July 19, 2024
Motorcycle Boot Market

Higher safety concerns projected to boost growth of the Global Motorcycle Boot Market

The global Motorcycle Boot Market is estimated to be valued at US$ 612.42 Million in 2023 and is expected to exhibit a CAGR of 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Motorcycle boots are specialized footwear designed for motorcycle riding that provide greater levels of protection than regular shoes or sneakers. They are made from durable leather or synthetic materials and have reinforced toe boxes, heels, and soles to protect the feet and ankles in case of accidents. Many motorcycle boots also have ankle protection, slip-resistant and abrasion-resistant outsoles, and sometimes incorporate armor inserts at impact zones for enhanced safety of bikers. The boots create a strong bond with the bike’s foot pegs allowing riders to securely maneuver the vehicle even at high speeds.

Market key trends:
One of the key trends in the motorcycle boot market is the increasing incorporation of advanced technologies in boot designs for enhanced comfort and safety. Some boots are now equipped with removable or adjustable armor plates, breathable yet durable waterproof fabrics, reflective accents for improved night visibility and Bluetooth connectivity for communication. The growing popularity of premium and luxury touring motorcycles and rising athletic riding among bikers have also fueled demand for high-performance boots with superior grip, shock absorption and freedom of movement. Furthermore, the launch of fashionable and lifestyle-specific boot lines by leading brands is boosting the market growth.
Porter’s Analysis

Threat of new entrants: Low capital requirements for manufacturing and emerging technologies lower the threat for new entrants.

Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes and undifferentiated products.

Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials are easily available.

Threat of new substitutes: Substitutes like safety shoes offer low threat due to strong brand loyalty of customers towards motorcycle boots.

Competitive rivalry: Intense competition exists among established players to gain higher market share.

Key Takeaways

The global Motorcycle Boot Market Growth is expected to witness high growth, exhibiting CAGR of 3.8% over the forecast period, due to increasing use of motorcycle boots for protection during rides. The global market size for motorcycle boots was US$ 612.42 Mn in 2023.

Regionally, Asia Pacific dominated the global market in 2023 with over 35% market share due to higher motorcycle production. China, India and Japan are the key countries contributing to region’s large market size. Europe and North America also captured significant market shares and are expected to grow at moderate rates during the forecast period.

Key players operating in the motorcycle boot market are Alpinestars S.p.A, LeMans Corporation, Dainese S.p.A, FOX, FLY Racing, GAERNE USA, TCX S.r.l., FLY Racing, Dr. Scholl’s Shoes, and Kenneth Cole New York. Key players focus on new product launches and partnerships with motorcycle brands to increase sales.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it