Motorcycle Footwear Market to Reach $4.1 Billion, Globally, by 2032 at 6.2% CAGR: Allied Market Research

The expansion of the global motorcycle market and increase in focus on rider safety act as the key driving forces of the global motorcycle footwear market.

WILMINGTON, Del., April 1, 2024 /PRNewswire/ — Allied Market Research published a report, titled, Motorcycle Footwear Market by Product Type (Casual Boots, Adventure & Touring Boots, Racing Boots, and Motocross Boots), Gender (Men and Women), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the motorcycle footwear market was valued at $2,222.4 million in 2022, and is estimated to reach $4,051.1 million by 2032, growing at a CAGR of 6.2% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A06494 

Prime Determinants of Motorcycle Footwear Market Growth

The growth of the global motorcycle footwear market is driven by factors such as rise in demand for specialized protection motorcycle footwear and increase in sales of motorcycles globally. However, high costs and availability of protection gear alternatives restrict the market growth. On the contrary, high growth potential in emerging economies and surge in demand for motorcycle are expected to offer new opportunities for the expansion of the global market in the coming years.

Report Coverage & Details

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size In 2022

$2,222.4 Million

Market Size In 2032

$4,051.1 Million

CAGR

6.2 %

No. Of Pages In Report

230

Segments Covered

Product Type, Gender, Distribution Channel, And Region

Regional Scope

North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa

Country Scope

U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Argentina, Saudi Arabia, South Africa, And United Arab Emirates

Drivers

Rise In Motorcycle Ownership

Increase In Interest In Motorcycling Culture

Stringent Safety Regulations

Opportunities

Customization And Personalization

Restraints

High Cost

Limited Product Awareness

Procure Complete Report (230 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3TInY3T 

The adventure & touring boots segment to maintain its leadership status throughout the forecast period

By product type, the adventure & touring boots segment dominated the market in 2022 accounting for more than two-fifths of the market share and is expected to dominate the market during the forecast period. This is attributed to the fact that in the past decade, the motorcycling culture for long tours among riders has gained popularity. Therefore, the requirement for safety accessories such as touring boots has increased in the market. Manufacturers have also recognized the demand for touring boots and therefore have started to introduce new products in the market to gain the interest of the consumers.

The men segment to maintain its leadership status throughout the forecast period

By gender, the men segment dominated the market in 2022 accounting for more than fourth-fifths of the market share and is expected to dominate the market during the forecast period. This dominance is attributed to men’s historical presence in the motorcycle community as well as their increased engagement in riding activities. Motorcycle gear has always been intended to meet the demands and preferences of males, including size, style, and utility.

The offline segment to maintain its lead position during the forecast period

On the basis of the distribution channel, the offline segment dominated the market in 2022, accounting for more than fourth-fifths of the market share and is expected to maintain its dominance during the forecast period. Offline stores serve as important hubs for riders and enthusiasts to physically engage with and evaluate a wide selection of motorcycle safety accessories. The success and domination of offline stores in the motorcycle footwear industry stems from their ability to provide a hands-on experience, allowing buyers to feel the size, quality, and comfort level of motorcycle footwear before purchasing.

Europe to maintain its lead position during the forecast period

Region wise, Europe dominated the market in 2022 accounting for less than one-third of the market share and is expected to maintain its dominance during the forecast period. Europe features a huge number of motorcycle enthusiasts, an extensive motorcycling culture, and a strong infrastructure for motorcycle-related events. In addition, implementation of stringent safety laws and a strong awareness of the significance of protective gear among riders drive the demand for motorcycle footwear in Europe. Furthermore, the presence of significant market players as well as constant technical improvements contribute to the region’s dominance in the motorcycle footwear industry.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/A06494 

Leading Market Players: –

  • Alpinestars
  • SIDI
  • TCX Boots
  • Dainese
  • REV’IT!
  • Gaerne
  • Forma Boots
  • Daytona Boots
  • Falco
  • O’Neal

The report provides a detailed analysis of these key players in the motorcycle footwear market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Consumer Goods Industry:

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research

Originally published at https://www.prnewswire.com/news-releases/motorcycle-footwear-market-to-reach-4-1-billion-globally-by-2032-at-6-2-cagr-allied-market-research-302104396.html
Some images courtesy of https://pixabay.com