Motorcycle Helmet Market

According to Stratistics MRC, the Global Motorcycle Helmet Market is accounted for $2.37 billion in 2022 and is expected to reach $3.88 billion by 2028 growing at a CAGR of 8.6% during the forecast period. The motorcycle helmet assists in safeguarding the rider's head. It serves as a motorcycle rider's protective headgear. The implementation of various rules regarding the use of motorcycle helmets also contributed to a rise in product sales during the projection period. For many nations, traffic accidents on the roads have become a major problem. Across the world, it is one of the top causes of death in children and young people. With the increasing number of programs and stricter traffic laws, the government may be able to significantly reduce the incidence of road accidents.

According to new Road Transport Office (RTO) regulations, it is mandated for the dealers to provide helmet with new registered two-wheeled vehicle.



Market Dynamics:

Driver:

Rising of motorbikes and sports bikes

In industrialized countries, bikes are usually owned in addition to cars because they are mostly used for recreational purposes. In developing nations, a motorcycle is more frequently utilized as a main form of transportation. Even in the business world, bikes are growing in popularity. They are primarily employed for food delivery and the shipment of products purchased online. Also, as a result of the bike-sharing industry's growth during lockdown, there has been a significant increase in demand for bikes.

Restraint:

Heavyweight, lack of comfort and high prices of advanced helmets

Despite its life-saving benefits, some bikers don't like riding while wearing a helmet. The National Center for Biotechnology Information (NCBI) found that the most common reasons for not wearing a helmet include neck pain from the helmet's weight, restrictions on head mobility, a feeling of heat or suffocation, and physical discomfort. In addition, because of their high price and association with high-end bikers, premium and advanced motorcycle helmets have a small market. Thus, throughout the projected period, all these factors may restrain the expansion of the helmet market.

Opportunity:

Growing awareness of road safety

As 80% of bikers killed in traffic accidents had head injuries, head protection is a vital part of rider safety. However, approximately 28 countries worldwide have strict rules governing seatbelt use, speeding, driving while intoxicated, and head protection. However, organizations like the World Resources Institute (WRI), the United Nations, the National Association of City Transportation Officials (NACTO), the International Road Federation (IRF), and the FIA High-Level Panel (HLP) for road safety are working with governments and promoting and improving road safety all over the world. So, it is evident that people are becoming more aware of road safety as a result of these groups' continued efforts. Subsequently, during the forecast period, it is expected that growing consumer awareness of road safety will drive expansion.

Threat:

Lack of awareness

The main obstacle to the market's expansion is a lack of awareness regarding traffic safety. To decrease the number of traffic accidents, governments are taking action and implementing strict restrictions. The major market participants operating over the predicted period will therefore receive considerable opportunity as a result. Market expansion is still hampered by the increased frequency of counterfeit helmets. Falsely marketed and falsely sold helmets that are counterfeit or fake are typically sold at a lower price.

Covid-19 Impact:

Global industries experienced a high level of uncertainty and anxiety as a result of the COVID-19 outbreak on a worldwide scale. Governments across the world have implemented lockdown measures and strict social separation rules to prevent the COVID-19 epidemic. With the spread of the COVID-19 microorganism, individuals all across the world began practicing social distance, which resulted in movement restrictions and the shutdown of assembly and manufacturing lines.

The full face segment is expected to be the largest during the forecast period

As the full-face helmet protects the front of the chin, the entire head, and the base of the skull, it held the largest market share during the projection period. The full-face helmet's distinctive feature, the chin bar, holds the rider's chin in place during a frontal impact. 50% of serious hits in an accident occur to the chin; in this situation, only full-face helmets with chin bars protect the chins. The majority of full-face helmets have internal ventilation, which reduces visor fogging and helps to evaporate sweat.

The e commerce segment is expected to have the highest CAGR during the forecast period

Due to the massive growth of e-commerce websites and the fact that the majority of helmet sales take place offline, the e-commerce segment is predicted to have the highest CAGR during the projection period. Customers' preference for in-store purchases over internet purchases can be attributed to this dominance. The buyer benefits from online shopping by inspecting the product and even testing the helmet to determine its level of comfort. Moreover, e-commerce platforms like Amazon and Helmetexpress have focused on this product category to take advantage of the escalating demand for these products.

Region with largest share:

Due to the fact that China and India are the two largest two-wheeler markets in the world, the Asia-Pacific region is anticipated to have the largest market globally over the projection period. After China in the Asia-Pacific, South Asian nations like ASEAN and India have been the main drivers of motorcycle sales. With a constant rise in motorcycle sales, these regions have been significant contributors to the demand. The demand for motorcycle helmets in Asia-Pacific continues to be strong due to government laws on safety standards and vehicle driving safety.

Region with highest CAGR:

Asia Pacific is expected to have lucrative growth during the forecast period as a result of the rapidly rising number of electric motorbikes in this region. Also, the market is anticipated to grow at the highest CAGR over the course of the forecast period due to consumers adopting the highest levels of safety precautions and spending significantly on motorcycle protective gear, such as helmets. However, from a long-term demand perspective, Asia-Pacific continues to be the most profitable region because there is the most consumer demand for motorcycles worldwide. The market expansion for motorcycle helmets is also being boosted by rising sales of electric two-wheelers in countries like South Korea and India.



Key players in the market

Some of the key players in Motorcycle Helmet market include Shoei Co. Ltd., Dainese SpA, Alpine Stars S.p.A., Arai Helmet Ltd., HJC Europe S.A.R.L, Schuberth GmbH, STUDDS Accessories Limited, Redfox Helmets, Royal Enfield., Caberg S.p.a., Amisano Gino Valenza (AGV) Company, Bell Racing Helmets, Riddell Sports Group, Inc., Nolan Helmets SPA, Shark Helmets, Manufacturas Tomas SA (MT) and Steelbird Helmets Corporate AV.

Key Developments:

In September 2022, Arai Helmet and Le Mans Corp. announced a new partnership agreement for distributing Arai Helmet products in the United States.

In July 2022, Bell Helmets launched the all-new Falcon XR and Falcon XRV helmets equipped with MIPS technology.

In July 2020, The Indian Government abolished the weight limit of 1.2 kg for motorcycle helmets, which averted the sale of imported helmets in the country. This will facilitate numerous foreign helmet manufacturers to market, distribute, and sell their helmets in India.

In March 2020, Klim, a U.S. based helmet manufacturer, launched F3 Carbon helmet. The F3 is a series of lightweight helmets. It is manufactured by stripping excess resin during the manufacturing of carbon fiber shell itself, which makes it lighter as well as stronger at the same time.

Products Covered:
• Open Face
• Full Face
• Off-Road/ Racing
• Modular
• Half Helmets
• Dual Sport
• Other Products

Distribution Channels Covered:
• E-commerce
• Offline
• Specialty Stores
• Supermarkets/hypermarkets
• Other Distribution Channels

Material Types Covered:
• Kevlar
• Fiber Glass
• Carbon Fiber
• Plastics
• Polycarbonate
• Acrylonitrile Butadine Styrene (ABS)
• Expanded Polystyrene (EPS) Foam
• Thermoplastic Alloy
• Expanded Polypropylene (EPP) Foam
• Advanced Polymer Blends
• Other Material Types

End Users Covered:
• Rider
• Racers
• Kids
• Adults

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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