The Asia Pacific Motorcycle Helmet Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
In order to expand the use of safe, high-quality helmets and save lives, leaders must implement the laws, regulations, and policies outlined in the Helmets Manual. A uniform helmet law, criteria for helmet quality, enforcement, and education are all part of the manual's recommendations for creating a complete strategy to promote helmet use. It offers advice on gathering and analyzing data, assessing laws, rules, and regulations, developing a theory of change, and tracking and evaluating progress. The Helmets Manual was introduced during the Regional Meeting for Asia of the Bloomberg Philanthropies Initiative for Global Road Safety in Mumbai, India. A complete set of actions that have been shown to save lives are implemented with the aid of the Initiative for Global Road Safety. The adoption of such manuals by the regional governments’ further aids in the increasing demand for motorcycle helmets.
Many helmet manufacturers offer customization options, allowing riders to choose helmet designs, colors, and graphics that match their preferences and styles. Customization options appeal to consumers seeking individuality. Economic factors, such as rising disposable income levels in some regions, contribute to increased spending on motorcycle gear, including helmets. The expansion of e-commerce platforms has made it easier for consumers to research, compare, and purchase motorcycle helmets online. Online sales channels have expanded access to a broader range of helmet options.
Australia has strict helmet safety regulations. Helmets sold in Australia must meet the Australian and New Zealand Standard AS/NZS 1698. This standard specifies safety requirements for helmets used in Australia and New Zealand. Japan has helmet safety standards, and helmets sold in the country must meet the Japanese Industrial Standards (JIS) requirements. The JIS mark indicates that a helmet complies with Japanese safety standards. Thailand enforces helmet regulations, and helmets must meet Thai Industrial Standards (TIS 369-2548) to ensure safety compliance. Motorcycle riders and passengers are required to wear helmets that meet these standards.
The affordability of helmets in the region has also contributed to market growth. Motorcycle helmets are available in a wide range of price points, making them accessible to riders with varying budgets. Additionally, the presence of both domestic and international helmet brands offers consumers a variety of choices. E-commerce and online retailing have expanded in Asia-Pacific, making it easier for riders to research, compare, and purchase helmets online. These factors have contributed to the accessibility of helmets and the market's growth.
The China market dominated the Asia Pacific Motorcycle Helmet Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $460.1 Million by 2030. The Japan market is registering a CAGR of 6.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.8% during (2023 - 2030).
Based on End-user, the market is segmented into Rider and Passenger. Based on Product, the market is segmented into Full Face, Open Face, Off-road/Racing and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Motorcycle Helmet Market is Predict to reach $3.6 Billion by 2030, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dainese S.p.A, HJC Helmets, SHOEI Co., Ltd., Alpinestars, Schuberth GmbH, STUDDS Accessories Limited, Caberg S.p.a., Fox Racing, Inc. (Vista Outdoor, Inc.), Manufacturas Tomas helmets (MT Helmets), and Shark SAS.
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