Riding Boots Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global riding boots market size was accounted for USD 1.44 billion in the year 2018. It is expected to grow at 6.1% CAGR from 2019 to 2025. The increased awareness regarding safety measures among professional motorcycle riders and millennials is predicted to drive market growth. The growing use of adventure touring, professional championships, and riding gear is expected to boost the market growth. Furthermore, the increasing number of road accidents and injuries worldwide is predicted to surge the demand for riding boots over the years.

Over the years, the inclination towards adventure motorcycling and motorbikes has increased among the youth population, which, in turn, has fueled the demand for riding boots. The growing popularity of dirt bikes and cruisers is predicted to supplement the product requirement. Furthermore, ease of parking of motorbikes along with better fuel usage and low ownership costs make them more preferable against four-wheeled vehicles.

The increasing awareness for safe driving is expected to surge the demand for different riding gear like helmets, riding boots, elbow and knee guards, and gloves. The riding boots safeguard the driver against the high heat generated from the engines and other injuries caused by accidents. These benefits are expected to increase in demand for safety equipment including riding boots in the upcoming years.

The rising number of road accidents is one of the prominent threats for the authorities and the government. The launch of sustainable and effective safety measures for these accidents is predicted to have a positive impact on the demand for riding boots. As stated by the Global Status Report on Road Safety 2018, issued by the World Health Organization (WHO), in 2016, around 1.35 million commuters died in different road and motorbike accidents. The growing concerns for safe riding are predicted to fuel the market demand in the near future.

Product Insights

Based on product, sport, and race boots held a market share of over 60% in 2018 and are expected to continue their lead in the riding boots market. Companies focus on offering innovative riding boots using metal, leather, plastic, and composite materials. These make the boots comfortable, safe, and light in weight. The key manufacturers like TCX S.r.l and Alpinestars S.p.A. are aiming to launch innovative products to capitalize on the increased demand. For example, Alpinestars S.p.A, in July 2018, introduced a range of riding gears that included riding boots named Tech 10. These boots are designed with the advanced Front Flexion Control Frame technology consisting of the slimmer outsole and resigned foot shell. The company states that the new buckles provided in the boots are better to operate and are durable.

Distribution Channel Insights

The online distribution channel is expected to grow at the fastest CAGR of 7.4% over the forecast period due to the convenience and ease of shopping provided to the customers. Online retailers like RevZilla, Amazon, and Alibaba aim at portraying riding shoes as the highlight among different products. Additionally, the e-commerce industry including Google Ads and social media helps in influencing customer preferences. Moreover, the increased penetration of smartphones along with high-speed internet in countries like Indonesia, Vietnam, India, and China is expected to boost the segment over the years.

The offline channel accounted for a market share of over 75.0% in 2018. The rising number of retail outlets for protective gear and other riding accessories is expected to propel the demand for riding boots. For example, Royal Enfield, in December 2017, pitched into the protective gear and motorbike apparels market to provide for the ongoing demand in the Indian market. Such trends are expected to surge the offline sales of riding boots in the near future.

Regional Insights

Europe held the largest market with a share of 30% in 2018 due to the prevalence of renowned sports bike companies like Cagiva, Aprilia, Ducati, and Benelli. The major motorbike shoe manufacturing companies are focusing on product development and innovation to attract a larger customer base. For example, FOX, which is a major producer of motocross and mountain protective gear launched its newest series of riding boots in the name Fox 180 Boot in April 2018. These boots are produced with the advanced ActiveLock closure system that grants unrestricted maneuver of the calf during the bike ride. Such products are expected to drive market growth in the future.

Impact of COVID-19

There has been a significant drop in the demand for riding boots owing to the outbreak of COVID-19. The pandemic has resulted in the closure of various industrial operations leading to low production of rising boots. Further, disruption in the supply chain resulted in a lack of raw materials. In addition, a considerable decline in road traffic led to low demand for riding boots as people are forced to stay at their homes and work from home become new normal. However, with the systematic opening of lockdown, various activities are taking place and people and the market is estimated to witness significant demand over the next few years. Moreover, market players can focus on strengthening their online sales to consolidate their market position.

Riding Boots Market Share Insights

The key players include Alpinestars S.p.A, Dainese S.p.A, LeMans Corporation, FLY Racing, FOX, TCX S.r.l., and GAERNE USA. The market is scattered into a number of small and large players. The companies are focusing on product development and innovation to expand their customer base. The market players come up with various strategic schemes like product launches and mergers &acquisitions to expand their businesses. For example, FLY Racing, in July 2018, launched the latest FR5 boots with exclusive features like a 3-D molded plastic shift panel, pre-shaped molded plastic 3-D shin, and Thermoplastic Polyurethane (TPU) heel. These product launches are predicted to drive market growth over the forecast period.

Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global riding boots market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Sport & Race Boots
    • Cruising & Touring Boots
    • Adventure & Dual Sport Boots

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
        • Italy
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa