MOTORCYCLE BOOT MARKET ANALYSIS

Motorcycle Boot MarketSize and Trends

Market Dynamics

• Increasing disposable income and rising awareness about the benefits of motorcycle boots among the people are main factors for driving growth of motorcycle boots market. There are various advantages associated with the use of motorcycle boots such as it protects ankle and feet of riders, helps in maintaining balance of motorcycle, shields the rider from harsh climatic conditions such as rain, excessive heat and winds, and others. Motorcycle boots are extensively adopted by motorcycle riders as it helps in averting accidents and fatalities. The mentioned reasons will help in growth of motorcycle boots market in the near future.
• High popularity of motorcycle boots across the globe is creating huge opportunities for growth of motorcycle boot market. According to a report by Governors Highway Safety Association on Motorcyclist Traffic Fatalities, 2018, motorcyclist fatalities in the U.S. are expected to have decreased by 5.6% in 2017 compared to 2016.
• However, motorcycle boots are not suitable for everyone because it does not provide flexibility to the rider’s leg and often let it sweat due to the rigid material of the product, which is a major factorhampering growth of motorcycle boots market.

Market Trends

• Among product types, racing boots segment accounted for the highest market share in the motorcycle boot market in 2017. Racing boots are more prevalent in the market due to increasing motorcycle racing events across the globe. Other health benefits of racing boots includes improved cardiovascular health, increased fertility, and healthy skin.
• Among raw materials, faux leather segment dominated the motorcycle boot market in 2017. Due to health and environmental issue leather is discouraged to be used as a raw material and faux leather gives leather-like finish and it is inexpensive, the segment is projected to dominate in the market over the forecast period.
• North America held the highest market share in the global motorcycle boot market in 2017. The region is projected to maintain its dominance over the forecast period, owing to increasing number of motorcycle riders for motorcycle racing events. There are some prominent motorcycle rally events which are organized in the United States such as Daytona Bike Week (January 1937), Sturgis Motorcycle Rally (August 1938), Laconia Motorcycle Week (June 1923), and Americade (May 1983). These motorcycle events are annual events.
• Asia Pacific is projected to be the fastest growing region in the motorcycle boot market over the forecast period. Key factors such as rising awareness towards safety of feet and increase in the racing events in emerging economies such as China and India are creating immense opportunities for growth of motorcycle boot market. Currently, online platforms such as The Dream Riders, Indian Motorcycle Rider Group, Motorbike Europe, and others, organizes motorcycle rallies and trips monthly, which will increase the demand for motorcycle boots.