Blueweave
Global Cycling Helmet Market Bwc20216

Global Cycling Helmet Market, By Type (MTB helmets, Road Helmets, Sports helmet); By End-Use Industry (Daily Transportation, Sports/adventure); By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: November 2020
  • Report ID: BWC20216
  • Available Format: PDF
  • Page: 184

Report Overview

The global cycling helmet market is experiencing substantial growth for the past few years. The trend is expected to remain strong in the future due to the rising bicycle infrastructure investment, growing emphasis on the increasing number of bicycle-related deaths, and the adoption of the latest technologies in the manufacturing of helmets.

The global cycling helmetmarket was worth USD 686.2 million in 2020.The market is further projected to reach USD 833.5 million by 2027 at a CAGR of 2.9% during the forecast period (2021-2027). The growth of the global cycling helmet market can be attributed to the growing cycling industry.The cycling industry experienced an upsurge during the past year, due to several factors, including a rise in health concerns, an increase in competition around the globe, and government emphasis on environmental issues.

Cycling Helmet Market

Source: BlueWeave Consulting

Global Cycling Helmet Market Overview

Cycling has been enjoyed around the world for a long time.Cycling, however, does not imply reduced safety.A cycling helmet serves as protection equipment for cyclists to protect them in the event of an accident. A bicycle helmet also reduces the riders' peripheral vision that distracts them from driving.Cycling helmets are a lightweight piece of equipment that makes riding a bicycle safer.Many professional racers around the world wear advanced helmets that provide an additional layer of protection.It enhances their performance, and the riders don't have to worry about the potential fall. Since cycling is a strenuous exercise, it also enhances body temperature. While the helmet ensures adequate ventilation and space for regulating body temperature, it also provides stable coordination for the rider.

Global Cycling HelmetMarket Trend

 

Growth Drivers

A growing number of government laws prohibiting bicycle accidents

The National Highway Traffic Safety Administration (NHTSA) estimates that over 846 people lost their lives while cycling in the year 2019.There are several reasons behind these statistics, including poor bicycle infrastructure, unsafe helmet choices, reckless driving, and a poor choice of helmets.Governments around the world have accordingly begun to mandate helmet usage in accident-prone regions, thus pushing helmet demand globally.The bicycle helmet laws vary drastically, from region to region and from age to age. The bicycle helmet market is booming as a result.The global cycling helmet market, therefore, is expected to grow as governments enforce stricter laws.

Growth in bicycle tourism

The rising trend in bicycle tourism has positively impacted the growth of the bicyclemarket. A study by the Outdoor Industry Association (OIA) reveals that in 2019, bicycling tourism accumulated USD 83 Million, which indicates that people are starting to use bicycles for pleasure and health management purposes.It is augmenting the opportunities for those people who have fitness as their priority. Since bicycles help in whole-body muscle movement, it happens to be one of the best cardiovascular exercises for people, improving the demand for bicycles. As a piece of safety equipment for beginner riders, the helmet has seen a rise in sales, which has improved the overall cycling helmet market.

 

Restraints

Poor bicycle infrastructure in developed and developing countries           

With a network of cycling lanes, Europe has proved to be a good cycling destination for aspiring riders.Nevertheless, many developing countries with large populations cannot receive such an incentive and rely on public transportation to travel.A few countries, including the U.S. and U.K., may have also offered bike lanes for bicycle individuals,but these roads have now recorded damages, which discourages bicycle riders from choosing this mode of transportation.As a result of these factors, the riders refrain from choosing bicycles over public transportation, thereby impeding the growth of the bicycle market. It is, therefore, negatively contributing to the growth of the global cycling helmet market.

Global Cycling Helmet Market - Impact of COVID-19

COVID-19 triggered a global economic crisis.Soon after the WHO declared the COVID-19 a pandemic, the governments of different countries started encouraging the manufacturing companies and producers to shut down their facilities for curbing the spread of the virus. It resulted in disrupted supply chain and trade practices, thereby, negatively impacting the growth of the global cycling helmet market as the manufacturers had to shut their operations for abiding by the laws. As a result of increasing government investments in bicycle infrastructure around the world, bicycle sales have seen an increase over the previous year.In this way, it is also contributing to helmet consumption.In addition, the companies have begun distributing their helmets online through online sales channels.It is aiding the companies in demonstrating the capabilities of their helmets online, which has positively influenced the market after the initial lockdown measures.

Global Cycling HelmetMarket: By Type

Based on types, the global cycling helmet market is trisected into mountain bike (MTB) helmets, sports helmets, and road helmets. The road helmet segment accounted for the largest share in the market in 2020. There are likely a number of reasons for this growth, including an increased number of cyclists adopting fitness trackers, rising government investment (Green Deal for improving the bicycle infrastructure and incentivizing helmet sales), and lower costs compared to other helmets.Additionally, cyclists have been more inclined to opt for helmets as a result of increasing traffic accidents and bicycle-related fatalities, boosting the growth of the global cycling helmet market.

Cycling Helmet Market Size

Source: BlueWeave Consulting

Global Cycling Helmet Market: By End-Use Industry

Based on the end-use industry, the global cycling helmet market is bisected into Daily Transportation, and Sports/adventure. The daily transportation category registered the larger share in the global cycling helmet market in 2020.  The growth of the segment is attributable to the rising number of bicycle-related deaths, the increasing concussion rates, and stringent government regulations for cycling helmets in many countries. The growth of the segment is also positively impacted by the rising viewership and interest in biking, which is fueling the demand for helmets globally. It is accompanied by the health benefits associated with cycling every day, which is showcasing rising growth prospects for the daily transportation segment in the global cycling helmet market.

Global Cycling HelmetMarket: Regional Insights

Based on region, the global cycling helmet market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The Asia Pacific region had the highest share in this market due to the growing absolute demand the region experienced.It is followed by the European region that boasts some of the best cycling environments in the world. The thriving adventure sports industry, accompanied by the presence of key manufacturers operating in the cycling helmet manufacturing in the region has been the driving factor for the growth of the global cycling helmet market. Based on Eurostat data for the year 2020, there are over 73.5 million bicycles in Germany. This indicates that almost 8 in 10 households own a bicycle.

Regional Insights

Source: BlueWeave Consulting

Global Cycling Helmet Market- Competitive Landscape

The global cycling helmet market is moderately fragmented in nature due to the presence of several companies operating in the manufacturing of cycling helmets. Some of the major players in the market are Smith Optics Inc., MET Helmets, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista Outdoor Inc., Oakley Inc., POC sports, August Bremicker und Söhne KG, Limar Srl, SCOTT Sports SA, Canyon Bicycles GmbH, KASK s.p.a, Uvex Sports, Dorel Industries, Orbea, Giant Manufacturing Co. Ltd., and other prominent players. The companies are producing helmets at attractive prices to gain a competitive edge over their competitors and capture a higher market share.

Recent Developments

  • In February 2021, POC sports announced the launch of Omne Eternal, the world’s first-ever self-powered helmet equipped with endless energy. The helmet leverages Powerfoyle, which is an innovative light-harvesting material for transferring any light source into electrical power. In addition to this, the helmet comes with an automatic self-powered light without charging requirements and an on/off switch.

 

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S., Canada, Germany, UK, France, Italy, Spain, Brazil,Chile, Peru, Colombia, Mexico, Japan, China, India, Australia, New Zealand, Saudi Arabia, UAE, South Africa

Product/Service Segmentation

By type, end-use industry, and region

Key Players

Some of the key players include Smith Optics Inc., MET Helmets, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista Outdoor Inc., Oakley Inc., POC sports, August Bremicker und Söhne KG, Limar Srl, SCOTT Sports SA, Canyon Bicycles GmbH, KASK s.p.a, Uvex Sports, Dorel Industries, Orbea, Giant Manufacturing Co. Ltd., and other prominent players

 

By Type

  • MTB helmets
  • Road Helmets
  • Sports helmet

By Application

  • Daily Transportation
  • Sports/adventure

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

 

FAQs:

 

  1. What is the current size of the global cycling helmet market?

Answer: The global cycling helmet market has reached USD 686.2 million in 2020.

  1. What are the major factors driving the growth of the global cycling helmetmarket?

Answer: Major factors contributing to the growth of the global cycling helmet market are stringent government laws, an upward trend in bicycle injuries and deaths, and the growth of bicycle tourism.

  1. Who are the key players in the global cycling helmetmarket?

Answer: The key players in the global cycling helmetmarket are Smith Optics Inc., MET Helmets, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista Outdoor Inc., Oakley Inc., POC sports, August Bremicker und Söhne KG, Limar Srl, SCOTT Sports SA, Canyon Bicycles GmbH, KASK s.p.a, Uvex Sports, Dorel Industries, Orbea, Giant Manufacturing Co. Ltd., and other prominent players.

  1. Which type accounted for the largest share in the global cycling helmetmarket?

AnswerThe road helmet segment accounted for the largest share in the global cycling helmetmarket.

  1. Which region recorded the highest market share in the global cycling helmetmarket?

Answer: The Asia-Pacific recorded the highest market share among the regions in the global cycling helmetmarket.

 

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Cycling Helmet Market, by Type

1.1.2. Global Cycling Helmet Market, by End Use

1.1.3. Global Cycling Helmet Market, by Region

2. Market Introduction

2.1.  Definition

2.2.  Scope of the Study

2.3.  Market Structure

2.4.  Key Buying Criteria

2.5.  Macro Factor Indicator Analysis

3. Research Methodology

3.1.  Research Process

3.2.  Primary Research

3.3.  Secondary Research

3.4.  Market Size Estimation

3.5.  Forecast Model

3.6.  List of Assumptions

4. Market insights

5. Market Dynamics

5.1.  Introduction

5.2.  Drivers

5.2.1.   Stringent Laws Mandating the Use of Helmets

5.2.2.   Growing Trend of Professional Cycle Races

5.3.  Restraints

5.3.1.   High Costs of Cycling Helmets

5.4.  Opportunities

5.4.1.   Technological Developments

5.5.  Challenges

5.5.1.   Lack of Awareness about Safety

6. Market Factor Analysis

6.1.  Value Chain Analysis

6.2.  Supply Chain Analysis

6.3.  Porter’s Five Forces Model

6.3.1.   Bargaining Power of Suppliers

6.3.2.   Bargaining Power of Buyers

6.3.3.   Threat of New Entrants

6.3.4.   Threat of Substitutes

6.3.5.   Intensity of Rivalry

6.4.  Impact of Covid-19 Pandemic on Global Cycling Helmet Market

6.4.1.   Impact on Outdoor Cycling Activities

6.4.2.   Impact on Raw Material Availability

6.4.3.   Impact on Store Vs Online Sales

6.4.4.   Impact on Pricing

6.4.5.   Others

6.5.  Cycling Helmet Safety Standards & Regulations by Major Countries

7. Global Cycling Helmet Market, By Type (Revenue & Volume)

7.1.  Introduction

7.2.  Road Helmets

7.2.1.   Road Helmets: Market Estimates & Forecast by Region, 2020-2026

7.3.  Sports Helmets

7.3.1.   Sports Helmets: Market Estimates & Forecast by Region, 2020-2026

7.4.  MTB Helmets

7.4.1.   MTB Helmets: Market Estimates & Forecast by Region, 2020-2026

8. Global Cycling Helmet Market, By End-Use (Revenue & Volume)

8.1.  Introduction

8.2.  Daily Transportation

8.2.1.   Daily Transportation: Market Estimates & Forecast by Region, 2020-2027

8.3.  Sports/Adventure

8.3.1.   Sports/Adventure: Market Estimates & Forecast by Region, 2020-2027

9. Global Cycling Helmet Market, by region (Revenue & Volume)

9.1.  Introduction

9.2.  North America

9.2.1.   US

9.2.2.   Canada

9.3.  Europe

9.3.1.   Germany

9.3.2.   UK

9.3.3.   France

9.3.4.   Spain

9.3.5.   Italy

9.3.6.   Rest of Europe

9.4.  Asia-Pacific

9.4.1.   China

9.4.2.   Japan

9.4.3.   India

9.4.4.   Australia & New Zealand

9.4.5.   Rest of Asia-Pacific

9.5.Latin America

9.5.1.Mexico

9.5.2.     Brazil

9.5.3.   Chile

9.5.4.   Peru

9.5.5.   Colombia

9.5.6.   Rest of South America

9.6.  Middle East & Africa

9.6.1.Saudi Arabia

9.6.2.South Africa

9.6.3.UAE

9.6.4.Resto of Middle East and Africa

10.   Competitive Landscape

10.1.   Introduction

10.2.   Competitive Benchmarking

10.3.   Key Developments & Growth Strategies

11.   Company Profiles

11.1.   Vista Outdoor Inc.

11.2.   Specialized Bicycle Components Inc.

11.3.   Dorel Industries

11.4.   Uvex Sports

11.5.   Trek Bicycle Corporation

11.6.   MET-Helmets

11.8.   Canyon Bicycles GmbH

11.9.   Orbea

11.10.SCOTT Sports SA

11.11.Giant Manufacturing Co. Ltd

11.12.August Bremicker Söhne KG

11.13.POC Sports

11.14.KASK s.p.a

11.15.Luxottica Group SpA (Oakley, Inc.)

11.16.Smith Optics, Inc.

11.17.  Limar srl

11.18.  Others

 

List of Figures

 

Fig 1:   Global Cycling Helmet Market Segmentation

Fig 2:   Global Cycling Helmet Market Value Chain Analysis

Fig 3:   Company Market Share Analysis, 2020

Fig 4:   Global Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 5:   Global Cycling Helmet Market Size, By Volume (Million Units), 2017-2027

Fig 6:   Global Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 7:   Global Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 8:   Global Cycling Helmet Market Share, By Region, By Value, 2017-2027

Fig 9:   North America Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 10:   North America Cycling Helmet Market Size, By Volume (Million Units), 2017-2027

Fig 11:   North America Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 12:   North America Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 13:   North America Cycling Helmet Market Share, By Country, By Value, 2017-2027

Fig 14:   Europe Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 15:   Europe Cycling Helmet Market Size, By Volume (Million Units), 2017-2027

Fig 16:   Europe Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 17:   Europe Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 18:   Europe Cycling Helmet Market Share, By Country, By Value, 2017-2027

Fig 19:   Asia-Pacific Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 20:   Asia-Pacific Cycling Helmet Market Size, By Volume (Million Units), 2017-2027

Fig 21:   Asia-Pacific Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 22:   Asia-Pacific Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 23:   Asia-Pacific Cycling Helmet Market Share, By Country, By Value, 2017-2027

Fig 24:    Latin America Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 25:     Latin America Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 26:     Latin America Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 27:    Latin America Cycling Helmet Market Share, By Country, By Value, 2017-2027

Fig 28:    Middle East and Africa Cycling Helmet Market Size, By Value (USD Million), 2017-2027

Fig 29:     Middle East and Africa Cycling Helmet Market Share, By Type, By Value, 2017-2027

Fig 30:     Middle East and Africa Cycling Helmet Market Share, By Application, By Value, 2017-2027

Fig 31:    Middle East and Africa Cycling Helmet Market Share, By Country, By Value, 2017-2027

 

List of Tables

 

Table 1:   Global Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 2:   Global Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 3:   Global Cycling Helmet Market Size, By Region, By Value, 2017-2027

Table 4:   North America Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 5:   North America Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 6:   North America Cycling Helmet Market Size, By Country, By Value, 2017-2027

Table 7:   Europe Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 8:   Europe Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 9:   Europe Cycling Helmet Market Size, By Country, By Value, 2017-2027+A97

Table 10:   Asia-Pacific Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 11:   Asia-Pacific Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 12:   Asia-Pacific Cycling Helmet Market Size, By Country, By Value, 2017-2027

Table 13:   Latin America Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 14:   Latin America Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 15:   Latin America Cycling Helmet Market Size, By Country, By Value, 2017-2027

Table 16:   Middle East and Africa Cycling Helmet Market Size, By Type, By Value, 2017-2027

Table 17:   Middle East and Africa Cycling Helmet Market Size, By Application, By Value, 2017-2027

Table 18:   Middle East and Africa Cycling Helmet Market Size, By Country, By Value, 2017-2027

Table 19:   Smith Optics Inc. Financial Analysis

Table 20:   Trek bicycle corporationFinancial Analysis

Table 21:   Specialized Bicycle Components, Inc. Financial Analysis

Table 22:   Oakley Inc. Financial Analysis

Table 23:   POC sportsFinancial Analysis

Table 24:   August Bremicker und Söhne KGFinancial Analysis

Table 25:   Limar SrlFinancial Analysis

Table 26:   SCOTT Sports SAFinancial Analysis

Table 27:   Canyon Bicycles GmbHFinancial Analysis

Table 28:    KASK s.p.aFinancial Analysis

Table 29:    Uvex SportsFinancial Analysis

Table 30:    Dorel IndustriesOrbea, Giant Manufacturing Co. Ltd. Financial Analysis

Table 31:    OrbeaFinancial Analysis

Table 32:    Giant Manufacturing Co. Ltd. Financial Analysis

 

Market Segmentation

By Type

  • MTB helmets
  • Road Helmets
  • Sports helmet

By Application

  • Daily Transportation
  • Sports/adventure

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa
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