Press release
India Motorcycle Helmets Market Poised for Significant Growth by 2030
India Motorcycle Helmets Market
The India Motorcycle Helmets Market is set for significant expansion, driven by increasing road safety awareness, strict government regulations, and a surge in motorcycle sales. The market, valued at USD 584.71 Mn in 2023, is expected to grow at a CAGR of 7.1%, reaching US$ 945.08 Mn by 2030. With a rising number of two-wheeler commuters, especially in urban regions, the demand for high-quality and certified helmets is on the rise.
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Competitive Landscape
The market is highly competitive, with key players focusing on innovation, lightweight materials, and enhanced safety features. Prominent companies include Studds Accessories Ltd, Steelbird Hi-Tech India Ltd, Vega Auto Accessories Pvt. Ltd, SMK Helmets, and LS2 Helmets. These companies are investing in R&D to introduce advanced helmet technologies such as Bluetooth-enabled and anti-fog visor helmets.
Market Growth Drivers & Opportunities
Several factors contribute to the market's anticipated growth:
Rising Two-Wheeler Sales: Motorcycles remain the preferred mode of transportation in India, with the two-wheeler industry expected to grow significantly. This surge directly boosts the demand for helmets.
Stringent Government Regulations: To enhance road safety, the Indian government has implemented strict regulations mandating helmet use. These measures aim to reduce fatalities and injuries, thereby driving helmet adoption.
Safety Awareness: Increasing awareness about road safety and the protective benefits of helmets has led to a cultural shift among riders, further propelling market growth.
Technological Advancements: Innovations in helmet design, such as the development of indigenous carbon fiber helmets, offer enhanced safety features and comfort, attracting more consumers.
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India Motorcycle Helmets Market Segmentation
by Material Type
Kevlar
Fiber Glass
Carbon Fiber
Plastics
Others
by Category
Conventional Helmet
Smart Helmet
by Product
Full Face
Half Face
Open Face
Others
by Distribution Channel
Offline
Online
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Market Key Players
1. Paras Industries India
2. M S A (India) Ltd
3. Studds
4. Steelbird Hi-Tech India Ltd.
5. LS2 Helmets
6. Royal Enfield Helmets
7. Vega Auto Accessories Pvt. Ltd.
8. Wrangler Helmets
9. Aerostar Helmets Pvt. Ltd.
10. Armex Auto Industries
11. HJC Helmets
12. Nikpol India
13. Aaron Helmets Pvt. Ltd.
14. Ergo Helmets and Accessories Pvt. Ltd.
15. Gliders Helmet
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