The global riding boots market size is expected to reach USD 2.42 billion by 2030, registering a CAGR of 5.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing enthusiasm for cruiser, sport, and dirt bikes for long road trips and adventurous off-roading is expected to be a key growth driver. Rising road safety awareness in order to prevent road traffic crashes is anticipated to drive the market demand for various safety gear including riding boots.
Stringent government policies to encourage motorcycle safety and adoption of safety gear, such as riding shoes for riders as well as pillions are expected to positively influence the market growth. The rising incidence of road crashes is one of the major challenges for governments and authorities. The introduction of effective and sustainable safety solutions for such accidents is expected to further drive product demand. According to the Global Status Report on Road Safety 2018, published by the World Health Organization (WHO), in 2016, 1.35 million people lost lives in various motorbike and road traffic accidents. Rising awareness regarding rider safety is expected to drive the bike shoes market over the forecast period.
Sport and race boots was the largest product segment in the market, with a share of more than 60% in 2018 and is anticipated to continue its dominance during the forecast period. Key manufacturers offer innovative boots, developed from composites materials for utmost safety and comfort. For instance, in July 2018, Alpinestars S.p.A launched the newest series of riding gears including riding boots called Tech 10. These boots are designed using the latest Front Flexion Control Frame technology with a resigned foot shell and slimmer outsole. According to the company, the new buckles added to the footwear are durable and better to operate. Such product launches are anticipated to boost the bike gear market over the forecast period.
Europe was the largest market, with a share of more than 30.0% in 2018. The strong foothold of the largest sports bike manufacturers including Ducati, Aprilia, Benelli, and Cagiva is expected to ensure the continuous popularity of motorcycling in Europe and thus, in turn, will expand the scope of riding footwear over the next few years. Key product manufacturers, such as Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, and TCX S.r.l., focus on launching new products to gain a greater consumer base.
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Riding Boots Market Report Highlights
- The Asia Pacific riding boots is anticipated to register the fastest CAGR over the forecast period. The growing affluence and urbanization in the Asia Pacific contribute to expanding the riding boots market
- The cruising & touring boots segment is expected to register the fastest CAGR of 6.2% during the forecast period owing to the rising popularity of long road trips as a recreational activity
- The online distribution channel is expected to register the fastest CAGR during the forecast period, as these channels offer a high level of convenience to the consumers
List of Key Players in the Riding Boots Market
- Alpinestars S.p.A
- LeMans Corporation
- Dainese S.p.A
- FOX
- FLY Racing
- Gaerne Spa
- TCX S.r.l.
- Horze
- Parlanti Roma
- Tattini Boots
Gather more insights about the market drivers, restrains and growth of the Riding Boots Market
The global Riding Boots Market size is projected to value USD 2.18 billion by 2025, according to a new report published by Million Insights, with a CAGR of 6.1% from 2019 to 2025.
The rising interest among the young population for sport, cruiser, and dirt bikes for recreational and adventure activities is anticipated to be the major driver for market growth.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-riding-boots-market/request-sample Market Synopsis of Riding Boots Market: Strict government policies catering to higher usage of safety gear like riding boots for pillions and riders are predicted to have a favorable impact on the industry.
The adoption of these rules is expected to drive the demand for riding boots over the years.
The increasing awareness for safe riding is predicted to surge the demand for bike shoes over the forecast duration.
By product, sport and race boots held the largest share of over 60% in 2018 and is expected to lead throughout the forecast period.
