Motorcycle Helmet Market by Product Type (Full-face, Modular, Open-face, Half-helmets, Off-road, Dual-sports, and Others), End User (Adults and Kids), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-commerce, and Others): Global Opportunity Analysis and Industry Forecast 2021–2030
The global motorcycle helmet market was valued at $2,444.5 million in 2020, and is projected to reach $4,294.8 million by 2030, registering a CAGR of 6.1%.
Motorcycle helmet is a protective head gear worn by motorcycle riders majorly used for head and face protection. . The additional benefits provided by motorcycle helmets are face shields, ear protection, ventilation, and sun visors. Five basic types of helmets are available in the market such as full-face, off-road, modular, open-face, and half helmets.
The number of road accidents has increased over the decade. The government is taking initiatives and implementing stringent regulations to bring down the number road accidents. Regions where infrastructure is not developed properly face the issue of road accidents on a large scale; therefore, government is taking initiatives for infrastructure and road development such as A6 Randalstown to Castledawson dualling scheme of the UK and Belt & Road Initiative of China. In addition, motorcycle helmets are not only attractive and appealing but they also provide greater assurance of safety, security, and performance. The global motorcycle helmet market is expected to rise steadily in the coming years, owing to rise in demand for motorcycles.
The global motorcycle helmet market is segmented into product type, end user, distribution channel, and region. By product type, the motorcycle helmet market is categorized into full-face, modular, open-face, half-helmets, off-road, dual-sports, and others. Depending on end user, it is bifurcated into adults and kids.
By distribution channel, it is segregated into supermarkets & hypermarkets, specialty stores, e-commerce, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Asia-Pacific held the largest market share in 2020, due to increase in customer base and the development of lightweight & technologically advanced features in helmets. The popularity of motorbike events and racing championships is rising on a national and global level in this region, which is further expected to contribute toward the growth of the global market. In addition, the expansion of online distribution channel is driving the market growth in this region.
As online sales channel is gaining high traction in the motorcycle helmet industry, many brands are now adopting the strategy of omnichannel marketing. The convenience of selecting, purchasing, and receiving doorstep delivery, which attracts consumers to online channels, is expected to continue in the future, which is likely to foster the market growth. Furthermore, geographical barriers are virtually eliminated with increase in online sales. Customers are attracted toward online distribution channels, due to the convenience and variety of options offered, which is projected to open new avenues for industry expansion.
The outbreak of COVID-19 on global motorcycle helmet market had a negative impact. Owing to the implementation of lockdown and travel restrictions, people during the lockdown were forced to stay at home. As a result, the sales of motorcycle helmets declined drastically, thus hampering the market growth.
Competitive intelligence on prominent manufacturers of motorcycle helmet provides key insights in terms of strategies implemented to gain significant share in the global motorcycle helmet market. The key players operating in global motorcycle helmet market include Arai Helmets, HJC Helmets, Manufacturas Tomas SA, Nolan Helmets SPA, Schuberth GMBH, Shark Helmets, Shoei Co. Ltd, Studds Accessories Ltd, Bell Helmet, and Dainese S.P.A.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of current trends, estimations, and dynamics of the global motorcycle helmet market from 2021 to 2030 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. The market player positioning segment facilitates benchmarking while providing a clear understanding of the present position of the key market players.
The report includes analyses of the regional as well as global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
By Product Type
Full-face
Modular
Open-face
Half-helmets
Off-road
Dual-sports
Others
By End User
Adults
Kids
By Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
List of Company Profiles
Arai Helmets
HJC Helmets
Manufacturas Tomas SA
Nolan Helmets SPA
Schuberth GMBH
Shark Helmets
Shoei Co. Ltd
Studds Accessories Ltd
Bell Helmet
Dainese S.P.A.
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