The Bicycle Helmet Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bicycle Helmet Global Market Report 2024, The bicycle helmet market size has grown strongly in recent years. It will grow from $0.79 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth in the historic period can be attributed to growing focus on health and fitness, extensive media coverage highlighting cycling safety, e-commerce growth, rising disposable income, preference for cycling over congested roads.
The bicycle helmet market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing awareness of safety, stringent regulations mandating helmet use, rising number of cyclists, expansion of urban areas, longevity and durability of modern helmets. Major trends in the forecast period include innovation in helmet materials and design, helmets incorporating communication and navigation features, demand for personalized helmet designs, cycling infrastructure development, partnerships with bicycle manufacturers.
The rising popularity of cycling is expected to propel the growth of the bicycle helmet market going forward. Cycling is the activity or sport of riding a bicycle for transportation, recreation, exercise, or competition. Cycling is increasing due to its health benefits, environmental friendliness, and growing infrastructure supporting bike travel. Bicycle helmets are required for cycling to protect riders from head injuries in the event of accidents or falls. For instance, in August 2023, according to the report published by the Department for Transport, a UK-based ministerial department, as with the previous year, people aged 40 to 49 indicated high cycle ownership at 50%, closely followed by those aged 50 to 59 at 45%, aligning with the modal age for cycling activity in England. There was an increase in pedal cycle ownership during the pandemic, with 47% of respondents owning or having access to a pedal cycle in both 2020 and 2021, bringing levels back in line with pre-pandemic trends. Therefore, the rising popularity of cycling is driving the growth of the bicycle helmet market.
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The bicycle helmet market covered in this report is segmented –
1) By Type: Road Helmets, Sports Helmets, Mountain Bike Helmets
2) By Distribution Channel: Hypermarket And Supermarket, Sports Store, Online Channel, Other Distribution Channels
3) By Application: Sports Or Adventure, Daily Transportation
Major companies operating in the bicycle helmet market are developing innovative products, such as cable lock helmets, to enhance rider safety and convenience, promoting increased usage among cyclists. Cable lock helmets refer to helmets that incorporate a built-in cable lock mechanism, allowing cyclists to secure their helmets to their bikes when not in use, thereby preventing theft. For instance, in September 2023, Headlokt, an Australia-based bicycle helmet manufacturing company, launched a helmet that also functions as a bike lock. The bicycle helmet features an integrated, retractable stainless-steel combination lock that is both compact and flexible, designed to secure bikes, scooters, or skateboards. It complies with numerous international bicycle helmet safety standards and is approved for sale in Australia, New Zealand, the United States, and the European Union. Additionally, the helmet includes a discreet compartment for securing a Bluetooth tracker.
The bicycle helmet market report table of contents includes:
1. Executive Summary
2. Bicycle Helmet Market Characteristics
3. Bicycle Helmet Market Trends And Strategies
4. Bicycle Helmet Market – Macro Economic Scenario
5. Global Bicycle Helmet Market Size and Growth
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32. Global Bicycle Helmet Market Competitive Benchmarking
33. Global Bicycle Helmet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Bicycle Helmet Market
35. Bicycle Helmet Market Future Outlook and Potential Analysis
36. Appendix
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