USD 2.18 billion
Motorcycle Helmet Market Size, Share, Growth Analysis, By End use(professional riders, commuters, recreational riders, and others), By Product-type(full-face helmets, open-face helmets, half helmets, modular helmets), By Material type(fiberglass, carbon fiber, polycarbonate, and thermoplastic), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25J2027 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
95
|Figures:
76
Motorcycle Helmet Market Insights
Motorcycle Helmet Market size was valued at USD 2.18 billion in 2021 and is poised to grow from USD 2.99 billion in 2022 to USD 3.88 billion by 2030, growing at a CAGR of 6.6% in the forecast period (2023-2030).
Motorcycle helmets are essential safety gear designed to protect riders from severe head injuries in the event of an accident. They are engineered to absorb the impact of a crash, thereby reducing the force of the impact on the rider's head. This feature significantly reduces the risk of serious head trauma, brain injury, and even death in the event of an accident. Motorcycle accidents are often caused by unforeseen circumstances such as collisions with other vehicles, loss of control of the motorcycle, or hitting an obstacle on the road. During such incidents, the rider's head is exposed to significant impact forces that can cause serious harm. However, wearing a helmet can significantly reduce the risk of head injury by absorbing the impact of the crash and protecting the skull from direct impact.
In addition to protecting riders from head injuries, motorcycle helmets also provide other benefits. For example, they can protect the eyes and face from wind, dust, and debris that can cause irritation, discomfort, and even blindness. Some helmets also come with additional features such as built-in visors, noise-cancellation technology, and Bluetooth connectivity that enhance the rider's experience and provide added convenience and safety.
In numerous countries worldwide, it is mandatory for motorcycle riders to wear helmets while riding. This has created a huge demand for motorcycle helmets, as riders must purchase helmets to comply with the law. The legal requirements for wearing helmets have significantly increased the market size for helmets, making it a lucrative industry for manufacturers and suppliers. In addition to compliance with the law, the mandatory helmet laws have played a crucial role in reducing the incidence of motorcycle-related head injuries and fatalities. Studies have shown that wearing helmets can reduce the risk of fatal head injuries by up to 40%. Therefore, many governments have implemented mandatory helmet laws as part of their road safety policies.
US Motorcycle Helmet Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Full face helmet.
Fastest Growth
Modular helmet.
Growth Rate
6.6% CAGR
Global motorcycle helmet Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Motorcycle Helmet Market Segmental Analysis
Global motorcycle helmet market is segmented on the basis of Product type, material distribution, channels safety, standards, end use, and region. By end use, the market is segmented into professional riders, commuters, recreational riders, and others. By product type, the market is segmented into full-face helmets, open-face helmets, half helmets, modular helmets, and others. By material, the market is segmented into fiberglass, carbon fiber, polycarbonate, and thermoplastic, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The dominant segment in the motorcycle helmet market is the full-face helmet type. Full-face helmets offer the highest level of protection to the rider, covering the entire face and head, and are widely used by professional riders and enthusiasts. These helmets offer excellent protection from impacts and falls, making them a preferred choice for riders who prioritize safety.
The fastest-growing segment in the motorcycle helmet market is the modular helmet type. Modular helmets are also known as flip-up helmets, and they feature a chin bar that can be flipped up, converting the helmet into an open-face helmet. This design allows riders to easily communicate with others, consume food and beverages, and get some fresh air without removing the helmet. Modular helmets offer a balance of convenience and protection, making them an increasingly popular choice for riders who want a versatile helmet that can adapt to different riding situations.
Global motorcycle helmet Market ByProduct 2022 (%)
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Motorcycle Helmet Market Regional Insights
The motorcycle helmet market in the Asia-Pacific region is currently dominant and holds a significant share of the market revenue. The region's dominance can be attributed to the high demand for motorcycles in countries like India, China, and Indonesia. This demand has led to an increase in the growth of the motorcycle helmet market in the region. Additionally, government initiatives promoting road safety, mandatory helmet laws, and an increase in disposable income levels are also contributing to the growth of the market.
On the other hand, the Middle East and Africa (MEA) region is the fastest-growing region in the motorcycle helmet market. The region is experiencing significant growth due to the increasing use of motorcycles as a primary mode of transportation, especially in countries like Nigeria, South Africa, and Egypt. Furthermore, the implementation of the stringent road safety regulations and mandatory helmet laws is also driving the growth of the motorcycle helmet market in the region.
Global motorcycle helmet Market By Geography, 2022-2030
- Largest
- Fastest
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Motorcycle Helmet Market Dynamics
Drivers
Technological Advancement is Boosting Motorcycle Helmet Demand
- The motorcycle helmet industry is driven by the constant development of innovative technologies and designs aimed at improving the safety and comfort of helmets. This has resulted in an increasing demand for newer and better helmets among motorcycle riders.
- Availability of robust products is projected to encourage more demand in the coming years.
Restraints
Lack of Awareness and Misconception to Prevail in the Market
- Although safety is of utmost importance, the comfort of wearing a motorcycle helmet also plays a significant role in its demand. It is misinterpreted that helmets are uncomfortable to wear and this makes helmet an unpopular choice for several riders.
- Owing to this, the adoption of safety gears is likely to witness restraints in the market development
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Motorcycle Helmet Market Competitive Landscape
The motorcycle helmet market is fiercely competitive, with multiple players striving to capture a larger market share. Key factors driving competition include pricing, quality, design, safety features, and brand recognition. Although the market is dominated by a few large players, several smaller ones are making headway by offering innovative and high-quality products at competitive prices.
The market is characterized by a fast pace of technological advancements, with manufacturers investing heavily in research and development to create helmets with better safety features and overall design. Personalization is also trending, as manufacturers offer a wide array of colors, designs, and graphics that cater to individual rider preferences. Apart from traditional helmet manufacturers, the market also sees competition from emerging companies, including startups and those from other industries. These companies are utilizing technological advancements like smart helmets, which incorporate Bluetooth and GPS technology to set themselves apart in the market.
Top Player’s Company Profiles
- Bell Helmets
- Arai Helmet, Ltd.
- HJC America, Inc.
- Shoei Co. Ltd.
- Schuberth GmbH
- AGV Helmets
- Shark Helmets
- Nolan Helmets S.p.A.
- LS2 Helmets
- Suomy S.r.l.
- Shark Helmets
- OGK Kabuto Co., Ltd.
- KBC Helmets
- Scorpion Sports, Inc.
- Reevu Helmets Ltd.
- Nexx Helmets
- Momo Design S.r.l.
- Zhejiang Jixiang Motorcycle Fittings Co., Ltd.
- Nzi Helmets
- AFX Helmets
Please note that this list is not exhaustive and there may be other companies that are not mentioned here but still play a significant role in the motorcycle helmet.
Recent Developments
- In February 2023, Steel bird, a renowned helmet manufacturer, unveiled its newest addition to the Aeronautics series - the SBH-40 Mamba helmet.
- This full-face helmet is constructed with thermoplastic shells, ensuring its durability and sturdiness. The helmet's visor is composed of high-density EPS and Polycarbonate, offering riders optimum protection from impacts and falls.
Motorcycle Helmet Key Market Trends
- Growth in Online Demand: The motorcycle helmet market has been affected by the growing trend of e-commerce, leading to an increase in the number of riders who prefer to purchase helmets online. Online retailers have expanded the market by offering a vast array of helmet options that cater to different needs and preferences. These e-commerce platforms also provide detailed product descriptions and customer reviews, which help riders make informed decisions when purchasing helmets online.
- Demand for Stylish Products and Accessories: The demand for stylish products and accessories is expected to gain a huge momentum owing to the preference for stylish products for riding.
Motorcycle Helmet Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global motorcycle helmet market indicates significant growth potential during the forecast period, owing to several advantages it offers. The industry is primarily driven by constant innovations in helmet technology and design, aimed at enhancing the safety and comfort of riders. This has resulted in a highly competitive market, with multiple players vying for a larger market share, based on factors such as pricing, quality, design, safety features, and brand recognition. While a few large players dominate the market, several smaller companies are gaining momentum by offering innovative and high-quality products at competitive prices.
However, the comfort factor of motorcycle helmets also plays a critical role in their demand, and a lack thereof can lead to restraint in the market. Although safety remains a top priority, helmets that are uncomfortable to wear may discourage some riders from wearing them, leading to a decline in demand.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.18 billion |
| Market size value in 2031 | USD 3.88 billion |
| Growth Rate | 6.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Motorcycle Helmet Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Motorcycle Helmet Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Motorcycle Helmet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Motorcycle Helmet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Motorcycle Helmet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Motorcycle Helmet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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