The riding boots market is in the fast lane, projected to reach a value of US$ 3.5 billion by 2033. This growth trajectory reflects a moderate yet steady CAGR (Compound Annual Growth Rate) of 6.4%. But what’s fueling this rise in popularity? Buckle up as we explore the key drivers:
Safety First:
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Protection is Paramount: The core function of riding boots is to shield the rider’s legs from harm. Their design prioritizes ankle, heel, toe, and shin protection, making them essential gear for professional bikers and adventure enthusiasts alike.
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Safety Awareness on the Rise: Millennials and professional motorcycle riders are increasingly prioritizing safety. This trend translates to a higher demand for quality riding boots.
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Beyond the Racetrack: Riding gear isn’t just for professional racers anymore. More people are adopting safe practices for activities like road trips, adventure touring, and long motorcycle journeys, leading to a rise in riding boot usage.
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Function Meets Comfort:
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Durability with Comfort: Riding boots are crafted to be tough yet comfortable. They offer protection from road hazards like oil and gasoline while ensuring a smooth ride.
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Safety Features Integrated: From toe sliders and shift pads to closure straps, heel counters, and specialized soles, every element of a riding boot works together to provide optimal security for the rider.
A Market with Momentum:
The riding boots market is fueled by a growing safety consciousness among riders. As more people prioritize protection during recreational and professional riding activities, the demand for riding boots is expected to continue its upward climb. So, whether you’re a seasoned biker or a new adventurer, investing in a good pair of riding boots might be your best bet for a safe and comfortable ride.
Demand for riding boots, gloves, helmets, and elbow and knee guards is expected to rise as more people become concerned about pillion and rider safety. Riding boots are designed to protect the rider’s feet from the high temperatures generated by motorcycle engines and from any damage sustained in the event of an accident.
Over the forecast period, the global riding boots market anticipates rising demand due to rising awareness of these benefits. Authorities and governments everywhere are struggling to cope with the rising number of traffic collisions and fatalities. Demand is expected to rise in the global riding boots market as new and improved safety solutions for these kinds of incidents are introduced.
The demand for riding boots has increased, especially among younger people, as a result of the growing popularity of riding boots during the pursuit of horseback riding as a leisure activity to ensure the rider’s safety. The rise in sales of riding boots can be attributed to an increase in awareness among athletes who compete in the Olympics, as well as a rise in the number of people who engage in racecourses and biking as a sport that adheres to severe laws regarding the required safety gear.
As a result of people’s increased awareness regarding the importance of protecting their ankles, toes, foot bones, and the area surrounding their feet, there has been a surge in the use of fastening riding boots, which also provide higher comfort and performance when riding.
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Key Takeaways
- In 2021, sport and race boots held more than 60.0% of the market share, and this trend is expected to continue through the end of the forecast period.
- The growing awareness about the functions of the riding boots is expected to increase the adoption of riding boots.
- Due to the great convenience and ease of purchasing offered by online businesses, this distribution channel of the riding boots market is expected to see the quickest CAGR of 7.4%.
- The riding boots market is anticipated to reach a valuation of US$ 3,400 Million by 2032.
- North America is the fastest growing region for the riding boots market with a market share of 67%.
Competitive Landscape for the Riding boots Market
During the foreseeable future, major riding boots industry players are expected to confront intense competition. Brands like Spartan ProGear Co., Mountain Horse, LM Boots, and El Paso’s own Tres Outlaws Boot Company aim to modernize the footwear market by producing designs with increased softness, long-lasting materials, riding boots with high protective shields, water-resistant properties, and the right shape and size, and by releasing new riding boots in bulk at discounts.
Recent Development in the Market
The new collection of Western-inspired boots from Lucchese and Ram is expected to be released in December 2021. A unique partnership between Wolverine, a 138-year-old boot and clothing manufacturer, and Ram Truck, the “Built to Serve” firm, was announced just a few months ago for a line of boots modelled after Ram’s product line. Ram Trucks has now announced a partnership with Lucchese, a bookmaker in El Paso, Texas.
Riding boots Market by Segmentation
By Product:
- Sport & Race Boots
- Cruising & Touring Boots
- Adventure & Dual Sport Boots
By Distribution:
- Offline
- Online
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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