According to a new report, published by KBV research, The Global Motorcycle Helmet Market size is expected to reach $3.6 billion by 2030, rising at a market growth of 7.0% CAGR during the forecast period.
The Passenger region is showcasing a CAGR of 8.5% during (2023 - 2030). The Traffic Police have made it essential for passengers (or pillion riders) to wear helmets alongside the riders to maximize safety for two-wheeler riders. For instance, India's leading cities now require pillion riders to wear helmets, which will help the category develop during the forecast period. Wearing a helmet can provide psychological comfort to pillion riders, reducing anxiety about potential accidents and enhancing their peace of mind while riding.
The Full Face segment is leading the Global Motorcycle Helmet Market by Product in 2022 thereby, achieving a market value of $2 Billion by 2030. Modern materials like fiberglass-reinforced plastic and carbon fiber are used by manufacturers to develop full-face helmet products that are lighter and safer. Manufacturers also include innovative communication systems, like Bluetooth, in helmets, which is expected to create new business opportunities throughout the forecast period. Full-face helmets provide comprehensive protection for the head, face, and chin. They are designed to cover the entire head, reducing the risk of injury to the face and jaw in case of an accident. This design minimizes the exposure of vulnerable areas during a crash.
The Online segment has shown the high growth rate of 9.6% during (2023 - 2030). Online merchants, including Amazon and HELMEXPRESS.COM, are concentrating on this product category to exploit the increasing demand. Additionally, e-commerce websites, social media, and Google Ads significantly affect consumer preference. It is anticipated that the availability of smartphones and high-speed internet in developing nations will encourage the use of online marketplaces for buying motorcycle helmets. Numerous businesses are developing exclusive websites where customers purchase authentic goods from the manufacturer.
The Asia Pacific region dominated the Global Motorcycle Helmet Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2 Billion by 2030. The LAMEA market is poised to grow at a CAGR of 7.3% during (2023 - 2030). Additionally, The Europe market would display a CAGR of 6.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/motorcycle-helmet-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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By Product
By Distribution Channel
By Geography
Companies Profiled
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