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Motorcycle Helmet Market 2024 -2033: Global Outlook, Industry Share, Business Growth And Major Players
Motorcycle Helmet Market
Motorcycle Helmet Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.3 billion In 2028 At A CAGR Of 6.4%.
The motorcycle helmet market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased motorcycle ownership, increased concerns for rider safety, motorsports and racing events, globalization of motorcycle brands, government initiatives for rider safety.
The motorcycle helmet market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing adoption of electric motorcycles, focus on lightweight and comfortable designs, global popularity of adventure riding, stringent safety standards and regulations, consumer education programs. Major trends in the forecast period include strategic collaborations, integration of advanced materials, innovations in helmet design, smart helmet technologies, customization and personalization.
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Motorcycle Helmet Market Major Segments
The motorcycle helmet market covered in this report is segmented -
1) By Product Type: Full-Face, Modular, Open-Face, Half-Helmets, Off-Road, Dual-Sports, Other Product Types
2) By Distribution Channel: Offline, Online
3) By End-User: Rider, Passenger
Key Driver - Surging Demand For Two-Wheeled Vehicles Accelerates Growth In The Motorcycle Helmet Market
The rise in demand for two-wheeled vehicles is expected to boost the growth of the motorcycle helmet market going forward. Two-wheeler vehicles refer to motorized automotive vehicles such as scooters, motorcycles, and mopeds that have only two wheels with the motor and engine connected to each wheel. Motorcycle helmets Wearing a motorcycle helmet lowers the chance of dying or suffering a significant brain injury because it absorbs more impact energy during falls and collisions than the rider's head and brain would. For instance, in February 2023, according to MotorCycles Data, a UK-based sales data reporting company for motorcycle brands, the sales of Honda Motor Co. Ltd., a Japan-based automobile, motorcycle, and two-wheeler manufacturing company, reached 17.6 million, an increase of 4.9% from the previous year with a 29.4% market share worldwide. Additionally, according to the National Safety Council, a US-based nonprofit public service organization, between 2020 and 2021, there was an 8% increase in motorcycle-related fatalities. Therefore, the rise in demand for two-wheeled vehicles is driving the growth of the motorcycle helmet market.
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Prominent Trend - Innovative Motorcycle Helmet With Enhanced Features
Product innovations are a key trend gaining popularity in the motorcycle helmet market. Major companies operating in the motorcycle helmet market are involved in developing new products as well as adding new features to their products to sustain their position in the market. For instance, in May 2023, Caberg S.p.A., an Italy-based motorcycle helmet manufacturing company, launched the Caberg Riviera V4 X, the latest jet-style motorcycle helmet model with ECE 22.06 certification. The latest and highest standard for motorcycle safety equipment, ECE 22.06 certification, is included with the Caberg Riviera V4 X. The Caberg Pro Speak Evo intercom system installation is also compatible with the certification. The visor itself and other aspects of the helmet are designed to lessen the effect of air resistance at faster speeds.
Motorcycle Helmet Market Players
Major companies operating in the motorcycle helmet market report are Harley-Davidson Inc., Schuberth GmbH, Dainese SpA, Shoei Co. Ltd, Alpinestars SpA, Nolan Helmets SpA, GIVI, Studds Accessories Limited, Steelbird Hi-Tech India Ltd., Ergodyne Corporation, Icon Motorsports, Caberg SpA, AGV Helmets, Shark Helmets, HJC Helmets, Nolan Helmets S.p.A., Vega Auto Accessories Pvt. Ltd., LS2 Helmets, Manufacturas Tomás SA, Arai Helmet Limited, ScorpionEXO, Bell Helmets, The Enfield Cycle Company, KBC Helmets, Balaji Industries, NEXX Helmets, JI Justness Industrial Co. Ltd., Onward Helmet Co. Ltd., Anbu Safety Industry Co. Limited
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the motorcycle helmet market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle helmet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Motorcycle Helmet Market Report Structure
3. Motorcycle Helmet Market Trends And Strategies
4. Motorcycle Helmet Market - Macro Economic Scenario
5. Motorcycle Helmet Market Size And Growth
…..
27. Motorcycle Helmet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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