Bicycle & Motorcycle Helmets Market

Bicycle & Motorcycle Helmets Market

Bicycle & Motorcycle Helmets Market- By Product, and Distributional Channel;

Market Synopsis:

Global Bicycle & Motorcycle Helmets Market is valued at USD 7.1 Billion in 2021 and is projected to reach a value of USD 15.5 Billion by 2028 at a CAGR of 13.60% over the forecast period.

The growing number of bicycle riders is driving the growth of the the global demand for bicycle helmets. There are severe laws in place regulating the adoption of helmets during riding, which are also expected to fuel the global market, primarily with the increase in motorcycle sales. Motorsports and national and international level racing championships are becoming more popular which positively impacts the growth of the bicycle during the forecast period. To maintain a competitive advantage in the bicycle and motorcycle helmets industry, key manufacturers are continuously emphasizing on technical developments. Market competitors are focused on product development and research and development to support the markets expanding demand for bicycle and motorcycle helmets. Furthermore, the health benefits associated with riding are leading to a rise in the number of bicycle riders. Also, Bicycle sales are increasing significantly due to COVID-19. will have a direct and considerable impact on global demand for bicycle and motorcycle helmets. Due to an increase in adventure activities such as traveling by motorbike to tourist destinations and adventure rides, consumers are shifting their preference to bicycle and motorcycle helmets, which is expected to increase the market demand. Also, the market is expected to grow as individuals are becoming more aware of the risks of drinking and due to lack of awareness about road safety standards among the rural population. The major factors which are restraining the growth of the global bicycles and motorcycle helmets are lack of awareness, less strict legislation in terms of implementation, and a lack of emphasis on the necessity of road safety among individuals from developing countries.

Market Segmentation:

The Bicycle & Motorcycle Helmets market is segmented based on distributional channel, and product type. Based on product, the market is segmented as full half face, half face and open face. Based on distributional channel, the market is segmented as offline and online.

Based on application-

Based on product, the market is segmented as full face, half face and open face. The full-face segment holds the largest share in the global market during the forecast period. The company players are using innovative technology ad safe and to reduce the weight of these helmets and make them more comfortable to wear and safer to use, they are using material like fiberglass reinforced plastic and carbon fiber. Furthermore, suppliers are designing the helmets with technological tools such as Connectivity options to create new economic opportunities over the upcoming years.

Based on distributional channel -

Based on distributional channel, the market is segmented online and offline. The online channel is anticipated to grow at the highest rate during the forecast period. Consumer preferences are also influenced by e-commerce websites, Google Ads, and social media. Smartphones and high-speed internet connectivity are expected to increase the use of digital platforms for purchasing motorcycle helmets in developing economies such as India, Vietnam, Indonesia, and China. For increasing the sales in the digital world, companies are launching their own website so that customers can buy real products straight from the source.

Asia Pacific is projected to grow at the highest CAGR during the forecast period

Asia Pacific is accounted to grow at the highest CAGR during the forecast period. The key factor responsible for the growth in this region is increasing disposal income among consumers. The other factors driving the growth of the region include industrialization, government policies, infrastructure development, rise in number of motorbikes government regulations on safety, government initiatives and expansion of online channels especially in countries such as China and India. Also, key players are introducing tempting designs and well-established portfolios for on-road, off-road, sports, and mountain bikes, which is projected to boost the sales of bicycle and motorcycle helmets.

Competitive Landscape:

The key players in the Bicycle & Motorcycle Helmets market include-Daises Spa; HJC Europe S.A.R.L; Shoe Co. Ltd; Arai Helmet Ltd; Alpine stars S.p.A; Schubert GmbH BELL HELMET; FOX; STUDDS Accessories Limited; Royal Enfield; Caber Sep.

Segmentation of Bicycle & Motorcycle Helmets Market:

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