Latest News- Bike Helmet Market: Road helmets expected to lead the Type segment during 2024-2028

The Bike Helmet Market is being driven by Rising number of mountain bicycle clubs and events

The Bike Helmet Market is expected to grow at a CAGR of 5.96% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 346.2 million. In the Bike Helmet Market, the trend towards online research and purchasing is driving significant growth. Major e-retailers, such as Amazon.com Inc., Alibaba Group Holding Ltd., and JD.com Inc., are leading this shift due to their extensive reach and logistical capabilities. With over 4.6 billion internet users worldwide as of January 2022, the increasing penetration of the internet and smartphone adoption is fueling the preference for online distribution channels. For vendors in the market, access to these popular e-retailers and efficient logistics facilities are essential for streamlined business operations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

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

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising number of mountain bicycle clubs and events
• Rise in government initiatives promoting cycling
• Growing prominence of biking as an outdoor recreational activity

However, the market also witnesses some limitations, which are as follows:

• Availability of counterfeit products of bike helmets
• Intense competition among vendors leads to price wars
• Rising prices of raw materials

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Market Scope in Bike Helmet Market Research Report

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Research Analysis Overview

Title: The Bike Helmet Market: Protecting Cyclists from Ailments and Injuries The bike helmet market has witnessed significant growth in recent years due to the increasing number of cyclists and the rising awareness of road safety. With the surge in cycling events and the severity of bicycle accidents, the demand for bike helmets has increased. Brain injuries, particularly head injuries, are common in bike accidents and can lead to ailments and long-term health issues. Leading bike helmet brands offer various types of helmets, including full-face helmets, open-face helmets, and aerodynamic helmets, catering to different rider preferences and needs. Product innovation and safety regulations have played a crucial role in enhancing the functionality and safety features of bike helmets. The purchasing power of consumers, influenced by health and obesity concerns, has fueled the market's growth. Legislation and road safety initiatives have also played a significant role in driving demand for bike helmets. As cycling gains popularity as an effective exercise option, the bike helmet market is expected to continue its upward trajectory.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio's market analysis, the household durables market size is determined by the consolidated revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several key factors, including the surge in health and fitness club memberships. Over the past decade, membership numbers have seen significant growth, and the industry's potential continues to attract new players. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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