Motorcycle Helmet Market
Growth Factors of Motorcycle Helmet Market
The global motorcycle helmet market size was valued at USD 10.41 billion in 2023 and is projected to grow from USD 12.37 billion in 2024 to USD 34.14 billion by 2032, exhibiting a CAGR of 13.5% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the bike helmet market by inflicting manufacturing delays and delivery chain troubles, reducing sales. However, as regulations eased and bike use grew, demand started to recover, with an emphasis on superior protection and comfort, impeding the motorcycle helmet market growth.
The bike helmet market is pushed through increasing motorcycle possession, growing safety consciousness, and technological improvements in helmet design. Enhanced safety capabilities, including advanced effect safety and comfort, stringent guidelines, and increasing client choices for top-notch helmets, boost the marketplace boom.
Advanced protection capabilities are becoming increasingly commonplace in motorbike helmets, enhancing rider protection and lowering the chance of injuries. Electronic balance management (ESC) structures can stumble on an accurate lack of manipulation, preventing capability crashes. Head-up presentations (HUDs) provide crucial facts immediately in the rider's field of vision, minimising distractions and improving situational consciousness, expanding the motorcycle helmet market share globally. Additionally, a few helmets include emergency communique structures that could mechanically alert emergency offerings in case of a twist of fate, ensuring prompt help. These superior features contribute to a more secure and more fun driving experience for bike fans.
Comprehensive Analysis of Motorcycle Helmet Market
The motorcycle helmet market is segmented into product kinds and distribution channels. By product kind, the market consists of full-face, open-face, and half-helmets. Full-face helmets dominate because of their complete protection, advanced materials, and functions, like the Bluetooth era. Open-face helmets offer less safety but are lighter, while half provide minimal coverage and fewer technological enhancements. The marketplace is divided into online and offline income by distribution channel. Although offline income presently leads due to the capability to strive helmets in men or women, online sales are developing rapidly, driven by the benefit of 24/7 buying, a vast product variety, and attractive deals.
The Asia Pacific region led the motorcycle helmet market by benefitting a size of USD 8.34 billion in 2023 due to the competition between India and China, the world’s two biggest wheeler markets; the location is anticipated to lead the marketplace for the forecast duration.
The leading players in the motorcycle helmet market significantly influence its growth trajectory and set industry standards. These key players, including Shark Helmets (France), ARAI Helmets (Japan), Manufactures Tomas SA (Spain), Nolan Helmets SpA (Italy), Shoei Co. Ltd. (Japan), Bell Helmet (U.S.), Studds Accessories Ltd. (India), Schuberth GmbH (Germany), Steelbird Helmets (India), Dainese SpA (Italy), and Vegaauto (India), contribute to a competitive landscape, driving innovation and market advancement.
IN March 2024, Steelbird Hi-Tech India, a leading helmet manufacturer, is set to make investments of USD 2.5 billion in setting up a new production plant in Hosur, Tamil Nadu. This funding is a part of the organisation's growth strategy to address the growing demand from OEMs (Original Equipment Manufacturers) and the aftermarket.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Estimated Year 2024
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 13.5% (2024-2032)
Unit Value (USD Billion)
Segmentation By Product Type
- Full Face
- Open Face
- Half Face
By Distribution Channel
- Online
- Offline
By Geography
- North America (By Product Type, By Distribution Channel)
- U.S. (By Distribution Channel)
- Canada (By Distribution Channel)
- Mexico (By Distribution Channel)
- Europe (By Product Type, By Distribution Channel)
- U.K. (By Distribution Channel)
- Germany (By Distribution Channel)
- France (By Distribution Channel)
- Rest of Europe (By Distribution Channel)
- Asia Pacific (By Product Type, By Distribution Channel)
- China (By Distribution Channel)
- Japan (By Distribution Channel)
- India (By Distribution Channel)
- Rest of APAC (By Distribution Channel)
- Rest of the World (By Product Type, By Distribution Channel)
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