MIPS Bicycle Helmets Market Overview
As per MRFR analysis, the MIPS Bicycle Helmets Market Size was estimated at 2.02 (USD Billion) in 2022. The MIPS Bicycle Helmets Market Industry is expected to grow from 2.14(USD Billion) in 2023 to 3.6 (USD Billion) by 2032. The MIPS Bicycle Helmets Market CAGR (growth rate) is expected to be around 5.94% during the forecast period (2024 - 2032).
Key MIPS Bicycle Helmets Market Trends Highlighted
Growing sensor applications, an uptrend in cycling, and growing disposable income are some of the key Mips helmet market contributors. Moreover, there has also occurred an increase in the designs of such helmets, among which is the incorporation of MIPS liners inside such helmets, which increases the safety levels of the helmets, making them more attractive to people.
Manufacturers are discovering the potential in the developing markets where cycling is on the rise. The proliferation of bike-sharing systems and building cycle-specific facilities are opening another horizon for growth. There are also market developments linked to personalization, including increased demand for custom designs and fit options.
Within the MIPS bicycle helmets, there are recent developments in the inclusion of high-end materials, especially advanced carbon fiber and composite shells, which are both protective and lightweight. And, finally, smart helmets with built-in lights, GPS, and other communication functions are on-the-rise. This improvement ensures the safety and effectiveness of MIPS Bicycle Helmetsas per the expectations of the users.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MIPS Bicycle Helmets Market Drivers
Rising Awareness of Safety Regulations and Standards
Governments worldwide are implementing stricter safety regulations and standards for cyclists, including the mandatory use of bicycle helmets. This has led to increased demand for Mips bicycle helmets, as they offer superior protection against head injuries compared to traditional helmets. The adoption of Mips technology in bicycle helmets has gained significant traction due to its effectiveness in reducing rotational forces during an impact, mitigating the risk of concussions and other severe head injuries.As safety awareness among cyclists continues to grow, the demand for MIPS bicycle helmet is expected to surge in the coming years. Moreover, initiatives by cycling organizations and advocacy groups to promote helmet use and safety further contribute to the market growth.
Technological Advancements
Advancements in helmet design and manufacturing technologies have played a crucial role in driving the growth of the MIPS Bicycle helmet market. The integration of innovative materials, such as lightweight and impact-resistant composites, has resulted in the development of helmets that are both protective and comfortable to wear. Additionally, the incorporation of advanced safety features, such as multi-directional impact protection systems and ventilation systems, has enhanced the overall performance and desirability of Mips bicycle helmets.Ongoing research and development efforts are focused on further improving helmet designs and technologies, which is expected to create new opportunities for market growth.
Growing Popularity of Cycling and Outdoor Activities
The increasing popularity of cycling as a recreational activity and mode of transportation has contributed to the growth of the MIPS Bicycle Helmets Market Industry. The growing awareness of the health benefits associated with cycling, along with the increasing number of bike lanes and trails, has encouraged more people to take up cycling. This has led to a higher demand for safety gear, including bicycle helmets. Mips bicycle helmets, with their superior protection and comfort, are well-positioned to meet the needs of this growing market.
MIPS Bicycle Helmets Market Segment Insights
MIPS Bicycle Helmets Market Type Insights
The MIPS Bicycle Helmets Market can be segmented by type into Mountain Bike Helmets, Road Bike Helmets, Commuter Bike Helmets, and Children's Bike Helmets. Mountain Bike Helmets are designed for off-road riding, with more rugged construction and greater coverage than other helmets. Their typically extended visors also serve to shield the eyes, which will be particularly beneficial in providing shade on hot summer days. Road Bike Helmets are designed more for speed and ventilation than other types of helmets. They are obviously lighter and more aerodynamic, which makes sense, given that aerodynamics determine the speed limit for a given amount of force.Children's Bike Helmets are obviously designed for the geometry of children's heads, which are typically smaller than adult skulls, with proper straps and braces to ensure that the helmet remains in place without causing discomfort. These models are smaller and more lightweight. Commuter Bike Helmets' design and features are aimed at urban riders who need a reasonable balance of protection and convenience. In 2023, the Mountain Bike Helmets segment is estimated to account for the highest market segment of the MIPS Bicycle Helmets Market, with a revenue of around 0.87 billion USD.The Road Bike Helmets segment is projected to be the second-largest market segment of the MIPS Bicycle Helmets Market, with revenue of around 0.65 billion USD. The Commuter Bike Helmets segment is likely to be the third-largest market segment, with a revenue of around 0.42 billion USD. The Children's Bike Helmets segment will be the smallest market segment, with a revenue of 0.2 billion USD. Such fast growth is expected due to the increasingly large popularity of cycling both as a leisure activity and as a means of transportation, the major rising awareness of necessary safety precautions, and the relatively recent usefulness and novelty of Mips technology for a larger market.The market will be further supported by major key players and their efforts to innovate further and expand. Key players of the MIPS Bicycle Helmets Market Bell, Giro, Specialized, Trek, and POC.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MIPS Bicycle Helmets Market MIPS Technology Insights
The MIPS technology segment in the mips bicycle helmet market is expected to grow significantly in the coming years, driven by increasing safety concerns among cyclists and growing awareness of the benefits of MIPS technology. MIPS stands for Multi-Directional Impact Protection System, and it is a patented technology that helps to reduce the risk of brain injury by redirecting rotational forces away from the head. Basic MIPS is the entry-level MIPS technology, and it is designed to protect against low-speed impacts. Advanced MIPS is a more advanced version of MIPS that is designed to protect against higher-speed impacts.Multi-Directional Impact Protection System (MIPS) is the most advanced MIPS technology, and it is designed to protect against all types of impacts. In 2023, the MIPS bicycle helmet market revenue for MIPS technology is estimated to be around USD 2.14 billion. Cyclists are particularly vulnerable to head injuries, and MIPS technology can help to reduce the risk of serious injury or death. Growing awareness of the benefits of MIPS technology: MIPS technology is becoming increasingly well-known among cyclists, and there is a growing body of research that supports its effectiveness.This is leading more cyclists to choose helmets with MIPS technology. Government regulations: In some countries, MIPS technology is becoming mandatory for certain types of cycling helmets. This is helping to drive the growth of the MIPS technology segment. The MIPS technology segment is expected to continue to grow in the coming years as more cyclists become aware of the benefits of MIPS technology and more governments adopt regulations that require MIPS technology in bicycle helmets.
MIPS Bicycle Helmets Market Certifications Insights
The certifications segment of the MIPS bicycle helmet market is expected to witness significant growth in the coming years. Major certifications in the market include ASTM F1952, CE EN 1078, CPSC, and Snell B-95. ASTM F1952 is a widely recognized standard for bicycle helmets in the United States, ensuring they meet specific safety requirements. CE EN 1078 is a European standard that sets performance requirements for bicycle helmets, including impact absorption and retention system effectiveness. CPSC is a U.S. Consumer Product Safety Commission certification that indicates a helmet meets certain safety standards.Snell B-95 is a certification from the Snell Memorial Foundation that signifies a helmet has passed rigorous testing and meets high levels of protection. The increasing awareness of bicycle safety and government regulations mandating helmet use are driving the demand for certified Mips bicycle helmets.
MIPS Bicycle Helmets Market Price Range Insights
The MIPS bicycle helmet market segmentation by price range offers valuable insights into the market dynamics. In 2023, the '$100-$200' segment held the largest revenue share, accounting for over 35% of the MIPS bicycle helmets market revenue. This can be attributed to the growing popularity of mid-range helmets that offer a balance of safety, comfort, and affordability. The '$50-$100' segment is expected to witness steady growth, driven by increasing demand for entry-level helmets. The '$200-$300' segment is also projected to grow significantly, supported by the rising adoption of high-end helmets by professional cyclists and recreational riders seeking enhanced safety and performance.The 'Over $300' segment is expected to remain niche but is likely to grow due to the increasing demand for premium helmets with advanced features and innovative designs.
MIPS Bicycle Helmets Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the MIPS bicycle helmet market, with various channels contributing to the overall market growth. Online retail has emerged as a dominant channel, offering convenience, a wide selection, and competitive pricing. In 2023, the online retail segment accounted for approximately 30% of the MIPS bicycle helmet market revenue. Sporting goods stores hold a significant share of the market, leveraging their expertise and in-store experience. Bicycle specialty shops cater to niche customers seeking specialized products and personalized advice, capturing around 20% of the market.Department stores offer a broader range of products, including Mips bicycle helmets, and contribute to the market's growth. Understanding the dynamics of each distribution channel is crucial for manufacturers and retailers to optimize their strategies and cater to the evolving needs of consumers in the MIPS bicycle helmets market.
MIPS Bicycle Helmets Market Regional Insights
The regional segmentation of the MIPS bicycle helmet market offers insights into the market's geographic distribution and growth potential. In 2023, North America dominated the market with a revenue of USD 0.98 billion, driven by increasing safety concerns and the presence of key market players. Europe follows closely with a revenue of USD 0.65 billion, supported by initiatives promoting cycling as a sustainable mode of transportation. APAC is anticipated to exhibit the highest growth rate during the forecast period, owing to the rising popularity of cycling in emerging economies like China and India.South America and MEA are expected to contribute modest revenue shares, with growth opportunities in untapped markets.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MIPS Bicycle Helmets Market Key Players And Competitive Insights
Major players in the MIPS bicycle helmet market industry are constantly striving to gain a competitive edge by developing innovative products and technologies. Leading MIPS bicycle helmet market players are investing heavily in research and development to enhance the safety and comfort of their helmets. The competitive landscape is characterized by strategic partnerships, acquisitions, and collaborations among key players to expand their market reach and strengthen their product portfolios. The MIPS bicycle helmet market is highly competitive, with numerous established and emerging players vying for market share. One of the leading players in the mips bicycle helmets market is Specialized.
The company has a strong reputation for producing high-quality, innovative helmets that meet the needs of cyclists of all levels. Specialized offers a wide range of MIPS-equipped helmets, from entry-level models to high-end race helmets. The company has a strong presence and is committed to providing its customers with the best possible products and services.Another major player in the MIPS bicycle helmet market is Giro. Giro is known for its stylish, well-made helmets that offer excellent protection. The company offers a wide range of Mips-equipped helmets, from road helmets to mountain bike helmets. Giro has a strong presence in the North American and European markets and is expanding its reach into other regions. The company is committed to providing its customers with the best possible helmets and is constantly innovating to improve its products.
Key Companies in the MIPS Bicycle Helmets Market Include
MIPS Bicycle Helmets Market Industry Developments
The MIPS bicycle helmet market is projected to reach $3.6 billion by 2032, growing at a CAGR of 5.94% from 2024 to 2032. The growing popularity of cycling, increasing awareness of safety regulations, and technological advancements in helmet design are driving market growth. Key players in the market include Specialized, Giro, Bell, POC, and Trek. Recent developments include the introduction of MIPS (Multi-directional Impact Protection System) technology, which provides enhanced protection against rotational forces in the event of a crash. Furthermore, the integration of smart features such as GPS tracking and crash detection is expected to drive market growth in the coming years further.
MIPS Bicycle Helmets Market Segmentation Insights
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Report Attribute/Metric
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Details
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Market Size 2022
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2.02(USD Billion)
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Market Size 2023
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2.14(USD Billion)
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Market Size 2032
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3.6(USD Billion)
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Compound Annual Growth Rate (CAGR)
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5.94% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2022
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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Lazer Sport, Troy Lee Designs, Specialized Bicycle Components, Abus, Uvex Sports, Leatt, Bontrager, Bell Helmets, 100%, Kali Protectives, Kask, 6D Helmets, POC Sports, MET Helmets, Giro Sport Design
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Segments Covered
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Type, MIPS Technology, Certifications, Price Range, Distribution Channel, Regional
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Key Market Opportunities
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1 Growing demand for safety gear in cycling,2 Increasing awareness of head injuries in cycling,3 Technological advancements in MIPS helmets,4 Rising popularity of cycling as a recreational activity,5 Growing adoption of MIPS helmets by professional cyclists
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Key Market Dynamics
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Growing demand for safety, technological advancements, rising disposable income, and environmental awareness.
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The MIPS bicycle helmet market size is estimated to reach USD 3.6 billion by 2032, exhibiting a CAGR of 5.94% during the forecast period (2024-2032).
North America is anticipated to account for the largest market share due to the increasing adoption of cycling as a recreational and fitness activity.
Growing safety concerns, rising disposable income, and increasing participation in cycling activities are the primary drivers propelling market growth.
The road cycling segment is expected to dominate the market as road cycling continues to gain popularity as a competitive and recreational sport.
Prominent players in the market include Giro, Bell, Specialized, Trek, and POC Sports.
The market is projected to expand at a CAGR of 5.94% from 2024 to 2032.
Fluctuating raw material prices, intense competition, and the need for continuous innovation pose challenges to market growth.
The Asia-Pacific region is anticipated to register the fastest growth rate owing to the growing adoption of cycling in emerging economies like China and India.
Advancements in helmet design, the integration of technology, and the increasing focus on safety regulations are key trends shaping the market.
The MIPS Bicycle Helmets Market size was estimated to be USD 2.14 billion in 2023.
