Global Cycling Helmet Market Overview
Cycling Helmet Market Size was valued at USD 0.7 Billion in 2022. The Cycling Helmet Market industry is projected to grow from USD 0.72 Billion in 2024 to USD 0.92 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2024 - 2032). Professional cycle races are becoming more popular, and cycling accidents are becoming more common are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The increasing acceptance of cycling as a recreational and competitive sport is fueling the market CAGR for bike helmets ly. Cycling is a great form of exercise and has many health advantages, which is why there is a high demand for cycling gear, especially bike helmets. Additionally, the demand for bicycles and bike helmets are being driven by the expanding trend of environmentally friendly transportation solutions. Demand for high-performance bike helmets is being driven by an increase in cycling activities including road races and mountain biking competitions, which is anticipated to accelerate market expansion over the forecast period.
A further factor driving the worldwide cycling helmet market is rising public awareness of traffic safety. Over the past several years, there has been an increased emphasis on road safety measures due to the rise in accidents and deaths brought on by traffic accidents.
Bicycle helmets are an essential part of the strict safety requirements that governments around the world are putting in place to enhance road safety. The demand for bike helmets is being driven by the rising awareness of how important it is to wear a helmet when cycling, which is anticipated to accelerate market expansion throughout the forecast period.
For instance, according to the U.S. Department of Transportation - National Highway Traffic Safety Administration (NHTSA) traffic safety facts published in March 2017, 818 pedalcyclists died in motor vehicle traffic crashes in the United States in 2015, an increase from 729 in 2014, and 45,000 pedalcyclists were injured in 2015. As a result, the growing number of injuries and deaths caused by bicycle accidents is likely to drive expansion in the bicycle helmet market.
Governments all across the world are becoming tighter and more worried about mandating that cyclists wear helmets. This has been a key factor in the bike helmet market's rise. Growing purchasing power among developing economies and the quantity of new bike accidents in recent years have both played significant roles. Cycling helmets are getting sexier, more practical, and safer. Regular cyclists are better protected as a result of all these variables. The cycling helmet market is driven by all of these factors.
The Cycling Helmet Market segmentation, based on type includes road helmets, sports helmets and MTB helmets. The MTB helmets segment dominated the Market during the projection period, owing to the growing number of mountain biking enthusiasts ly. Mountain bikers are more prone to fall off their bikes due to the rugged terrain, thus these helmets are designed to provide extra protection to the back and sides of the head. Mountain bike helmets are designed for cross-country, downhill, and Enduro Mountain riding races. Mountain bike (MTB) or mountain bicycle is a bicycle designed for cycling off-road. Mountain bikes are comparable to ordinary bicycles in some ways, but they add elements meant to improve durability and performance in difficult terrain, making them heavier, more complex, and less efficient on flat surfaces. A suspension fork, huge knobby tyres, more durable wheels, more powerful brakes, straight, extra wide handlebars to aid balance and comfort across rough terrain, and wide-ratio gearing tailored for topography and application (e.g., steep climbing or quick descent) are typical features.
The Cycling Helmet Market segmentation, based on application, includes daily transportation, sports/adventure. The sports/adventure segment is expected to hold 45%, which is the largest share of the bike helmet market during the forecast period owing to the increasing popularity of cycling as a recreational and competitive sport. The sports segment includes helmets designed for road cycling, mountain biking, triathlon, and other competitive events. In addition, the gravel bike, also known as adventure bikes or mixed terrain bikes, is a hybrid that is half road cycle with drop handlebars (although flat bar gravel bikes exist) and part mountain bike, with robust construction and wide gearing.
Figure1: Cycling Helmet Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Europe Cycling Helmet Market area will dominate this market, due to the strong presence of industry players, and the growing preference for cycles as a result of the change towards sustainable modes of transportation is driving up demand for cycling helmets in Europe. Furthermore, the European road cycling championships and the necessity for cycling helmets for a safe and increased cycling experience are driving the European cycling helmet market expansion.
Further, the major countries studiedin the market reportare The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: CYCLING HELMET MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Cycling Helmet Market accounts for the second-largest market share due to growing number of cycling events and tournaments are encouraging people to buy bicycles. Further, the German Cycling Helmet Market held the largest market share, and the UK Cycling Helmet Market was the fastest-growing market in the North American region
The Asia-Pacific Cycling Helmet Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to high number of people engaging in outdoor activities, such as cycling, is likely to boost consumption. Moreover, China’s Cycling Helmet Market held the largest market share, and the Indian Cycling Helmet Market was the fastest-growing market in the Asia-Pacific region.
Leading market players are extensively investing in research and development to extend their product lines, which will help the Cycling Helmet Market grow even further. Market participants are also engaging in a number of strategic initiatives to grow their worldwide footprint, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organisations. Cycling Helmet industry must supply cost-effective things to flourish and thrive in a more competitive and expanding market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Cycling Helmet industry to benefit clients and increase the market sector. In recent years, the Cycling Helmet industry has offered some of the most significant advantages to medicine. Major players in the Cycling Helmet Market, including Trek Bicycle Corporation (US), MET-Helmets (Italy), Limar (Italy), Orbea (Spain), SCOTT Sports SA (Switzerland), KASK Sp.a. (Italy) and others, are attempting to increase market demand by investing in R&D operations.
Trek Bicycle Corporation manufactures and distributes bicycles and cycling products under the brand names Trek, Electra Bicycle Company, Bontrager, and Diamant Bikes. Previously, the company produced bikes under the Gary Fisher, LeMond Racing Cycles, Klein, and Villiger Bikes brand names. Trek bicycles are marketed[when?] through 1,700 individually owned bicycle stores across North America, subsidiaries in Europe, Asia, and South Africa, as well as distributors in 90 countries worldwide. The majority of Trek bicycles are made in nations other than the United States, including the Netherlands, Germany, Taiwan, and China. In September 2021, Trek has announced the availability of its professional level Madone.
Vista Outdoor Inc. is an American outdoor sports and entertainment product designer, producer, and marketer. It has two product lines: shooting sports and outdoor items. It is a "house of brands", with over 40 labels and subsidiaries. It is listed on the New York Stock Exchange under the symbol "VSTO." Many ammunition manufacturers, including Federal, CCI, and Remington, are owned by Vista Outdoor.[8] Vista Outdoor announced its intention to separate into two companies with new names and stock symbols in mid-2022; one would focus on sporting products and the other on ammunition and guns accessories. In 2001, Alliant Techsystems (ATK) entered the ammunition and outdoor products market. In June 2022, Vista Outdoor announced the acquisition of Fox Racing for $540 million. The transaction is expected to be completed in the second quarter of 2024.
Key Companies in the Cycling Helmet Market Include
Cycling Helmet Industry Developments
In July 2019, Before the brand was officially launched, Giant-sponsored UCI WorldTeam teams (Team Sunweb in 2018, and CCC Pro Team in 2019) were seen wearing #Overachieve-branded components, which Giant claims were race-tested prototypes of the CADEX components. This line was created to "develop superior cycling components for pro racers" and compete directly with the Specialised S-Works range.
In August 2020, Hexr has announced the release of their new voronoi bicycle helmet, which features a parmetric design.
In March 2019, Trek and Bontrager have announced the release of a new cycling helmet that employs WaveCel technology.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 0.7 Billion |
| Market Size 2023 | USD 0.72 Billion |
| Market Size2032 | USD 0.92 Billion |
| Compound Annual Growth Rate (CAGR) | 3.20% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Polisport Plásticos SA (Portugal), Vista Outdoor Operations LLC (US), Specialized Bicycle Components (US), Dorel Sports (Canada), Uvex Sports (Germany) Trek Bicycle Corporation (US), MET-Helmets (Italy), Limar (Italy), Orbea (Spain), SCOTT Sports SA (Switzerland), KASK Sp.a. (Italy). |
| Key Market Opportunities | Technological Advancements. |
| Key Market Dynamics | Helmet laws that are strictly enforced. |
Cycling Helmet Market Highlights:
Frequently Asked Questions (FAQ) :
The Cycling Helmet Market size was valued at USD 0.7 Billion in 2022.
The market is projected to grow at a CAGR of 3.20% during the forecast period, 2024-2032.
Europe had the largest share of the market
The key players in the market are Trek Bicycle Corporation (US), MET-Helmets (Italy), Limar (Italy), Orbea (Spain), SCOTT Sports SA (Switzerland), KASK Sp.a. (Italy).
The mountain bike helmets (MTB)category dominated the market in 2022.
The sports had the largest share of the market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
