Motorcycle Helmets Market with Attractiveness, Competitive Landscape & Forecasts to 2029

The global Motorcycle Helmets Market, valued at US$ 2.63 billion in 2022, is anticipated to witness substantial growth, reaching US$ 4.13 billion by 2029. The market is set to register a commendable Compound Annual Growth Rate (CAGR) of 6.64% throughout the forecast period.

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Report Scope and Research Methodology

The competitive landscape is examined by considering various parameters such as product offerings, revenue generation, technological advancements, and mergers and acquisitions. The report employs a bottom-up approach for Motorcycle Helmets Market estimation. Data is collected through primary and secondary databases, with both qualitative and quantitative analysis. Primary data is obtained through surveys, questionnaires, and telephonic interviews with Motorcycle Helmets market leaders and business owners. The report utilizes research tools such as SWOT, PESTLE, and Porter's Five Forces Analysis for in-depth market analysis. SWOT analysis helps organizations gain a comprehensive understanding of factors that impact business decisions in the market, while PESTLE analysis provides insights into growth targets and risks affecting market productivity. Overall, the report serves as a valuable guide for investors, stakeholders, and market followers, assisting them in making informed decisions within the Motorcycle Helmets Market.

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Regional Insights

The Asia Pacific region dominates the market with a 45% share in 2022. Renowned automakers such as Yamaha, Honda, Ducati, Harley-Davidson, and Suzuki, coupled with the growing popularity of motorcycle events, fuel market growth in the region. The report offers a detailed regional analysis, providing insights into market dynamics and trends across different geographies.

Market Drivers and Restraints

The strict implementation of government road safety regulations emerges as a major driver, with governments worldwide enacting laws mandating helmet usage. Increased sales of electric motorcycles, the popularity of luxury motorcycles, and a rising awareness of driver safety contribute to the market's positive trajectory. However, the high cost and price fluctuations of products act as a restraint.

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Market Segmentation

by Product

Full Face
Half Face
Open Face

In terms of product, full face helmets held a 60.2% market share in 2022. In the event of an accident on the road or a direct collision with an immovable object, the helmet will protect your head and guarantee complete safety. Innovative technologies and high-quality materials, such as carbon fiber, polycarbonate, and fiberglass-bolstered plastic, are being used by helmet manufacturers to reduce the weight of full-face helmets and enhance their protective qualities.

To meet the increasing demand for their products, major manufacturers like as Dainese SpA, HJC Europe S.A.R.L., Shoei Co. Ltd., and Arai Helmet Ltd. are introducing new merchandise. HJC Europe S.A.R.L., a leader in the manufacturing of excellent cycling helmets for both the general public and competitors, unveiled a cutting-edge full-face helmet for riders operating under the C70 brand name. This product has an Advanced Channeling Ventilation System (ACS) and is made of a high-quality polycarbonate shell. The market sector is expanding as a result of these causes.

by Distribution Channel

Offline
Online

In terms of distribution channel, the offline segment held a 63.3% market share in 2022. Supermarkets, comfort stores, and retailers are the main offline distribution channels in developing economies, which comprise many different nations. Some of the local manufacturers sell their motorcycle helmets through offline channels at lower prices than the premium brands. Unique designs, an extensive selection, etc. are what are propelling the market's sector expansion.

Throughout the projection period, the internet segment is anticipated to develop at a CAGR of 8%. High-speed internet and cellphones are available in developing countries like China, Vietnam, India, and Indonesia. The firms are introducing their own websites where clients may buy authentic products straight from the manufacturer.

by End User

Rider
Passenger

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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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