The Motorcycle 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 Motorcycle Helmet Global Market Report 2024, The motorcycle helmet market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased motorcycle ownership, increased concerns for rider safety, motorsports and racing events, globalization of motorcycle brands, government initiatives for rider safety.
The motorcycle helmet market size is expected to see strong growth in the next few years. It will grow to $3.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing adoption of electric motorcycles, focus on lightweight and comfortable designs, global popularity of adventure riding, stringent safety standards and regulations, consumer education programs. Major trends in the forecast period include strategic collaborations, integration of advanced materials, innovations in helmet design, smart helmet technologies, customization and personalization.
The rise in demand for two-wheeled vehicles is expected to boost the growth of the motorcycle helmet market going forward. Two-wheeler vehicles refer to motorized automotive vehicles such as scooters, motorcycles, and mopeds that have only two wheels with the motor and engine connected to each wheel. Motorcycle helmets Wearing a motorcycle helmet lowers the chance of dying or suffering a significant brain injury because it absorbs more impact energy during falls and collisions than the rider’s head and brain would. For instance, in February 2023, according to MotorCycles Data, a UK-based sales data reporting company for motorcycle brands, the sales of Honda Motor Co. Ltd., a Japan-based automobile, motorcycle, and two-wheeler manufacturing company, reached 17.6 million, an increase of 4.9% from the previous year with a 29.4% market share worldwide. Additionally, according to the National Safety Council, a US-based nonprofit public service organization, between 2020 and 2021, there was an 8% increase in motorcycle-related fatalities. Therefore, the rise in demand for two-wheeled vehicles is driving the growth of the motorcycle helmet market.
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The motorcycle helmet market covered in this report is segmented –
1) By Product Type: Full-Face, Modular, Open-Face, Half-Helmets, Off-Road, Dual-Sports, Other Product Types
2) By Distribution Channel: Offline, Online
3) By End-User: Rider, Passenger
Product innovations are a key trend gaining popularity in the motorcycle helmet market. Major companies operating in the motorcycle helmet market are involved in developing new products as well as adding new features to their products to sustain their position in the market. For instance, in May 2023, Caberg S.p.A., an Italy-based motorcycle helmet manufacturing company, launched the Caberg Riviera V4 X, the latest jet-style motorcycle helmet model with ECE 22.06 certification. The latest and highest standard for motorcycle safety equipment, ECE 22.06 certification, is included with the Caberg Riviera V4 X. The Caberg Pro Speak Evo intercom system installation is also compatible with the certification. The visor itself and other aspects of the helmet are designed to lessen the effect of air resistance at faster speeds.
The motorcycle helmet market report table of contents includes:
1. Executive Summary
2. Motorcycle Helmet Market Characteristics
3. Motorcycle Helmet Market Trends And Strategies
4. Motorcycle Helmet Market – Macro Economic Scenario
….
32. Global Motorcycle Helmet Market Competitive Benchmarking
33. Global Motorcycle Helmet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Motorcycle Helmet Market
35. Motorcycle Helmet Market Future Outlook and Potential Analysis
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