The global bike helmet market is expected to witness stupendous growth in the years to come. Helmets are safety gear to prevent or minimize brain and skull injuries, especially while riding in an uncontrolled environment. The market is catalyzed by extensive usage of bikes across the globe with growing need to maintain ecological balance.
Bike-related accidents are rising by leaps and bounds and this is the primary factor driving the market. As per the US Consumer Product Safety Commission, around 900 deaths were reported due to these incidences. Of these, 60% cases involved head injury.
The bike helmet market is segmented as per type, application, and geography. By type, the market can be categorized into MTB, road, and sport helmet. Key applications include sport game and commuter and recreation. By geography, the market comprises MEA (South Africa, Nigeria, Egypt, UAE, and Saudi Arabia), Latin America (Columbia, Argentina, and Brazil), Asia Pacific (India, Korea, Japan, China, and Southeast Asia), Europe (Russia, U.K., France, Italy, and Germany), and North America (Canada, Mexico, and U.S.).
North America has been at the forefront thanks to rise in awareness among riders regarding safety. While Europe comes in second, Asia Pacific has shown immense scope for growth. The level of awareness pertaining to head safety is relatively low in some countries of Asia Pacific, backed by lenient road safety regulations. However, this trend is likely to change in the coming years, considering the benefits they provide. India, in particular, is slated to emerge as a potential market.
Players contributing to the bike helmet market include Vista Outdoor, Giant, POC, Limar, Dorel, Trek Bicycle, Uvex, Locatelli, Merida, ABUS, SCOTT Sports, Rudy Project, and KASK. Companies have been emphasizing on organic growth to sustain the competition. For instance, Trek’s Bontrager Specter WaveCel Road bike helmet is as a breathable, lightweight product for all forms of riding. The product is designed using WaveCel technology and this collapsible cellular structure enables proper circulation of air, making it one of the most sought after head protective gear in U.S.
• North America
• Asia Pacific
• Middle East & Africa
• South America
• ABUS Group
• Giant Manufacturing Co. Ltd.
• KASK s.p.a
• Mavic S.A.S.
• Merida Industry Co., Ltd.
• MET spa
• OGK Kabuto Co., Ltd.
• SCOTT Sports SA
• Specialized Bicycle Components, Inc.
• Trek Bicycle Corporation
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Key Questions Answered in This Report
• Analysis of the bike helmet market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on bike helmet vendors including products, sales/revenues, SWOT, and market position, recent developments.
• Market structure, market drivers and restraints.
Research Support Specialist, USA