Global Motorcycle Helmets Market: Overview
Helmets play a key role in ensuring the safety of the motorcycle riders as the collision of a motorcycle can result in head injuries causing fatalities such as death or severe head damages. The product is manufactured to reduce the risk of head injuries. Governments across the globe have introduced helmet standards to critically examine the efficacy of helmets in offering protection to the motorcycle riders. Helmets have no adverse side-effects and do not restrict the ability of the driver to view the vehicle in the next lane.
Global Motorcycle Helmets Market: Growth Factors
The rise in the production, as well as the sale of two-wheelers across the globe along with the strict implementation of legislation pertaining to safe driving on roads & traffic, will propel the business trends. Helmets help in reducing the head injuries and hence they have a huge demand among the bike riders. Apart from this, some of the helmets offer ventilation, intercom, ear protection, and face shield. This aspect is anticipated to further drive the preference for helmets among the motorcycle drivers. Nevertheless, low level of consciousness pertaining to safe driving on roads among the motorbike drivers of the third world economies along with the use of helmets manufactured in the unorganized sector will impede the motorcycle helmets industry surge over the estimated timeframe. However, the rise in the demand for luxurious motorcycles coupled with the enhancing popularity of motorbike racing sports & grand prix events in the western countries will boost the market revenue. This, in turn, will nullify the negative impacts of the hindrances on the overall industry growth over the ensuing years.
Global Motorcycle Helmets Market: Segmentation
The motorcycle helmets market can be sectored into product type, price points, and application. Based on the product type, the market can be segmented into a full face helmet, open face helmet, and half face helmet. On the basis of price points, the motorcycle helmets industry can be segregated into low priced helmets, medium priced helmets, and high priced helmets. Application wise, the motorcycle helmets industry can be divided into on road and off-road applications.
Global Motorcycle Helmets Market: Regional Analysis
Region wise, the motorcycle helmets market can be divided into five main regions: Europe, Latin America, North America, Asia Pacific, and the Middle East and Africa. Thriving automotive sector along with the increase in the sales of two-wheelers in the countries such as India will propel the growth of the motorcycle helmets market in the Asia Pacific region. In addition to this, a massive trend of riding motorbikes among the youth along with the implementation of strict traffic legislations by law enforcement agencies will leverage the business landscape.
Increase in the popularity of motorbike racing events in European countries will culminate in the huge demand for the product. This, in turn, will drive the growth of motorcycle helmets market in the European continent.
North America and Latin America are expected to make significant contributions to the overall market size in the upcoming years.
Global Motorcycle Helmets Market: Competitive Players
Few of the main participants in motorcycle helmets market are Dainese S.p.A (AGV), Nolan Helmets SpA, Shoei Co. Ltd., Shark Helmets, Manufacturas Tomas SA, Bell Helmet, HJC Helmets, Schuberth GmbH, ARAI Helmets, and Studds Accessories Ltd.
Global Motorcycle Helmets Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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