Wearing a motorcycle helmet, while riding a bike can reduce the chance of head/brain injury in case of an accident. The motorcycle helmet types include the helmets for sports bike and motorbike, smart helmets etc.
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What is the global motorcycle helmet market size?
Market Size of 2-Wheeler Helmet
The global market value of motorbike helmets reached US$ 2.7 billion in 2018 and is forecasted to reach about US$ 3.5 billion in 2025. The market is dominated by full-faced helmets, compared to half-face and open face helmets.
Analysis of 2-Wheeler Helmet Market
Helmets are an important part of 2-wheel driving, as there are more chances of getting hurt as compared to cars. Although there are also helmets for motor vehicles, they are mostly used in sports, such as racing. There are also various strict rules regarding helmet wearing, all over the world, in which some countries imposed high fines for not wearing a helmet.
According to Global Status Report on road safety 2018, Published by WHO (World Health Organization), there are 1.35 million people die annually due to road accidents, which can be narrow down to 3,700 people die every day due to road accidents. It shows that the increase in traffic, all over the world, also caused an increase in deaths, therefore, governments are enforcing wearing helmets.
Helmet manufacturers are also trying to make the helmets safe such as decreasing weight, and using advanced materials, fibreglass-reinforced plastic and carbon fibre.
As for regions, Asia Pacific is the largest market for motorbike helmets due to a large number of motorbikes in the region. The number of 2-wheeler in the Asia Pacific also showed high growth in the future, which will support demand for more helmets in the region.
Some of the factors which will increase the global helmet market size include increasing demand for motorcycles, the introduction of e-bikes, developments in ordinary helmets, and offering of smart helmets.
Some of the top players of the industry include Shoei Helmets, HJC Helmets, Bell Helmets, Arai Helmets, Nolan Helmets, Shark Helmets, and AGV Helmets.
Below is a chart showing various types of helmets.