expected to grow from USD 1.1 billion in 2023 to USD 2 billion by 2033, at a CAGR of 6.16% during the forecast period 2023-2033.
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