Mexico Motorcycle Helmet Market Overview, 2028

Mexico Motorcycle Helmet Market Overview, 2028

The automotive sector is one of the major contributors to the market for motorcycle helmets in Mexico. In recent years, there has been a growing demand for motorcycles in Mexico, driven by factors such as increasing traffic congestion, rising fuel costs, and the need for cost-effective and flexible transportation options. As a result, several automotive manufacturers have entered the Mexican motorcycle market, either by setting up local manufacturing operations or by importing motorcycles from other countries. Some of the major automotive manufacturers with a presence in the Mexican motorcycle market include Honda, Yamaha, Kawasaki, and Harley-Davidson, among others. The market for motorcycle helmets in Mexico is mainly driven by the transportation sector, which includes both commercial and personal motorcycling. With the increasing urbanisation and growing population, many people in Mexico are turning to motorcycles as an efficient mode of transportation to navigate through the busy city streets. This has led to a surge in demand for motorcycle helmets, as they are a crucial safety accessory for riders. The Mexican government has enacted various helmet-related regulations, requiring the use of helmets while riding motorcycles on public roads. As more people become aware of the importance of wearing helmets while riding motorcycles, the market for motorcycle helmets has expanded. Mexico's tourism industry has also aided the market for motorcycle helmets. Motorcycle tours and rallies are popular in Mexico, and many tourists rent motorcycles to explore the country. Riders are required by rental companies to wear helmets while riding, which has increased demand for motorcycle helmets.

According to the research report, “Mexico Motorcycle Helmet Market Overview, 2028” published by Bonafide Research, the Mexico market is expected to grow at more than 6.5% CAGR from 2023 to 2028. Motorcycle helmets are in high demand in Mexico due to the increasing popularity of motorcycles as a mode of transportation. This demand is expected to rise in the coming years as riders become more aware of the importance of wearing a helmet. Manufacturers of motorcycle helmets are constantly innovating and developing new technologies to improve helmet safety and comfort. As a result, smart helmets with built-in cameras, communication systems, and even heads-up displays have been developed. These advancements are attracting more consumers to purchase higher-end helmets, driving market growth. Based on research the market is segmented into smart and non-smart helmet. Among them the smart helmet is expected to gain to maximum market share of motorcycle helmet in Mexico during the forecast period 2022 to 2028.

The market is divided into three categories: full face, half face, and off-road racing. Among them, the full-face helmet had the highest market share. During the forecast period, the full-face helmet is expected to dominate the Mexican helmet market. Because they cover the entire head, including the face and chin, full-face helmets provide the most protection for riders. As a result, they are the safest choice for motorcyclists and bicyclists, particularly in high-speed or high-impact situations. Because they have a secure fit and can provide better ventilation and noise reduction, full-face helmets are often more comfortable to wear than other types of helmets. They also protect riders from the elements such as wind, rain, and snow, making for a more comfortable riding experience. Full-face helmets are available in a variety of styles and designs, making them a popular choice among riders who want to express their individuality. They can be customised with graphics, colours, and other elements to create a one-of-a-kind look.

The market is segmented into offline and online distribution channels. Currently, the offline distribution channel dominates the market. During the forecast period, the online segment is expected to dominate the helmet market in Mexico significantly. Customers can browse and purchase helmets from the comfort of their own homes, eliminating the need to visit a physical store. This is especially useful for customers who don't live near a motorcycle or bicycle shop or who have hectic schedules and little time to shop in person. Because they have lower overhead costs and can take advantage of economies of scale, online retailers frequently offer lower prices on helmets than brick-and-mortar stores. This can make it more affordable for customers to purchase high-quality helmets.

The market is divided into two segments based on end users: riders and passengers. During the forecast period, the rider segment will account for the majority of the helmet market in Mexico. The rider segment is the most important market for helmets in the Mexico for several reasons. Motorcycle riding is a popular recreational activity as well as a mode of transportation in Mexico, with millions of riders hitting the road each year. As a result, there is a significant market for motorcycle helmets, with many riders looking for high-quality, long-lasting helmets that will keep them safe in the event of an accident. Helmets are required by law in many states for motorcycle riders.

There are several local manufacturers of motorcycle helmets in Mexico HJC Helmets: HJC Helmets is a Mexican manufacturer of motorcycle helmets. The company produces a range of helmets, including full-face, modular, and open-face helmets, and has been in operation for over 45 years. Voss Helmets: Voss Helmets is a Vancouver-based manufacturer of motorcycle helmets. The company produces a range of helmets, including full-face, half, and open-face helmets, and is known for its innovative designs and technologies.

There are several local manufacturers of motorcycle helmets in Mexico BKR Helmets - based in Mexico City, BKR Helmets specializes in producing affordable, high-quality helmets for both street and off-road use. EVO Helmets - located in Guadalajara, EVO Helmets produces a range of helmets for different types of motorcycling, including sports, touring, and off-road. NZI Helmets - based in Leon, NZI Helmets is a family-owned business that has been producing helmets for over 30 years. They offer a variety of helmets for different riding styles, including full-face, open-face, and modular. Shiro Helmets - based in Monterrey, Shiro Helmets offers a wide range of helmets for different types of riders, including commuters, touring riders, and off-road enthusiasts.

Considered in this report
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Mexico Helmet market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type:
• Full Face
• Half Face
• Off Road/ Racing

By Distribution Channel:
• Offline
• Online

By End User:
• Rider
• Passenger

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Motorcycle Helmet industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.