The
global Riding Boots Market size is expected to reach USD
2.18 billion by 2025, exhibiting a CAGR of 6.1% during the forecast period,
according to a new report published by Grand View Research, Inc. Increasing
enthusiasm for cruiser, sport, and dirt bikes for long road trips and
adventurous off-roading is expected to be a key growth driver. Rising road
safety awareness in order to prevent the road traffic crashes is anticipated to
drive the market demand for various safety gear including riding boots.
Stringent
government policies to encourage motorcycle safety and adoption of safety
gears, such as riding shoes for riders as well as pillions is expected to
positively influence the market growth. Rising incidence of road crashes is one
of the major challenges for the governments and authorities. Introduction of
effective and sustainable safety solutions for such accidents is expected to
further drive the product demand. According to the Global Status Report on Road
Safety 2018, published by the World Health Organization (WHO), in 2016, 1.35
million people lost lives in various motorbike and road traffic accidents.
Rising awareness regarding rider safety is expected to drive the bike shoes
market over the forecast period.
Sport
and race boots was the largest product segment in the market, with a share of
more than 60% in 2018 and is anticipated to continue its dominance during the
forecast period. Key manufacturers offer innovative boots, developed from
composites materials for utmost safety and comfort. For instance, in July 2018,
Alpinestars S.p.A launched a newest series of riding gears including riding
boots called Tech 10. These boots are designed using latest Front Flexion
Control Frame technology with resigned foot shell and slimmer outsole.
According to the company, the new buckles added to the footwear are durable and
better to operate. Such product launches are anticipated to boost the bike gear
market over the forecast period.
Europe
was the largest market, with a share of more than 30.0% in 2018. Strong
foothold of largest sports bike manufacturers including Ducati, Aprilia,
Benelli, and Cagiva is expected to ensure the continuous popularity of
motorcycling in Europe and thus, in turn, will expand the scope of riding
footwear over the next few years. Key product manufacturers, such as
Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, and TCX
S.r.l., focus on launching new products to gain greater consumer base.
Request
a sample copy or view summary of this report@ https://www.grandviewresearch.com/industry-analysis/riding-boots-market
Further
key findings from the report suggest:
- Asia Pacific is expected
to register the fastest CAGR of 6.6% from 2019 to 2025, owing to
implementation of road safety rules along with the strong foothold of
motorbike consumers in countries including China, Japan, South Korea, and
India
- Cruising and touring
riding shoes market is expected to witness the fastest CAGR of 6.3% from
2019 to 2025 owing to rising popularity of long road trips as a recreational
activity
- Online distribution
channel segment is anticipated to register the fastest CAGR of 6.8% from
2019 to 2025, as these channels offer high level of convenience to the
consumers
- Key market players include
Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing,
GAERNE USA, Harley-Davidson, Inc., Royal Enfield, SULLIVAN'S INC., and TCX
S.r.l.
About Us:
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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