Cycling Helmet Market Analysis

In-depth Analysis of Cycling Helmet Market Industry Landscape

Growing Trend of Professional Cycle Races Cycle racing stands out as the most popular professional form of bicycle racing, encompassing a high number of events, participants, and spectators. The competition primarily unfolds in two formats: mass start events, where riders commence simultaneously and strive to reach the finish point, and time trials, where individual riders or teams race a course independently against the clock. Western Europe, particularly France, Spain, the Netherlands, and Italy, has historically served as the epicenter of professional cycle racing. Noteworthy events such as the Tour de France (France), Milan-San Remo (Italy), Amgen Tour of California (US), and Vuelta a España (Spain) draw global attention. To ensure rider safety in these events, cyclists are equipped with safety gear, including high-performance helmets, leading to an anticipated uptick in cycling helmet sales during the forecast period. Increasing Instances of Cycling Accidents Cycling is widely recognized as an excellent form of exercise, contributing to reducing obesity and enhancing overall fitness. Furthermore, as a mode of personal transportation, cycling helps mitigate air and noise pollution. Bicycles are cost-effective and environmentally friendly, leading to a surge in global cyclist numbers. However, cyclists face a higher risk of injury requiring hospitalization compared to motorists. The growing presence of cyclists on the roads has resulted in a heightened accident rate. According to the US National Highway Traffic Safety Administration (NHTSA), there were 840 pedal cyclists killed in motor vehicle traffic crashes in the country in 2016, marking an increase from 829 in 2015. Pedal cyclist deaths constituted 2.2% of all motor vehicle traffic fatalities in 2016. Consequently, governments in major countries like Australia, the UK, the US, and the Netherlands have implemented stringent helmet laws to enhance safety. This has led to an upsurge in the use of safety gear, including cycling helmets, resulting in a decrease in injuries to 783 in 2017. The adoption of appropriate safety and protective gear plays a crucial role in reducing injury risks during crashes or accidents, contributing to the anticipated growth of the market in the foreseeable future.