Pune, India, Feb. 25, 2022 (GLOBE NEWSWIRE) -- The Motorcycle Helmet market size is projected to grow from USD 7.92 billion in 2021 to USD 20.09 billion in 2028 at a CAGR of 14.2% during the 2021-2028 period. As per our expert researchers, stringent guidelines concerning road safety executed by governments combined with augmented consciousness regarding head injury are fundamental aspects driving the motorcycle helmet market growth.
Pandemic to Cause Decline in Product Sales Backed by Stay-at-Home Guidelines
The global outbreak of the COVID-19 triggered massive ambiguity and panic in global industries. In order to monitor the spread of the COVID-19 pandemic, governments across the world have accepted lockdown interferences and severe social distancing norms. With the intensifying spread of the COVID-19 virus, people across the globe began practicing social distancing, which began movement limitations and assembly and production series to close.
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| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021 to 2028 CAGR | 9.3% |
| 2028 Value Projection | USD 20.09 billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 7.25 billion |
| Historical Data for | 2017-2019 |
| No. of Pages | 200 |
| Segments covered | Product, Distribution Channel, and Region |
| Growth Drivers | Rising Number of Motorbikes and Sports Two-wheeler Enthusiasts to Fuel Market Growth |
| Collaborations among Companies to Safeguard Their Brand Values in Global Market |
Rising Number of Motorbikes and Sports Two-wheeler Enthusiasts to Fuel Market Growth
In established countries, two-wheelers are mainly utilized for recreational happenings and therefore more often possessed in addition to a car. Moreover, in emerging nations, a motorcycle is often used as a basic medium of transport. Bikes are attaining a stronghold in the commercial sector as well. They are primarily utilized for food delivery and delivery of e-commerce products. Also, post lockdown, the demand for bikes has increased noticeably owing to the bike-sharing business attaining momentum. This pooled with the growing consciousness on-road protection is expected to boost the Motorcycle Helmet Market growth during the forecast period.
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Product Type, Distribution Channel, and Region are Studied
In terms of product type, the market is divided into full face, half face, and open face. A full-face helmet covers the entire head, the base of the skull, and the chin's front. Therefore, it held the largest share.
On the basis of distribution channel, the market is bifurcated into online and offline.
In terms of region, the global market is segregated into North America, Europe, Asia Pacific, and the rest of the world.
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Asia Pacific holds the maximum motorcycle helmet market share, accounting for USD 6.15 billion. It is estimated to drive the market during the forecast period.
The rest of the world ranked as the second-largest market. The rest of the world comprises Latin America, the Middle East, and Africa. Africa is estimated to contribute substantially toward the growth of the motorcycle helmet market.
Europe was the third-largest market in 2020. In the first three quarters of 2021, motorcycle registrations in the region grew by 10.6%, tallying 792,819 units.
The Report Lists the Key Companies in the Global Market
- Shark Helmets (Marseille, France)
- ARAI Helmets (Saitama, Japan)
- Manufactures Tomas SA (La Palma, Spain)
- Nolan Helmets SpA (Bergamo, Italy)
- Shoei Co. Ltd. (Tokyo, Japan)
- Bell Helmet (Illinois, U.S.)
- Studds Accessories Ltd. (Haryana, India)
- Schuberth GmbH (Lower Saxony, Germany)
- Steelbird Helmets (Delhi, India)
- Dainese SpA (Colceresa, Italy)
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Global Motorcycle Helmet Market Segmentation:
By Product Type:
- Full Face
- Half Face
- Open Face
By Distribution:
- Online, Offline
By Geography
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
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Table Of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2. Porter’s Five Forces Analysis
4.3. SWOT Analysis
4.4. Technological Developments
4.5. Value Chain Analysis
Continued…
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