Bike Helmet Market Statistics
Bike helmets are designed to protect riders from head injuries. Stringent safety standards by the governments in various countries are driving the growth of the market. Moreover, continuous product innovations with enhanced appearance and features are boosting the growth of the market globally. Various educational and promotional activities emphasizing the use of bike helmets are also expected to have a positive impact on the growth of the market.
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Key Findings of the Study:
- The global bike helmet market is projected to reach USD 1,118.8 million by 2024 at a 5.35% CAGR during the review period of 2019 to 2024.
- Europe accounted for the largest market share in 2018, with France being the major contributor to the growth of the regional market.
- The road helmets segment is projected to dominate the global bike helmet market, by type, during the forecast period.
- Some of the players operating in the bike helmet market are Vista Outdoor Operations LLC (US), Specialized Bicycle Components (US), Dorel Sports (Canada), and Uvex Sports (Germany).
Leading Key Players Analysis
Some of the key players in the Global Bike Helmet Market are
- Vista Outdoor Operations LLC (US)
- Specialized Bicycle Components (US)
- Dorel Sports (Canada)
- Uvex Sports (Germany)
- Trek Bicycle Corporation (US)
- MET-Helmets (Italy)
- Limar Srl (Italy)
- Orbea (Spain)
- SCOTT Sports SA. (Switzerland)
- KASK S.p.a. (Italy)
Industry Segmentation
The global bike helmet market has also been segmented by type and application.
By type, the global bike helmet market has been classified as road helmets, sports helmets, MTB helmets. The road helmets segment accounted for the largest market share in 2018. However, the sports helmets segment is projected to be the fastest growing during the forecast period.
Based on application, the global bike helmet market has been divided into daily transportation and sports/adventure. The daily transportation segment accounted for the larger market share in 2018, while the sports/adventure segment is projected to exhibit the higher CAGR during the forecast period.
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Regional Outlook
The global bike helmet market has been segmented, based on region, into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
The European bike helmet market accounted for the largest market share of 36.35% of the global bike helmet market in 2018. France was the largest country-level market with a share of 21.41% in 2018, while the market in Italy is expected to be the fastest-growing during the forecast period.
North America is expected to hold a prominent share of the global bike helmet market during the review period. The US is estimated to maintain its dominance during the forecast period.
The market in South America is projected to expand at a CAGR of 4.60% during the forecast period.
The market in the Middle East & Africa is projected to exhibit a relatively slow growth rate during the forecast period.
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