The global motorcycle helmet market size is expected to reach USD 5.10 billion by
2025, according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 6.9% over the forecast period. Rising road safety awareness
to prevent road traffic accidents is anticipated to drive the growth. In
addition, stern policies and regarding adoption of helmets for riders as well
as pillions is anticipated to further fuel the product demand.
In terms of product, full face helmets is
expected register the fastest CAGR of 7.0% from 2019 to 2025. Major
manufacturers including Dainese SpA, HJC Europe S.A.R.L, Shoei Co. Ltd, Arai
Helmet Ltd, Schuberth GmbH, FOX, and Caberg S.p.a. are introducing new products
to attract more customers. For instance, in February 2019, Shoei Co. Ltd, a
Japan based leading helmet manufacturer, announced to commercially launch a
Head-up Display (HUD) equipped motorbike helmet by 2020. This HUD will help
riders with navigation by displaying distance, directions, lanes, traffic, and
weather in the HUD, keeping in mind that more information in HUD will distract
the rider from driving.
Asia Pacific is expected to expand at the
fastest CAGR of 7.2% from 2019 to 2025 owing to the presence of a large number
of two-wheeler owners in China, India, Indonesia, and Malaysia. Furthermore,
over the past few years, major players are adopting marketing strategies such
as innovative product launches, exclusive stores, celebrity endorsement, and
focus on e-commerce to cater to the rising demand for technological advanced
products. For instance, in January 2019, Steelbird Helmets launched SBA-1 HF
helmet that comes with in-built hands-free Bluetooth connectivity which allows
riders to listen to music and answer incoming calls.
Key players operating in the motorcycle
helmets market include Dainese SpA, HJC Europe S.A.R.L, Shoei Co. Ltd, Arai
Helmet Ltd, Alpinestars S.p.A, STUDDS Accessories Limited, Schuberth GmbH, BELL
HELMET, FOX, Royal Enfield, and Caberg S.p.a. Product innovation is expected to
remain a critical success factor over the next few years.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/motorcycle-helmet-market
https://www.grandviewresearch.com/industry-analysis/motorcycle-helmet-market
Further key findings from the report suggest:
· North America generated a revenue of more
than USD 500 million in 2018
· Full face helmets is expected to exceed 70%
of the global revenue share of the motorcycle helmets market by the end of 2025
· Online distribution channel segment is
expected to witness the fastest CAGR of 7.4% from 2019 to 2025
Grand View Research has segmented the
global motorcycle helmets market on the basis of product, distribution channel,
and region:
Product Outlook (Revenue, USD Million; 2015
- 2025)
·
Full Face
·
Half Face
·
Open Face
Distribution Channel Outlook (Revenue, USD
Million; 2015 - 2025)
·
Offline
·
Online
Regional Outlook (Revenue, USD Million;
2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
