Global Bike Helmet Market Overview:
According to MarkNtel Advisors study the Global Bike Helmet Market size was valued at around USD 700 Million in 2023 & is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2024-30. This is because of the increase in road accidents that promotes rising awareness of road safety measures, leading to the flourishing demand for bike helmets. Bike accidents repeatedly happen due to fast driving, collisions, drinking and driving, etc. Nowadays road accidents have become a major challenge in terms of safety measures. The rise in injuries and regulations requiring on-road bikers to wear helmets are the driving forces behind the market growth & expansion. As per the research by MarkNtel, many countries have moved to make helmet use compulsory for bikers, including Australia, New Zealand, Namibia, Argentina, Costa Rica, Uruguay, Cyprus, and Singapore.
Key Findings of the Study: Bike Helmet market
Global Bike Helmet Market Challenge:
High Cost of Helmets Impeding Market Growth – Even after knowing that wearing helmets is very important while driving, it is a life savior, but it still discourages most budget-conscious consumers. This is because of the high cost, which can be one of the major challenges faced by the Bike Helmet Market. The cost of the helmet varies due to the type and performance of the helmet, brand, quality, etc., which makes them expensive. This is the reason behind the hindrance to the growth of the bike helmet industry’s size & volume.
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Scope of the Bike Helmet Market Report Segmentation
-By Type
· Road Helmets- Market Size & Forecast 2019-2030, USD Million
· Sports Helmets- Market Size & Forecast 2019-2030, USD Million
· Mountain Bike (MTB) Helmets- Market Size & Forecast 2019-2030, USD Million
-By Application
· Commuter & Recreational- Market Size & Forecast 2019-2030, USD Million
· Sports/Adventure- Market Size & Forecast 2019-2030, USD Million
-By Coverage
· Full-Coverage Helmets- Market Size & Forecast 2019-2030, USD Million
· Partial-Coverage Helmets- Market Size & Forecast 2019-2030, USD Million
· Open-Face Helmet- Market Size & Forecast 2019-2030, USD Million
-By Distribution Channel
· Offline- Market Size & Forecast 2019-2030, USD Million
· Online- Market Size & Forecast 2019-2030, USD Million
-By End User
· Adults- Market Size & Forecast 2019-2030, USD Million
· Kids- Market Size & Forecast 2019-2030, USD Million
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Geographical analysis:
-By Region
· North America
· South America
· Europe
· The Middle East & Africa
· Asia-Pacific
Asia-Pacific region is anticipated to present lucrative growth prospects in the coming years. This region gains maximum customer penetration across the globe. The reason behind this is the inclination towards the two-wheeler market by developing countries such as India, China, Indonesia, and Vietnam led to an increase in demand for the helmets. These countries are strong buyers of bike helmets and contribute to the uplifting growth of helmets globally.
Apart from this, increasing pollution concerns led to the downfall of petrol-based 2 wheelers, affecting the global market and slopes downward the growth graphs. However, demand for helmets again rises due to the introduction of electric two-wheelers. This helps in balancing the growth graphs of the region. In Parallel, the rapid urbanization in developing countries led to the development of the economy. This fostered major growth in the manufacturing sector and also boosted the growth of electric vehicles. These electric vehicles are used in food delivery, booking rides, speed post, courier services, etc., with mandatory helmets for rides. Hence increasing the demand for helmets. This results in the Asia-Pacific region playing a crucial role in the proliferation of demand for helmets.
Global Bike Helmet Industry Recent Development:
· In September 2023: KASK America, Inc. introduced a new series of Helmets for U.S. and Canadian Markets. The newly launched helmets are based on the requirements and preferences given by the consumers. This results in an upgraded helmet with extra protection and provides comfort with design technologies.
Current Landscape of Bike Helmet Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Bike Helmet market. The research report profiles major players, including
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· Vista Outdoor Operations LLC
· Dorel Sports
· Moon Helmet
· Trek Bicycle Corporation
· Specialized Bicycle Components
· MET-Helmets
· Uvex Sports
· KASK America, Inc.
· Arai Helmets
· SCOTT Sports
· Giant Bicycles
· POC Sports
· Orbea
· Limar Srl
· Others
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