Global Motorcycle Connected Helmet Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Freestanding segment and Embedded segment.

By End User;

Rider and Passenger.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn151521365 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Motorcycle Connected Helmet Market (USD Million), 2020 - 2030

In the year 2023, the Global Motorcycle Connected Helmet Market was valued at USD 719.66 million. The size of this market is expected to increase to USD 970.86 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.

Increasing awareness about road safety is anticipated to boost the demand for motorcycle helmets. The growing number of motorcycle and sports bike enthusiasts, along with escalating concerns about road traffic injuries worldwide, is likely to fuel the adoption of helmets during the forecast period. Road traffic accidents pose significant challenges for public authorities, necessitating sustained efforts and effective prevention strategies. According to the United Nations Motorcycle Helmet Study, between 2008 and 2020, over 3.3 million people lost their lives in motorcycle accidents. Proper helmet use could have potentially saved around 1.4 million of these lives. Additionally, research by the Centers for Disease Control and Prevention (CDC) reveals that wearing a helmet can increase survival chances by over 37% and reduce the risk of head injuries by 69.0%. This growing awareness and emphasis on rider safety are expected to drive market growth.

Despite a decline in global motorcycle sales in 2020, with Asia-Pacific recording approximately 45.2 million units, which is lower than pre-pandemic levels, the future of motorcycle helmets remains promising. This decline led to the closure of renowned helmet brands like Vicis and Schutt. However, post-pandemic trends suggest that electric motor scooter services could gain popularity over public transportation due to enhanced comfort levels. This shift is likely to propel the motorcycle helmet market forward.

According to the National Highway Traffic Safety Administration (NHTSA) data, there were 5,014 motorcycle-related fatalities in 2019, a slight decrease from 5,038 in 2018. However, in 2020, this number increased to 5,579 deaths. With motorcyclists being nearly 29 times more likely to die per mile than passenger car occupants in 2019, governments worldwide are taking proactive measures to curb the rising number of road accident fatalities. For instance, the Indian government has implemented legislation mandating helmet use in second and third-tier cities to enhance traffic safety.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Motorcycle Connected Helmet Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enhanced Safety Features
        2. Rising Demand for Smart Wearables
        3. Increasing Focus on Rider Comfort and Convenience
        4. Growing Adoption of Advanced Technologies
      2. Restraints
        1. High Cost of Technology
        2. Concerns Regarding Data Privacy and Security
        3. Limited Awareness and Education
        4. Regulatory Hurdles
      3. Opportunities
        1. Rising Demand for Advanced Safety Features
        2. Growing Adoption of Smart Transportation Systems
        3. Innovative Product Development
        4. Expanding Market in Emerging Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Motorcycle Connected Helmet Market, By Product, 2020 - 2030 (USD Million)
      1. Freestanding segment
      2. Embedded segment
    2. Global Motorcycle Connected Helmet Market, By End User, 2020 - 2030 (USD Million)
      1. Rider
      2. Passenger
    3. Global Motorcycle Connected Helmet Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Dainese SpA
      2. HJC Europe S.A.R.L
      3. Shoei Co. Ltd
      4. Arai Helmet Ltd.
      5. Alpine Stars S.p.A
      6. Schuberth GmbH
      7. BELL HELMET
      8. FOX
      9. STUDDS Accessories Limited
      10. Royal Enfield
      11. Caberg S.p.a.
  7. Analyst Views
  8. Future Outlook of the Market

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