Global Bike Helmet Market Research Report: Forecast (2024-2030)

Market Insights & Analysis: Global Bike Helmet Market (2024-30):

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.

Additionally, the legal initiatives that boost the marker size for helmets, such as mandatory helmet laws facilitate in reducing the incidence of motorcycle-related injuries.  The helmets are the safety gear designed to protect riders from severe head injuries. This helps reduce the risk of serious head trauma, brain injury, and even death. Helmets can be undoubtedly a great tool for the safety of riders. As per the report published by WHO, helmets reduce the risk of death in road crashes by over six times and reduce the risk of brain injury by up to 74%.  

Moreover, smart helmets include multiple electronic devices and sensors that can help users gather real-time data, reduce operational risks, and improve safety in the long run. Even the smartphone can also be connected to smart helmets. The smart helmets comprise special features such as GPS, Map navigation, health monitoring, sensor data collection, humidity check, air quality check, live streaming camera, voice assistance, and interconnected devices, etc.

In addition, the advanced features of helmets not only promote safety but also encourage the growing population to participate in the events organized by the helmet or motorcycle brand. Even the motorsports and racing championships organized by brands at national and international levels create new hype in terms of worldwide popularity. For instance, in 2023, the Moon Helmet brand organized a championship event, not only just to promote the brand but also to provide professional riding helmet equipment and all-around support for the participants. This not only helps motivate the youngster to use helmets but also endorses branding.  This boosts the demand for the Bike Helmets Market Globally.

Global Bike Helmet Market Driver:

Increasing Safety Awareness Driving Market Growth –  The crucial reason behind the increment in the global market is the growing awareness of road safety. The rise in several road accidents generates a concern about using helmets in public opinion. This significant increase in accidents led to government intervention and regulations towards safety measures. Several government policies give important attention to wearing helmets. Results in raising awareness about the importance of helmets. This building awareness drives the growth & expansion of the Helmet Industry.

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.

Global Bike Helmet Market Trend:

Increasing Adoption of AR Helmets Reshaping Market Dynamics – Nowadays, many manufacturers are coming up with high-end features to boost consumers to use helmets. Such as helmets featuring in-built augmented reality (AR).  AR is an interactive experience that enhances the real world with computer-generated perceptual information. This advanced technology is also featured in helmets, which help display GPS maps and the speedometer on the visor. Also, these smart helmets can facilitate saving lives. This is because of the in-built sensors, which can detect crashes and immediately alert emergency contacts with the ride’s location and status. This helps in creating hype in the youngsters to use such kind of advanced helmets.

Moreover, the smart helmet reduces the effort while driving and provides comfortability to the rider. This advanced version of the helmet facilitates attracting large populations. Hence, accelerate the demand for Helmets in the Global Market.

Global Bike Helmet Market (2024-30): Segmentation Analysis

The Global Bike Helmet Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as

 Based on Type:

• Road Helmets
• Sports Helmets
• Mountain Bike Helmets

 The road helmets segment dominates the Bike Helmet Industry with the largest market share. The growing interest of the large population towards road cyclic events across the world is the primary reason behind this flourishing demand. Road helmets also include triathlon, road racing, and endurance cycling helmets. These helmets comprise aerodynamics and ventilation features which provide next-level protection to the helmets and attract large consumers.  Additionally, the changing government policies and regulations, that emphasize on mandatory use of helmets during regular travel have increased the growth of road helmets. Also, the growth is boosted by introducing the rule regarding lightweight and safer helmet manufacturing, this not only promotes health safety measures but also augments the demand for bike helmets. This is the reason road helmets contribute majorly to the growth of the Bike Helmet Market.

Based on the Distribution Channel:

• Offline
• Online

Online channel is expected to expand the market shares globally. This is because of the increasing internet availability in terms of high-speed networks, and advanced smartphones, which are flourishing in developing countries to promote more utilization of online platforms. This results in boosting the online sales of the helmets. Moreover, benefits such as a variety of options, suitable modes of payment, better offers, and better home delivery led to the growing interest in a variety of helmets. This is boosting the purchases of helmets and hence increases the size & volume of the helmet industry globally.

Additionally, nowadays companies are launching particular websites for their specific product, which facilitates the consumer to purchase directly from the manufacturer. This helps accelerate the growth of the online segment. This shows that online channels contribute better in comparison with offline sales of helmets. Therefore, this led to a higher demand for helmets in the global market.

Global Bike Helmet Market (2024-30): Regional Projections

Geographically, the Global Bike Helmet Market expands across:

• 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.

Gain a Competitive Edge with Our Global Bike Helmet Market Report

1. Global Bike Helmet Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. Global Bike Helmet Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.