Global Cycling Helmet Market size- Industry Trends & Forecast Report 2026.
The global cycling helmet market is growing at a potential growth rate Year-over-Year (YoY) and has reached USD 7.3 billion in 2019. The market is further expected to touch USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period). The cycling helmet market is likely to grow in the forecast timeframe due to raising safety awareness among people. As bicyclists appear to be over-represented in crash and fatality statistics, bicycling may be considered a more dangerous method of transportation than driving a motor vehicle. Thus, cycling helmets would likely rise in the market.
Global Cycling Helmet Market Overview:
A bicycle helmet is designed to attenuate impacts to the head of a cyclist in falls while minimizing side effects such as interference with peripheral vision. A cycle helmet is generally light in weight and provides ample ventilation because cycling can be an intense aerobic activity that significantly raises body temperature, and the head needs to be able to regulate its temperature. The dominant form of the helmet up to the 1970s was the leather "hairnet" style. This offered acceptable protection from scrapes and cuts, but only minimal impact protection, and was mainly used by racing cyclists. The helmets are used for Daily Transportation and Sports/Adventure.
Cycling Helmet Market Forecast and Trends
Government Rules and Regulations
According to the National Highway Traffic Safety Administration (NHTSA), approximately 700 cyclists die every year in bicycle crashes. Bicycle trips account for one percent of all trips made in the U.S. in a year, and nearly two percent of all traffic fatalities. Because bicyclists appear to be over-represented in crash and fatality statistics, bicycling may be considered a more dangerous method of transportation than driving a motor vehicle.
Due to this, the government has framed rules and regulations for wearing helmets for cycles. The rules for cycle helmets vary from country to country. For instance, Helmet laws are not universal in the United States; most U.S. states and municipalities have no laws or regulations regarding helmet use.
Growing trend for professional cycle Races
Road bicycle racing is the cycle sport discipline of road cycling, held on paved roads. Road racing is the most popular professional form of bicycle racing, in terms of numbers of competitors, events, and spectators. Professional racing has been most popular in Western Europe, centered historically on France, Spain, Italy, and the Low Countries. Since the mid-1980s the sport has diversified with professional races now held on all continents of the globe. Semi-professional and amateur races are also held in many countries. The sport is governed by the Union Cycliste Internationale (UCI). The top countries in cycle races are Italy, Belgium, France, Germany, Netherlands Australia, the U.K., and the U.S. Rise in cycle races the demand for helmet.
High cost of a bicycling helmet in the market
The cost of a cycling helmet depends on its design, functions, features, type, and application. The cycling helmets required for sports applications are comparatively high priced. Also, the price of a cycling helmet is high as products need to meet certification such DOT, ECE, or SNELL, and of course, which requires a high investment in research, technology advancements, and development. But the impact of the restraint is low as safety would be always the priority among the consumers of the cycling helmet.
Impact of COVID-19 in industry
The global economy and 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 that would enable them to serve the 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 coronavirus,
The global impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Cycling 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.
Cycling Helmet Market: By Type
Based on the form, the cycling helmet market is segmented into, into MTB helmets, sports 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 avoiding the increasing number of deaths caused by road accidents.
Source: BlueWeave Consulting
Cycling Helmet Market: Regional Insight
Asia Pacific region is likely to dominate in the cycling helmet market, followed by North America, and others. 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, the 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.
· In 2020, the Specialized Bicycle Components, Inc has started to offer Specialized Align II bike helmet which offers MIPS protection & modern look at impressive price. In March 2019, Specialized has updated a couple of key elements related to its Angular and G-Force indicator (ANGi) safety device.
· In July 2019, Vista Outdoor Inc. announced today that it has completed the sale of the legal entity operating its Savage Arms and Stevens firearms brands to a financial buyer for a total purchase price of $170 million.
The cycling helmet market is fragmented owing to the presence of several companies that provides varied cycling helmet products. However, the companies that hold the majority share of the Cycling Helmet market are smith optics Inc, MET, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista outdoor, Oakley, POC sports, August Bremicker und Söhne KG, Limar Srl, SCOTT Sports, Canyon Bicycles GmbH, POC Sweden AB, KASK s.p.a, Uvex Sports, Dorel Sports, Orbea, Giant Manufacturing Co. Ltd., and other prominent players. In the cycling helmet market, prominent market participants compete based on 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 Form , By End-Use Industry and By Region
smith optics Inc., MET, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista outdoor, Oakley, POC sports, August Bremicker und Söhne KG, Limar Srl, SCOTT Sports, Canyon Bicycles GmbH, POC Sweden AB, KASK s.p.a, Uvex Sports, Dorel Sports, orbea, Giant Manufacturing Co. Ltd and others.
Scope of the Report
Ø MTB helmets
Ø Road helmets
Ø Sports Helmets
By End Use Industry
Ø Daily Transportation
Ø North America
Ø Asia Pacific
Ø Middle East and Africa
Ø Latin America