Motorcycle Helmets Market Overview:
The primary goal of a motorcycle helmet is safety and protect the rider’s head during impact, preventing or reducing head injury and saving the rider’s life. Some helmets provide additional conveniences, such as ventilation, face shields, ear protection, intercom etc. Biker helmets greatly reduce injuries and fatalities in motorcycle accidents, thus many countries have strict laws requiring helmets to be worn by motorcycle riders. These laws vary considerably, often exempting mopeds and other small-displacement bikes. In some countries like USA and India there is a law of compulsory helmet use.
Motorcycle Helmets Market Size:
Motorcycle Helmets Market was valued at USD 2330 million in 2016 and is declining at a rate of 2.19% to reach USD 2270 million by 2021.
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Motorcycle Helmets Market Drivers and Restraints:
Global motorcycle helmet market is projected to witness moderate growth by 2023. With increasing preference for touring and recreational activities, demand for premium motorcycles is also growing across the world, which in turn, is expected to fuel the connected motorcycle helmet market in the coming years. Some of the other key factors that would push the market include launch of new helmet models with better features and connectivity, increasing rider inclination towards safety owing to rising number of motorcycle accidents, and surging demand for more technology driven products from riding enthusiasts. New product launches and continuous technological innovations are the key strategies adopted by the major players. However, they are not cost efficient, which affects the market and can be overcome by the tremendous research and development.
Motorcycle Helmets Market Geographical Segmentation:
Geographically, Asia Pacific is the dominant market with a rapid growth in 2018 due to the launch of new automobile manufacturing unit, and a strict government norm, and is expected to continue in future forecast period. North America is the second largest market for the growth due to the increase in luxuries and premium motorcycles. Europe and South America witness a major growth in the forecast period by implementing a mandate of wearing helmets.
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Key Players of Motorcycle Helmets Market:
Some of the key players of motorcycle helmets market are AFX Helmets Vega Helmets, Zox Helmets, Arai Helmet, Inc., OGK KABUTO, Speed and Strength, Vista Outdoor, HJC Corp., LeMans Corporation, GMAX Helmets, Shoei Co., Ltd, Stealth Motorcycles, Biltwell Inc., Cyber Helmets, Nolan Helmets, Shark Helmets, JUST1 Racing, Scorpion Sports, EVS Sports, Fly Racing and so on
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