Bike Helmet Market M

iCrowdNewswire   Jan 12, 2021  4:13 PM ET

World Bike Helmet Market is estimated to be valued at USD 1,118.7 Million by 2024 and is predicted to register a CAGR of 5.35% throughout the forecast interval. Bike helmets are private protecting gear for the prevention of head accidents. There are various kinds of helmets equivalent to street, sports activities, and MTB helmets, relying on the appliance.  

Europe was the biggest marketplace for bike helmets in 2018 and the regional market is predicted to keep up its dominance throughout the evaluate interval. In Europe, the market in Italy is projected to exhibit the best progress price of 7.46% throughout the forecast interval. North America held a big market share and was the second-largest marketplace for bike helmets in 2018. Nevertheless, the Asia-Pacific market is projected to register the best CAGR throughout the forecast interval. Rising security considerations relating to the rising situations of motorbike accidents is a key issue for market progress on this area.

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There are numerous security requirements in several nations for bike riders. Thus, the presence of security rules and legal guidelines regarding helmets is predicted to gas the expansion of the marketplace for bike helmets. Furthermore, the elevated variety of cycles on the street has led to a excessive accident price which has influenced the gross sales of motorbike helmets throughout the globe. Additionally, with the growing reputation {of professional} cycle racing, the gross sales of motorbike helmets are anticipated to rise throughout the forecast interval.

Segmental Evaluation

The worldwide bike helmet market has been segmented on the premise of sort, utility, and area.

By sort, the market has been divided into street helmets, sports activities helmets, and MTB helmets. The street helmets section accounted for the biggest market share in 2018. Stringent rules mandating using helmets in every day transportation in most nations have boosted the expansion of the section. Furthermore, rules for helmet producers to supply lighter and safer merchandise will drive the expansion of the section. Nevertheless, the sports activities helmets section is projected to register the best CAGR throughout the forecast interval. The rising development of sports activities actions, particularly in growing nations, is driving the expansion of the section.

Based mostly on utility, the worldwide bike helmet market has been categorized as every day transportation and sports activities/journey. The every day transportation section accounted for the bigger market share in 2018. The growing variety of accidents and authorities mandates for using bike helmets for on-road bikers is driving the expansion of this section. Nevertheless, the growing reputation of journey sports activities is predicted to propel the expansion of the sports activities/journey section within the coming years. Thus, the sports activities/journey section is projected to exhibit the upper CAGR throughout the forecast interval.

Key Findings of the Research

  • The worldwide bike helmet market is projected to achieve USD 1,118.eight million by 2024 at a 5.35% CAGR throughout the evaluate interval of 2019 to 2024.

  • Europe accounted for the biggest market share in 2018, with France being the key contributor to the expansion of the regional market.
  • The street helmets section is projected to dominate the worldwide bike helmet market, by sort, throughout the forecast.

Key Gamers

Market Analysis Future acknowledges Vista Out of doors Operations LLC (US), Specialised Bicycle Parts (US), Dorel Sports activities (Canada), Uvex Sports activities (Germany), Trek Bicycle Company (US), MET-Helmets (Italy), Limar Srl (Italy), Orbea (Spain), SCOTT Sports activities SA. (Switzerland), and KASK S.p.a. (Italy) because the key gamers within the international bike helmet market.

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Regional Evaluation

Geographically, the international bike helmet market has been segmented into North America, Europe, Asia-Pacific, South America, and the Center East & Africa. As per MRFR evaluation, Europe dominated the market, accounting for the biggest share, in 2018. Nevertheless, the market in Asia-Pacific is predicted to register the best CAGR of 5.95% throughout the evaluation interval. The North American market accounted for the second-largest market share in 2018. The market in North America is estimated to achieve USD 347.1 million by the tip of 2024, with the US being the main country-level market.

Contact Info:

Market Analysis Future
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Maharashtra, India
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Key phrases:    Bike, Helmet, Market Demand, Enterprise Progress, Prime Key Gamers Replace, Aggressive Situation and Growth Standing 2024