Bike Helmets Market Scope
Helmets are useful as safety gear to prevent injuries in an uncontrolled environment. A helmet can minimize injury to the head and brain. Bike helmets consist of a polystyrene form inner shell that absorbs the shock of an impact, and a protective plastic outer layer. There are several helmets that cover the chin and some do not. Some helmets provide additional conveniences such as ventilation, face shields, sun visors, ear protection, or intercom. The rise in road accidents drives various bike manufacturers to install different active and passive safety systems and thereby preventing road mishaps. An increase in the awareness of the safety this factory is driving to the market and Helmets restrict airflow that aggravates sweating and ultimately cause dandruff and hair fall this factor may restrain the market.
|Unit||Value (USD Million)|
|Key Companies Profiled||BELL HELMETS (United States), SHOEI CO. LTD. (Japan), HJC Helmets (United States), MT Helmets (Spain), ls2helmets.com (United States), Dainese S.p.A (Italy), Arai Helmet B.V. (Japan), Shark SAS (France), Steelbird Helmets (India) and Vega Helmet (United States)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality to cater to the ever-growing demand for a bike helmets. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Bike Helmets market throughout the predicted period.
BELL HELMETS (United States), SHOEI CO. LTD. (Japan), HJC Helmets (United States), MT Helmets (Spain), ls2helmets.com (United States), Dainese S.p.A (Italy), Arai Helmet B.V. (Japan), Shark SAS (France), Steelbird Helmets (India) and Vega Helmet (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are HengDa Racing Ltd. (china), Nolan helmets (Italy), AXXIS-HELMETS (Spain), SUOMY Motosport (Italy), Schuberth GmbH (Germany) and STUDDS Accessories Ltd (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Bike Helmets market by Type and Region with country level break-up.
On the basis of geography, the market of Bike Helmets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn December 2021, Helmet manufacturer Vega auto accessories and BASF collaborated on a project to showcase innovative materials solutions and design that enhances motorcyclists' style, safety, comfort, and functionality
In January 2023, Bell Helmets announced a partnership with the Steve McQueen Estate to launch a series of helmets and apparel paying homage to the original King of Cool – the first helmet in the series is a Custom 500 Six Day McQueen, a period-correct replica of the helmet McQueen wore while competing in the 1964 International Six Day Trial off-road race.
Influencing Trend:Increasing the development of smart helmets Manufacturing
Market Growth Drivers:Increase in the awareness of the safety
Challenges:Availability of Substitutes quality helmets in the Market
Restraints:Helmets restrict airflow that aggravates sweating and ultimately causes dandruff and hair fall
Opportunities:Increasing Government Regulations on the Use of Motorcycle Helmets
Key Target AudienceBike helmets Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and Others