The global Cycling Helmet market worth USD 7.3 billion in 2019, and is further projected to reach USD 15.0 billion by 2026, growing at a CAGR of 11.8% during 2020-2026 (forecast period). A bicycle helmet is designed to attenuate impacts to the head of a cyclist in falls while minimizing side effects such as interference with peripheral vision. The rise of awareness about a helmet for safety purposes in undeveloped countries (majorly) is a key driver for cycling helmet manufacturers. The cycling helmet companies are offering helmets with different models, designs, & features, and advanced technologies to attract the customer. This creates new opportunities in the cycling helmet market.
Increasing sales of cycling helmet around the world
Bicycle makers have noticed an expansion in the offer of top of the brands. Arising Asian economies, for example, India and China, which are the biggest for Cycling’s, recorded a flood in the offer of premium Cycling. For instance, manufactures of bicycle helmets are focusing to offer parametric helmet design which was inspired by 3D Voronoi structures widely seen in nature, such as the structure of turtle shells and animal bone. As such, the design looks to reduce the amount of material needed to create a safe bicycle helmet. The innovative design also aims to give the rider an effective balance between safety, comfort, and fashion whilst with its breathable and aerodynamic design.
Cycling helmets with unique design could be the biggest opportunity for the market
The cycling helmet companies are offering helmets with different models, designs, & features, and advanced technologies to attract the customer. This creates new opportunities in the cycling helmet market. The combination of parametric design and bionics achieve an effective external stabilization system when the helmet is hit by an external force. The government rules and regulations for wearing helmets is also the driving factor for the global cycling helmet market. A cycle helmet is generally light in weight and provides ample ventilation because cycling can be an intense aerobic activity that significantly raises body temperature, and the head needs to be able to regulate its temperature.
MTB Helmet type occupy the largest share of the Cycling Helmet market
The popularity of the MTB helmet segment in the Cycling Helmet market is growing significantly due to the benefits associated with it. Growth in the two-wheelers helmet market is supported mainly by an increase in the sales of two-wheelers. There is also a very large replacement market for helmets across the globe as the consumer changes his or her helmet after 3 to 5 years of use. However, expensive helmets are replaced after 6 to 7 years of usage. This period is high for helmets because of ample spare availability such as removable inner linings, visors, etc. Helmets are useful as safety gear to prevent or minimize injuries to the head and brain in an uncontrolled environment during riding a Cycling.
Global Cycling Helmet Market: Regional insights
North America is likely to lead the helmet market and will have a significant contribution in terms of revenue due to the high adoption of helmet products in this region. The growing participation of motorcyclists in off-road activities and high adoption of helmets by firefighters as well as several product launches by the vendors in this region will have a significant contribution towards the market. North America is a prominent region in the cycling helmet market. This is due to stringent rules and regulations for wearing a helmet for Cycling and cyclists. There are around 22 state laws for bicycle helmets and 201 local laws in the region.
Global Cycling Helmet Product Market: Competitive Landscape
The leading players in the global Cycling helmet product market include, smith optics Inc, MET, Trek bicycle corporation, Specialized Bicycle Components, Inc., Vista outdoor, Oakley, POC sports, August Bremicker und Söhne KG, LimarSrl, SCOTT Sports, Canyon Bicycles GmbH, POC Sweden AB, KASK s.p.a, Uvex Sports, Dorel Sports, Orbea, Giant Manufacturing Co. Ltd, and others, are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global Cycling Helmet market size & forecast. The report promises to provide recent technology trends in the Cycling Helmet market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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