“Global Motorcycle Footwear Market to reach a market value of USD 3.6 Billion by 2031 growing at a CAGR of 6.3%”
The Global Motorcycle Footwear Market size is expected to reach $3.6 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 7,414.6 thousand units, experiencing a growth of 25.8% (2020-2023).
The Europe region's extensive network of roads, diverse landscapes, and favorable riding conditions contribute to a large and active motorcycling community. Thus, the Europe region acquired 34.5% revenue share in the market 2023. With more people owning motorcycles in Europe, the overall market size for motorcycle footwear has expanded. This increase in motorcycle ownership creates a larger customer base for its manufacturers and retailers, driving sales volume and revenue within the market.
Motorcycle riders are highly vulnerable to injuries in accidents due to the lack of protective barriers around them. Motorcycle footwear protects riders' feet and ankles from impacts, abrasions, and burns in case of crashes or falls. As safety concerns become more prominent among riders, there's a growing demand for footwear that offers enhanced protection.
Additionally, as economies grow and urbanization increases, more people enter the middle class and seek affordable transportation options, thus driving up motorcycle ownership. Thus, the rising motorcycle ownership globally is propelling the market's growth.
However, Motorcycle footwear often has a higher price tag than regular footwear due to the specialized materials, construction techniques, and safety features required for motorcycle riding. For budget-conscious consumers, the cost of motorcycle boots may be prohibitive, leading them to opt for cheaper alternatives or forego purchasing motorcycle-specific footwear altogether. In conclusion, the high cost of motorcycle footwear is hampering the market's growth.
On the basis of gender, the market is segmented into men and women. The men segment recorded 82.8% revenue share in the market in 2023. In the terms of volume, the men segment attained volume of 6,335.6 thousand units in the market 2023.Historically, men have been more likely to participate in motorcycling activities compared to women.
Based on product type, the market is divided into casual boots, adventure & touring boots, racing boots, and motocross boots. The casual boots segment attained 28.7% revenue share in the market in 2023. Casual boots allow riders to express their style and fashion preferences on and off the bike.
Based on distribution channel, the market is categorized into offline and online. In 2023, the offline segment registered 79.9% revenue share in the market. In terms of volume the online segment attained volume of 5,468.8 thousand units in the market 2023.Offline retailers offer a personalized shopping experience that online channels often cannot replicate. Customers can physically try different styles and sizes of motorcycle footwear.
Free Valuable Insights: Global Motorcycle Footwear Market size to reach USD 3.6 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 30.2% revenue share in the market. Motorsports, including motorcycle racing, motocross, and off-road competitions, are popular activities in North America.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 2.3 Billion |
| Market size forecast in 2031 | USD 3.6 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.3% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 302 |
| Number of Tables | 670 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Gender, Product Type, Distribution Channel, Region |
| Country scope |
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| Companies Included | Dainese S.p.A (The Carlyle Group), Alpinestars, Wolverine World Wide, Inc., Polaris, Inc., SIDI SPORT S.R.L. (Italmobiliare S.p.A.), Harley-Davidson, Inc., Gaerne Spa, FORMABOOTS S.p.a., Frey daytona GmbH & Co. KG, FLY Racing |
By Gender (Volume, Thousand Units, USD Billion, 2020-2031)
By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
The Market size is projected to reach USD 3.6 billion by 2031.
Increasing emphasis on safety are driving the Market in coming years, however, High cost of motorcycle footwear restraints the growth of the Market.
Dainese S.p.A (The Carlyle Group), Alpinestars, Wolverine World Wide, Inc., Polaris, Inc., SIDI SPORT S.R.L. (Italmobiliare S.p.A.), Harley-Davidson, Inc., Gaerne Spa, FORMABOOTS S.p.a., Frey daytona GmbH & Co. KG, FLY Racing
In the year 2023, the market attained a volume of 7,414.6 thousand units, experiencing a growth of 25.8% (2020-2023).
The Adventure & Touring Boots segment is leading the Market by Product Type in 2023; thereby, achieving a market value of $1.3 billion by 2031.
The Europe region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.2 billion by 2031.
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