The ‘Global Cycling Helmet Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cycling helmet market, assessing the market on the basis of its segments like type, application, demographics, sales channel, and major regions.
Cycling Helmet Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.80%
The global cycling helmet market is expected to register growth during the forecast period on account of the strict road safety rules and regulations implemented by governments worldwide. With an increasing number of road accidents and growing population across the globe, the market demand for cycling helmets is likely to propel over the coming years. New cycling helmets are lightweight with streamlined aerodynamics and provide improved ventilation with the latest technology which is further expected to enhance the market demand for cycling helmets among consumers.
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The increasing popularity of cycling as an activity along with the surging adoption of cycling as a sport or for recreational purposes is expected to benefit the cycling helmet market across the globe. Cycling helmets provide various benefits apart from head protection such as giving protection from bad weather, better visibility and accommodation of communication devices. This is further expected to fuel the market growth of cycling helmets over the upcoming years.
The growing research and development activities among cycling helmet manufacturers is further likely to enhance the market growth of cycling helmet. Research has proved that helmets aid in protecting against rotational force experienced during a crash, reducing the risk of head injury. Moreover, technologies like SPIN, MIPS, and WaveCel aid in minimising rotational force at the time of a crash and are likely to push forward the cycling helmet market growth.
Cycling Helmet Industry Definition and Major Segments
A cycling helmet is a specific type of helmet that is worn on the head while cycling to protect against injury and impact in case of an accident. Cycling helmets rest securely on the head and typically secure with a buckle and strap below the chin. Designed to be sturdy and lightweight, cycling helmets protect the skull without adding too much weight that could make cycling challenging.
Based on type, the market is segmented into:
• Road Helmets
• Sports Helmets
• MTB Helmets
By application, the market is classified into:
• Daily Transportation
Based on demographics, the market is divided into:
By sales channels, the market is segregated into:
• Online Channels
• Offline Channels
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Middle East and Africa
Cycling Helmet Market Trends
The increasing participation of people in cycling is expected to fuel the usage of cycling helmets among consumers across the globe. The rising trend of professional cycle races is likely to propel the market demand for cycling helmets over the coming years. Increasing awareness regarding the benefits of wearing cycling helmets and the availability of stylish and colourful helmets are key trends in the market.
Geographically, the North American region is anticipated to drive the cycling helmet market growth on account of the rise in the adoption of cycling as a sport. The surging number of tournaments and cycling championships, especially in the United States are positively influencing consumers to own bicycles and helmets, fuelling the market growth of cycling helmets across the North American region.
Meanwhile, Europe is anticipated to gain momentum over the coming years in the cycling helmet market growth on account of the surging adoption of bicycles as a means of transportation in several countries. The growing tourism industry coupled with key manufacturers investing in comfortable cycles and cycling helmets across the region is likely to drive the market growth over the forecast period.
Key Market Players
The major players in the Global Cycling Helmet Market are :
- Polisport Group
- Vista Outdoor Operations LLC
- Specialized Bicycle Components, Inc.
- UVEX WINTER HOLDING GmbH and Co. KG
- Trek Bicycle Corporation
- MET SPA
- Limar Srl
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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