The global riding boots market size is expected to reach USD
2.18 billion by 2025, exhibiting a CAGR of 6.1% during the forecast period,
according to a new report published 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 the 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 gears, such as riding shoes for riders
as well as pillions is expected to positively influence the market growth.
Rising incidence of road crashes is one of the major challenges for the
governments and authorities. Introduction of effective and sustainable safety
solutions for such accidents is expected to further drive the 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 a newest series
of riding gears including riding boots called Tech 10. These boots are designed
using latest Front Flexion Control Frame technology with 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. Strong foothold of 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
greater consumer base.
For full research report on Riding
Boots Market visit here:
https://www.grandviewresearch.com/industry-analysis/riding-boots-market
Further key
findings from the report suggest:
- Asia Pacific is expected to register the
fastest CAGR of 6.6% from 2019 to 2025, owing to implementation of road
safety rules along with the strong foothold of motorbike consumers in
countries including China, Japan, South Korea, and India
- Cruising and touring riding shoes market is
expected to witness the fastest CAGR of 6.3% from 2019 to 2025 owing to
rising popularity of long road trips as a recreational activity
- Online distribution channel segment is
anticipated to register the fastest CAGR of 6.8% from 2019 to 2025, as
these channels offer high level of convenience to the consumers
- Key market players include Alpinestars S.p.A,
LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, GAERNE USA,
Harley-Davidson, Inc., Royal Enfield, SULLIVAN'S INC., and TCX S.r.l.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/riding-boots-market/request/rs1
Grand
View Research has segmented the global riding boots market on the basis of
product, distribution channel, and region:
Riding Boots
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Sport & Race
Boots
- Cruising &
Touring Boots
- Adventure & Dual
Sport Boots
Riding Boots
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Riding Boots
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Italy
- Asia Pacific
- China
- India
- Central & South
America
- Brazil
- Middle East &
Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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