Motorcycle Footwear Market

Global Motorcycle Footwear Market Size, Share & Trends Analysis Report By Gender (Men, and Women) By Product Type, By Distribution Channel (Offline, and Online), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22031 Publication Date: April-2024 Number of Pages: 302
2023
USD 2.3 Billion
2031
USD 3.6 Billion
CAGR
6.3%
Historical Data
2020 to 2022

Market Report Description

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 Europe region's extensive network of roads, diverse landscapes, and favorable riding conditions contribute to a large and active motorcycling community. Thus, the Europe region acquired 34.5% revenue share in the market 2023. With more people owning motorcycles in Europe, the overall market size for motorcycle footwear has expanded. This increase in motorcycle ownership creates a larger customer base for its manufacturers and retailers, driving sales volume and revenue within the market.

Motorcycle Footwear Market Size - Global Opportunities and Trends Analysis Report 2020-2031

Motorcycle riders are highly vulnerable to injuries in accidents due to the lack of protective barriers around them. Motorcycle footwear protects riders' feet and ankles from impacts, abrasions, and burns in case of crashes or falls. As safety concerns become more prominent among riders, there's a growing demand for footwear that offers enhanced protection.

Additionally, as economies grow and urbanization increases, more people enter the middle class and seek affordable transportation options, thus driving up motorcycle ownership. Thus, the rising motorcycle ownership globally is propelling the market's growth.

However, Motorcycle footwear often has a higher price tag than regular footwear due to the specialized materials, construction techniques, and safety features required for motorcycle riding. For budget-conscious consumers, the cost of motorcycle boots may be prohibitive, leading them to opt for cheaper alternatives or forego purchasing motorcycle-specific footwear altogether. In conclusion, the high cost of motorcycle footwear is hampering the market's growth.

Driving and Restraining Factors
Motorcycle Footwear Market
  • Increasing emphasis on safety
  • Ongoing technological advancements in safety and comfort
  • Rising motorcycle ownership globally
  • High cost of motorcycle footwear
  • Increasing competition from other footwear categories
  • Growth of e-commerce and omnichannel retailing
  • Rise of adventure and touring riding
  • Stringent safety regulations and standards
  • Increasing counterfeit products and low-quality imitations

By Gender Analysis

On the basis of gender, the market is segmented into men and women. The men segment recorded 82.8% revenue share in the market in 2023. In the terms of volume, the men segment attained volume of 6,335.6 thousand units in the market 2023.Historically, men have been more likely to participate in motorcycling activities compared to women.

Motorcycle Footwear Market Share and Industry Analysis Report 2023

By Product Analysis

Based on product type, the market is divided into casual boots, adventure & touring boots, racing boots, and motocross boots. The casual boots segment attained 28.7% revenue share in the market in 2023. Casual boots allow riders to express their style and fashion preferences on and off the bike.

By Distribution Channel Analysis

Based on distribution channel, the market is categorized into offline and online. In 2023, the offline segment registered 79.9% revenue share in the market. In terms of volume the online segment attained volume of 5,468.8 thousand units in the market 2023.Offline retailers offer a personalized shopping experience that online channels often cannot replicate. Customers can physically try different styles and sizes of motorcycle footwear.

Free Valuable Insights: Global Motorcycle Footwear Market size to reach USD 3.6 Billion by 2031

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 30.2% revenue share in the market. Motorsports, including motorcycle racing, motocross, and off-road competitions, are popular activities in North America.

Motorcycle Footwear Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 2.3 Billion
Market size forecast in 2031 USD 3.6 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 6.3% from 2024 to 2031
Quantitative Data Volume in Thousand Units, Revenue in USD Billion, and CAGR from 2020 to 2031
Number of Pages 302
Number of Tables 670
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Gender, Product Type, Distribution Channel, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Dainese S.p.A (The Carlyle Group), Alpinestars, Wolverine World Wide, Inc., Polaris, Inc., SIDI SPORT S.R.L. (Italmobiliare S.p.A.), Harley-Davidson, Inc., Gaerne Spa, FORMABOOTS S.p.a., Frey daytona GmbH & Co. KG, FLY Racing
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Recent Strategies Deployed in the Market

  • Oct-2023: SIDI SPORT S.R.L came into partnership with Helmet House, a leading distributor in the motorcycle and power sports industry. Through this partnership, SIDI SPORT S.R.L would enhance its distribution network in the United States.
  • Jun-2023: Gaerne Spa introduced the "Gaerne SG.22 motocross boot". Besides the traditional strap adjustment, the upper locking lever of the SG.22 offers three adjustable positions. When combined with the two positions provided by the new Frontal Shin Guard, this system allows for various configurations to enhance fit and facilitate the insertion of knee protectors.
  • Dec-2022: Dainese S.p.A came into partnership with Tucker Powersport, a US-based sporting goods manufacturing company. Through this partnership, Dainese S.p.A would enhance its product portfolio and market presence in the United States.
  • Jul-2022: Dainese SpA I came into partnership with Momodesign, an Italian design company. Through this partnership, Dainese S.p.A would create a fresh lineup of apparel, footwear, helmets, and accessories tailored for urban mobility and outdoor activities.
  • Aug-2021: Wolverine World Wide, Inc. took over Sweaty Betty, a women's sportswear manufacturing company. Through this acquisition, Wolverine World Wide, Inc. would transform specific footwear ventures into lifestyle brands by leveraging Sweaty Betty's expertise in apparel and accessories.

List of Key Companies Profiled

  • Dainese S.p.A (The Carlyle Group)
  • Alpinestars
  • Wolverine World Wide, Inc.
  • Polaris, Inc.
  • SIDI SPORT S.R.L. (Italmobiliare S.p.A.)
  • Harley-Davidson, Inc.
  • Gaerne Spa
  • FORMABOOTS S.p.a.
  • Frey daytona GmbH & Co. KG
  • FLY Racing

Motorcycle Footwear Market Report Segmentation

By Gender (Volume, Thousand Units, USD Billion, 2020-2031)

  • Men
  • Women

By Product Type (Volume, Thousand Units, USD Billion, 2020-2031)

  • Adventure & Touring Boots
  • Casual Boots
  • Racing Boots
  • Motocross Boots

By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)

  • Offline
  • Online

By Geography (Volume, Thousand Units, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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