Motorcycle Helmet Market Size & Share to Surpass $4,294.8 million by 2030, Exhibiting a CAGR of 6.1%

motorcycle helmet Market

According to motorcycle helmet market analysis, the market is segmented into product type, end user, distribution channel, and region.

DELAWARE, WILMINGTON, UNITED STATES, March 26, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Motorcycle Helmet Market by Product Type, End User, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,"The global motorcycle helmet market size was valued at $2,444.5 million in 2020, and is projected to reach $4,294.8 million by 2030, registering a CAGR of 6.1% from 2021 to 2030. Motorcycle helmet is worn by motorcyclists to protect their heads while riding.

📚 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/A10677

The primary aim of a motorcycle helmet is to keep the rider's head safe during accidents and preventing head injuries. Helmets are available in a variety of styles and comfort levels to meet the needs of customers.

Enforcement of stringent government road safety laws for riders and increase in awareness of head injuries are the crucial factors that drive the growth of the global motorcycle helmet market. All these motorcycle helmet market trends propel the market growth.

According to motorcycle helmet market analysis, the market is segmented into product type, end user, distribution channel, and region. By product type, the market is categorized into full-face, modular, open-face, half-helmets, off-road, dual-sports, and others.

The full-face segment was the highest revenue contributor in 2020, as full-face helmet provides complete protection to head and face against road accidents.

On the basis of end user, the global market is bifurcated into adults and kids. The adults segment dominated the market in 2020, as motorcycle riders are mostly adults, thus boosting the sale of motorcycle helmets.

Depending on distribution channel, the global market is fragmented into supermarkets & hypermarkets, specialty stores, e-commerce, and others. The specialty stores segment dominated the market with highest motorcycle helmet market share in 2020, due to benefits such as heavy discounts and immediate gratification for consumers.

Region wise, the motorcycle helmet market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific led the market in 2020, and is expected to dominate the market during the motorcycle helmet market forecast.

The global motorcycle helmet market expansion in this region is aided by population increase and rise in disposable income.

The outbreak of COVID-19 pandemic had a negative impact on the motorcycle helmet market growth. The demand for motorcycle helmets dropped, as a result of the pandemic, and travel restrictions severely damaged the motorcycle helmet market's distribution channel, globally.

The lockdown has hampered the workforce and resource availability, affecting the motorcycle helmet industry's scale of production. Furthermore, the supply channel system for motorcycle helmet disrupted as a result of transportation constraints, thus hampering the growth of the overall market.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/A10677

On the contrary, the active stakeholders in the motorcycle helmet sector are employing a number of marketing strategies such as celebrity endorsements, event planning, and social media marketing to promote the product use among customers. Furthermore, top industry players of motorcycle helmet are extensively investing in digital platforms to sell their products, resulting in market expansion.

As a result, the market is expected to benefit from innovative marketing methods and rising demand for motorcycle helmets.

The motorcycle helmet safety authorities are working to update safety requirements for helmet manufacturers so that they are obligated to deliver the safest helmets to their customers and prevent head injuries.

Consumers are shifting their preference to motorcycle helmets as cruising activities such as travelling by motorcycle to tourist attractions and adventure trips are becoming more popular. As a result, motorcycle helmet demand is likely to rise in the near future.

The high cost of motorcycle helmets, on the other hand, is likely to hinder the market growth during the forecast period. Lack of understanding of how to ride & road safety and the importance of wearing a helmet act as the key market constraints.

Furthermore, small consumer base, relatively high price, and the purchasing power of people affected by the global economic recession restrain the global market growth. Conversely, governments of developing and developed countries are implementing road safety programs and campaigns to create awareness among the people about wearing helmet, which is anticipated to offer remunerative motorcycle helmet market opportunities for the expansion of the global market.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/checkout-final/e18aa048b5b38f818bda8ab432307342

𝐓𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞
• Arai Helmets,
• HJC Helmets,
• Manufacturas Tomas SA,
• Nolan Helmets SPA,
•Schuberth GMBH,
• Shark Helmets,
• Shoei Co. Ltd,
• Studds Accessories Ltd,
• Bell Helmet, and
• Dainese S.P.A.
All these players have adopted innovative marketing strategies to expand their market reach globally.

𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲
• The global motorcycle helmet market was valued at $2,444.5 million in 2020, and is projected to reach $4,294.8 million by 2030, registering a CAGR of 6.1% from 2021 to 2030.
• By product type, the full-face segment was the highest contributor to the market, with $562.8 million in 2020, and is estimated to reach $994.6 million by 2030, at a CAGR of 6.1% during the forecast period.
• By end user, the adults segment was the highest contributor to the market, with $1,741.0 million in 2020, and is estimated to reach $3,005.3 million by 2030, at a CAGR of 5.9% during the forecast period.
• By distribution channel, the specialty stores segment was the highest contributor to the market, with $867.7 million in 2020, and is estimated to reach $1,511.9 million by 2030, at a CAGR of 6.0% during the forecast period.
• By region, Asia-Pacific was the highest revenue contributor, accounting for $858.5 million in 2020, and is estimated to reach $1,474.8 million by 2030, with a CAGR of 5.8%.

𝐌𝐨𝐭𝐨𝐫𝐜𝐲𝐜𝐥𝐞 𝐇𝐞𝐥𝐦𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
By Product Type
• Full-face
• Modular
• Open-face
• Half-helmets
• Off-road
• Dual-sports
• Others

By End User
• Adults
• Kids

By Distribution Channel
• Supermarkets & Hypermarkets
• Specialty Stores
• E-commerce
• Others

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, Italy, Spain, UK, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐑𝐞𝐯𝐢𝐞𝐰
• According to the insights of CXOs of leading companies, motorcycle helmets are becoming increasingly popular among riders due to their increased security, safety, and comfort. Government-imposed road safety laws and increased awareness of personal safety are projected to fuel the demand for motorcycle helmet.

• Surge in demand for safety motorcycle helmet accessories, increase in sales of motorcycles, and stringent road safety regulations are factors that are driving the growth of motorcycle helmet market. The factors such as expansion of online sales channel and introduction of multi-functional smart helmets are creating growth opportunities for the development of the motorcycle helmet market.

• However, high cost of motorcycle helmets and lack of consumer awareness regarding road safety hinder the growth of market. Conversely, rise in government initiatives for creating awareness about road accidents and head injuries is expected to offer lucrative opportunities for the growth of the motorcycle helmet market during the forecast period.

• The CXOs further added that Asia-Pacific is the largest market for motorcycle helmets, owing to rise in disposable income and increase in urbanization.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:-
➢ Cycling Helmet Market
https://www.alliedmarketresearch.com/cycling-helmet-market-A06446

➢ Smart Motorcycle Helmet
https://www.alliedmarketresearch.com/smart-motorcycle-helmet-market

➢ Motorcycle Footware Market
https://www.alliedmarketresearch.com/motorcycle-footwear-market-A06494

➢ Off Road Motorcycle Helmet market
https://www.alliedmarketresearch.com/off-road-motorcycle-helmet-market-A06504

➢ Helmet Cameras Market
https://www.alliedmarketresearch.com/helmet-cameras-market-A06503

➢ Security Helmets Market
https://www.alliedmarketresearch.com/security-helmets-market-A14608

David Correa
Allied Market Research
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