Cycling Helmet Market Competitive Landscape: Major Players, Competitor Market Shares, And Player Strategies - By The Custom Market Insights
The Global Bike Helmet Market was estimated at USD 700 million in 2021 and is anticipated to reach around USD 1400 million by 2030, growing at a CAGR of roughly 3% between 2022 and 2030.
Our research report offers a 360-degree view of the Bike Helmet market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Bike Helmet market.
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Bike Helmet Market: Overview
For a very long time, people have enjoyed biking all throughout the world. However, biking does not mean decreased safety. Biking helmets are safety gear that cyclists use to keep themselves safe in the case of an accident. A bicycle helmet also limits the rider’s ability to drive while being distracted by their peripheral vision. Bike helmets are portable pieces of safety gear that improve bicycle riding.
Professional racers all over the world use cutting-edge helmets to add an extra layer of safety. The motorcyclists’ performance is improved, and they are free from concern over a possible fall. Bike raises body temperature because it is a demanding exercise. The helmet not only offers the rider stable coordination but also appropriate ventilation and space for controlling body temperature.
Growth Factors
The National Highway Traffic Safety Administration (NHTSA) estimated that in 2019, more than 846 individuals died while biking. These statistics are the result of a number of factors, including bad bike infrastructure, reckless driving, risky helmet choices, and poor helmet choices. Governments all across the world have consequently started to impose helmet usage laws in accident-prone areas, driving up the price of helmets. Regional and age-specific bicycle helmet regulations differ greatly. As a result, the market for bicycle helmets is flourishing. Therefore, as governments enact stricter rules, the market for bicycle helmets is anticipated to rise.
The bicycle market has expanded favorably as a result of the growing trend in bicycle tourism. Bicycling tourism brought in USD 83 million in 2019, according to a survey by the Outdoor Industry Association (OIA), showing that people are beginning to use bicycles for recreational and health maintenance purposes. For individuals whose emphasis is fitness, it is increasing their opportunities. Bicycles are one of the best cardiovascular exercises for people since they facilitate whole-body muscular action, which increases the demand for bicycles. Sales of helmets have increased as a piece of safety gear for inexperienced riders, which has enhanced the global bike helmet market.
Regional Overview
Due to its expanding absolute demand, the Europe region held the largest share of this market. The expanding market for bike helmets worldwide has been fueled by the region’s major manufacturers in the bike helmet industry and the region’s burgeoning adventure sports market. According to Eurostat estimates for the year 2020, Germany has more than 73.5 million bicycles. This suggests that bicycle ownership is almost 8 in 10 homes.
Competitive Landscape
The existence of numerous businesses engaged in the production of bike helmets has led to a moderate degree of market fragmentation in the overall bike helmet industry.
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Our market analysis includes a section specifically devoted to key players operating in the bike helmet market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
Some of the prominent players
The global Bike Helmet market is segmented as follows:
By Type
By Application
By Distribution Channel
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1 年nice that ore people are cycling safely these days then!