The global riding boots market is expected to reach a market valuation of USD 1,942.3 million by the year 2023, accelerating with a moderate CAGR of 6.4% by 2023 to 2033. Riding boots market size is anticipated to be valued at about USD 3,544.5 million by 2033 end.
Protecting the rider’s ankles, toes, and heels from harm is a major concern in riding shoe design. Pro bike riders in competitions often wear these shoes. People resort to these types of products to protect their feet from riding adversity that can occur when they are out travelling long distances or in an uncertain landscape.
Shoes are also available to cater to the multi-functional needs of the user. For example, a variety of riding boots are also introduced on store shelves which can be used during equestrian needs. Further, the shoes are sturdy, yet flexible, protecting runners, cyclists and riders from road hazards like oil and gasoline. The toe slider, shift pad, closure straps, heel counter, and sole of the pair of riding boots all work together to give the rider significant protection from any risk.
Increasing safety awareness especially among millennials and professional motorcycle riders is expected to be a driving force for the expansion in volume of sales of the riding footwear market. The riding footwear industry is expected to expand on the back of an increasing number of various riding activities such as touring, adventure, and professional competition.
Attributes | Value |
---|---|
Riding boots Market Size (2023) | USD 1,942.3 million |
Riding boots Market Projected Size (2033) | USD 3,544.5 million |
Riding boots Market Value CAGR (2023 to 2033) | 6.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Over the past two decades, the market for riding shoes has grown exponentially as millennials have realized the importance of using them as a safety measure, the growing demand can be attributed to its growing popularity and increased awareness of riding as a leisure activity, thus improving the safety of the riders.
Behind the scenes, the increasing use of these products in international sports may be due to their increasing ability to provide safety and comfort at the same time. For example, increased use of these products in international events such as the Olympics, Grand Prix Motorcycle Racing (MotoGP), etc., have attracted a high number of consumers.
Increased awareness of the importance of protecting ankles, toes, and foot bones has led to an increase in the use of safety boots (riding), which provide compactness, comfort, and great strength during riding. These boots are durable and have various physiognomies such as a cushioned sole, lightweight, and ergonomic design, which has been an appealing factor for the buyers.
Rider’s boots are made of durable materials that provide traction to protect against wear and tear from constant friction. Moreover, paddock boots are popular because they are easy to put on and off, have a soft zipper fit, are made of lightweight microfibers, and have hyper-injected panels on the front and sides.
Moreover, they change their shape to ensure a better fit and are designed to maximize comfort and safety. Consequently, these products have driven up sales on the back of high-end product features, bringing paddock boots to the forefront of horse-riding gear.
Riding boots are popular because they are easy to put on and take off, have a flexible fit zip, are composed of lightweight microfiber, and have over-injected front and side panels. Increased sales of riding boots have resulted from these features, which result in riding boots with the right size and shape, ensuring a secure fit and design to maximize comfort and safety.
One of the factors expected to drive the riding boots market over the forecast period is the rapid emergence of organized sales channels, such as hypermarkets/supermarkets, sports stores, multi-brand stores, and specialty stores, which has significantly increased the distribution of riding boots and is, in turn, leading to the growth of organized retail in numerous countries.
The industry analysis articulates that protective riding gear such as boots, helmets, gloves, and elbow & knee pads will be in demand. This outcome can be credited to the increasing focus of brands on product development and the importance of protecting not only the rider but also the person on the pillion.
Motorcycles produce a significant amount of heat and there is always the possibility of risk to the rider getting his feet burnt from heat or injuries after an accident. The use of protective gear such as riding boots is anticipated to rise as the target populace gains insight into the various benefits tied to them.
Due to the great convenience and ease of purchasing offered by online businesses, this riding boots market distribution channel is expected to see the quickest CAGR of 7.4%. In addition, riding boots are quickly becoming a focal point for e-commerce sites like Amazon, Alibaba, and Revile.
Also significant is the impact of e-commerce platforms like social networking and Google Ads on consumer preferences. In addition, the segment's expansion is expected to be fuelled by the expanding middle class and the increased availability of smartphones and high-speed internet in emerging riding boots markets like China, India, Vietnam, and Indonesia.
Sport and race boots held significantly more than half of the market share in 2021 and this trend is expected to continue through the end of the forecast period. Currently, the industry offers a large variety of riding shoes which are manufactured from composites, metal, plastic, leather, and many more advanced materials.
They are light in weight, durable, strong in construction, and thermally insulating, thus, ideal for riding purposes. Alpinestars S. p. A. and TCX S. r. l. are among many other companies that continue to launch new products to cater to the ever-growing market of riders' boots.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The riding boots market in North America and Europe is anticipated to grow at a significant rate during the forecast period due to the rise in popularity of bike racing and horse riding as a sport, the increase in the number of professional motorbike racing and horse-riding players, and the growing number of people spending time in leisure and adventurous road activities in countries such as the United States, Canada, and Mexico. This is projected to surge the sale of riding boots in the region.
Due to the rapidly increasing number of premier leagues and championships in China, South Korea, Japan, Chinese Taipei, Australia, Kyrgyzstan, and other countries in Southeast Asia, it is anticipated that the riding boots market in the Asia Pacific is expected to expand at a significant growth rate over the course of the forecast period. This is likely to cause the riding boots market to expand at a faster rate than expected.
Major riding boots industry players are expected to confront intense competition in the foreseeable future. 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 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 modeled after Ram's product line. Ram Trucks has now announced a partnership with Lucchese, a bookmaker in El Paso, Texas.
The Teknit boot is a women's riding boot that blends comfort, performance, and functionality. It's made of 3D knit and adjusts to fit all body shapes for a perfect fit.
The Teknit boot provides as much support for feet and legs as a pair of running shoes. The boot's 3D Knit construction provides great stretch and breathability and can be molded to fit virtually any leg. The built-in stability arch in the sole provides support and transfers energy from the stirrup to the sole. The EVA midsole and anatomical heel cradle work together to provide the ultimate foot comfort. The calf has a double-layer grip that ensures a snug, comfortable fit and prevents the area from wearing out.
In the Equestrian and Workwear, Safety Products category of the Equitana Innovation Award, Teknit Boot came out on top. The Equitana Innovation Award is one of the most prestigious international equestrian accolades. The users and riders themselves made the pre-selections. Following the various votes, a final was held to determine the winner of each category.
Horse Pilot launched the Teknit Boot, one of the most comfortable riding boots, after three years of development, two patents pending, and 6000 hours of testing. A product that offers riders a true revolution and new sensations.
The United States generated higher demand in the global market in 2023.
North America market to grow at a maximum revenue through 2033.
Sport and race boots segment contributes a share of 60% of total production.
Online segment hold a maximum CAGR of 7.4% of the global market share.
From 2018 to 2022, the global market exhibited a 6.4% CAGR.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Sport & Race Boots 5.2. Cruising & Touring Boots 5.3. Adventure & Dual Sport Boots 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution 6.1. Offline 6.2. Online 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Alpinestars S.p.A 17.2. LeMans Corporation 17.3. Dainese S.p.A 17.4. FOX 17.5. FLY Racing 17.6. GAERNE USA 17.7. TCX S.r.l 17.8. Royal Enfield 17.9. Harley-Davidson, Inc. 17.10. Spartan ProGear Co 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Consumer Product Insights
View Reports