Bike Helmet Market Share

Global Bike Helmet Market Overview

Bike Helmet Market Size was valued at USD 0.9 Billion in 2022. The Bike Helmet market industry is projected to grow from USD 1.0 Billion in 2024 to USD 1.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.35% during the forecast period (2024 - 2032). Increased frequency of bike accidents, strict legislation requiring the wearing of helmets, and a tendency toward professional cycling competitions, are the key market drivers enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Bike Helmet Market Trends

• Rising trend of cycling is driving the market growth

Due to the growing popularity of riding as a form of exercise to reduce obesity and enhance health, the market for bike helmets is expected to expand ly. The lack of stringent government regulations and guidelines requiring the use of safety equipment when riding bikes is blamed for the growth of the industry. Growing sustainability concerns are also acknowledged for their role in the rise of cycling around the world. Increased disposable income, increased purchasing power, increased bicycle riding activities, and other factors like increased bicycle sales are anticipated to cause a rise in the sales of cycling helmets over the anticipated time period and result in the expansion of the bike helmet market share. Furthermore, product improvements and innovations with improved safety features and an improved product look are supporting the market's expansion at this time.

Many motorcycle riders consider bike helmets to be crucial pieces of safety equipment. Additionally, a lot of bike helmet producers have been developing high-end features to entice customers to use helmets. Few manufacturers have helmets that can display GPS maps and the speedometer on the visor using built-in Augmented Reality (AR).

Growing consumer preference for cutting-edge technology has prompted many entrepreneurs to enter the bike helmet market and provide cutting-edge goods. The incidence of fake helmets is increasing, which continues to restrain market expansion. Helmets that are falsely marketed and sold at a significantly lower price are considered counterfeit or phony. A World Health Organization assessment estimates that each year, faulty, subpar automotive parts and gears cause up to 360,000 fatalities and 1.5 million injuries. Given that these goods are typically made using low-quality materials, the comfort and protection these helmets can offer their wearers may not be adequate. The existence of counterfeit goods influences how consumers view a brand. In Asian markets, particularly in China, Pakistan, and India, the circulation of fake helmets is more common.

In addition, there are already tens of thousands of fake helmets flooding Asian markets as a result of the rising demand for various sorts of helmets, including theme-based, athletic, designer, and sports helmets. 88.0% of counterfeit goods in the United States, according to the U.S. Government Accountability Office, come from China or Hong Kong. During the anticipated term, the market for helmets may not increase as quickly as anticipated due to the ease with which counterfeit goods can be found. Thus, driving the Bike Helmet market revenue.

Bike Helmet Market Segment Insights

Bike Helmet Type Insights

The Bike Helmet market segmentation, based on Type, includes road helmet, sports helmet, and MTB helmet. In 2022, the road helmet segment held the biggest market share. Major market legislation that mandates the use of helmets during regular travel has accelerated the segment's growth and development in the majority of nations. The industry's growth would also be accelerated by market rules requiring helmet manufacturers and producers to supply lightweight and safer goods. But during the forecast period, which is anticipated to end in 2028, the sports helmet category is anticipated to record the greatest CAGR. The rise of the international segment is being driven by the expanding market demand for athletic activities, particularly in developed nations.

Bike Helmet Application Insights

The Bike Helmet market segmentation, based on Application, includes daily transportation and sports/adventure. In 2022, the daily transportation category had a larger market share. The rise in injuries and regulations requiring on-road bikers to wear helmets are the driving forces behind the growth. But over the next several years, as part of the forecast period ending in 2028, it is anticipated that the popularity of adventure sports would spur the growth of the sports or adventure industry. A higher CAGR is anticipated for the market's sports/adventure segment throughout the forecast period.

Figure 1:  Bike Helmet Market, by Application, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Bike Helmet Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Bike Helmet Market dominated this market in 2022 (45.80%). This is because more and more cycling competitions and championships are encouraging people to buy bicycles. For instance, the USA hosts numerous renowned cycling competitions, such as the USA Cycling Elite BMX National Championships, Race Across America, and The Iditaroy Invitational. Further, the U.S. Bike Helmet market held the largest market share, and the Canada Bike Helmet market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  BIKE HELMET MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

The Asia Pacific Bike Helmet market is expected to register fastest growth from 2024 to 2032. The need for cycling helmets is expanding in Asia Pacific as a result of the increased cycle production brought on by the market’s strong players and the region's growing preference for cycles as a result of the transition to sustainable modes of transportation. The Asia Pacific region's road cycling championships and the demand for cycling helmets for a safe and improved cycling experience are also factors driving the market growth for cycling helmets. Moreover, China’s Bike Helmet market held the largest market share, and the Indian Bike Helmet market was the fastest growing market in the Asia-Pacific region.

Europe Bike Helmet market accounts for the significant market share. The market growth is projected to be boosted by the increasing acceptance of bikes as a mode of transportation in several of the nations in this area. For instance, the World Economic Forum estimates that in February 2020, the Netherlands will have more bicycles than people, which will account for nearly half of all travel from homes to places of employment in Amsterdam. Further, the German Bike Helmet market held the largest market share, and the U.K Bike Helmet market was the fastest growing market in the European region

Bike Helmet Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Bike Helmet market grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Bike Helmet industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Bike Helmet industry to benefit clients and increase the market sector. In recent years, the Bike Helmet industry has offered some of the most significant advantages to medicine. Major players in the Bike Helmet market, including Vista Outdoor Operations LLC, Dorel Sports, KASK S.p.a., Trek Bicycle Corporation, Uvex Sports, Orbea, Specialized Bicycle Components, MET-Helmets, SCOTT Sports SA., and Limar Srl, are attempting to increase market demand by investing in research and development operations.

Commercial vehicles and motorbikes are produced and marketed by Eicher Motors Ltd (EML). It sells accessories for motorcycles as well as clothing, soft goods, and spare parts. EML is also an expert in the production of mid-size adventure and leisure motorcycles. The business sells motorcycles under the Royal Enfield label. Bullet, Classic, Interceptor, Thunderbird, Continental GT, and Himalayan are among its product lines. The business also develops, produces, and sells dependable, fuel-efficient vehicles and buses. It also sells buses, heavy-duty trucks, Volvo trucks, and medium-duty vehicles. Additionally, the business makes personal utility vehicles. It runs businesses across South Asia, the Middle East, Europe, the US, and the UK. The headquarters of EML are located in Gurugram, Haryana, India. In January 2022, the non-profit organization Helmet for India joined forces with Royal Enfield, a division of Eicher Motors. With its extensive list of partnerships and collaborations, the Royal Enfield corporation is currently concentrating on products and riding gear for the promotion of road safety. Through this agreement, the general public will become more aware of the need to wear a helmet and protect themselves from risks like accidents.

Telecommunications and information services are offered by Telstra Group Ltd. (Telstra). The company offers home and mobile phones, devices, fixed and wireless internet, Pay TV, mobility solutions, and mobile phones. Additionally, it works on building the necessary infrastructure for fixed, mobile, IP, and data networks. The services portfolio of the business includes cloud, business solutions, integrated services, and unified communications. Telstra offers services to large corporations, one-on-one clients, and small and medium-sized organizations. It runs distribution networks, retail locations, call centers, and internet channels. The company's business operations are spread over the Asia-Pacific, Australia, the Americas, Europe, the Middle East, and Africa. Melbourne, Victoria, Australia serves as the home office for Telstra. In order to create a 5G linked helmet prototype, Telstra and Arenberg, a Sydney-based cycling company, teamed up in June 2021. This will increase cyclists' on-road safety. A helmet from Arenberg's with live video streaming capabilities has just been released. Telstra created a number of safety-related applications. These include a camera alert system with improved sensing capabilities, a vehicle door warning system, a road safety alert system that will alert cyclists about accident detection, road blocks, and automobile doors.

Key Companies in the Bike Helmet market include

• Vista Outdoor Operations LLC


• Dorel Sports


• KASK S.p.a.


• Trek Bicycle Corporation


• Uvex Sports


• Orbea


• Specialized Bicycle Components


• MET-Helmets


• SCOTT Sports SA.


• Limar Srl

For Instance, August 2020 Hexr announced the release of its new parmetric-designed Voronoi bicycle helmet.

For Instance, March 2019 Cycling helmets from Trek and Bontrager that feature the latest WaveCel technology have been announced.

Bike Helmet Market Segmentation

Bike Helmet Type Outlook

• Road Helmet


• Sports Helmet


• MTB Helmet

Bike Helmet Application Outlook

• Daily Transportation


• Sports/Adventure

Bike Helmet Regional Outlook

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America