According to a new report, published by KBV research, 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 Women segment is anticipating a CAGR of 7.7% during (2024 - 2031). There has been a significant increase in women participating in motorcycling activities in recent years. As more women embrace motorcycling as a hobby, mode of transportation, or lifestyle choice, there is a growing need for specialized gear, including motorcycle footwear, designed specifically for women riders. This increase in female ridership contributes to the rising demand for motorcycle footwear in the women's segment.
The Adventure & Touring Boots segment is leading the Global Motorcycle Footwear Market by Product Type in 2023; thereby, achieving a market value of $1.3 billion by 2031. Adventure and touring boots are designed to perform well in a wide range of riding conditions, making them highly versatile. Whether riders are commuting through city streets, touring long distances on highways, or exploring rugged off-road trails, these boots offer the versatility to handle diverse riding environments easily.
The Online segment is registering a CAGR of 7.5% during (2024 - 2031). Online shopping offers unparalleled convenience, allowing customers to browse and purchase motorcycle footwear from the comfort of their own homes or on the go. With online retailers, customers can shop anytime or night, eliminating the need to visit physical stores during operating hours. Busy people who do not have the time or chance to visit physical brick-and-mortar establishments will find this convenience appealing.
Full Report: https://www.kbvresearch.com/motorcycle-footwear-market/
The Europe region dominated the Global Motorcycle Footwear 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. The Asia Pacific region is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 5.9% during (2024 - 2031).
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)
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