Global Bike Helmet Market size- Industry Trends & Forecast Report 2026.
The global bike helmet market is growing at a potential growth rate Year-over-Year (YoY), and has reached USD XX billion in 2019. The market is further expected to touch USD xx billion by 2026, growing at a CAGR of xx% during 2020-2026 (forecast period). The Bike Helmet market is likely to grow in the forecast timeframe due to the presence of stringent government regulations regarding the use of protective gear when riding bikes. Moreover, product innovations with advanced safety features along with enhanced appearance of the product are further boosting the growth of the market.
Source: BlueWeave Consulting
Global Bike Helmet Market Overview:
Helmet is a hard or padded protective hat, various types of which are worn by soldiers, police officers, motorcyclists, sports players, and others. A bike helmet is a type of helmet used by bike riders or cyclist . The primary goal of a helmet is safety – to protect the rider's head during impact, thus preventing or reducing head injury and saving the rider's life. Some helmets provide additional conveniences, such as ventilation, face shields, ear protection, intercom etc. MTB helmets are also witnessing increased adoption by cyclists for monitoring workout, tracking calorie consumption, and measuring the heart rate.
Bike Helmet Market Forecast and Trends
Increasing sales of motorcycles around the world
Bike and bicycle manufacturers have observed an increase in the sale of high-end motorcycles. Emerging Asian economies, such as India and China, which are the largest for two-wheelers, recorded a surge in the sale of premium motorcycles. India, with the most extensive motorcycle market, has and is observing a shift in consumer preference toward sportier and powerful machines. This has led to an increase in the sale of many motorcycle makers, like Triumph, Indian, Harley-Davidson, Ducati, etc. In 2018, nearly 20 million two-wheelers were sold in India compared to almost 17.5 million in 2017. The 2018 two-wheeler sales comprised of more than 12 million motorcycles. This lead to increase bike helmet sales.
New product model in helmet creates new opportunities
The companies are offering helmet with different models and features to attract the customer which can acts as the driver factor for the market. In April 2019, Arai launched new open-face helmets, RAM-X. The original product has a VAS-Z shield system, with a lower pivot point that allows the shell to be smoother in the temple area, improving the helmet’s ability to slide more smoothly.AGV launched the AX-9 helmet for the North American market in December 2018. The AX-9 offers lightweight construction, four different configurations, improved ventilation, 190 degrees of horizontal vision, and 110 degrees of vertical vision
Low adoption across users as health issues due to wearing helmet
Although helmets have been made mandatory to wear while riding 2-wheelers and while working in factories and places with heavy loads, there are a few disadvantages that could occur due to wearing helmets. Fully-covered helmet causes shortness of breath due to the belt across the throat and covered mouthpiece. When there is an accident, the additional weight of wearing the helmet may cause serious brain injury. Blocks vision and hearing - Wearing a helmet blocks the peripheral vision and impairs hearing to an extent due to the cushions present on the sides. This might affect the awareness due to lack of basic senses. Due to these factors, there is low adoption of helmet
Ø In May 2018, DigiLens partners with Sena to produce augmented reality motorcycle helmets
Ø Jarvish, a Japanese helmet manufactures have started to offer ““The X and X-AR AR motorcycle helmet”
Impact of COVID-19 in industry
Global economy and the humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade and related services. Players are currently considering digital solutions which would enable them to serve community and provide new opportunities to do business. The production, manufacturing, supply chain and other operations, have slowed down globally aimed to limit the spread of corona virus,
The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Bike Helmet market in 2020. The outbreak of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability.
Bike Helmet Market: By Type
Based on the type, bike helmet market is segmented into MTB helmets and Road helmets. The MTB helmet segment is likely to dominate in the market mainly due to also witnessing increased adoption by cyclists for monitoring workout, tracking calorie consumption, and measuring the heart rate. Furthermore, rising road traffic accidents have become a great challenge for public authorities in terms of efforts and finding sustainable solutions for effective prevention. Governments around the world are taking the required steps for the avoiding increasing number of deaths caused by road accidents.
Source: BlueWeave Consulting
Bike Helmet Market: Regional Insight
Asia Pacific region is likely to dominate in the Bike Helmet market, followed by North America, and others. The developing countries like China and India have major opportunities for industrial production, retail sales, and fixed-asset investment for Bike Helmets. Several other economies such as Indonesia, Philippines, and Singapore in the region are also forecast to grow at modest rates. The company's productivity is directly proportional to the productivity of workers. Hence, businesses in these regions are commonly embracing different instruments to help workers increase their productivity.
The bike helmet market is fragmented owing to the presence of number of companies that provides varied Bike Helmet products. However, the companies that hold the majority share of Bike Helmet market are Vista Outdoor, Specialized, Merida, Trek, ABUS, Gant, Scott, sports, OGK Kabuto, Kask , MET and other prominent players. In the Bike Helmet market, prominent market participants compete on the basis of price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for global expansion, in a bid to gain a more considerable brand reputation.
Scope of the Report
Historical data – 2016-2019
Base Year – 2020
Forecast – 2021 – 2027
Revenue in USD Million
U.S, Canada, Germany, UK, France, Italy, Spain, Russia, Brazil, Japan, South Korea, China, UAE, South Africa, UAE, Turkey
By Type , By Application and By Region
Vista Outdoor, Specialized, Merida, Trek, ABUS, Gant, Scott, sports, OGK Kabuto, Kask , MET and other prominent players and others.
Scope of the Report
Ø MTB helmets
Ø Road helmets
By End Use Industry
Ø Commuter & recreation
Ø Sports games
Ø North America
Ø Asia Pacific
Ø Middle East and Africa
Ø Latin America