Market Overview

The Bike Helmet Market is experiencing a surge in demand due to the increasing popularity of cycling as a means to maintain fitness and reduce obesity rates. This trend has led to a higher need for safety gear and apparel, with governments mandating the use of helmets for riders. The growing interest in sustainability issues has also contributed to an increase in global cyclists, further driving sales of cycling helmets and boosting the market’s share value.

Moreover, advancements in product features and safety technologies have enhanced the product’s appeal to consumers.
Growing awareness of road safety is expected to fuel product demand, as more motorbike and sports bike enthusiasts seek protection against traffic-related injuries. This rising concern for safety has become a significant challenge for public authorities who aim to prevent accidents and fatalities.

According to the United Nations Motorcycle Helmet Study, over 3.3 million people have lost their lives in motorcycle accidents between 2008 and 2020, with approximately 1.4 million of these lives potentially being saved by proper helmet use. This data emphasizes the critical role of helmets in preventing fatal injuries, further driving the adoption of two-wheeler helmets during the forecast period.

Segment Overview

The global market offers various types of bike helmets, such as sports helmets, MTB helmets, and road helmets. The road helmets segment dominates the global market in terms of sales, as many countries have strict regulations mandating their use for everyday travel. However, the sports helmet segment is expected to witness the highest compound annual growth rate (CAGR) in the coming years due to the rising popularity of sports activities, particularly in developed economies.

According to the report, the major applications of bike helmets are for sports/adventure and everyday travel. The everyday travel segment has accounted for the largest share in the market, as bike helmets are increasingly being used by riders on a daily basis, especially due to the increase in accidents and resulting injuries. Furthermore, strict government mandates regarding bike helmets have encouraged higher sales among on-road bikers.

Regional Analysis

Italy is poised to become the fastest-growing market in the European region as the popularity of sports activities among the youth continues to rise. In response to the increasing demand for advanced helmets, more and more manufacturers are investing heavily in R&D to offer smart and technologically advanced helmets, such as those equipped with LED lights for use at nighttime.

With major companies launching innovative products and driving product innovation, the European market is expected to remain robust throughout the evaluation period.

Meanwhile, the Asia Pacific market is projected to have the highest growth rate of 5.95 percent between 2020 and 2028, thanks to the increasing sales of premium motorcycles and accessories, including helmets. Consumers in the region are increasingly opting for high-end helmets that offer better protection, comfort, and convenience, which is aided by their rising purchasing power.

The market value is also boosted by growing awareness about cycling safety and government regulations mandating the use of helmets. Furthermore, the surge in road accidents in India is driving demand for helmets as people seek better safety measures.

Major Player

Key players in the market are Uvex Sports (Germany), SCOTT Sports SA. (Switzerland), Specialized Bicycle Components (US), MET-Helmets (Italy), Vista Outdoor Operations LLC (US), Orbea (Spain), KASK S.p.a. (Italy), Dorel Sports (Canada), Trek Bicycle Corporation (US), Limar Srl (Italy).

COVID 19 Impacts

The COVID-19 pandemic has had a mixed impact on the global bike helmet market. On the one hand, there has been a surge in demand for bicycles and related accessories due to an increased focus on health and fitness, as well as a preference for socially distant transportation options. This has led to an increase in the sales of bike helmets in some regions.

On the other hand, the pandemic has also caused disruptions in the supply chain and manufacturing processes, leading to a shortage of bike helmets in some areas. Additionally, the closure of sporting events and outdoor recreation facilities has reduced the demand for bike helmets, especially among professional and competitive cyclists.

Moreover, the pandemic has also impacted the purchasing power of consumers, leading to a shift towards more affordable options in the bike helmet market. As a result, mid-range and budget helmets have seen an increase in demand, while high-end, premium helmets have experienced a decline in sales.

TABLE OF CONTENT

1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL BIKE HELMET MARKET, BY TYPE 17
1.1.2 GLOBAL BIKE HELMET MARKET, BY APPLICATION 18
1.1.3 GLOBAL BIKE HELMET MARKET, BY REGION 19
2 MARKET INTRODUCTION
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 MARKET STRUCTURE 20
2.4 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 LIST OF ASSUMPTIONS 26
4 MARKET DYNAMICS
4.1 INTRODUCTION 27
4.2 DRIVERS 28
4.2.1 STRINGENT LAWS MANDATING THE USE OF HELMETS 28
4.2.2 GROWING TREND OF PROFESSIONAL CYCLE RACES 28
4.2.3 INCREASING INSTANCES OF BIKE ACCIDENTS 29
4.3 RESTRAINT 30
4.3.1 HIGH COSTS OF BIKE HELMETS 30
4.4 OPPORTUNITIES 31
4.4.1 TECHNOLOGICAL DEVELOPMENTS 31
4.5 CHALLENGES 32
4.5.1 LACK OF AWARENESS ABOUT SAFETY 32
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS 33
5.1.1 RAW MATERIAL PROCUREMENT 34
5.1.2 MANUFACTURING 34
5.1.3 PACKAGING 34
5.2 SUPPLY CHAIN ANALYSIS 35
5.3 PORTER’S FIVE FORCES ANALYSIS 36
5.3.1 THREAT OF NEW ENTRANTS 36
5.3.2 BARGAINING POWER OF SUPPLIERS 37
5.3.3 THREAT OF SUBSTITUTES 37
5.3.4 BARGAINING POWER OF BUYERS 37
5.3.5 INTENSITY OF RIVALRY 37
5.4 BIKE HELMET SAFETY STANDARDS & REGULATIONS IN MAJOR COUNTRIES 38
5.4.1 INTRODUCTION 38
5.4.2 NORTH AMERICA 38
5.4.2.1 US 38
5.4.2.2 CANADA 38
5.4.3 EUROPE 38
5.4.3.1 UK 38
5.4.3.2 NETHERLANDS 38
5.4.4 ASIA-PACIFIC 39
5.4.4.1 AUSTRALIA 39
5.4.4.2 NEW ZEALAND 39
6 BIKE HELMET MARKET, BY TYPE
6.1 OVERVIEW 40
6.1.1 GLOBAL MARKET ESTIMATES & FORECAST, BY TYPE, 2021-2028 41
6.2 ROAD HELMETS 41
6.2.1 ROAD HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 42
6.2.2 ROAD HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 42
6.3 SPORTS HELMETS 43
6.3.1 SPORTS HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 43
6.3.2 SPORTS HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 44
6.4 MTB HELMETS 44
6.4.1 MTB HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 44
6.4.2 MTB HELMETS: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 45
7 BIKE HELMET MARKET, BY APPLICATION
7.1 OVERVIEW 46
7.1.1 GLOBAL MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021-2028 47
7.2 DAILY TRANSPORTATION 48
7.2.1 DAILY TRANSPORTATION: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 48
7.2.2 DAILY TRANSPORTATION: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 48
7.3 SPORTS/ADVENTURE 49
7.3.1 SPORTS/ADVENTURE: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 49
7.3.2 SPORTS/ADVENTURE: MARKET ESTIMATES & FORECAST, BY REGION, 2021-2028 49
8 GLOBAL BIKE HELMET MARKET, BY REGION
8.1 OVERVIEW 50
8.2 NORTH AMERICA 52
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.2.1 US 54
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.2.2 CANADA 56
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.2.3 MEXICO 57
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3 EUROPE 59
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.1 GERMANY 62
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.2 FRANCE 63
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.3 UK 64
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.4 ITALY 66
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.5 RUSSIA 67
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.6 SPAIN 68
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.3.7 REST OF EUROPE 70
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4 ASIA-PACIFIC 72
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.1 CHINA 75
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.2 JAPAN 76
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.3 SOUTH KOREA 78
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.4 INDIA 79
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.5 AUSTRALIA 80
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.6 NEW ZEALAND 82
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.7 INDONESIA 83
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.8 THAILAND 84
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.4.9 REST OF THE ASIA-PACIFIC 86
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5 SOUTH AMERICA 88
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5.1 BRAZIL 90
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5.2 CHILE 92
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5.3 PERU 93
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5.4 COLOMBIA 94
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.5.5 REST OF SOUTH AMERICA 96
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
8.6 MIDDLE EAST & AFRICA 98
BIKE HELMET MARKET, BY TYPE
BIKE HELMET MARKET, BY APPLICATION
9 COMPANY PROFILES
9.1 VISTA OUTDOOR OPERATIONS LLC. 100
9.1.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 100
9.1.2 FINANCIAL OVERVIEW 100
9.1.3 PRODUCTS OFFERED 101
9.1.4 MAIN BUSINESS/BUSINESS OVERVIEW 102
9.2 SPECIALIZED BICYCLE COMPONENTS 103
9.2.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 103
9.2.2 FINANCIAL OVERVIEW 103
9.2.3 PRODUCTS OFFERED 103
9.2.4 MAIN BUSINESS/BUSINESS OVERVIEW 104
9.3 DOREL SPORTS 105
9.3.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 105
9.3.2 FINANCIAL OVERVIEW 105
9.3.3 PRODUCTS OFFERED 106
9.3.4 MAIN BUSINESS/BUSINESS OVERVIEW 106
9.4 UVEX SPORTS 107
9.4.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 107
9.4.2 FINANCIAL OVERVIEW 107
9.4.3 PRODUCTS OFFERED 108
9.4.4 MAIN BUSINESS/BUSINESS OVERVIEW 108
9.5 TREK BICYCLE CORPORATION 109
9.5.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 109
9.5.2 FINANCIAL OVERVIEW 109
9.5.3 PRODUCTS OFFERED 109
9.5.4 MAIN BUSINESS/BUSINESS OVERVIEW 110
9.6 MET-HELMETS 111
9.6.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 111
9.6.2 FINANCIAL OVERVIEW 111
9.6.3 PRODUCTS OFFERED 111
9.6.4 MAIN BUSINESS/BUSINESS OVERVIEW 112
9.7 LIMAR SRL 113
9.7.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 113
9.7.2 FINANCIAL OVERVIEW 113
9.7.3 PRODUCTS OFFERED 113
9.7.4 MAIN BUSINESS/BUSINESS OVERVIEW 114
9.8 ORBEA 115
9.8.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 115
9.8.2 FINANCIAL OVERVIEW 115
9.8.3 PRODUCTS OFFERED 116
9.8.4 MAIN BUSINESS/BUSINESS OVERVIEW 116
9.9 SCOTT SPORTS SA. 117
9.9.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 117
9.9.2 FINANCIAL OVERVIEW 117
9.9.3 PRODUCTS OFFERED 117
9.9.4 MAIN BUSINESS/BUSINESS OVERVIEW 118
9.10 KASK S.P.A. 119
9.10.1 COMPANY BASIC INFORMATION, HEADQUARTERS, AND COMPETITORS 119
9.10.2 FINANCIAL OVERVIEW 119
9.10.3 PRODUCTS OFFERED 119
9.10.4 MAIN BUSINESS/BUSINESS OVERVIEW 120
10 CONCLUSION
10.1 KEY FINDINGS 121″

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