Bike Helmet Market Size Trends by Regions

Bike Helmet Market Size – Trends by Regions, Leading Players Analysis, Business Strategies Upcoming Opportunities

Market Insights

Head injury is the main cause of disability, death, and injury
from two-wheeled motor vehicles. The significant increase in the use of
two-wheeled motor vehicles, particularly in low- and middle-income countries,
is linked with a surge in the number of head injuries and traumatic injuries.

The global bike
helmet market size is expected to grow considerably over the forecast
period. The growth of the global market is owing to the implementation of
strict government regulations on the use of protective equipment during
cycling. In addition, product innovations with advanced safety features
combined with enhanced product appearance stimulate market growth. However, the
high prices of bike helmets are anticipated to hinder market growth over the
forecast period.

The growth of the world market is due to the presence of
strict laws that make the use of helmets mandatory. The growing trend of
cycling as a form of exercise to reduce overweight and improve fitness
contributes to the growth of the global bike helmet market. In addition,
bicycles are cheaper and greener than other vehicles, which in recent years has
increased the cyclists' number around the globe. In addition, the growing trend
of professional cycling and the increasing number of cycling accidents are
expected to influence the growth of the world market.

Major Players

Some of the leading key contributors in the global bike
helmet market include Specialized Bicycle Components, Uvex Sports, MET-Helmets,
SCOTT Sports SA., KASK S.p.a., Orbea, Trek Bicycle Corporation, Dorel Sports,
and SCOTT Sports SA.

Market Segmentation

The global bike helmet market is broadly diversified into
main segmented; type and application.

The type segment of the global bike helmet market is
bifurcated into sports helmets, road helmets, and MTB helmets. The largest
subsegment that held a noteworthy market share in 2018 was road helmets type.
Implementation of strict regulations related to road safety for daily commute
has uplifted the growth of the segment. Manufacturers creating safer and
lighter products is poised to propel the growth of the segment in the coming
period. Moreover, the sports helmet segment is likely to witness the highest
growth over the forecast period. Growing craze of adventure and sports
activities in developing nations is motivating the market growth.

On the basis of application, the global bike helmet market
is divided into sports & adventure and transportation. However, in terms of
market share, the daily transportation segment led the global bike helmet
market in 2018. Growing incidence of road mishaps has created awareness among
the riders about the importance of safety on the road, this drives the demand
for bike helmets that are majorly used while commuting.

Regional Analysis

Geographically, Europe dominated the global bike
helmet market analysis in 2018 and is predicted to sustain its
influence over the forecast period. Italy in Europe leads the regional market
and is likely to grow at a rate of 7.46% in the forecast period.

Following Europe, North America market ranks seconds with
significant market share for bike helmets. Safety standards for accident-free
driving is a key factor responsible for the growth of the market in this
region.

Further, Asia Pacific is expected to report maximum CAGR in
the forecast period owing to growing awareness about road safety and
under-developed transportation infrastructure. This is a major concern in Asia,
where two-wheeled motor vehicles are used as family cars for many passengers.

In nations with middle- and low- income, there is
requirement for strict standards for helmets, specifically for the regions with
cost constraints, local manufacturing capabilities, and that are suitable for
local climates.  For instance, in
Vietnam, a lightweight helmet that is compatible with tropical climates in
region, while, helmets for children in Malaysia were developed.

Recent Updates

Hovding

A Sweden based company that brought an inflatable bike
helmet has registered a multifold sale achieved in Denmark. Its helmet is
essentially a collar that inflates and shield the entire head of the rider. In
a quarter, the company sold around 17, 000 helmets.

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