Bike Helmet Market Analysis Europe, North America, APAC, South America, Middle East and Africa - US, The Netherlands, Denmark, Japan, Germany - Size and Forecast 2024-2028

Bike Helmet Market Size 2024-2028

The bike helmet market size is forecast to increase by USD 346.2 billion at a CAGR of 5.96% between 2023 and 2028.

• The market is experiencing significant growth due to the increasing popularity of cycling as a recreational and commuting activity. Consumers are prioritizing quality and safety in their purchases, leading to a shift towards road helmets and mountain bike helmets. in addition, telecommunications and information services can play a role in educating consumers about the importance of buying genuine bike helmets and the risks associated with counterfeit products. Online sales are also on the rise, making it easier for consumers to access a wider range of options. However, the availability of counterfeit bike helmets poses a challenge to market players, requiring them to maintain a brand reputation and ensure product authenticity. Overall, the market is expected to continue growing due to the increasing focus on road safety and the growing number of cycling enthusiasts

What will the size of the market be during the forecast period?

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• The market is witnessing significant growth due to the increasing awareness of road safety and the importance of using safety equipment while cycling. The market is driven by several factors, including the rising number of cycling enthusiasts, health benefits associated with cycling, and stringent safety regulations. Cycling has emerged as a popular form of exercise, with an estimated 48 million Americans engaging in the activity regularly. Obesity and related health issues have become a significant concern, leading many individuals to adopt cycling as a means of maintaining a healthy lifestyle.

• However, the risk of accidents while cycling cannot be ignored, making the use of bike helmets a necessity. Safety regulations play a crucial role in driving the demand for bike helmets in the US. Legislation mandating the use of helmets for cyclists of all ages has been implemented in several states, ensuring that riders prioritize their safety. The severity of injuries sustained in bicycle accidents can be severe, including head injuries and brain injuries, making the use of a bike helmet an essential precaution. Product innovation is a key trend in the market, with manufacturers focusing on developing helmets with advanced features such as improved ventilation systems, lightweight designs, and enhanced protection.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Road helmets
  • Sports helmets
  • Mountain bike helmets
• Application
  • Daily transportation
  • Sports/adventure
• Geography
  • Europe
    • Germany
    • Denmark
  • North America
    • US
  • APAC
    • Japan
  • South America
  • Middle East and Africa

By Type Insights

• The road helmets segment is estimated to witness significant growth during the forecast period.

The market has witnessed significant growth in recent years, with road helmets accounting for the largest segment due to their elongated shape and vents made of expanded polystyrene (EPS). In numerous countries, regulations requiring riders to wear helmets during everyday travel have contributed to the expansion of this segment. Additionally, the demand for lighter and safer helmets from helmet manufacturers is expected to accelerate market growth. The rising purchasing power of the global middle class and the increasing number of bicycle accidents have fueled the need for road helmets. These factors are projected to drive the growth of the road helmet segment within The market throughout the forecast period.

Furthermore, the importance of head protection in preventing severe injuries, including brain injuries, cannot be overstated. Cycling events and recreational activities have also highlighted the use of bike helmets to ensure the safety of riders. The market for bike helmets is expected to continue growing as businesses respond to the increasing demand for safer cycling experiences.

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The road helmets segment was valued at USD 320.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 26% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Another region offering significant growth opportunities to vendors is Europe. The market in Europe is experiencing significant growth due to the increasing popularity of bicycle riding activities. This trend can be attributed to the high priority placed on health and safety, as well as legislation requiring the use of safety equipment during cycling. The region's governments and organizations promote outdoor activities to combat obesity and improve overall health. As a result, the demand for bike helmets has risen. France, Italy, and the UK are major contributors to the market in Europe. Innovative product improvements and safety features have also influenced purchasing power, making premium helmets an attractive investment for consumers. The market is expected to continue growing as more people turn to cycling as a form of exercise and transportation.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Bike Helmet Market?

The rising number of mountain bicycle clubs and events is the key driver of the market.

• The proliferation of bicycle enthusiast groups and clubs in the United States, dedicated to mountain biking, racing, and other related activities, has significantly fueled the demand for bike helmets. According to recent statistics, there are over 2,100 such groups with a membership base of approximately one million individuals in over 900 cities across 50 countries. Some of the most prominent bicycle meetups in the US include the Hudson Valley Hikers in New York and Chicago Hiking Outdoors in Chicago. In Canada, the Vancouver Hiking Meetup Group is a notable presence, while the Trailblazer in London, UK, attracts a large following.

• The growth in the number of these clubs is anticipated to stimulate sales of mountain bikes, thereby increasing the demand for high-end bike helmets. These helmets often come equipped with advanced features such as GPS maps, speedometers, and even augmented reality technology. Entrepreneurs in the automotive parts industry stand to benefit from this trend, as the demand for bike helms with cutting-edge technology continues to rise. However, it is essential to be vigilant against counterfeit goods and fake helmets, which can pose a significant risk to rider safety. To ensure the authenticity and quality of bike helmets, consumers are advised to purchase from reputable dealers and retailers.

What are the market trends shaping the Bike Helmet Market?

The rising prominence of online sales is the upcoming trend in the market.

• In the realm of consumer goods, the market is experiencing significant growth due to the increasing prioritization of road safety and adherence to safety regulations. Several brands are leading the charge in product innovation, ensuring high-quality road helmets and mountain bike helmets that cater to the diverse needs of cycling enthusiasts. The infrastructure of e-commerce platforms plays a crucial role in the market's expansion. With the widespread availability of the Internet and the increasing usage of smartphones, consumers are increasingly relying on online research to make informed purchasing decisions.

• As of January 2022, approximately 4.6 billion individuals worldwide were Internet users, providing a vast potential customer base for companies in this market. By offering convenient logistics facilities and access to popular e-retailers, businesses can streamline their operations and cater to the demands of this growing market. As cycling gains popularity, the demand for high-quality and innovative bike helmets is expected to continue rising.

What challenges does Bike Helmet Market face during the growth?

The availability of counterfeit products bike helmets is a key challenge affecting the market growth.

• The market for bike helmets in the United States has experienced significant growth due to the increasing popularity of cycling as a mode of daily transportation and recreational activity. However, this growth has also led to an increase in the availability of counterfeit bike helmets, which pose a risk to consumer safety. These counterfeit helmets are often made with low-quality materials, making them less durable and less effective in preventing injuries during accidents. Brand reputation is a crucial factor for consumers when purchasing bike helmets, as they want to ensure they are buying a safe and reliable product. However, the affordability of counterfeit helmets can be tempting for some consumers.

• E-commerce platforms have facilitated the distribution and sales of these counterfeit products, making them easily accessible to consumers across the country. Consumers need to be able to distinguish genuine bike helmets from counterfeit ones to ensure their safety. Government authorities have taken measures to seize counterfeit products, but the challenge lies in raising awareness among consumers about the risks associated with using counterfeit bike helmets. Bike helmet types, such as road helmets and sports helmets, come in various lightweight designs to cater to different cycling needs.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• ABUS August Bremicker Sons KG
• Casco International GmbH
• Giant Manufacturing Co. Ltd.
• Guangdong Senhai sporting goods Co. Ltd.
• Halfords Group Plc
• KASK Spa
• Limar Srl
• Locatelli Spa
• Louis Garneau
• MAVIC Group
• Merida Industry Co. Ltd.
• MET SPA
• ORBEA S. COOP. LTDA
• Rudy Project SpA
• SCOTT Sports SA
• Shenzhen GUB Bicycle Trading Co. Ltd.
• Shunde Moon Helmet Co. Ltd
• Specialized Bicycle Components Inc.
• Trek Bicycle Corp.
• ZhuHai Safety Helmets MFG Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Bike helmets have become an essential safety equipment for bicycle riders, with legislation mandating their use in various regions due to the rising number of bike accidents. The market for bike helmets is driven by the increasing popularity of bicycle riding activities as a form of exercise and daily transportation. The demand for safer goods is on the rise, with consumers prioritizing safety features such as lightweight materials, improved ventilation, and enhanced protection against head injuries. The market is witnessing significant product innovations, with companies incorporating cutting-edge technology such as GPS maps, speedometers, augmented reality, and communication devices. Entrepreneurs are also focusing on creating high-end features like EPS foam, rigid outside shells, and rotational force protection to cater to the needs of motorcycle riders and enthusiasts.

However, the market is also plagued by the presence of counterfeit goods, with fake helmets posing a significant threat to consumer safety and brand reputation. The use of low-quality materials and lack of safety regulations can lead to fatalities and injuries. The infrastructure development in the bicycle industry, including the growth of cycling events and regulations, is expected to boost the demand for bike helmets. Companies like Dorel Sports, Vista Outdoor, and Met-Helmets are leading the market with their innovative offerings and commitment to quality and safety. The market is also witnessing an increase in demand from millennials and fitness enthusiasts who prioritize healthy exercise and outdoor riding activities.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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