Global Motorcycle Boot Market Expected to Reach USD 1,602 Million by 2027

According to a recent market study published by Growth Market Reports titled, "Global Motorcycle Boot Market by Types, Raw Material, Distribution Channel, and by Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 1,278 Million in 2019 and is expected to grow at a healthy growth rate of 3.6% by the year 2027. The global motorcycle boot market is anticipated to grow significantly during forecast period. Increasing number of women riders and riding awareness about protective motorcycle clothing are some of the factors contributing to market growth.

Global motorcycle boot market has been segmented based on types, raw material, distribution channel, and region. In terms of types, the motorcycle boot market is categorized as into racing boots, street boots, motocross boots, harness boots, and others. Depending on raw material, market is segmented as leather, metal, composite material, and others. Based on distribution channels, the market is categorized as online and offline. by regions global motorcycle boot market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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The increasing popularity of bike riding events and championships is anticipated to fuel the motorcycle boots market worldwide during the forecast period. Additionally, the increasing number of racing tournaments, such as the motocross world championship, Daytona 200, Superbike World Championship, and others is anticipated to propel the motorcycle boot market over the forecast period. Moreover, celebrities promoting products and services has become a lucrative way to build brand awareness. Celebrity endorsement helps in creating aspiration in the minds of the consumer to adopt what their favorite celebrity promotes and advertises. Hence, companies are endorsing athletes and celebrities to promote their brands which is also anticipated to fuel the popularity of riding events during the forecast period as it helps to establish a connection and relation with customers.

As per Growth Market Reports industry analyst Akshay Udavant “The spread of COVID-19 has had a huge impact on the Motorcycle Boot market players on many fronts and outside factors, including a temporary fluctuation in consumer demand and potential effects on the motorcycle boot market from an uncertain economic perspective. Furthermore, the pandemic has affected the supply chain and the readiness of the workforce, both of which can impact production volumes. In this challenging environment, most companies in various sectors are taking concrete steps. Governments are taking strict measures, which are hampering the overall growth of the market. Companies can make strategic cuts in the number of employees and their pays to meet short- and longer-term requirements.”

Key Takeaways from the Study

• North America is a promising region of the market. The region constituted largest share of the global market in 2019. The market in this region is expected to grow, due to the presence of major manufacturers in this region and increasing demand for protective gear.
• The market in Asia Pacific is projected to expand at a CAGR of 33.5% during the forecast period, owing to increasing popularity of motorcycle riding events.
• The market in Europe is projected to expand at a CAGR of 3.2% during the forecast period. This growth is attributed to increasing government initiatives towards the promotion of protective gear.

Report Scope

Target Audience

• Demand Side: Biking Enthusiast, Others.
• Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
• Associations and Industry Bodies: Motorcycle Safety Association (SMSA), Transport Accident Commission, IIHS- Insurance Institute for Highway Safety, GHSA- Governors Highway Safety Association, European Association of Motorcycle Manufacturers.