Global Helmet Market 2022 Driving Factors Forecast Research 2028

The global helmet market is anticipated to grow at a CAGR of 4.8 % during the forecast period (2022-2028). The global helmet market is growing due to the high purchasing cost of luxury bikes globally. The lack of proper roads and safety infrastructure is pushing riders to wear the helmet which will further propel the growth of the global helmet market. The increasing trend for road trips and tourism activities with the bike is also boosting the market growth. The increasing road trip campaign and advertisement by the bike manufacturing companies to initiate road trips globally further driving the growth of the global helmet market in the forecast period.

Road accidents are considered one of the serious issues across the globe. The rising government initiatives and various vehicle regulations and traffic acts are expected to reduce the rate of accidents. Various governments are aiming at different strategies to reduce the number of accidents. The awareness among the riders and the pillion about different road accidents has realized the uses and advantages of helmets and is expected to drive the growth of the market. Various governments have mandated that motorcyclists wear helmets in most nations. The increasing precautions by the government along with strict regulations and spreading awareness regarding accidents is further boosting the demand for helmets.

The increasing use of the internet and social media platforms by the manufacturers by collaborating with various content creators and social media influencers in different new helmet launches and their advantages is further expected to boost the demand for helmets. Additionally, the rise in technological advancement in helmets to help riders to ride easily and efficiently by avoiding road accidents is also boosting the growth of the market. Smart helmets come with GPS connectivity, tracking systems, cameras, voice assistance, Bluetooth connectivity, Wi-Fi connectivity, and emergency buttons and are connected with smartphones and also allow the rider to make, accept, and reject calls. Furthermore, the rise in disposable income in emerging economic countries such as India and China, and the changing preference of the users towards stylish helmets along with the growing biking community are further expected to support the growth of the global helmet market during forecast period.

Some major players in the market include Shoei Co. Ltd., Arai Helmets, Shark Helmets, HJC Helmets, Manufacturas Tomas SA, Bell Helmet, Nolan Helmets SPA, Schuberth GMBH, Studds Accessories Ltd., and Dainese S.P.A. among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2021, the Federation Internationale de l'Automobile announced its partnership with steelbird.com for its global road safety program and to provide a high-quality helmet.

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Market Coverage
• The market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Shoei Co. Ltd., Arai Helmets, Shark Helmets, HJC Helmets, Manufacturas Tomas SA, Bell Helmet, Nolan Helmets SPA, Schuberth GMBH, Studds Accessories Ltd., Dainese S.P.A., and others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Helmet Market Report by Segment

By Type
• Full Face
• Half Face
• Open Face

By Application
• Individuals
• Commercial

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