The North America Motorcycle Helmet Market would witness market growth of 6.4% CAGR during the forecast period (2023-2030).
Many entrepreneurs have entered the market to offer cutting-edge solutions due to rising consumer preference for technologically advanced goods. Smart helmets have been introduced to the market because of technological improvements. Smart helmets include cutting-edge technology that makes it easier and more efficient for riders to ride by preventing traffic accidents. The smart helmet has several capabilities, such as Bluetooth and Wi-Fi, cameras, tracking systems, GPS connectivity, and voice assistance.
Smart helmets can connect to smartphones. Riders can use this to make, receive, or reject calls. Smart helmets may lessen head damage from car accidents. As a result, introducing a multipurpose smart helmet is expected to provide significant prospects for market expansion. For Cite released the MK1 smart motorcycle helmet in July 2019. It features a distinctive LED visual communication strip and extra functions such as a Bluetooth port unit, HD wide-angle camera, VoIP intercom (Voice over Internet Protocol), along with a handlebar-mounted control unit.
Canadian provinces and territories have varying helmet laws. Some provinces, like British Columbia and Ontario, have universal helmet laws pushing all riders and passengers to wear helmets. Others have partial helmet laws that mandate helmet use for specific groups, such as novice riders. According to Statistics Canada, comparing 2021 to the previous year, 9% more Canadians were commuting on registered motorcycles or mopeds. In 2021, a record number of mopeds and motorbikes were registered across Canada, with increases in all provinces. The most current year for which statistics are available shows that 242 Canadians died in motor vehicle accidents in 2020, an increase from 187 the previous year (+29%). In 2020, motorcycle riders accounted for 14% of all fatal crashes and serious injuries nationwide. Therefore, the region presents lucrative growth prospects for the market in the coming years.
The US market dominated the North America Motorcycle Helmet Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $315.2 Million by 2030. The Canada market is exhibiting a CAGR of 8.8% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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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