PUBLISHER: The Business Research Company | PRODUCT CODE: 1556217
PUBLISHER: The Business Research Company | PRODUCT CODE: 1556217
A bicycle helmet is protective headgear worn by cyclists to minimize the risk of head injuries during accidents or falls. These helmets are engineered to absorb impact energy, safeguarding the skull and brain from trauma. Typically, they feature a hard outer shell made from materials such as polycarbonate or fiberglass, an inner liner of expanded polystyrene (EPS) foam for cushioning impacts, and may include additional comfort padding and ventilation openings for airflow.
The main types of bicycle helmets include road helmets, sports helmets, and mountain bike helmets. Road helmets are designed specifically for cyclists who ride on paved surfaces, offering lightweight construction, aerodynamic shapes, and ample ventilation for enhanced comfort during long rides. These helmets are distributed through various channels, including hypermarkets and supermarkets, sports stores, online platforms, and others, and are used for sports, adventure, and daily transportation purposes.
The bicycle helmets market research report is one of a series of new reports from The Business Research Company that provides bicycle helmets market statistics, including bicycle helmets industry global market size, regional shares, competitors with a bicycle helmets market share, detailed bicycle helmets market segments, market trends and opportunities, and any further data you may need to thrive in the bicycle helmets industry. This bicycle helmets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bicycle helmet market size has grown strongly in recent years. It will grow from $0.79 billion in 2023 to $0.85 billion in 2024 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to an increasing focus on health and fitness, extensive media coverage emphasizing cycling safety, the rise of e-commerce, growing disposable income, and a preference for cycling as an alternative to navigating congested roads.
The bicycle helmet market size is expected to see strong growth in the next few years. It will grow to $1.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increasing safety awareness, stricter regulations mandating helmet use, a rising number of cyclists, urban area expansion, and the longevity and durability of modern helmets. Major trends expected during this period include innovations in helmet materials and design, the incorporation of communication and navigation features in helmets, growing demand for personalized helmet designs, the development of cycling infrastructure, and partnerships with bicycle manufacturers.
The growing popularity of cycling is anticipated to drive the expansion of the bicycle helmet market in the future. Cycling, which encompasses riding a bicycle for transportation, recreation, exercise, or competition, is becoming increasingly popular due to its health benefits, environmental sustainability, and the expanding infrastructure that supports bike travel. Bicycle helmets are essential for cyclists as they provide protection against head injuries in the event of accidents or falls. For example, a report published by the UK's Department for Transport in August 2023 noted that people aged 40 to 49 had a high rate of cycle ownership at 50%, with those aged 50 to 59 following closely at 45%. The pandemic period also saw an increase in pedal cycle ownership, with 47% of respondents reporting ownership or access to a bicycle in both 2020 and 2021, bringing levels back to pre-pandemic trends. As a result, the rising popularity of cycling is fueling the growth of the bicycle helmet market.
Leading companies in the bicycle helmet market are focusing on developing innovative products, such as cable lock helmets, to improve rider safety and convenience, thereby encouraging more cyclists to use helmets. Cable lock helmets are designed with a built-in cable lock mechanism that allows cyclists to secure their helmets to their bikes when not in use, reducing the risk of theft. For instance, in September 2023, Headlokt, an Australian bicycle helmet manufacturer, launched a helmet that also functions as a bike lock. This helmet features an integrated, retractable stainless-steel combination lock that is both compact and flexible, designed to secure bikes, scooters, or skateboards. It meets multiple international bicycle helmet safety standards and is approved for sale in Australia, New Zealand, the United States, and the European Union. Additionally, the helmet includes a discreet compartment for storing a Bluetooth tracker.
In June 2021, Abus Ltd., a Germany-based manufacturer of security solutions for bikes, acquired Maxi Studio S.R.L. for an undisclosed amount. This acquisition strengthens Abus's position in the premium bicycle helmet market by integrating Maxi Studio's manufacturing expertise and product offerings. By fully incorporating Maxi Studio into the Abus Group, Abus is enhancing its capabilities and knowledge within the high-end bicycle helmet sector. Maxi Studio S.R.L. is an Italy-based company that specializes in the development and production of high-quality bicycle helmets and their components.
Major companies operating in the bicycle helmet market are Trek Bicycle Corporation, Abus Ltd., Uvex Safety Ltd., Specialized Bicycle Components Inc., Smith Optics, Fox Racing Inc., Orbea Sociedad Cooperativa, Leatt Corp., Bell Sports Inc., POC Sports, Liv Cycling, Troy Lee Designs, Schwinn Bikes, Scott Sports SA, Louis Garneau Sports Inc., BBB Cycling, Kali Protectives LLC, Triple 8, Bontrager Ltd., Lazer Helmets, Melon World GmbH, Giro, Bern Unlimited, MET Helmets, Catlike Sport Components
Europe was the largest region in the bicycle helmet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bicycle helmet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bicycle helmet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bicycle helmet market consists of sales of helmet accessories, cycling apparel, protective gear and lights and reflective gear. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bicycle Helmet Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bicycle helmet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bicycle helmet ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bicycle helmet market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.