India Motorcycle Helmets Market- Industry Analysis and Forecast (2023-2029)

India Motorcycle Helmets Market is expected to reach US$ 882.41 Mn. by 2029, at a CAGR of 7.1% during the forecast period.

Motorcycle helmets are used to prevent or minimize injuries to the head and brain on the road traffic sector. India has the largest two-wheeler market across the globe, which can offer a huge opportunity to helmets manufacturers and key players of two-wheeler accessories. The two-wheeler industry is experiencing a significant growth increase in the production of the motorcycles by major automotive players in the country.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.To know about the Research Methodology :- Request Free Sample Report
India Motorcycle Helmets Market Dynamics:
Motorcycles are the most popular vehicles in the Indian automotive industry. The two-wheeler industry of India is expected to grow at a xx % rate of CAGR during the forecast period. Growth in the India motorcycle helmets market is supported mainly by a rise in the sales of two-wheelers.

The strict government regulations by the government of India to increase the safety measures on road is one of the key drivers for the growth of the India motorcycle helmets market. With the rise in a number of road accidents across the country, the government of India has put emphasis on safety. The usage of helmets is mandating to improve the safety standards in many parts of India, which is expected to drive the India motorcycle helmets market growth. On the other hand, the high cost of the helmet is expected to limit the market growth of the India motorcycle helmets market.

A full-face helmet is used to covers the head, face, and neck, which gives the double protection in case of an accident to the rider. It also helps to protect the rider from natural activities like rain, dust, and others. The full face segment is expected to share significant growth in the India Motorcycle Helmets Market. The growth in the Indian market is attributed to the safety aspect, which is associated with it. Growth in the per capita income and increase in the adoption of the usage of the motorcycle are expected to increase the demand for helmets in India.

In India, the motorcycle helmets industry is witnessed under the unorganized sector. With the introduction of the GST and demonetization, the transformation from the unorganized sector to an organized sector is expected to witness in the market during the forecast period. The motorcycle helmets helmet industry is expected to grow at a xx % during the forecast period. An increase in awareness about safety and introduction of the technological advancement in the helmet industry is expected to the market growth in India.
India Motorcycle Helmets Market Competition Matrix:
The India Motorcycle Helmets Market is experiencing exponential growth because of the presence of the prominent helmets brands in the country. Key players in the market are offering excellent quality, stylish, and premium helmets. The standard quality offered by the key players and the rise in consumer awareness about road safety is expected to drive the market growth in the country. Additionally, enhanced safety and quality products and the various benefits like warranty, discount are expected to increase in the consumer base in the country.

Some of the prominent key players in the market are focusing on the development of the indigenous carbon fiber helmet. They are also concentrating on the adoption of the air-cooled technology in helmets, with an anti-glare visor, push-button, helmet lock features and many more, which is expected to drive the market growth during the forecast period.

The objective of the report is to present a comprehensive analysis of market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

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


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 545.94 Mn.


Forecast Period 2023 to 2029 CAGR:
7.1%
Market Size in 2029:
US $ 882.41 Mn.


 Segments Covered:
by Product
Full Face
Half Face
Flip-up
Other


by Technology
Conventional helmets
Smart helmets


by Material Type
Kevlar
Fiber Glass
Carbon Fiber
Plastics


by Distribution Channel
Offline
Online



India Motorcycle Helmets Market Key Players
1. Paras Industries India
2. M S A (India) Ltd
3. Studds
4. Steelbird Hi-Tech India Ltd.
5. LS2 Helmets
6. Royal Enfield Helmets
7. Mallcom (India) Ltd.
8. Vega Auto Accessories Pvt. Ltd.
9. Wrangler Helmets
10. Aerostar Helmets Pvt. Ltd.
11. Armex Auto Industries
12. HJC Helmets
13. LS2 Helmets
14. Nikpol India
15. Aaron Helmets Pvt. Ltd.
16. Ergo Helmets and Accessories Pvt. Ltd.
17. T.P. Industries (Gliders Helmet and NXT) Pvt. Ltd.

Frequently Asked Questions:

1. What is the growth rate of India Motorcycle Helmets Market?
Ans: The India Motorcycle Helmets Market is growing at a CAGR of 7.1% during forecasting period 2023-2029.

2. What is scope of the India Motorcycle Helmets Market report?
Ans: India Motorcycle Helmets Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in India Motorcycle Helmets Market?
Ans: The important key players in the India Motorcycle Helmets Market are – Paras Industries India, M S A (India) Ltd, Studds, Steelbird Hi-Tech India Ltd., LS2 Helmets, Royal Enfield Helmets, Mallcom (India) Ltd., Vega Auto Accessories Pvt. Ltd., Wrangler Helmets, and Aerostar Helmets Pvt. Ltd.

4. What is the study period of this Market?
Ans: The India Motorcycle Helmets Market is studied from 2022 to 2029.