Bicycle Helmet Global Market Report 2024 Market Overview, Outlook, Size, Share, Demand 2024-2033 |

"The Business Research Company recently released a comprehensive report on the Global Bicycle Helmet Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The bicycle helmet market size has grown strongly in recent years. It will grow from $0.79 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to growing focus on health and fitness, extensive media coverage highlighting cycling safety, e-commerce growth, rising disposable income, preference for cycling over congested roads.

The bicycle helmet market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing awareness of safety, stringent regulations mandating helmet use, rising number of cyclists, expansion of urban areas, longevity and durability of modern helmets. Major trends in the forecast period include innovation in helmet materials and design, helmets incorporating communication and navigation features, demand for personalized helmet designs, cycling infrastructure development, partnerships with bicycle manufacturers.

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Market Drivers and Trends:

The rising popularity of cycling is expected to propel the growth of the bicycle helmet market going forward. Cycling is the activity or sport of riding a bicycle for transportation, recreation, exercise, or competition. Cycling is increasing due to its health benefits, environmental friendliness, and growing infrastructure supporting bike travel. Bicycle helmets are required for cycling to protect riders from head injuries in the event of accidents or falls. For instance, in August 2023, according to the report published by the Department for Transport, a UK-based ministerial department, as with the previous year, people aged 40 to 49 indicated high cycle ownership at 50%, closely followed by those aged 50 to 59 at 45%, aligning with the modal age for cycling activity in England. There was an increase in pedal cycle ownership during the pandemic, with 47% of respondents owning or having access to a pedal cycle in both 2020 and 2021, bringing levels back in line with pre-pandemic trends. Therefore, the rising popularity of cycling is driving the growth of the bicycle helmet market.

Major companies operating in the bicycle helmet market are developing innovative products, such as cable lock helmets, to enhance rider safety and convenience, promoting increased usage among cyclists. Cable lock helmets refer to helmets that incorporate a built-in cable lock mechanism, allowing cyclists to secure their helmets to their bikes when not in use, thereby preventing theft. For instance, in September 2023, Headlokt, an Australia-based bicycle helmet manufacturing company, launched a helmet that also functions as a bike lock. The bicycle helmet features an integrated, retractable stainless-steel combination lock that is both compact and flexible, designed to secure bikes, scooters, or skateboards. It complies with numerous international bicycle helmet safety standards and is approved for sale in Australia, New Zealand, the United States, and the European Union. Additionally, the helmet includes a discreet compartment for securing a Bluetooth tracker.

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Major Key Players of the Market:

Trek Bicycle Corporation, Abus Ltd., Uvex Safety Ltd., Specialized Bicycle Components Inc., Smith Optics, Fox Racing Inc., Orbea Sociedad Cooperativa, Leatt Corp., Bell Sports Inc., POC Sports, Liv Cycling, Troy Lee Designs, Schwinn Bikes, Scott Sports SA, Louis Garneau Sports Inc., BBB Cycling, Kali Protectives LLC, Triple 8, Bontrager Ltd., Lazer Helmets, Melon World GmbH, Giro, Bern Unlimited, MET Helmets, Catlike Sport Components

Bicycle Helmet Market 2024 Key Insights:

• The bicycle helmet market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
• Rising Popularity Of Cycling Drives Growth In Bicycle Helmet Market
• Innovative Bicycle Helmet With Built-In Cable Lock And Bluetooth Tracker By Headlokt
• Europe was the largest region in the bicycle helmet market in 2023

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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
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Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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