(MENAFN- America News Hour) Global Premium Motorcycle Helmet Market is valued approximately at USD 935 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2026. A motorcycle helmets is a type of helmet which is primarily used to protect riders from head injuries and provide face protection in a case of accident. Premium motorcycle helmets are also available in the market, which is produced through superior-quality materials, such as carbon fiber, synthetic fibers, and fiberglass that offer high tensile strength and greater security. In contrast to budget helmets, they are supplied with various advanced features options, such as bluetooth connectivity and global positioning system (GPS), which allow the rider to take calls and get navigation response while riding. Further, these helmets are also lightweight, compact sized, equipped with removable, washable and replaceable interior paddings that dissipate sweat faster than usually used alternatives. Increase in the sales of premium motorcycles, implementation of government regulations mandating the use of motorcycle helmets, and the technological developments in these helmets, such as Bluetooth and hands-free options are the few factors responsible for high CAGR of the market over the forecast period. For instance, as per the Society of Indian Automobile Manufacturers (SIAM), the total sale of premium motorcycle is around 8,264 units in 2019, an increase of nearly 130% from 2018 which holds almost 3,585 units of premium motorcycles. This, in turn, is expected to accelerate the demand of premium motorcycle helmet around the world. With the recent outbreak of COVID-19, several countries have been ruining worldwide, and cause severe challenges to every single sector, including automotive component industries. Therefore, manufacturers of motorcycle helmets also have to face challenges, such as supply fluctuations of its raw materials, that results in potentially disruptive effects on production of helmets. Owing to this factor, the market will not be able to grow at significant year in the near future. However, high costs of helmet and lack of awareness among people are rapidly being consider as other limiting factors to the market growth over the forecast period of 2020-2026.
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The regional analysis of global Premium Motorcycle Helmet market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the rapid growth in motorcycle permits in several European countries, along with increasing sales of premium motorcycle in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the implementation of strict government norms for using motorcycle helmets and rise in adoption of premium motorcycle among people in the countries, especially China and India.
Major market player included in this report are:
AGV (Subsidiary of Dainese)
SHOEI Co. Ltd
Arai Helmet Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type:
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Premium Motorcycle Helmet Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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