PUBLISHER: The Business Research Company | PRODUCT CODE: 1427911
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427911
A motorcycle helmet is a protective headgear designed in the form of a hat, crafted from durable and rigid materials. It is worn by motorcycle riders to safeguard their head in the event of an accident. The primary purpose of motorcycle helmets is to mitigate the risk of head injuries during impacts, offering crucial protection for adult motorcyclists engaged in traffic situations.
The market for motorcycle helmets encompasses various product types, each tailored to specific preferences and requirements. These include full-face helmets, modular helmets, open-face helmets, half-helmets, off-road helmets, dual-sports helmets, and other specialized variants. Full-face helmets, for instance, feature a monocoque shell design that ensures comprehensive protection for the head and chin. These helmets are made available through both offline and online distribution channels, catering to a diverse range of end-users, including both riders and passengers. The adoption of motorcycle helmets plays a crucial role in enhancing safety for individuals involved in motorcycle travel.
The motorcycle helmet market research report is one of a series of new reports from The Business Research Company that provides motorcycle helmet market statistics, including motorcycle helmet industry global market size, regional shares, competitors with a motorcycle helmet market share, detailed motorcycle helmet market segments, market trends and opportunities, and any further data you may need to thrive in the motorcycle helmet industry. This motorcycle helmet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The motorcycle helmet market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be ascribed to the rising ownership of motorcycles, heightened emphasis on rider safety, the proliferation of motorsports and racing events, the global expansion of motorcycle brands, and governmental initiatives aimed at enhancing rider safety.
The motorcycle helmet market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be credited to the escalating adoption of electric motorcycles, a heightened focus on lightweight and comfortable designs, the worldwide popularity of adventure riding, adherence to stringent safety standards and regulations, and the implementation of consumer education programs. Key trends expected in the forecast period encompass strategic collaborations, the incorporation of advanced materials, innovations in helmet design, the integration of smart helmet technologies, and a surge in customization and personalization.
The increasing demand for two-wheeled vehicles is poised to propel the motorcycle helmet market's growth in the foreseeable future. Two-wheeler vehicles encompass motorized automotive units such as scooters, motorcycles, and mopeds, characterized by their dual wheels and the connection of the motor and engine to each wheel. Wearing a motorcycle helmet diminishes the likelihood of fatalities or substantial brain injuries by absorbing a greater portion of impact energy during accidents, outperforming the natural protection offered by the rider's head and brain. As an illustration, in February 2023, MotorCycles Data, a UK-based sales analytics firm specializing in motorcycle brands, reported that Honda Motor Co. Ltd., a Japanese conglomerate involved in automobile, motorcycle, and two-wheeler production, achieved sales figures of 17.6 million units-a 4.9% surge from the preceding year-capturing a 29.4% global market stake. Concurrently, data from the National Safety Council, a US-headquartered nonprofit dedicated to public safety, highlighted an 8% uptick in motorcycle-linked fatalities between 2020 and 2021. Hence, the escalating demand for two-wheeled vehicles is instrumental in augmenting the motorcycle helmet market.
The burgeoning count of government-led initiatives coupled with the rigorous enforcement of traffic regulations is anticipated to amplify the motorcycle helmet market's expansion. These stringent traffic regulations, crafted by governmental bodies, lay down explicit rules and directives to govern vehicular and pedestrian traffic on thoroughfares. The promulgation and robust enforcement of helmet mandates transform helmet utilization into a legal requisite, thereby curtailing non-adherence and elevating helmet adoption rates. For example, in September 2022, as reported by The Economic Times, an Indian business-centric newspaper, the incumbent Indian administration has set forth an ambitious objective of halving road mishaps by the year 2024. Consequently, the proliferation of governmental endeavors and the strict enforcement of traffic edicts are catalyzing the growth trajectory of the motorcycle helmet market.
Product innovation stands out as a pivotal trend gaining traction in the motorcycle helmet market, with major industry players actively engaged in the development of novel products and the incorporation of advanced features to fortify their market standing. Demonstrating this trend is Caberg S.p.A., an Italy-based motorcycle helmet manufacturer, which, in May 2023, introduced the Caberg Riviera V4 X-a cutting-edge jet-style motorcycle helmet model boasting ECE 22.06 certification, the latest and highest standard for motorcycle safety equipment. This certification is complemented by compatibility with the Caberg Pro Speak Evo intercom system installation, and the helmet's design includes features aimed at minimizing the impact of air resistance at higher speeds.
Prominent companies in the motorcycle helmet sector are directing their efforts towards the introduction of innovative solutions, such as smart helmets, to reinforce their market positions. A notable example is TALI Connected, a France-based provider of high-performance motorcycle equipment, which unveiled the iT-C Smart Helmet in June 2022. Constructed from high-quality carbon fiber for lightweight durability, the iT-C features an integrated emergency release system for easy removal by first responders in the event of an accident. Seamlessly pairing with the TALI Ride app, the helmet provides users with turn-by-turn navigation, music streaming, and hands-free calling functionalities.
In August 2022, Vista Outdoor Inc., a US-based manufacturer specializing in outdoor sports and recreation products, acquired Fox Racing for $540 million. This acquisition serves as a strategic alignment for Vista Outdoor, facilitating the expansion of its product portfolio to include high-quality helmets, protective gear, and apparel tailored for motocross and mountain biking. Fox Racing, a US-based company known for manufacturing motorcycle helmets, protective equipment, and sports gear, adds a valuable dimension to Vista Outdoor's offerings in the motorcycle industry.
Major companies operating in the motorcycle helmet market report are Harley-Davidson Inc., Schuberth GmbH, Dainese SpA, Shoei Co. Ltd., Alpinestars SpA, Nolan Helmets SpA, GIVI, Studds Accessories Limited, Steelbird Hi-Tech India Ltd., Ergodyne Corporation, Icon Motorsports, Caberg SpA, AGV Helmets, Shark Helmets, HJC Helmets, Nolan Helmets S.p.A., Vega Auto Accessories Pvt. Ltd., LS2 Helmets, Manufacturas Tomas SA, Arai Helmet Limited, ScorpionEXO, Bell Helmets, The Enfield Cycle Company, KBC Helmets, Balaji Industries, NEXX Helmets, JI Justness Industrial Co. Ltd., Onward Helmet Co. Ltd., Anbu Safety Industry Co. Limited
Asia-Pacific was the largest region in the motorcycle helmet market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle helmet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the motorcycle helmet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The motorcycle helmet market consists of sales of impact-absorbing liner, comfort padding, retention systems, dual-sport helmets, and equestrian helmets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Motorcycle Helmet Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on motorcycle helmet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for motorcycle helmet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The motorcycle helmet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.