Authored By: Sarah
20 Oct 2023

Bike Helmet Market Analysis through 2023-2027 | Leading Segments, Trends, Drivers and Challenges

Market Recovery and Growth Projections 2023-2027

The rising number of mountain bicycle clubs and events, the rise in government initiatives promoting cycling, and the growing prominence of biking as an outdoor recreational activity are propelling the demand for the Bike Helmet Market across the world. It is estimated to exhibit growth at a CAGR of 5.91% between 2022 and 2027. The size of the market is forecast to increase by USD 325.36 million.

Bike Helmet Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market can be segmented by type (road helmets, sports helmets, and mountain bike (MTB) helmets), application (daily transportation and sports/adventure), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
  • 30 % of the market growth will originate from Europe during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Bike Helmet Market size.

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Snapshot of Bike Helmet Market

Bike Helmet Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Growing demand for safety bike equipment will be a significant factor in driving the growth of the Bike Helmet Market.
  • Increasing production of bikes will be instrumental in driving the market growth during the forecast period.
  • The high cost of the helmets is a hurdle that needs to be crossed on the path to success

Leading companies such as Giant Bicycle India, KASK Spa, Limar Srl, Locatelli Spa, MET SPA, ORBEA S. COOP. LTDA., Rudy Project SpA, Specialized Bicycle Components Inc., Trek Bicycle Corp., and Zhuhai Safety Helmets MFG Co. Ltd. are some of the major market participants that come with a wide variety of options.

Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments as well. Request for a sample report today.

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