USD 2.18 billion
Report ID:
SQMIG25J2027 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
95
|Figures:
76
Motorcycle Helmet Market size was valued at USD 2.99 Billion in 2023 and is poised to grow from USD 3.19 Billion in 2024 to USD 4.14 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
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.
Global Market Size
USD 2.18 billion
Largest Segment
Full face helmet.
Fastest Growth
Modular helmet.
Growth Rate
6.6% CAGR
To get more reports on the above market click here to Buy The Report
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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Technological Advancement is Boosting Motorcycle Helmet Demand
Restraints
Lack of Awareness and Misconception to Prevail in the Market
Request Free Customization of this report to help us to meet your business objectives.
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
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
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 2022 | USD 2.18 billion |
Market size value in 2031 | USD 3.88 billion |
Growth Rate | 6.6% |
Base year | 2023 |
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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25J2027
sales@skyquestt.com
USA +1 351-333-4748