SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled «Riding Boots – Global Market Trajectory & Analytics». The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1028
Companies: 55 – Players covered include Alpinestars S.p.A; Dainese S.p.A; Dan Post; Dingo; Durango; FLY Racing; FOX; Frye; GAERNE USA; Irish Setter; Justin Boots; LeMans Corporation; Lucchese; Old Gringo; Rocky; Roper; Stetson; TCX S.r.l.; Tony Lama and Others.
Coverage: All major geographies and key segments
Segments: Product (Sport & Race Boots, Cruising & Touring Boots, Adventure & Dual Sport Boots); Distribution Channel (Offline, Online)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Riding Boots Market to Reach $2.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Riding Boots estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Sport & Race Boots, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$1.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cruising & Touring Boots segment is readjusted to a revised 5.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $494 Million in 2021, While China is Forecast to Reach $370.5 Million by 2026
The Riding Boots market in the U.S. is estimated at US$494 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$370.5 Million by the year 2026 trailing a CAGR of 4.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Adventure & Dual Sport Boots Segment to Reach US$287.2 Million by the year 2026
In the global Adventure & Dual Sport Boots segment, USA, Canada, Japan, China and Europe will drive the 4.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$179.6 Million in the year 2020 will reach a projected size of US$238.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.