Motorcycle Helmets Market: Global Industry Analysis and Forecast (2022-2029)

Motorcycle Helmets Market size was valued at US$ 2.47 Bn. in 2021 and the market is expected to reach US$ 4.13 Bn. by 2029, at a CAGR of 6.64% through out the forecast period.
Motorcycle Helmets Market Overview:
Helmets, often known as motorcycle helmets or bike helmets, are pieces of protective equipment worn by motorcyclists to protect their heads in the case of an accident. To give optimal protection, the helmet is intended to fit the form of the head. Excessive acceleration or deceleration, as well as direct contact with stiff objects, can result in a motorbike crash and serious head injuries. These helmets are used for a variety of functions, including preventing crashes and severe weather, increasing visibility, and accommodating communication gear. These helmets can give the best head protection for motorcyclists in the event of a traffic accident. Helmets are the only safety equipment that has been proven to save lives while having no negative health consequences for the user.
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Motorcycle Helmets Market Dynamics:
Strict government road safety regulations are one of the major drivers in the market. Governments in developed and developing countries around the world have enacted strict laws governing the use of helmets. For example, the Government of India has enacted legislation on the use of helmets in Tier II and Tier III cities to ensure traffic safety.

Increased sales of electric motorcycles and bicycles in low- and middle-income countries are expected to boost the growth of the motorcycle helmet market. The growing demand for luxury motorcycles and the popularity of motorcycles at racing events and championships are some of the key factors creating demand in consumers creating more opportunities for motorcycle helmet manufacturers.

Increased awareness and efforts to promote driver safety are expected to drive market growth. The growing consumer preference for the thriving automotive industry and high-quality safety equipment is a major driver. Consumers are increasingly becoming aware of the increased comfort and safety of premium motorcycle helmets that are promoting sales. These factors are expected to drive the market growth through the forecast period.

Availability of a wide range of product customization options, sports bikes is becoming more popular among young people. The racing event and various club and cyclist communities serve as a platform for cycling enthusiasts to showcase their riding skills and represent the community by focusing on ethical driving and road safety. This helps to recognize the importance of wearing a helmet. Thus increasing the demand for helmets.

Integration of additional features such as various connectivity features of health trackers and premium helmets has also contributed to the increase in demand. Other factors, such as increased disposable income and the implementation of government guidelines requiring the use of helmets. These factors are driving the market growth of motorcycle markets.

High cost and price fluctuations of products are restraining the growth of the motorcycle helmet market.

Market trends and challenges are analyzed and compiled in the report. The data of 2021 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2017 to 2021 with market forecast until 2029.
Motorcycle Helmets Market Segment Analysis:
By Product, Full Face helmets dominated the market with a 60.2% share in 2021. 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 Channeling Ventilation System (ACS). These factors are driving the growth of the segment in the market.

Open face is expected to grow at a CAGR of 4% 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 market through the forecast period.

By Distribution Channel, the Offline segment dominated the market with a 63.3% share in 2021. Retailers, supermarkets, and comfort shops are the principal offline distribution channels in growing economies which include various countries. A number of the neighborhood 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 market.

The online segment is expected to grow at a CAGR of 8% 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 market through the forecast period.
Motorcycle Helmets Market Regional Insights:
Asia Pacific region dominated the market with a 45% share in 2021. The presence of well-known automakers such as Yamaha, Honda, Ducati, Harley-Davidson, and Suzuki are advertising, sponsorships, dealer promotions, drivers, teams, and operators in this region. The popularity of national and international motorcycle events and racing championships is growing rapidly in the region due to the expansion of the consumer base and the development of lightweight and technologically advanced features of helmets. These factors are driving the market growth in this region.

The objective of the report is to present a comprehensive analysis of the Motorcycle Helmets market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Motorcycle Helmets market dynamics, structure by analyzing the market segments and project the Motorcycle Helmets market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Motorcycle Helmets market make the report investor’s guide.
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Motorcycle Helmets Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.47 Bn.


Forecast Period 2022 to 2029 CAGR:
6.64%
Market Size in 2029:
US $ 4.13 Bn.


 Segments Covered:
by Product
• Full Face
• Half Face
• Open Face


by Distribution Channel
• Offline
• Online


by End User
• Rider
• Passenger



Motorcycle Helmets Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Motorcycle Helmets Market Key Players
• Safety Helmets MFG
• YEMA
• Chih Tong Helmet
• Suomy
• NZI
• Studds
• YOHE
• LAZER
• PT Tarakusuma Indah
• Jiujiang Jiadeshi
• OGK Kabuto
• Hehui Group
• Airoh
• Pengcheng Helmets
• Bell Helmets
• Scuberth GmbH
• Shoei Co. Ltd
• HJC Helmets
• Shark Helmets
• AGV Helmets
• Arai Helmet Ltd
• Nolan Helmets
• Nanhai Xinyuan Helmets
FAQ:
1] What segments are covered in the Motorcycle Helmets Market report?
Ans. The segments covered in the Motorcycle Helmets Market report are based on Product, End User and Distribution Channel.

2] Which region is expected to hold the highest share in the Motorcycle Helmets Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Motorcycle Helmets Market.

3] What is the market size of the Motorcycle Helmets Market by 2029?
Ans. The market size of Motorcycle Helmets Market by 2029 is US $ 4.13 Bn.

4] Who are the top key players in the Motorcycle Helmets Market?
Ans. Safety Helmets MFG, YEMA, Chih Tong Helmet, Suomy, NZI, Studds, YOHE, LAZER, PT Tarakusuma Indah, Jiujiang Jiadeshi, OGK Kabuto, Hehui Group, Airoh, Pengcheng Helmets, Bell Helmets, Scuberth GmbH, Shoei Co. Ltd, HJC Helmets, Shark Helmets, AGV Helmets, Arai Helmet Ltd, Nolan Helmets, Nanhai Xinyuan Helmets.

5] What was the market size of the Motorcycle Helmets Market in 2021?
Ans. The market size of the Motorcycle Helmets Market in 2021 was US $ 2.47 Bn.