Press Release

Bike Helmet Market Projected to Expand at 4.5% CAGR, Reaching New Heights by 2030

The Global Bike Helmet Market size is valued at around USD 700 Million in 2023 & is projected to grow at a CAGR of 4.5 % during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. This is because nowadays road safety become a huge concern. Rising road accidents create an awareness of road safety. This led to an increase in the usage of bike helmets. Additionally, using the helmet while driving, reduces the risk of serious head traumas, brain injury, and even death. This increasing awareness helps in increasing the requirements for helmets and accelerates the growth of the bike helmet industry.

Additionally, government intervention in road safety measures also creates a huge impact on the helmet market, resulting in a rise in demand for the helmet industry. This is because in some countries it’s mandatory to wear a helmet while driving. Moreover, the innovation of smart helmets creates a new kind of curiosity in the consumer to use that featured helmet. This is due to the in-build special features in bike helmets. GPS, Map navigation, health monitoring, sensor data collection, humidity check, air quality check, live streaming camera, voice assistance, interconnected devices, etc., are some special features available in smart helmets. This facilitates rising the demand for the featured helmets and hence boosts the size & volume of the helmet industry.

In addition, the cost of the helmet is very high and cannot be afforded by all category customers. This somehow discourages budget-conscious customers from using helmets. This is the reason of declining the helmet market. However, on the other hand, as per the rising trend, the special features encourage youngsters to use smart helmets and catalyze the demand for helmets. In parallel, to promote smart helmets, many companies organize special events, offer briefings related to the benefits of smart helmets, and provide sample testing to consumers. This creates new hype in the consumers to use the helmets. This increased the demand for the helmet and led to the growth of the Global Bike Helmet Market, further states the research report, “Global Bike Helmet Market Analysis, 2024.”

Global Bike Helmet Market Segmentation Analysis

Online Channels Exhibit the Largest Market Share

Based on the channels, the market is further bifurcated into, offline channels and online channels. Online channels hold the largest market share. The inclination towards technology is in terms of internet availability, and the introduction of new smartphones accelerates the use of online platforms. This further assists in building the demand for helmets. Additionally, companies and brands avail special websites for their products which can help customers to purchase directly from the manufacturers without involving any middleman. This helps in providing helmets at an affordable price, resulting in increasing the sales of more helmets.

Also, online platforms facilitate various options for customers such as suitable modes of payment, better offers, comfortable deliveries, etc.  This led to boosting the global helmet industry in terms of size & volume.

Asia-Pacific to Lead the Market

Asia-Pacific region is anticipated to hold the largest market share in upcoming years. Due to the growing adoption of advanced technology which results in an increment in manufacturing of 2-wheelers at a large level. 2-wheelers are not only utilized for personal use but also promote the delivery of food, facilitating rides, etc. This demonstrates the crucial role of 2 wheelers in the growing economy. Also encourages the requirements for helmets. Moreover, countries such as India, China, Indonesia, and Vietnam are the major buyers that promote a rise in demand for helmets from this region.

On the other hand, the increasing pollution due to the usage of 2-wheelers led to the downfall of helmets. This creates a huge impact on the helmet market. However, the growing adoption of electric 2-wheelers again balances the demand for helmets. As a result, the region presents lucrative opportunities for market growth & expansion.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including 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 and other are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?