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Pune, India, Sept. 06, 2022 (GLOBE NEWSWIRE) -- The global motorcycle helmet market size was USD 7.25 billion in 2020. The market is projected to grow from USD 7.92 billion in 2021 to USD 20.09 billion in 2028 at a CAGR of 14.2% during the 2021-2028 period. This information is published by Fortune Business Insights™, in its report, titled,“Motorcycle Helmet Market, 2021-2028.”
As per our expert researchers, stringent guidelines concerning road safety executed by governments combined with augmented consciousness regarding head injury are fundamental aspects driving the motorcycle helmet market growth.
Industry Development
• October 2021: HJC Helmets launched its first Redbull certified helmet. HJC and Red Bull collaborated to create an exceptional helmet, the RPHA 1 Austin GP helmet.
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Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021 to 2028 CAGR | 14.2% |
| 2028 Value Projection | USD 20.09 Billion |
| Base Year | 2020 |
| Market Size in 2021 | USD 7.92 Billion |
| Historical Data for | 2017-2019 |
| No. of Pages | 200 |
| Segments covered | By Product Type, By Distribution Channel |
| Growth Drivers | Rising Number of Motorbikes and Sports Two-wheeler Enthusiasts to Fuel Market Growth |
| Europe was the third-largest market in 2020. In the first three quarters of 2021 |
Regional Insights
Asia Pacific holds the maximum motorcycle helmet market share, accounting for USD 6.15 billion. It is estimated to drive the market during the forecast period.
The rest of the world ranked as the second-largest market. The rest of the world comprises Latin America, the Middle East, and Africa. Africa is estimated to contribute substantially toward the growth of the motorcycle helmet market.
Europe was the third-largest market in 2020. In the first three quarters of 2021, motorcycle registrations in the region grew by 10.6%, tallying 792,819 units.
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Market Drivers-
Rising Number of Motorbikes and Sports Two-wheeler Enthusiasts to Fuel Market Growth
In established countries, two-wheelers are mainly utilized for recreational happenings and therefore more often possessed in addition to a car. Moreover, in emerging nations, a motorcycle is often used as a basic medium of transport. Bikes are attaining a stronghold in the commercial sector as well. They are primarily utilized for food delivery and delivery of e-commerce products. Also, post lockdown, the demand for bikes has increased noticeably owing to the bike-sharing business attaining momentum. This pooled with the growing consciousness on-road protection is expected to boost the market growth during the forecast period.
| Segmentation | By Product Type - Full Face
- Open Face
- Half Face
|
| By Distribution Channel |
COVID-19 Impact
Pandemic to Cause Decline in Product Sales Backed by Stay-at-Home Guidelines
The global outbreak of the COVID-19 triggered massive ambiguity and panic in global industries. In order to monitor the spread of the COVID-19 pandemic, governments across the world have accepted lockdown interferences and severe social distancing norms. With the intensifying spread of the COVID-19 virus, people across the globe began practicing social distancing, which began movement limitations and assembly and production series to close.
Competitive Landscape
Collaborations among Companies to Safeguard Their Brand Values in Global Market
Fundamental players in the market are incessantly rooting for efficient tactics to endorse their products and establish their positions in the market. One such tactic is to present novel products by teaming up with other companies to expand their reach to end-users.
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Companies Profiled in the Motorcycle Helmet Market Research Report:
- Shark Helmets (Marseille, France)
- ARAI Helmets (Saitama, Japan)
- Manufactures Tomas SA (La Palma, Spain)
- Nolan Helmets SpA (Bergamo, Italy)
- Shoei Co. Ltd. (Tokyo, Japan)
- Bell Helmet (Illinois, U.S.)
- Studds Accessories Ltd. (Haryana, India)
- Schuberth GmbH (Lower Saxony, Germany)
- Steelbird Helmets (Delhi, India)
- Dainese SpA (Colceresa, Italy)
FREQUENTLY ASKED QUESTIONS
1. Who has the best Motorcycle Helmet?
Shark Helmets, ARAI Helmets, Manufactures Tomas SA, Nolan Helmets SpA, Shoei Co. Ltd., Bell Helmet, Studds Accessories Ltd., Schuberth GmbH, Steelbird Helmets, Dainese SpA
2. How big is the Motorcycle Helmet market?
Fortune Business Insights says that the global market size was USD 7.92 Billion in 2021 and is projected to reach USD 20.09 Billion by 2028.
3. Which region held the highest share in the market?
Asia Pacific Motorcycle Helmet Market Size, 2020
Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2 Distribution Analysis
4.3 Porter's Five Forces Analysis
4.4 PEST Analysis
4.5 Vendor Landscape
4.6 Impact of COVID-19
5. Global Motorcycle Helmet Market Analysis, Insights and Forecast, 2017-2028
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Distribution Channel
5.2.1 Online
5.2.2 Offline
5.3. Market Analysis, Insights and Forecast – By Product Type
5.3.1 Full Face
5.3.2 Half Face
5.3.3 Open Face
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1 North America
5.5.2 Europe
5.5.3 Asia Pacific
5.5.4 Rest of the World
6. North America Motorcycle Helmet Market Analysis, Insights and Forecast, 2017-2028
Continued…
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