Bike Helmets Market Size, Industry Share Forecast 2028

According to Precision Business Insights (PBI) latest report, the bike helmets market is expected to be worth USD 9,124.0 million in 2022, growing at a 9.7% CAGR from 2022 to 2028. Increased disposable income, purchasing power, bike riding events, and rising bike sales are all projected to drive up bike helmet sales during the projection period. Bike helmets have multiple functions, including head protection, improved visibility, weather protection, and the ability to accept communication devices. Increased environmental concerns have resulted in an increase in the number of bikes worldwide. In recent years, the rising number of sports bike and motorbike fans, as well as growing worries about road accidents around the world and strict regulatory regulations, are expected to drive the adoption of two-wheeler helmets while riding.

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Full-face Helmet Segment are Dominate the Bike Helmets Market:
Full-face helmet segment expected to account for larger revenue share in global bike helmets market with value share in global market and projected to grow at x% CAGR over 2022 and 2028. Advanced materials such as fiberglass reinforced plastic and carbon fiber are being used by manufacturers to reduce the weight of full-face helmets, making them more comfortable to wear and safer to use. Vendors are also personalizing the helmets with innovative features like Bluetooth connectivity to create new revenue streams. It is expected to maintain its market dominance.

Asia Pacific Leads Bike Helmets Market:
Asia Pacific is expected to hold the x% market share in the global Bike Helmets Market in the forecast period, and it is projected to grow at a CAGR of x% in the coming years. Asian countries, such as India and China, the world's largest bike markets, have seen a surge in premium bike offerings. India, the largest bike market, has seen and is seeing a shift in customer preference toward sportier and more fantastic machines. As a result, many cruiser manufacturers, like as Triumph, Indian, Harley-Davidson, and others, have expanded their offerings. In India, about 19 million bikes were sold in 2018, compared to around 17.2 million in 2017. Over 11.5 million cruisers were sold in the 2018 bike deals. This resulted in the expansion of bike helmet sales. Government laws on automobile safety standards sustain a robust demand for bike helmet sales.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global bike helmets market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region. For instance, In October 2021, HJC premium helmet manufacturer announced that the company is working with Red Bull Racing to launch the first ever Red Bull licensed helmets for its consumer base. Company forefront collaborated with Red Bull to help it to design a very special helmet, i.e., RPHA 1 Red Bull Austin GP helmet. In October 2021, Royal Enfield introduced a new range of its limited-edition helmets amid the celebration of its 120th anniversary. The helmet is open face helmet that weighs around 1,280 grams approximately.

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The bike helmet market is segmented based on type, end-user, distribution channel, and geography:
Based on the type, the market is segmented into the following:
• Full-face
• Modular
• Open-face
• Half-helmets
• Off-road
• Dual-sports
• Others

Based on the end user, the market is segmented into the following:
• Adults
• Kids

Based on the distribution channel, the market is segmented into the following:
• Supermarkets & Hypermarkets
• Specialty Stores
• E-commerce
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key players' profiles in the bike helmets market report are Vista Outdoor, Dorel, Specialized, Trek Bicycle, Merida, Giant, ABUS, Mavic, Scott Sports, KASK, and MET.

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