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

By Product;

Full Face Helmet, Open Face Helmet and Half Helmet.

By Price Point;

Low Price (Less than US $50), Medium Price (US $50 – US $200) and High Price (More Than US $200).

By Application;

On-Road and Off-Road.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn481372175 Published Date: March, 2024 Updated Date: April, 2024

Introduction

Global Motorcycle Helmets Market (USD Million), 2020 - 2030

In the year 2023, the Global Motorcycle Helmets Market was valued at USD 9,594.96 million. The size of this market is expected to increase to USD 24,156.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 14.1%.

Research by the Centers for Disease Control and Prevention (CDC) underscores the critical role of helmets in motorcycle safety. According to the CDC, wearing a helmet can increase the likelihood of survival by over 37% and reduce the risk of head injuries by 69%. This growing awareness of the protective benefits of helmets, coupled with concerted efforts to enhance rider safety, is expected to bolster market growth for motorcycle helmets. As safety becomes an increasingly prominent concern among riders globally, there is a heightened demand for reliable and effective helmet solutions.The global motorcycle market experienced a decline in sales in 2020 due to the unprecedented challenges brought about by the COVID-19 pandemic. With governments worldwide implementing lockdown measures and social distancing guidelines to curb the spread of the virus, mobility restrictions and disruptions in production lines adversely impacted automotive sales, including motorcycles. In the Asia-Pacific region, motorcycle sales dropped to approximately 45.2 million units during the pandemic, reflecting the closure of renowned helmet brands such as Vicis and Schutt. Despite these setbacks, industry leaders remain optimistic about the post-pandemic period. They anticipate a surge in the popularity of electric motor scooters as a preferred mode of transportation over public transit, driven by increased comfort and safety considerations. This shift towards alternative transportation modes is expected to stimulate demand in the motorcycle helmet market.

The rising number of motorcycle-related fatalities underscores the urgency of addressing road safety concerns. Data from the National Highway Traffic Safety Administration (NHTSA) reveals that in 2019, 5,014 motorcyclists lost their lives in accidents, a slight decrease from 5,038 fatalities in 2018. However, the number increased to 5,579 motorcyclist deaths in 2020. This alarming trend has prompted governments worldwide to implement measures aimed at reducing road accidents and improving safety for motorcyclists. For instance, the Indian government has introduced legislation mandating the use of helmets in second and third-tier cities to enhance traffic safety and reduce fatalities. Such initiatives highlight the growing emphasis on road safety and the pivotal role of helmets in safeguarding motorcyclists.

  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 Price Point
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Motorcycle Helmets Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Emphasis on Road Safety
        2. Growing Motorcycle Ownership
        3. Innovation and Technological Advancements
        4. Increasing Motorcycle Sports and Recreational Riding
      2. Restraints
        1. Economic Fluctuations
        2. Limited Market Awareness and Education
        3. Regulatory Hurdles and Compliance Issues
        4. Price Sensitivity
      3. Opportunities
        1. Increasing Motorcycle Ownership
        2. Technological Advancements and Innovation
        3. Expansion in Aftermarket Segment
        4. Growing Awareness and Education Initiatives
    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 Helmets Market, By Product, 2020 - 2030 (USD Million)
      1. Full Face Helmet
      2. Open Face Helmet
      3. Half Helmet
    2. Global Motorcycle Helmets Market, By Price Point, 2020 - 2030 (USD Million)
      1. Low Price (Less than US $50)
      2. Medium Price (US $50 – US $200)
      3. High Price (More Than US $200)
    3. Global Motorcycle Helmets Market, By Application, 2020 - 2030 (USD Million)
      1. On-Road
      2. Off-Road
    4. Global Motorcycle Helmets 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. ARAI Helmets
      2. Bell Helmet
      3. Dainese S.p.A (AGV)
      4. HJC Helmets
      5. Manufacturas Tomas SA
      6. Nolan Helmets SpA
      7. Schuberth GmbH
      8. Shark Helmets
      9. Shoei Co. Ltd.
      10. Studds Accessories Ltd
  7. Analyst Views
  8. Future Outlook of the Market

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