According to Custom Market Insights (CMI), The Global Bike Helmet Market was estimated at USD 700 million in 2021 and is anticipated to reach around USD 1400 million by 2030, growing at a CAGR of roughly 3% between 2022 and 2030.
Our research report offers a 360-degree view of the Bike Helmet market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Bike Helmet market.
Bike Helmet Market: Overview
For a very long time, people have enjoyed biking all throughout the world. However, biking does not mean decreased safety. biking helmets are safety gear that cyclists use to keep themselves safe in the case of an accident. A bicycle helmet also limits the rider’s ability to drive while being distracted by their peripheral vision. Bike helmets are portable pieces of safety gear that improve bicycle riding. Professional racers all over the world use cutting-edge helmets to add an extra layer of safety. The motorcyclists’ performance is improved, and they are free from concern over a possible fall. Bike raises body temperature because it is a demanding exercise. The helmet not only offers the rider stable coordination but also appropriate ventilation and space for controlling body temperature.
Browse the full “Cycling Helmet Market Size, Trends and Insights By Type (Road Helmets, Sports Helmets, MTB Helmets), By Application (Sports/Adventure, Daily Transportation), By Distribution Channel (Online, Offline), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032″ report at https://www.custommarketinsights.com/report/cycling-helmet-market/
Growth Factors
The National Highway Traffic Safety Administration (NHTSA) estimated that in 2019, more than 846 individuals died while bike. These statistics are the result of a number of factors, including bad bike infrastructure, reckless driving, risky helmet choices, and poor helmet choices. Governments all across the world have consequently started to impose helmet usage laws in accident-prone areas, driving up the price of helmets. Regional and age-specific bicycle helmet regulations differ greatly. As a result, the market for bicycle helmets is flourishing. Therefore, as governments enact stricter rules, the market for bicycle helmets is anticipated to rise.
The bicycle market has expanded favorably as a result of the growing trend in bicycle tourism. Bicycling tourism brought in USD 83 million in 2019, according to a survey by the Outdoor Industry Association (OIA), showing that people are beginning to use bicycles for recreational and health maintenance purposes. For individuals whose emphasis is fitness, it is increasing their opportunities. Bicycles are one of the best cardiovascular exercises for people since they facilitate whole-body muscular action, which increases the demand for bicycles. Sales of helmets have increased as a piece of safety gear for inexperienced riders, which has enhanced the global bike helmet market.
Segmental Overview
The market for bike Helmets is segmented into type, distribution channel, and application. Based on application, in 2021, the sports/adventure segment had the highest revenue share—more than 55.0%. The market is steadily expanding as a result of the popularity of bikes as a recreational sport and the growing trend among consumers to engage in leisure activities that improve their physical & mental well-being. bike improves posture, bone strength, cardiovascular fitness, muscle strength, and joint mobility while lowering stress levels and treating depression & anxiety. the bike is also economical and environmentally beneficial, which encourages more people to take up the sport and boosts the growth of the bike helmet industry. Additionally, mass bike events held by organizations around the world to increase participants’ physical exercise and social inclusion are playing a crucial role in the market’s development.
The mountain bike (MTB) helmet, sports helmet, and road helmet segments of the worldwide bike helmet market are divided based on type. In 2021, the road helmet segment held the biggest market share. There are probably a number of factors contributing to this growth, such as an increase in the number of cyclists using fitness trackers, rising government spending (the Green Deal, which aims to improve bicycle infrastructure and encourage the sale of helmets), and cheaper prices compared to other types of helmets. In addition, as traffic accidents and bicycle-related fatalities rise, more cyclists are choosing to wear helmets, which is helping the worldwide bike helmet market grow.
Regional Overview
Due to its expanding absolute demand, the Europe region held the largest share of this market. The expanding market for bike helmets worldwide has been fueled by the region’s major manufacturers in the bike helmet industry and the region’s burgeoning adventure sports market. According to Eurostat estimates for the year 2020, Germany has more than 73.5 million bicycles. This suggests that bicycle ownership is almost 8 in 10 homes.
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Competitive Landscape
The existence of numerous businesses engaged in the production of bike helmets has led to a moderate degree of market fragmentation in the overall bike helmet industry.
Our market analysis includes a section specifically devoted to key players operating in the bike helmet market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2022: LIVALL announces the availability of a new generation smart bike helmet with JBL audio.
- 2022: Kav opens a bike helmet 3D printing facility in Silicon Valley.
Some of the prominent players
- Moon Helmet
- Dorel
- Vista Outdoor
- Trek Bicycle Corporation
- ABUS AUGUST BREMICKER SÖHNE KG
- POC Sports
- SCOTT Sports SA
- MET-Helmets
- Specialized Bicycle Components Inc.
- GIRO SPORT DESIGN
- Lazersport
- KASK s.p.a
Table of Contents: https://www.custommarketinsights.com/report/cycling-helmet-market/#table-of-contents
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