Wilmington, Delaware, United States, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global motorcycle helmet market was estimated to have acquired US$ 2.4 billion in 2021. It is anticipated to register a 6.6% CAGR from 2022 to 2031 and by 2031, the market is likely to gain US$ 4.6 billion.
Stringent safety regulations and laws mandating the use of helmets while riding motorcycles have been a significant driver of the market, which includes both existing regulations and the potential for new regulations in different regions. The growth of eCommerce has made it easier for consumers to purchase helmets online, providing a broader range of options and easy access to information and reviews.
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Key Findings of the Market Report
- The growing popularity of motorcycles, particularly in emerging markets, has been a significant growth factor. The demand for helmets increases, as more people buy motorcycles.
- Awareness campaigns and safety initiatives, along with increasing knowledge about the importance of helmet usage for injury prevention, have led to a higher adoption rate.
- Helmet manufacturers have been incorporating advanced technologies like Bluetooth communication, heads up displays, noise cancellation features, and improved impact protection into their products.
- Motorcycle tourism and adventure riding have gained popularity. The trend has led to the demand for specialized helmets designed for touring, adventure riding, and off road activities.
Market Trends for Motorcycle Helmets
- The increasing number of female motorcycle riders has led to a demand for helmets designed specifically for women, which can be an untapped market segment.
- The growth of the electric motorcycle market presents opportunities for helmet manufacturers to design helmets that cater to the unique needs and preferences of electric motorcycle riders.
- The adherence to global safety standards such as DOT, ECE, and Snell, is crucial for helmet manufacturers. Adhering to these standards and obtaining certifications can be a competitive advantage.
- There may be opportunities for smart helmet integration with these technologies, enhancing safety and communication for riders, as the automotive industry moves toward connected and autonomous vehicles.
Global Market for Motorcycle Helmets: Regional Outlook
Various reasons are propelling the growth of the motorcycle helmet market in different regions.
Asia Pacific
- The number of two wheelers in Asia Pacific is growing rapidly due to urbanization, rising disposable incomes, and affordable two wheelers, which is driving demand for motorcycle helmets, as they are essential for safety.
- There is a growing awareness of road safety in Asia Pacific, as governments and non profit organizations are campaigning to promote safe riding practices, which is leading to more people wearing motorcycle helmets.
North America
- Motorcycles are becoming increasingly popular in North America as a form of transportation, recreation, and sport, which is driving demand for motorcycle helmets, as they are essential for safety.
- Adventure biking is becoming increasingly popular in North America, which is driving demand for motorcycle helmets that are specifically designed for off road riding.
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Global Motorcycle Helmet Market: Key Players
The following companies are well known participants in the global Motorcycle Helmet market:
- ARAI Helmets
- Bell Helmet
- Dainese S.p.A.
- Manufacturas Tomas SA
- HJC Helmets
- Nolan Helmets SpA
- Schuberth GmbH
- Shark Helmets
- Shoei Co. Ltd.
- Studds Accessories Ltd.
A few of the key developments by the players in this market are:
| Company name | Key Development |
| Shoei |
|
| Arai |
|
| AGV |
|
Global Motorcycle Helmet Market Segmentation
Product Type
- Full Face Helmet
- Half Face Helmet
- Open Face Helmet
Price Points
- Low Price (Less than US$ 50)
- Medium Price (US$ 50 – US$ 200)
- High Price (More than US$ 200)
Application
- On-road
- Off-road
End-user
- Adults
- Kids
Distribution Channel
- Online
- Company Owned Websites
- E-commerce
- Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Other Small Retail Format
Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East & Africa
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