1:52 PM The changing dynamics in Riding Boots Market with covid-19 impact assessment |
| The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Riding Boots Market.
It was estimated prior to this unanticipated outbreak Riding Boots Market will reach CAGR of 5.8% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Riding Boots Market Insights
Riding boots market is likely to witness a healthy CAGR of 5.8% during the forecast period. The growing demand for riding boots is mainly due to increasing professional motorcycle riders and increasing safety concerns.
Market Share Analysis
Riding Boots Market Share: By Product Type
Based on the product type, the market is segmented as sport & race boots, cruising & touring boots, and adventure & dual sport boots. The sport & race boots segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. Riding boots are majorly made of composites material, plastic, leather, and metal. The composites material offers huge benefits such as lightweight, comfort, and safety, and these benefits are highly preferred by sports personnel.
Riding Boots Market Share: By Distribution Channel Type
Based on the distribution channel type, the riding boots market is segmented as offline and online. The offline segment leads the market and the online channel segment is estimated to be fastest growing in the coming years, owing to increase in preference of protective gears in various developing countries.
Riding Boots Market Share: By Region
In terms of regions, Europe is estimated to be the largest and Asia-Pacific to be the fastest-growing riding boots market during the forecast period, with Germany, France, and the UK being the major countries and the presence of large number of sports bike manufacturers such as Aprilia, Benelli, Cagiva and Ducati.
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