The global motorcycle boot market was valued at USD 1,278 Mn in 2019 and is projected to reach USD 1,602 Mn by 2027, expanding at a CAGR of 3.6% during the forecast period. Motorcycle boots are a part of protective gear, which is used by riders to ensure safety in case of accidents. These boots are generally made from heavy and thick leather with raw materials such as metal, plastic, and other composite materials to improve the safety of the riders. The growing popularity of adventure tourism among millennials is anticipated to supplement the growth of the motorcycle boots market during the forecast period.
Some of the key factors, which are anticipated to fuel the demand for motorcycle boots during the forecast period, are increasing awareness about road safety among consumers, rising government protocols regarding the usage of protective wear, increasing popularity of riding events, and increasing awareness about protective gear among riders. Moreover, the increasing number of women riders and growing product innovation in the market are anticipated to propel the motorcycle boot market during the forecast period.
Growing awareness about these benefits is anticipated to fuel the demand for motorcycle boots during the forecast period. For instance, according to the report published by Insurance Institute for Highway Safety, a US-based non-profit organization, 5,014 people lost lives in various motorbike and road traffic accidents. Moreover, motorcycle deaths accounted for 14 percent of overall motor vehicle crash deaths in 2019. Hence, riders are progressively adopting motorcycle boots this, in turn, is projected to positively affect the global motorcycle boot market during the forecast period.
In the past few years, growing enthusiasm for adventure motorcycling and riding as a recreational activity is fueling the demand for motorcycle boots. Increasing use of dirt bikes and sport bikes is anticipated to fuel product demand. Improved fuel economy of motorcycles and lower cost of these vehicles as compared to four-wheeled vehicles are some key factors boosting the preference for motorcycles. This, in turn, is anticipated to propel the demand for motorcycle boots during the forecast period.
According to the National Highway Traffic Safety Administration (NHTSA) and the Motorcycle Safety Foundation (MSF), appropriate protective gear for motorcyclists includes a heavy-duty jacket and pants, helmet, gloves, boots, and eye protection. Motorcycle accidents can have dire consequences on the rider. Governments globally are taking initiatives to regulate the protective gear market. For instance, apart from helmets, which are covered under distinct regulations and products for leisure usage that only safeguard riders against non-extreme climate conditions, all other protective wear for motorcyclists in Europe should be evaluated against the requirements of the new guideline covering Personal Protective Equipment (PPE).
By Type Segment
In terms of product types, the global motorcycle boots market is segmented as racing boots, street boots, motocross boots, harness boots, and others. The motocross boot segment held 27.4% value share of the market in 2019. The segment is projected to account for the largest share of the market during the forecast period. The motocross boots segment is anticipated to propel during the forecast period, owing to its increasing applications in off-road ride applications. The street boot segment is anticipated to expand at a CAGR of 4.2% during the forecast period. This growth may be attributed to increasing demand from riders riding a motorcycle on solid pavements.
By Raw Material Segment
On the basis of raw material, the global motorcycle boots market is segmented into leather, metal, composite material, and others. The leather segment accounted for a market share of 26.6% in 2019. This growth may be attributed to numerous benefits of leather motorcycle boots such as breathability, durability, water resistance, and comfort. The composite material segment is expected to grow significantly during the forecast period, owing to its increasing applications in different parts of motorcycle boots such as buckles, straps, and sliders.
By Distribution Channels Segment
Based on Distribution Channels, the market is categorized as online and offline. The online segment is further bifurcated into e-commerce and company-owned portals. The offline segment is further segmented as hypermarkets/supermarkets, exclusive stores, wholesalers & distributors, and department stores. The offline segment accounted for the 88.7% share of the global motorcycle boot market in 2019. The online segment is anticipated to expand at a CAGR of 2.9% during the forecast period.
By Gender Segment
In terms of gender, the global motorcycle boot market is classified as men and female. The men segment accounts for a significant share of the market in 2019. The men segment is expected to account for a key share, owing to the popularity of dirt bikes, sports bike, among others in Men. The female segment is anticipated to grow at a significant CAGR during the forecast period. The increasing popularity of riding events among female customers anticipated to fuel the market growth during the forecast period. Moreover, the growing focus of manufacturers on the female segment to gain a competitive advantage in the market is further anticipated to fuel the market growth during the forecast period.
On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Europe held a significant share of the market in 2019 owing to government regulations and the growing focus of key market participants in this region on product innovation to increase their customer base. The market in the Asia Pacific is expected to grow at a rapid pace. This growth may be attributed to increasing population, rising income levels, and growing adoption of motorcycle boots are expected to boost the motorcycle boots market growth in this region.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers various motorcycle boot market by types such as racing boot, street boot, motocross boot, harness boot, and others
According to this Growth Market Reports, the market from motorcycle boot market is likely to register a CAGR of 3.6% during period 2020-2027, with an anticipated valuation of USD 1,602 million by the end of the 2027.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), Macro-economic factors, COVID-19 Impact on the motorcycle boot market is available in final report.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The motorcycle boot market is anticipated to grow significantly during forecast period due increasing popularity of riding events, increasing awareness about protective gear among riders, and increasing number of women riders.
The demand for leather and composite material for motorcycle boot manufacturing is driving the market growth.
The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the motorcycle boot market.
The base year considered for the motorcycle boot market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.
Major Manufactures include Alpinestars, Fox Head, Inc., Jim O’Neal Distributing, Inc., GAERNE SPA, and Wolverine World Wide, Inc.
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