Motorcycle Boot Market is predicted to grow at 3.8% CAGR through 2032 | Future Market Insights, Inc.
Growing Popularity of Adventure Tourism to Supplement Motorcycle Boot Growth. Europe global motorcycle boot market holds the highest revenue potential. The offline segment accounted for 88.7% of the global motorcycle boot market. The leather segment held a 26.6% global motorcycle boots market share
NEWARK, Del., Sept. 14, 2022 /PRNewswire/ -- The global motorcycle boot market is expected to grow at a 3.8% CAGR to USD 859.7 million by 2032, from USD 590 million in 2022.
Motorcycle boots have started a new trend in the footwear industry. The main players are attempting to combine fashion and safety. The increase in disposable income, government initiatives, various racing events, motorcycle rallies, and celebrity endorsements all contribute to the growth of the global motorcycle boots market.
The growing popularity of motorcycle racing events around the world is driving significant growth in the global motorcycle boot market. Motorcycle boots have become a must-have in every biker's kit due to their shock-absorbing capabilities, significantly increasing their demand.
Request a Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15568
Significance of Road Safety
Consumers' growing awareness of the importance of road safety has fueled global demand for motorcycle boots. Motorcycle boots, in addition to protecting riders' feet and ankles, aid in motorcyclists' balance while riding.
Riders are increasingly wearing motorcycle boots to avoid accidents, which is having a significant impact on the global motorcycle boot market.
Barrier to the Market
The rigidity of the material used to make these boots causes feet to sweat and does not provide the necessary flexibility to riders. This, in turn, limits the use of these boots and, as a result, has a negative impact on the market's growth. Nonetheless, companies are conducting research to find a suitable solution, and experts believe they will do so soon.
REGIONAL OUTLOOK:
Two regional markets for motorcycle boots stand out above the rest.
The first is Europe, which has a significant market share due to government regulations and the growing focus of key market participants in this region on product innovation to increase their customer base.
The second and most promising region is North America. North America has remained at the top due to its large pool of motorcycle riders and the popularity of bike racing events. Even in the near future, the scenario does not appear to change significantly. The American Motorcyclist Association hosts a number of motorcycle events that are extremely popular among Americans, particularly young adults.
Ask Us Your Questions About This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-15568
Key Takeaways
- Due to the ease of shopping and convenience provided by online stores, the online distribution channel is expected to grow at the fastest CAGR of 7.2%.
- Sport and race boots were the largest product segment, accounting for more than 60% of the market, and are expected to maintain their dominance.
- Europe has the largest global motorcycle boot market, accounting for 21.9% of the total.
- North America is the second largest global motorcycle boot market, accounting for 12.3% of the global market.
Key Segments
By Product Types:
- Racing Boot
- Street Boot
- Motocross Boot
- Harness Boot
- Others
By Raw Material:
- Leather
- Metal
- Composite material
- Other
By Distribution Channel:
- Online
- Offline
By Gender:
- Men
- Women
COMPETITIVE LANDSCAPE:
The global motorcycle boot market is relatively fragmented and competitive. Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, GAERNE USA, TCX S.r.l., FLY Racing, Dr. Scholl's Shoes, and Kenneth Cole New York are among the key players in this market.
To stay competitive, players in the global motorcycle boot market continue to launch new products.
- Icon 1000 recently debuted Varial Boot, a new line of motorcycle boots. Given their style and protection, these boots are considered a good buy in the mid-price range. Another new product on the market is Aether's Moto Boot, which is said to be safer but a little pricey.
- Alpinestars S.p.A. launched the Tech 10 series of riding gear, including riding boots, in July 2018. These riding shoes feature the most recent Front Flexion Control Frame technology, a resigned foot shell, and a slimmer outsole.
To Buy this Report Visit @ https://www.futuremarketinsights.com/checkout/15568
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer's
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
Have a Look at Related Research Reports of Consumer Product Insights
Platform Boots Market Size: The platform boots market is anticipated to grow at a mild CAGR of 3.8% during the forecast period.
Desert Boots Market Share: The global desert boots market is expected to reach a market valuation of US$ 657.9 Million by the year 2022, accelerating with a moderate CAGR of 4.8% by 2022-2032
Cowgirl Boots Market Trend: The cowgirl boots market is expected to achieve approximately US$ 248.8 Million in value by 2032, up from US$ 413.1 Million in 2022, at a CAGR of 4.2% from 2022 to 2032.
Cotton Candy Maker Market Type: In 2022, the global cotton candy maker market is estimated to be valued at US$ 107.2 Bn. The market is anticipated to reach nearly US$ 169.3 Bn by 2032, with a CAGR of 4.7% from 2022 to 2032.
Doula and Birth Coaching Services Market Sale: From US$ 13,480 million in 2022 to US$ 24,600 million in 2032, the doula and birth coaching services market is expected to grow. According to FMI, the market is expected to have an adequate CAGR of 6.2% during the forecast period.
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the market intelligence engine from Future Market Insights.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg
Share this article