Motorcycle Helmet Market is projected to be worth 5163.1 million by 2033 and is anticipated to surge at a CAGR of 6.33%.
A motorcycle helmet is a type of protective headgear made especially for those who ride motorbikes and other two-wheeled cars. It is an essential piece of safety equipment that reduces the possibility of brain damage in the event of crashes, collisions, or falls when motorcycling. The standard construction of a modern motorcycle helmet is a stiff outer shell composed of materials like carbon fibre, polycarbonate, or fiberglass that offer structural strength and penetrating resistance. Expanded polystyrene (EPS) foam is used as the inner lining or cushioning, its purpose being to absorb and disperse impact force. In addition to improving comfort, the padding keeps the helmet firmly in place on the rider's head.
Global Motorcycle Helmet Market Driving Factors and Challenges
The increased global demand for luxury bikes, as well as the growing popularity of motorcycle competitions and events, are expected to drive good growth potential for helmet makers. Furthermore, the popularity of motorsports and racing competitions on a national and international scale is rapidly increasing. Furthermore, technological advancements have made it easier for business owners to introduce smart helmets onto the global market. Smart helmets use cutting-edge technology, allowing motorcyclists to ride securely and effectively by averting traffic collisions. GPS connectivity, speech recognition, tracking devices, cameras, Bluetooth, and Wi-Fi connectivity are just a few of the smart helmet's capabilities. As a result, the launch of a multifunctional smart motorcycle helmet is expected to create significant market opportunities.
The availability of counterfeit or substandard helmets in the market is a serious constraint. Counterfeit helmets frequently violate safety requirements and may not provide adequate protection in the event of an accident. The availability of low-cost, counterfeit choices may deter consumers from purchasing genuine, authorized helmets, reducing motorcycle helmet industry growth and jeopardizing rider safety. Furthermore, despite attempts to raise safety awareness, there are still regions where motorcyclists may be unaware of the significance of wearing helmets or misjudge the risks associated with riding without adequate head protection. Riders who do not perceive the need to invest in helmets or who choose for less-than-satisfactory alternatives may hinder the growth potential of the motorcycle helmet industry due to a lack of knowledge and education on helmet safety.
Impact of COVID-19 on Global Motorcycle Helmet Market
In several professions around the world, safety standards have greatly reduced the likelihood of fatalities by imposing legal penalties on violators. The routine uses of tools and equipment by the workforce, such as clothing, boots, gloves, helmets, and safety eyewear, is also subject to safety regulations. The global sector is currently facing significant uncertainty as a result of the global COVID-19 epidemic. To combat the COVID-19 epidemic, governments around the world established lockdowns and strict social distance laws. As the coronavirus spread, people began to retreat from social situations, limiting travel and forcing the shutdown of production lines. These factors had an impact on global auto sales.
Global Motorcycle Helmet Market Key Players:
The market data provided by the study by competitive landscape, revenue analysis, and market segments includes a detailed analysis of key market players, such as Bell Helmets, Aria Helmet, Ltd, HJC America, Inc, Shoei Co Ltd, Schuberth GmbH, AGV Helmets, Shark Helmets, Nolan Helmets S.p.A, LS2 Helmets, Suomy S.r.l, OGK Kabuto Co, Ltd, KBC Helmets, Scorpion Sports, Inc., Reevu Helmets Ltd, Nexx Helmets, Momo Design S.r.l, Zhejiang Jixiang Motorcycle Fittings Co, Ltd, Nzi Helmets, and AFX Helmets.
Global Motorcycle Helmet Market Segmentation:
By Product: Based on the Product, Global Motorcycle Helmet Market is segmented as; Full-face helmets, Open-face helmets, Half helmets, Modular helmets, Others.
By Material Type: Based on the Material Type, Global Motorcycle Helmet Market is segmented as; Fibreglass, Polycarbonate, Thermoplastic, Others.
By End User: Based on the End User, Global Motorcycle Helmet Market is segmented as; Rider, Passenger.
By Distribution Channel: Based on the Distribution Channel, Global Motorcycle Helmet Market is segmented as; Speciality Store, Supermarkets & Hypermarkets, E-commerce, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.