Bike Helmet Market Size to grow by USD 346.2 million between 2024-2028
According to a research report “ Bike Helmet Market” by Type (Road helmets, Sports helmets, Mountain bike helmets) Application (Daily transportation, Sports/adventure) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 346.2 million, at a CAGR of 5.96% during the forecast period. The global proliferation of mountain bicycle clubs and groups, with a total of 2,105 organizations and 1,074,892 members in 920 cities spanning 50 countries, is a significant market catalyst for the bike helmet industry. Notable meetups include the Hudson Valley Hikers in New York, USA, Chicago Hiking Outdoors in Chicago, USA, The Vancouver Hiking Meetup Group in Vancouver, Canada, and London's Trailblazers. The anticipated growth in these cycling clubs and their activities is projected to fuel the demand for mountain bikes, ultimately driving sales of bike helmets throughout the forecast period.
Browse market data tables, figures, and in-depth TOC on “Bike Helmet Market” by Type (Road helmets, Sports helmets, Mountain bike helmets) Application (Daily transportation, Sports/adventure) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the Road helmets segment is projected to dominate the market size in 2024
The Bike Helmet Market represents a significant business opportunity, driven by increasing consumer awareness towards road safety and regulatory norms. Market growth is underpinned by technological advancements, including lightweight and ventilated helmet designs, and the integration of smart features. Key players are focusing on expanding their product portfolios and enhancing distribution networks to capitalize on this trend.
By Application, Daily transportation segment is expected to hold the largest market size for the year 2024
The Bike Helmet Market represents a significant business opportunity, driven by increasing consumer awareness regarding road safety. Market growth is fueled by rising bicycle sales, particularly in emerging economies, and regulatory mandates enforcing helmet usage. Key players in this industry focus on innovation, design, and technology to cater to diverse customer segments and preferences. The market is expected to experience robust growth in the coming years.
Europe is forecasted to hold the largest market size by region in 2024
The Bike Helmet Market represents a significant business opportunity, driven by increasing consumer awareness regarding road safety and regulatory mandates. Market growth is fueled by technological advancements, such as lightweight and ventilated helmet designs, as well as the integration of smart features. Key players are focusing on expanding their product portfolios and enhancing their distribution networks to capitalize on this trend.
The Bike Helmet Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
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 Bike Helmet Market encompasses various bicycle riding occasions, including fitness activities and outdoor riding, particularly among millennials who value healthy exercise. Head protection is a crucial safety feature for cyclists, especially during rotational force from accidents. Bike helmets offer a rigid outside shell and EPS foam for shock absorption. Communication devices, shelter, and visibility are additional features that cater to the needs of cyclists. Key players in the market include MET-Helmets, Vista Outdoor, Dorel, Moon Helmet, and Rudy Project. The market faces challenges from prohibitions, company closures, and travel restrictions due to regulations and ailments. Brands like MET Helmets, Rudy Project, and Moon Helmet prioritize quality and product innovation, while Dorel Sports focuses on daily transportation and safer goods. The market offers various bike helmet types, including mountain bike helmets and road helmets. Brand reputation, safety regulations, and road safety are essential factors for consumers. Low-quality materials, injuries, fatalities, counterfeit goods, and fake helmets pose risks. Entrepreneurs invest in cutting-edge technology, such as augmented reality, speedometers, and GPS maps, to offer high-end features and improve product look and safety features. The market's growth is influenced by legislation, bike accidents, and the increasing popularity of cycling as a sport and mode of transportation.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
