Market Overview
The increased reference for outdoor-based active lifestyles is estimated to promote the demand for the cycling helmet market. The market’s report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is anticipated to show a 5.35% CAGR by 2024.
The development of infrastructure for bicyclists in several regions is estimated to reinforce the cycling helmet market progress in the forecast period. The increased emphasis on ensuring safety standards for bicyclists is foreseen to spur the cycling helmet market in the approaching period.
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Key Players
The outstanding companies in the cycling helmet market are Vista Outdoor Operations LLC (US), Orbea (Spain), Giant Manufacturing Co., Ltd (China), Specialized Bicycle Components (US), Dorel Sports (Canada), Polisport Plásticos SA (Portugal), Uvex Sports (Germany), Urge Bike Products (France), Trek Bicycle Corporation (US), Limar Srl (Italy), MET-Helmets (Italy), SCOTT Sports SA. (Switzerland), KASK S.p.a. (Italy), Merida & Centurion Germany GmbH (Germany), Amer Sports (Finland), POC Sweden AB (Sweden), and LAS helmets (Italy)
Market Segment
The segmental study of the cycling helmet market is conducted on the basis of type, application and region. The application segment of the cycling helmet market consists of sports/adventure and daily transportation. The region segment of the cycling helmet market consists of Europe, Middle East, Asia Pacific, South America, Africa, and North America. The type segment of the cycling helmet market consists of sports helmets, road helmets, and MTB helmets.
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Regional Analysis
The regional study of the cycling helmet market consists of Europe, Middle East, Asia Pacific, South America, Africa, and North America. The European cycling helmet market was the major market for cycling helmets in 2018, and the regional market is projected to uphold its authority during the forecast period. In the region of Europe, the cycling helmet market in Italy is projected to show the uppermost growth rate of 7.46% all through the forecast period. The North American cycling helmet market held a noteworthy market portion and was the second principal market for cycling helmets in 2018. The Asia Pacific cycling helmet market is projected to list the highest CAGR throughout the forecast period. The growing safety concerns concerning the rising instances of road accidents are an important factor in this region’s cycling helmet market growth.
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