Motorcycle Helmets Market: The Life-Saving Impact of Motorcycle Helmets – Reducing Fatal and Non-Fatal Injuries | Industry Analysis and Forecast (2024-2030)

The Motorcycle Helmets Market size was valued at USD 2.68 Bn in 2023 and the total Motorcycle Helmets Market revenue is expected to grow at a CAGR of 8.19% from 2024 to 2030, reaching nearly USD 4.65 Bn.

Motorcycle Helmets Market: Addressing Growing Fatalities and Improving Safety



Motorcycle-related fatalities have been steadily rising over the past 15 years. The most recent Global Status Report on Road Safety declared that two and three-wheelers make up 28% of all global deaths. Helmet use has been shown to consistently reduce motorcycle crash-related injuries and deaths. The most effective strategy to improve helmet use is the enactment and enforcement of universal helmet laws. Universal helmet laws command all motorcyclists of all ages to wear helmets on all roads and for all engine types, whenever they ride. The Motorcycle Helmets Market is crucial in addressing this issue, as motorcycle helmet use can lead to an estimated 42% reduction in the risk of fatal injuries and a 69% reduction in the risk of non-fatal head injuries.
Motorcycle Helmets Market Dynamics:
Growing Technological Innovations in Motorcycle Helmets Industry

Many motorcycle riders view motorcycle helmets as a needed piece of safety equipment. Various manufacturers in the motorcycle helmets market have developed high-end features to entice customers to wear helmets. Such as, some manufacturers provide helmets with integrated Augmented Reality (A.R.) that can display GPS maps and the speedometer on the visor. A notable innovation in motorcycle helmets market is the Taiwan-based company Jarvish, which introduced a motorcycle helmet made entirely of carbon fiber in July 2018. This helmet contains a back camera and a head-up display unit that can provide speed, weather, and navigation information when configured via the J.A.R.V.I.S.H. application.

Motorcycle Helmets Market: Boosted by Mounting Motorcycle Sales and Growing Safety Regulations

The growth in motorcycle sales directly contributes to the demand for motorcycle helmets. As the number of motorcycles on the road’s increases, so does the need for helmets. Developing markets are experiencing a surge in motorcycle sales, leading to a corresponding rise in helmet demand. Such as, according to the Society of Indian Automobile Manufacturers, Indian domestic sales of two-wheelers exceeded 190 million in 2021, capturing around 81% of the motorcycle helmets market share. With the growing sales of motorcycles, governments in different countries are enforcing safety regulations that consumers strictly follow. These government regulations and laws mandating the use of helmets while riding motorcycles significantly impact the demand for helmets in the motorcycle helmets market globally.

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Opportunities for Growth in Motorcycle Helmets Market:

Road traffic accidents are the main cause of fatalities and disabilities, posing a severe danger to public safety globally. According to the World Health Organization (WHO), 1.2 million individuals lose their lives, and various others sustain injuries or impairments due to traffic accidents. The most common causes of motorcycle accidents include speeding, distracted driving, drug and alcohol impairment, and improper lane usage.

The rising number of traffic accidents has led governments global to mandate the use of helmets, offering significant opportunities for growth in the Motorcycle Helmets Market. Furthermore, there is a clear correlation between the rise in motorcycle sales and the need for motorcycle helmets. Helmet use is increasing alongside the rising number of motorcyclists on the road. Emerging nations are experiencing a spike in motorcycle purchases, which is driving up the demand for helmets in the global market.

Motorcycle Helmets Market Restraints:

The increased prevalence of counterfeit helmets continues to hamper the growth of the motorcycle helmets market. These imitation helmets are falsely promoted and sold at relatively lower prices. As per the World Health Organization, malfunctioning low-quality car parts and gears cause up to 360,000 fatalities and 1.5 million injuries yearly.

Counterfeit helmets, naturally made using low-quality materials, often fail to provide adequate comfort and protection for wearers. The presence of these fake products also negatively impacts consumer perception of legitimate brands. Counterfeit helmets are particularly prevalent in Asian markets, such as China, Pakistan, and India. Thousands of fake helmets have entered these markets due to the rising demand for various types, including theme-based, athletic, designer, and sports helmets. The growing popularity of e-commerce for helmet distribution is expected to further restrain motorcycle helmets market growth, as it allows counterfeiters to easily promote their products through these channels.
Motorcycle Helmets Market Segment Analysis:
Based on Product, Full Face helmets dominated the motorcycle helmets market with a 65% share in 2023. It provides whole safety that the helmet gives to the customers which will save you their head in case of avenue accidents, or direct crashing into inflexible objects. The helmet producers are adopting revolutionary technology and the use of superior substances which includes fiberglass bolstered plastic, polycarbonate, and carbon fiber to lower the burden of complete-face helmets and to beautify their protection.

Major producers which include Dainese SpA, HJC Europe S.A.R.L, Shoei Co. Ltd, and Arai Helmet Ltd are launching new merchandise to cater to the growing product demand. HJC Europe S.A.R.L, pioneered in the production of outstanding bike helmets for each public and racers released a sophisticated complete-face helmet for riders under the brand name call C70. This product is crafted from a superior polycarbonate shell and is ready with Advanced Channelling Ventilation System (ACS). These factors are driving the growth of the segment in the motorcycle helmets market.

Open face is expected to grow at a CAGR of 7.12% through the forecast period. Increasing vintage look trend, integrated superior verbal exchange equipment which includes Bluetooth in helmets, Manufacturers are adopting superior substances which include carbon fiber and fiberglass to lessen the burden and make them safer. These factors are expected to drive the segment growth in the motorcycle helmets market through the forecast period.



By Distribution Channel, the Offline segment dominated the motorcycle helmets market nearly 75% share in 2023. Retailers, supermarkets, and comfort shops are the principal offline distribution channels in growing economies which include various countries. Several of the neighbourhood producers promote those motorbike helmets via offline channels at decrease charges compared to the top-class brands. Exclusive designs, a wide variety of ranges, etc. These factors are driving the segment growth in the motorcycle helmets market.

The online segment is expected to grow at a CAGR of 9.11% through the forecast period. Availability of excessive-velocity net and smartphones in growing nations which includes India, China, Indonesia, and Vietnam. The agencies are launching their distinct websites wherein customers should purchase real merchandise without delay from the source. The benefit of buying, more reductions, and handy on-time product delivery. The structure which includes Google Ads and social media plays a vital function in manipulating customer choices. Online shops which include Amazon and HELMEXPRESS.COM amongst others are focusing on this product. These factors are expected to drive the segment growth in the motorcycle helmets market through the forecast period.

Dominance of Asia Pacific and Emerging Growth in Europe Motorcycle Helmets Market:

Geographically, the Asia Pacific region held the largest share of the Motorcycle Helmets Market in 2023, accounting for over 53% of the market and projected to reach a value of US$ xx billion during the forecast period. This dominance is attributed to the strong buyer foothold in the two-wheeler market in countries such as India, China, Indonesia, and Vietnam. Major manufacturers like HJC Europe S.A.R.L, DaineseSpA, Shoei Co. Ltd, Arai Helmet Ltd, and Schuberth GmbH are launching new products to maximize customer penetration in the region.

The Asia Pacific motorcycle helmets market is expected to witness significant growth in the coming years. Factors fuelling this growth include the increase in motorcycle sales in the region and end-users' preference and awareness toward the enhanced safety and comfort offered by premium helmets. Strict government rules and regulations for safety rides and the development of economies are key growth drivers in this region.

India Motorcycle Helmets Market is the fastest-growing market in the Asia Pacific, driven by the large number of two-wheeler buyers in the country. The helmet industry's growth is not only dominated by commuter motorcycles but also by larger and more premium two-wheelers. Additionally, infrastructure development in rural areas is boosting two-wheeler sales, thereby increasing helmet demand.

Europe is expected to register the highest growth rate during the forecast period, with a projected CAGR of 8.78% from 2023 to 2030. Motorcycle registrations in Europe grew by over 7.0% in 2023, totaling 949,470-unit registrations. The European motorcycle helmets market is expected to register substantial revenues in the upcoming years, supported by the rising number of cyclists across the region. Moreover, the growing transportation sector, driven by increased e-commerce and retail stores boosting online deliveries, is expected to increase two-wheeler purchases. This, in turn, is expected to augment the growth of the Europe motorcycle helmets market in the forthcoming years.

Motorcycle Helmets Market Competitive Landscape:

Leading companies in Motorcycle Helmets market were focusing on research and development to innovate new products or improve existing ones. This could involve developing Motorcycle Helmets derivatives with enhanced properties or applications to cater to specific industry needs. Collaboration with other companies, research institutions, or government bodies was common among key players. These partnerships could involve joint research projects, technology sharing, distribution agreements, or co-marketing initiatives to leverage each other's strengths and resources.

1. LS2 introduced the newest variant of its popular flip-up motorcycle helmet, the Advant X Carbon in June 2023. This model features a full-carbon shell, including the chin bar, providing enhanced durability and protection.

2. HJC launched the HJC RPHA 31, a jet-type helmet designed for scooter users in urban areas in May 2023. This latest European helmet features Anti-Fog and anti-scratch capabilities and utilizes Premium Integrated Matrix shell technology for enhanced durability and protection.
3. Caberg announced the launch of the Levo X, a modular motorcycle helmet aimed at the touring market in March 2023. The Levo X

features a panoramic ultra-wide visor, integrated Double Visor Tech, and a Pinlock Max Vision anti-fog lens, providing comprehensive visibility and protection for riders.

4. Italian manufacturer Caberg unveiled the latest addition to its 2023 lineup, the Caberg Drift Evo full-face motorcycle helmet. One of its standout features is the twin spring-loaded visor mechanism, which automatically adjusts the visor's position to prevent water or air infiltration between the visor and the edge, eliminating the need for manual adjustment.
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Global Motorcycle Helmets Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 2.68 Bn.


Forecast Period 2024 to 2030 CAGR:
8.19%
Market Size in 2030:
US $ 4.65 Bn.


 Segments Covered:
by Product
Full Face
Half Face
Open Face


by Distribution Channel
Offline
Online



Motorcycle Helmets Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Motorcycle Helmets Market, Key Players:
1. AGV - Italy
2. Airoh - Italy
3. Arai Helmet Limited - Japan
4. Bell Helmets - USA
5. Caberg Helmets - Italy
6. Harley-Davidson, Inc. - USA
7. Hehui Group - China
8. HJC Helmets - South Korea
9. Icon - USA
10. JDS Helmet Co., Ltd. - China
11. JIX HELMET - China
12. MT Helmets - Spain
13. Nolan Helmets - Italy
14. NZI - Spain
15. OGK Kabuto - Japan
16. PT Tarakusuma Indah - Indonesia
17. Ruroc Helmets - UK
18. Scorpion Exo - USA
19. Schuberth GmbH - Germany
20. Shoei Co. Ltd - Japan
21. SMK Helmets - India
22. Steelbird Helmets - India
23. Studds - India
24. YOHE - China

FAQs:
1] Which region is expected to hold the highest share in the Motorcycle Helmets Market?
Ans. Th Asia Pacific region is expected to hold the highest share in the Motorcycle Helmets Market.

2] Who are the top key players in the Motorcycle Helmets Market?
Ans. AGV, Airoh, Arai Helmet Limited, Bell are the top key players in the Market.

3] Which Product segment is expected to hold the largest market share in the Market by 2030?
Ans. Full Face segment is expected to hold the largest market share in the Market by 2030.

4] What is the market size of the Motorcycle Helmets Market by 2030?
Ans. The market size of the Motorcycle Helmets Market is expected to reach US $ 4.65 Bn. by 2030.

5] What was the market size of the Motorcycle Helmets Market in 2023?
Ans. The market size of the Motorcycle Helmets Market was worth US $ 2.68 Bn. in 2023.