Bike Helmet Market Growth Projections: Forecasted CAGR of 5.35% to Reach USD 1.4 Billion by 2032

Bike Helmet Market Insights
In 2022, the bike helmet market was estimated to be worth USD 0.9 billion. Based on forecasts, the bike helmet market is expected to increase at a compound annual growth rate (CAGR) of 5.35% from USD 1.0 billion in 2023 to USD 1.4 billion by 2032. The main factors propelling the market's expansion are the rise in bike accidents, stringent laws mandating helmet use, and a propensity for professional cycling events.

𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐅𝐢𝐥𝐞 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.marketresearchfuture.com/sample_request/8022

The Bike Helmet Market is observing increasing trends due to the public's shift toward cycling to stay healthy. The habit of cycling can diminish the increasing rates of obesity and can improve health. Therefore, the need for safety equipment and apparel is pushing. The government is also taking initiatives to use safety equipment while riding bikes. The rules have become compulsory to follow, which is supporting the market. The rise in sustainability issues has led to an upsurge in many global cyclists. The higher sales rate of cycling helmets in the forecast period leads the market to gain a higher share value. The rising disposable income drives purchasing power, and attractive bicycle riding activities. This has increased the bike sales rate globally. Moreover, the enhancements in products and advanced safety features are improving the product appearance, advancing the Bike Helmet Market.

The worldwide outburst of COVID-19 has brought huge uncertainty to the global industry. To control the spread of the COVID-19 epidemic, governments around the world had adopted lockdown interferences and stringent social distancing guidelines. As the coronavirus spread widely, people around the world had begun to practice social distancing, which led to limits on the movement and shutdowns of production lines. All these factors affected automotive sales.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Asia Pacific seized the largest market share of more than 65.0% in 2021 due to the strong buyer foothold of the two-wheeler market in countries such as China, India, Indonesia, and Vietnam. Major manufacturers involving, including DaineseSpA, Shoei Co. Ltd, Arai Helmet Ltd, and Schuberth GmbH are launching new products to gain the most customer penetration in the region.

Europe is anticipated to register the highest growth rate during the forecast period. In the global market, Europe is expected to witness the highest CAGR of 7.8% from 2022 to 2030. Motorcycle recordings in this region raised by more than 7.0% in 2021, totaling 949,470 unit recordings. However, it does not account for a substantial portion of the worldwide market as people in Europe use motorcycles for recreational or vacation purposes, while Asians use them for everyday transportation. Hence, with a growing number of electric mopeds or motorcycles, this region is projected to exhibit the highest growth rate during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.marketresearchfuture.com/ask_for_customize/8022

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
The global bike helmet market has been segmented into type and application.

Based on type, the bike helmet market has been segmented into road helmets, sports helmets, and MTB helmets. The segment of road helmets accounted for the largest market share during the forecast period. Significant market regulations that require the use of helmets in everyday travel have increased the expansion and development of the segment in most countries. In addition, the market regulations for manufacturers and producers of helmets to bring lightweight and safer goods would accelerate the development of the market. However, the sports helmet segment is projected to have the highest CAGR reported during the forecast. The increasing market pattern of sports activities, especially in developed countries, is pouring the growth of the global segment.

Based on application, the global bike helmet market has been segmented into daily travel and sports or adventure. The daily travel category accounted for a greater market share. The upsurge is motivated by the increasing number of injuries and regulation of the government mandates for the use of bike helmets for on-road bikers. In the imminent years, as a part of the forecast period, however, the growing popularity of adventure sports is expected to propel the development of the sports or adventure market. The sports section of the market is also projected to display a higher CAGR over the forecast period.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 @ https://www.marketresearchfuture.com/reports/bike-helmet-market-8022

Key Companies in The Bike Helmet Market Include -
Vista Outdoor Operations LLC
Dorel Sports
KASK S.p.a.
Trek Bicycle Corporation
Uvex Sports
Orbea
Specialized Bicycle Components
MET-Helmets
SCOTT Sports SA.
Limar Srl

Bike Helmet Industry Developments
August 2020:
The new parmetric-designed Voronoi bicycle helmet from Hexr was just released.

March 2019:
The newest WaveCel technology is available in cycling helmets from Bontrager and Trek, which have been unveiled.

𝐑𝐞𝐚𝐝 𝐎𝐮𝐫 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 -
𝐂𝐲𝐜𝐥𝐢𝐧𝐠 𝐇𝐞𝐥𝐦𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐢𝐥𝐥 𝟐𝟎𝟑𝟎 -
https://www.marketresearchfuture.com/reports/cycling-helmet-market-8200

𝐌𝐨𝐭𝐨𝐫𝐜𝐲𝐜𝐥𝐞 𝐀𝐩𝐩𝐚𝐫𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐓𝐢𝐥𝐥 𝟐𝟎𝟑𝟐 -
https://www.marketresearchfuture.com/reports/motorcycle-apparel-market-7990

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