Motorcycle Helmet Market Can Touch Approximately USD 4,294.8 million, Developing at a Rate of 6.1% By 2030
Motorcycle Helmet Market size was valued at $2,444.5 million in 2020, and is projected to reach $4,294.8 million by 2030, registering a CAGR of 6.1% By 2030
DELAWARE, WILMINGTON, UNITED STATES, May 13, 2024 /EINPresswire.com/ -- A recent report from Allied Market Research titled "Global Motorcycle Helmet Market: Product Type, End User, and Distribution Channel Analysis (2021-2030)" reveals that the motorcycle helmet market was valued at $2,444.5 million in 2020 and is anticipated to grow to $4,294.8 million by 2030, with a projected compound annual growth rate (CAGR) of 6.1% from 2021 to 2030. Motorcycle helmets are essential safety gear worn by riders to protect their heads while riding.
The primary aim of a motorcycle helmet is to keep the rider's head safe during accidents and preventing head injuries. Helmets are available in a variety of styles and comfort levels to meet the needs of customers.
โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/A10677
Enforcement of stringent government road safety laws for riders and increase in awareness of head injuries are the crucial factors that drive the growth of the global motorcycle helmet market. All these motorcycle helmet market trends propel the market growth.
According to motorcycle helmet market analysis, the market is segmented into product type, end user, distribution channel, and region. By product type, the market is categorized into full-face, modular, open-face, half-helmets, off-road, dual-sports, and others.
The full-face segment was the highest revenue contributor in 2020, as full-face helmet provides complete protection to head and face against road accidents.
On the basis of end user, the global market is bifurcated into adults and kids. The adults segment dominated the market in 2020, as motorcycle riders are mostly adults, thus boosting the sale of motorcycle helmets.
Depending on distribution channel, the global market is fragmented into supermarkets & hypermarkets, specialty stores, e-commerce, and others. The specialty stores segment dominated the market with highest motorcycle helmet market share in 2020, due to benefits such as heavy discounts and immediate gratification for consumers.
Region wise, the motorcycle helmet market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific led the market in 2020, and is expected to dominate the market during the motorcycle helmet market forecast.
โก๏ธ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A10677
The global motorcycle helmet market expansion in this region is aided by population increase and rise in disposable income.
The outbreak of COVID-19 pandemic had a negative impact on the motorcycle helmet market growth. The demand for motorcycle helmets dropped, as a result of the pandemic, and travel restrictions severely damaged the motorcycle helmet market's distribution channel, globally.
The lockdown has hampered the workforce and resource availability, affecting the motorcycle helmet industry's scale of production. Furthermore, the supply channel system for motorcycle helmet disrupted as a result of transportation constraints, thus hampering the growth of the overall market.
On the contrary, the active stakeholders in the motorcycle helmet sector are employing a number of marketing strategies such as celebrity endorsements, event planning, and social media marketing to promote the product use among customers. Furthermore, top industry players of motorcycle helmet are extensively investing in digital platforms to sell their products, resulting in market expansion.
As a result, the market is expected to benefit from innovative marketing methods and rising demand for motorcycle helmets.
The motorcycle helmet safety authorities are working to update safety requirements for helmet manufacturers so that they are obligated to deliver the safest helmets to their customers and prevent head injuries.
Consumers are shifting their preference to motorcycle helmets as cruising activities such as travelling by motorcycle to tourist attractions and adventure trips are becoming more popular. As a result, motorcycle helmet demand is likely to rise in the near future.
The high cost of motorcycle helmets, on the other hand, is likely to hinder the market growth during the forecast period. Lack of understanding of how to ride & road safety and the importance of wearing a helmet act as the key market constraints.
Furthermore, small consumer base, relatively high price, and the purchasing power of people affected by the global economic recession restrain the global market growth. Conversely, governments of developing and developed countries are implementing road safety programs and campaigns to create awareness among the people about wearing helmet, which is anticipated to offer remunerative motorcycle helmet market opportunities for the expansion of the global market.
โก๏ธ๐๐ฎ๐ฒ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ๐๐ ๐๐ซ๐ข๐๐ @ https://www.alliedmarketresearch.com/checkout-final/e18aa048b5b38f818bda8ab432307342
๐๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ฉ๐๐ซ๐๐ญ๐ข๐ง๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ซ๐
โข Arai Helmets,
โข HJC Helmets,
โข Manufacturas Tomas SA,
โข Nolan Helmets SPA,
โขSchuberth GMBH,
โข Shark Helmets,
โข Shoei Co. Ltd,
โข Studds Accessories Ltd,
โข Bell Helmet, and
โข Dainese S.P.A.
All these players have adopted innovative marketing strategies to expand their market reach globally.
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ
โข The global motorcycle helmet market was valued at $2,444.5 million in 2020, and is projected to reach $4,294.8 million by 2030, registering a CAGR of 6.1% from 2021 to 2030.
โข By product type, the full-face segment was the highest contributor to the market, with $562.8 million in 2020, and is estimated to reach $994.6 million by 2030, at a CAGR of 6.1% during the forecast period.
โข By end user, the adults segment was the highest contributor to the market, with $1,741.0 million in 2020, and is estimated to reach $3,005.3 million by 2030, at a CAGR of 5.9% during the forecast period.
โข By distribution channel, the specialty stores segment was the highest contributor to the market, with $867.7 million in 2020, and is estimated to reach $1,511.9 million by 2030, at a CAGR of 6.0% during the forecast period.
โข By region, Asia-Pacific was the highest revenue contributor, accounting for $858.5 million in 2020, and is estimated to reach $1,474.8 million by 2030, with a CAGR of 5.8%.
๐๐จ๐ญ๐จ๐ซ๐๐ฒ๐๐ฅ๐ ๐๐๐ฅ๐ฆ๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
By Product Type
โข Full-face
โข Modular
โข Open-face
โข Half-helmets
โข Off-road
โข Dual-sports
โข Others
By End User
โข Adults
โข Kids
By Distribution Channel
โข Supermarkets & Hypermarkets
โข Specialty Stores
โข E-commerce
โข Others
By Region
โข North America (U.S., Canada, Mexico)
โข Europe (Germany, France, Italy, Spain, UK, Rest of Europe)
โข Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
โข LAMEA (Latin America, Middle East, Africa)
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ ๐จ๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐ฉ๐๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ฆ๐๐ง๐ญ: https://www.alliedmarketresearch.com/request-for-customization/A10677
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐ฐ
โข According to the insights of CXOs of leading companies, motorcycle helmets are becoming increasingly popular among riders due to their increased security, safety, and comfort. Government-imposed road safety laws and increased awareness of personal safety are projected to fuel the demand for motorcycle helmet.
โข Surge in demand for safety motorcycle helmet accessories, increase in sales of motorcycles, and stringent road safety regulations are factors that are driving the growth of motorcycle helmet market. The factors such as expansion of online sales channel and introduction of multi-functional smart helmets are creating growth opportunities for the development of the motorcycle helmet market.
โข However, high cost of motorcycle helmets and lack of consumer awareness regarding road safety hinder the growth of market. Conversely, rise in government initiatives for creating awareness about road accidents and head injuries is expected to offer lucrative opportunities for the growth of the motorcycle helmet market during the forecast period.
โข The CXOs further added that Asia-Pacific is the largest market for motorcycle helmets, owing to rise in disposable income and increase in urbanization.
โก๏ธ๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:-
โข Cycling Helmet Market
https://www.alliedmarketresearch.com/cycling-helmet-market-A06446
โข Smart Motorcycle Helmet
https://www.alliedmarketresearch.com/smart-motorcycle-helmet-market
โข Motorcycle Footware Market
https://www.alliedmarketresearch.com/motorcycle-footwear-market-A06494
โข Off Road Motorcycle Helmet market
https://www.alliedmarketresearch.com/off-road-motorcycle-helmet-market-A06504
โข Helmet Cameras Market
https://www.alliedmarketresearch.com/helmet-cameras-market-A06503
โข Security Helmets Market
https://www.alliedmarketresearch.com/security-helmets-market-A14608
David Correa
Allied Market Research
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