DUBLIN--(BUSINESS WIRE )--The "Motorcycle Helmet Market: Global Opportunity Analysis and Industry Forecast 2021-2030" report has been added to ResearchAndMarkets.com's offering.
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%.
The number of road accidents has increased over the last decade. Governments are taking initiatives and implementing stringent regulations to bring down the number road accidents. Regions where infrastructure is not developed properly face the issue of road accidents on a large scale; therefore, governments are taking initiatives for infrastructure and road development such as the A6 Randalstown to Castledawson dualling scheme of the UK and the Belt & Road Initiative of China. The global motorcycle helmet market is expected to rise steadily in the coming years, owing to rise in demand for motorcycles.
The global motorcycle helmet market is segmented into product type, end user, distribution channel, and region. By product type, the motorcycle helmet market is categorized into full-face, modular, open-face, half-helmets, off-road, dual-sports, and others. Depending on end user, it is bifurcated into adults and kids.
By distribution channel, it is segregated into supermarkets & hypermarkets, specialty stores, e-commerce, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)
Asia-Pacific held the largest market share in 2020, due to increase in customer base and the development of lightweight & technologically advanced features in helmets. The popularity of motorbike events and racing championships is rising on a national and global level in this region, which is further expected to contribute toward the growth of the global market. In addition, the expansion of online distribution channel is driving the market growth in this region.
As online sales channel is gaining high traction in the motorcycle helmet industry, many brands are now adopting the strategy of omnichannel marketing. The convenience of selecting, purchasing, and receiving doorstep delivery, which attracts consumers to online channels, is expected to continue in the future, which is likely to foster the market growth. Furthermore, geographical barriers are virtually eliminated with increase in online sales. Customers are attracted toward online distribution channels, due to the convenience and variety of options offered, which is projected to open new avenues for industry expansion.
The outbreak of COVID-19 on global motorcycle helmet market had a negative impact. Owing to the implementation of lockdown and travel restrictions, people during the lockdown were forced to stay at home. As a result, the sales of motorcycle helmets declined drastically, thus hampering the market growth.
Competitive intelligence on prominent manufacturers of motorcycle helmet provides key insights in terms of strategies implemented to gain significant share in the global motorcycle helmet market. The key players operating in global motorcycle helmet market include 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.
For more information about this report visit https://www.researchandmarkets.com/r/adgk2m
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900