Helmet Market Size, Share, Growth, and Industry Analysis, By Type (Motorcycle Helmets, Bicycle Helmets and Other), By Application (Transportation, Sport and Dangerous Work Activities) and Regional Insights and Forecast to 2033

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HELMET MARKET REPORT OVERVIEW

The global Helmet Market size was USD 5.4 billion in 2023 and the market is projected to touch USD 6.8 billion by 2030, exhibiting a CAGR of 3.3% during the forecast period.

A helmet is a wearing object that protects the skull, the brain, against the impacts during all kinds of activities, whether it is riding a motorbike, bicycles, sports, or working under risky conditions. Helmets are designed to absorb and disperse the impact of a blow typically used of strong and impact resistant materials such as polycarbonate, fiberglass, or Kevlar.

COVID-19 IMPACT

Helmet Industry Had a negative Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has led to mass chaos in global supply chains through lock downs, limited movement of goods and shutdown of factories. Delays and shortages were experienced by many of the manufacturers of the helmets, especially those which obtained their raw materials or finished products in China, India, and Southeast Asia.

LATEST TRENDS

Smart & Connected Helmets (IoT, Bluetooth, HUD, Crash Alerts) to Propel Market Growth

Intelligent helmets remain key part of innovation where they install Bluetooth, cameras, direction, and AR head-up displays that are customer- and profession-oriented. Such AI-based functions as fatigue detection, impact sensors, and emergency SOS speed alerts start to be implemented, particularly, in industrial and road-safety-related applications.

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HELMET MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Motorcycle Helmets, Bicycle Helmets and Other.

• Motorcycle Helmets- Motorcycle helmets are actually customized to ensure that the rider is not affected by fast-speed blows associated with injuries related to the road.

• Bicycle Helmets- Bike helmets are also lightweight and this time are used in low-velocity activities unlike the motorbike riding.

By Application

Based on application the market can be categorized into Transportation, Sport and Dangerous Work Activities.

• Transportation- Helmets are part of the mandatory equipment in the transportation sector and especially among the users of two- wheelers; this includes motorcycles, scooters and bikes.
• Sport - Helmets are very common in other sports and are applied in high-impact or contact sport to secure athletes against injuries.
• Dangerous Work Activities- Helmets, also referred to as hard hats, are essential in maintaining the safety of the workers in industrial and constructional settings.

MARKET DYNAMICS

Driving Factors

Rising Awareness of Road Safety to Drive Market Advancement

One of the key driving factors in the Helmet market growth is Rising Awareness of Road Safety. Raising consumers and governments awareness about the value of road safety is one of major factors that will contribute to the growth of the helmet market. The safety regulations, as well as public awareness campaigns, have brought into the limelight the importance helmets play in curbing fatalities and head injuries caused by road accidents.

Stringent Government Regulations and Mandates to Expand the Market

To reduce road traffic fatalities, governments across the world have developed stringent policies on wearing of helmets by drivers and the pillion riders. Non-compliance which leads to fines or license suspension in most areas would cause a rise in the level of helmet purchases. As an example, the Motor Vehicles (Amendment) Act of India and similar legislation, in European countries, ensure that wearers of helmet have their demand fulfilled since they have a reliable market base.

Restraining Factors

Lack of Awareness and Low Compliance with Safety Regulations Poses Potential Impediments to Market Growth

Most of the regions, particularly in the developing nations, lack awareness on the significance of wearing helmets. In countries where there are laws on helmets, this may be unenforced or inconsistently enforced which leads to poor compliance. The attitudes of the cultures and unwillingness to be tamed are also involved. As an example, some people feel that helmets are awkward or not necessary, particularly when they are going on a short-trip or when they are not in the city.

Growth in Two-Wheeler and E-Bike Sales to Create Opportunity for the Product in the Market

Opportunity

The trend of using motorcycles, scooters, and e-bikes, particularly in cities where roads are highly jammed, is a direct factor into the growth of helmets demand. This trend has since gained some momentum especially since the end of COVID-19 when people felt safer in their individual vehicles rather than in public transport.

The increase in the number of users is a massive and persistent opportunity which the manufacturers of helmets may use to address new and second-hand demand.

Price Sensitivity and Consumer Awareness Could Be a Potential Challenge for Consumers

Challenge

Consumer price sensitivity is one of the main problems of helmet market, especially in developing regions. The consumer base places too much importance on price and overlooks safety and quality so much so that many retail themed helmets at inexpensive rates or non-verified helmets.

This undermines safety and does not encourage manufacturers to employ high-quality material or innovate.

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HELMET MARKET REGIONAL INSIGHTS

• North America

North America has quite a good share in the helmet market and the helmets here are more focused on sports type helmets as well as high-performance motorcycle helmets.

• Europe

Europe is a large contributor to the helmet market mainly under the segment of bike and sports helmet since European culture involves a lot of cycling, skiing and motor sports.

• Asia

Asia Pacific has emerged as the most dominant region in the Helmet market share due to a convergence of factors that propel its leadership in this dynamic industry. The highest volume in the global helmet market is experienced in Asia Pacific and the primary factors influencing the performance are the intensive use of motorcicles, rapid urbanization and also the awareness towards safety in the roadways.

KEY INDUSTRY PLAYERS

Key Players Transforming the Helmet Landscape through Innovation and Global Strategy

Key enterprise players are shaping the Helmet marketplace through strategic innovation and marketplace growth. Important players of the market are helmet dealers undertaking the task of innovation, safety certifications, and strategic alliances to facilitate their market survival. Other companies like Shoei Co., Ltd., Arai Helmet Ltd., and Bell Helmets are manifesting a lot of investment in research and development in order to come up with avanced helmets by using some of the features which are not obvious in other helmets such as multi-directional impact protection systems (MIPS), lightweight carbon-fiber shells as well as better breathing systems.

List Of Market Players Profiled

• Schuberth (Germany)
• BRG Sports (USA)
• Rudy Project (Italy)
• Nolan (Italy)
• Limar (Italy)

INDUSTRIAL DEVELOPMENT

Oct 2022: Steelbird Hi-tech India Limited revealed the launching of 1000 RiderZ Shoppe outlets that would process in the sale of the variety of new helmets, rider jackets, and other riding garments, such as suits, gloves, goggles, and pannier boxes India and in other foreign markets.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.