Motorcycle Helmets Market Set to Surge, Projected to Reach USD 4.13 Billion by 2029

Motorcycle Helmets Market Scope :

In order to gather information, Maximize Market Research performed primary research surveys of motorcycle helmet manufacturers, suppliers, and dealers. The study's scope covered market potential, the legal and political climate, consumer behaviour, the effects of technology, and industrial rivalry. Data has been gathered at the regional level to investigate the national markets. We investigated the development potential and entry barriers for the motorcycle helmets market. The report provides a thorough understanding of the motorcycle helmets industry for stakeholders, investors, companies, and new entrants.

For the Motorcycle Helmets Market report, the data was gathered using primary and secondary research methodologies to produce accurate judgements. From industry specialists, primary data was gathered. Secondary information was gathered from official databases of numerous organisations and government websites, business magazines, white papers, annual reports, product announcements from suppliers and manufacturers in the motorcycle helmets sector, paid and open-source databases, and industry journals. A bottom-up technique was utilised to estimate the size of the motorcycle helmets market on a segment, regional, and global scale.

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Motorcycle Helmets Market Growth :

Helmets for riders Market size was estimated to be US$ 2.63 billion in 2022, and by 2029, it is anticipated to grow to US$ 4.13 billion, with a CAGR of 6.64%.

Motorcycle Helmets Market Segmentation

Motorcycle Helmets Market by Product

Full Face
Half Face
Open Face

By product, Full Face helmets held the majority of the market in 2022 with a 60.2% share. It offers all of the protection that a helmet offers its wearers, protecting their heads in the event of road accidents or direct collisions with immovable objects. To make complete-face helmets lighter and more aesthetically pleasing while yet providing exceptional protection, the helmet manufacturers are implementing cutting-edge technology and using premium materials like polycarbonate, carbon fibre, and fibreglass reinforced plastic.

Major manufacturers including Dainese SpA, HJC Europe S.A.R.L, Shoei Co. Ltd, and Arai Helmet Ltd are introducing new products to meet the rising demand for goods. A cutting-edge full-face helmet for racers was released by HJC Europe S.A.R.L., a pioneer in the development of excellent bike helmets for both the general public and cyclists.

Motorcycle Helmets Market by Distribution Channel

Offline
Online

By distribution channel, the Offline category held a commanding 63.3% share of the market in 2022. The main offline distribution channels in developing economies, which encompass numerous countries, include retailers, supermarkets, and convenience stores. Some local manufacturers sell their motorcycle helmets through offline channels for less money than the premium brands. Exclusive designs, a wide range of price points, etc. are some of the elements propelling segment expansion in the market.

Through the projection period, the online segment is anticipated to develop at a CAGR of 8%. High-speed internet and cellphones are accessible in developing nations including Vietnam, China, Indonesia, and India. The agencies are developing their own websites where buyers can immediately buy real goods from the source.

Motorcycle Helmets Market by End User

Rider
Passenger

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Motorcycle Helmets Market Regional Insights

The Asia Pacific region leads the Motorcycle Helmets Market, commanding a significant 45% share in 2022. Prominent automakers and the popularity of national and international motorcycle events contribute to the region's dominance. Rapidly expanding consumer bases and technologically advanced helmet features drive growth in this region.

Motorcycle Helmets Market Key Players

1. Safety Helmets MFG, 2. YEMA, 3. Chih Tong Helmet, 4. Suomy, 5. NZI, 6. Studds, 7. YOHE, 8. LAZER, 9. PT Tarakusuma Indah, 10.Jiujiang Jiadeshi, 11.OGK Kabuto, 12.Hehui Group, 13.Airoh, 14.Pengcheng Helmets, 15.Bell Helmets, 16.Scuberth GmbH, 17.Shoei Co. Ltd, 18.HJC Helmets, 19.Shark Helmets, 20.AGV Helmets, 21.Arai Helmet Ltd, 22.Nolan Helmets, 23.Nanhai Xinyuan Helmets

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Drivers:

Strict government road safety regulations play a pivotal role in propelling the market forward. Governments across the globe, both in developed and developing nations, have implemented stringent helmet laws. For instance, India's Tier II and Tier III cities have enforced helmet mandates, bolstering traffic safety.

The rising adoption of electric motorcycles and bicycles, particularly in low- and middle-income countries, is expected to fuel the Motorcycle Helmets Market. Increasing sales of luxury motorcycles and the growing popularity of motorcycles in racing events create further opportunities for helmet manufacturers. Additionally, heightened awareness and initiatives for driver safety are driving consumer preferences towards high-quality safety equipment.

Restraints:

However promising, the market faces restraints due to factors like high product costs and price fluctuations. These challenges can impact the market's growth trajectory.

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