Global Bike Helmets Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Bike Helmets Market 2021: By Type (MTB helmets, Road helmets, Sport helmets), By Application (Commuter and recreation, Sport games)

Global Bike Helmets Market is the title of an upcoming and exhaustive market research report offering by Trusted Business Insights. We have considered and analyzed a wide range of critical factors, along with in-depth study and validation, and data and information is presented in a report that is well-planned and designed. In addition to revenue share of each segment, region, and country, revenue growth factors and scenarios, restraints, and opportunities in untapped regions and economies, along with related threats and challenges are included. The company profiles section contains descriptions and details of key players. It also includes recent developments, strategies, and acquisitions and mergers etc. 

The Global Bike Helmets market size was valued at USD $3.98 Billion in 2020, USD $4.33 Billion in 2021, forecasted to reach  USD $4.7 Billion in 2022, and is projected to reach USD $11.53 Billion by 2030, and is anticipated to expand at a CAGR of 8.58% over the forecast period from 2020 to 2030.

Overview

Bike helmets are safety accessories for use while using or riding a bicycle or motorcycle, and is primarily designed to protect the head of the user. Helmets help to prevent or minimize potential head injuries arising from unforeseen circumstances such as falls, tumbles, and road accidents. Helmets protect the skull and human brain from impact, and are a mandatory accessory to be worn while on the road in many countries. Helmets also come with additional features such as ventilator slats and air entry points, face shields and visors, offer ear protection, as well as have a built-in intercom system etc.

Global Bike Helmets Market: Dynamics

Drivers: Increase in the number of road accidents annually, especially in developing and under-developed economies, is leading to increasing safety concerns and promoting or encouraging the use of helmets. Stringent regulatory norms and government rules pertaining to road safety is expected to continue to drive demand for helmets. It is also mandatory for driver as well as pillion to wear a helmet that adhere to pre-requisite specifications and standards in many countries, both developed and developing.

As a result of increasing number of two-wheeler and three-wheeler models being designed, developed, and launched in the global market owing to rising popularity of off-roading for pleasure as well as a professional sport, more new and more efficient and durable helmets are being designed and introduced in the market. These are among some of the major factors expected to drive growth of the target market. Increasing disposable income is also contributing to expansion of consumer base. Improving economic conditions and rising per-capita income of consumers in developing countries is another factor. The number of riders, including female as well as male riders, has been growing significantly, and this is also contributing significantly to market growth. Growing popularity of riding and racing events and increasing participation in such events is lead to rising demand for bike helmets.

Restraints: Low awareness and total disregard for personal safety, as well as less stringent regulations regarding implementation of regulations and low or poor emphasis placed on importance of road safety among individuals from underdeveloped countries is expected to restrain market growth to a certain extent.

Global Bike Helmets Market Segmentation Analysis:

By Type: Among the type segments, the MTB helmets segment is projected to account for majority revenue share as compared to the other segments such as road helmets and sport helmets segments.

By Application: Among the application segments, the commuter and recreation segment is projected to account for majority revenue as commuters make up the largest consumer base, especially in developed countries, as well as some countries in Asia Pacific such as China and Japan, and others.

Global Bike Helmets Market Regional Analysis:

The market in Europe is projected to account for largest revenue share in the global market owing to significant improvements in the automobile sector and increasing production of safety gear and accessories. The market in Asia Pacific is expected to register a higher Compounded Annual Growth Rate (CAGR) during the forecast period due to increase in sales of two-wheelers, especially in countries such as China and India. Growth in disposable income in these countries are among some of the key factors expected to contribute significantly to market growth.

Below are the leading companies profiled in this Bike Helmets Market Report:

  
ABUS
  
2Fox Racing
  
Dorel Sports (Canada)
  
Gant
  
Giant
  
GUB
  
HardnutZ
  
KASK S.p.a. (Italy)
  
LAS helmets
  
Lazer
  
Limar Srl (Italy)
  
Louis Garneau
  
Mavic
  
Merida
  
MET-Helmets (Italy)
  
Moon Helmet
  
OGK KABUTO
  
One Industries
  
Orbea (Spain)
  
POC
  
Rudy Project
  
SCOTT Sports SA. (Switzerland)
  
SenHai Sports Goods
  
Shenghong Sports
  
Specialized Bicycle Components (US)
  
sports
  
Strategic Sports
  
Trek Bicycle Corporation (US)
  
Urge
  
Uvex Sports (Germany)
  
Vista Outdoor Operations LLC (US)

Global Bike Helmets Market Segmentation:

By Type

  
MTB helmets
  
Road helmets
  
Sport helmets

By Application

  
Commuter and recreation
  
Sport games
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Bike Helmets market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Bike Helmets market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Bike Helmets market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Bike Helmets market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Bike Helmets market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Bike Helmets market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Bike Helmets industry?