Helmet Market Forecast Hit by Coronavirus Outbreak, Downside Risks Continue to Escalate

Helmet Market: Introduction

Transparency Market Research delivers key insights on the global helmet market. In terms of value, the global helmet market is estimated to expand at a CAGR of ~6% during the forecast period, 2020 to 2030, owing to numerous factors regarding which, TMR offers thorough insights and forecasts in the global helmet market report.

In the report, TMR predicts that the global helmet market would be largely driven by the rise in participation in sports activities, biking and riding activities, and construction activities, which is expected to continue to boost the market during the forecast period.

According to the helmet market report, the type segment is divided into sports, moto, and safety. The sports segment is further divided into bike helmets, snowsport helmets, equestrian helmets, hockey helmets, mountaineering helmets, and other helmets. Moto segment is divided into roadbike helmets, MX helmets, and other helmets. Safety is split into industrial helmets, military helmets, police & fire squad helmets, and other helmets.

In terms of category, the helmet market is bifurcated into conventional helmet and smart helmet. Rapid increase in the demand for smart helmets from the high net-worth-population and sportspersons has created huge opportunity for helmet manufacturers worldwide. The smart helmet system is designed to be a solution for any motorbike rider who focuses on awareness and safety while driving.

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Based on gender, the market has been categorized into male and female. In terms of price, the helmet market is segmented into low, medium, and high/premium priced helmets. In terms of design, the helmet market is classified into full face, half face, and open face helmets. Open face helmets hold a major share of the global helmet market.

Based on distribution channel, the global helmet market is segmented into online and offline. Companies are offering their exclusive range of helmets on company-owned websites and e-Commerce websites. The evolution in e-Commerce industry has created significant opportunities for manufacturers and distributors to sell their products in various countries across the globe.

The helmet market is majorly driven by the MIPS technology, which helps to make strong and more secure helmets for end users. Helmet liners and little yellow MIPS stickers have become ubiquitous on helmets. In 2018, there were 78 helmet brands with MIPS, around 448 models on the road, and around 9.2 million helmets were sold. A rise in acceptance of helmets and other safety accessories to prevent fatal injuries is seen. These factors are projected to boost the helmet market during the forecast period. Moreover, rapid increase in the demand for smart helmets in the high end or premium target audience and sportspersons has created immense opportunity for helmet manufacturers across the globe.

Helmet Market: Prominent Regions

Asia Pacific was the dominant and the fastest growing market for helmets in the year 2019. China and India are major helmet markets in Asia Pacific. Rapid increase in sale and production of two wheelers in China and India is projected to drive the demand for bike and road bike helmets in the Asia Pacific region. Furthermore, industrialization, rise in infrastructure development activities, implementation of strict rules & regulations regarding road safety, and various other standards are anticipated to increase the overall sale of helmets in the near future.

Helmet Market: Key Players

Key players operating in the global helmet market include Arai Helmet, Bell Helmet, GIRO Sport Design, Headstrong, MT Helmets, SHOEI CO., LTD., SMITH, Skis Rossignol, Specialized Bicycle Components, Inc., STUDDS Accessories Ltd., Troxel Helmets, and uvex group.

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Global Helmet Market: Segmentation

Helmet Market, by Type

Sports
- Bike Helmets
- Snowsport Helmets
- Equestrian Helmets
- Hockey Helmets
- Mountaineering Helmets
- Other Helmets
Moto
- Roadbike Helmets
- MX Helmets
- Other Helmets
Safety
- Industrial Helmets
- Military Helmets
- Police & Fire Squad Helmets
- Other Helmets

Helmet Market, by Category

Conventional Helmet
Smart Helmet
Others

Helmet Market, by Gender

Male
Female

Helmet Market, by Price

Low
Medium
High

Helmet Market, by Design

Full Face
Open Face
Half Face

Helmet Market, by Distribution Channel

Offline
Online

Helmet Market, by Region

North America
- U.S.
- Canada
- Rest of North America
Europe
- U.K.
- Germany
- France
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
South America
- Brazil
- Rest of South America

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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

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