Global Bike Helmet Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Bike Helmet Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A bike helmet is a helmet designed to attenuate impacts to the head of a cyclist in falls while minimizing side effects such as interference with peripheral vision. Bike Helmet can be divided into MTB helmets, road helmets, etc., which are widely used in commuter & recreation and sport games.

Market Overview:

The latest research study on the global Bike Helmet market finds that the global Bike Helmet market reached a value of USD 857.93 million in 2022. It’s expected that the market will achieve USD 1060.28 million by 2028, exhibiting a CAGR of 3.59% during the forecast period.

The epidemic has changed people's consumption patterns and consumption concepts.

Under the influence of COVID-19 epidemic, the government ordered to reduce travel, and major supermarkets and shopping malls were closed. People could not buy Bike Helmet in stores, but could only buy Bike Helmet online. The e-commerce industry has developed rapidly under the influence of the epidemic, which has changed people's consumption patterns and consumption concepts. It is more convenient and quick to buy on the Internet, and the rise of the sales model combined with the Internet has increased people's demand for Bike Helmet, thus promoting the development of the Bike Helmet industry.

The production and sales of Bike Helmet are affected

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, especially labor-intensive industries, affected by the supply of raw materials and labor shortages.
For the Bike Helmet industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some small factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Traffic congestion will prompt people to change the way they travel

Increasing traffic congestion and a shortage of parking spaces, especially in large cities, have prompted people to consider cycling short distances to save time. Bicycles are the first choice for short commutes because they save a lot of time compared to other vehicles. At the same time, governments around the world are actively promoting the infrastructure necessary to support bicycle commuting, thus encouraging people to choose bicycles. The growing popularity of cycling as a leisure and awareness of the health benefits associated with cycling is expected to contribute to the growth of the bicycle market. As a result, there will be a growing demand for helmets for commuting.
Secondly, people have begun to realize the importance of keeping healthy and living a healthy life. They are also beginning to realize that regular cycling can stop diseases such as obesity. With more and more people cycling as a regular form of exercise, changing awareness is also one of the key drivers of the market.

The convenience of Internet and the development of e-commerce

With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Bike Helmet industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Bike Helmet industry.

Region Overview:

North America dominated the Bike Helmet market in 2022, with a market share of 39.13%.

Company Overview:

Vista Outdoor is one of the major players operating in the Bike Helmet market, holding a share of 18.81% in 2023.

Vista Outdoor

Vista Outdoor Inc. is an American designer, manufacturer, and marketer of outdoor sports and recreation products. It operates in two markets: shooting sports and outdoor products. It is a house of brands with more than 40 labels and subsidiaries. Vista Outdoor is the parent company to many ammunition makers, including Federal Ammunition.

Giant

Giant Manufacturing Co. Ltd. (commonly known as Giant) is a Taiwanese bicycle manufacturer, recognized as the world's largest bicycle manufacturer. Giant has manufacturing facilities in Taiwan, the Netherlands, China, and Hungary. Most of its merchandise is destined for the European Union, the United States, Japan and Taiwan.

Segmentation Overview:

As for product types, the MTB Helmets segment held the largest market share in 2022.

Application Overview:

By application, the Commuter & Recreation segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Bike Helmet market covered in Chapter 3:

KASK SPA
Mavic
Vista Outdoor
OGK KABUTO
Specialized Bicycle Components
MET Helmets
Trek Bicycle
ABUS
Giant
LIMAR Srl
Scott Sports

In Chapter 4 and Chapter 14.2, on the basis of types, the Bike Helmet market from 2018 to 2029 is primarily split into:

MTB Helmets
Road Helmets
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Bike Helmet market from 2018 to 2029 covers:

Commuter & Recreation
Sport Games

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)