Global Motorcycle Helmet Market Report 2024, Forecast To 2033
8 Mar, 2024
The motorcycle helmet market has shown strong growth, increasing from $2.41 billion in 2023 to $2.57 billion in 2024, with a compound annual growth rate (CAGR) of 7.0%. This growth is attributed to the growing concerns for rider safety and the rise in motorcycle ownership. Forecasts predict continued growth, reaching $3.3 billion by 2028, with a CAGR of 6.4%. Factors such as the adoption of electric motorcycles and stringent safety regulations contribute to this growth. Major trends include innovations in helmet design and the integration of smart helmet technologies, enhancing safety and comfort for riders.
Global Motorcycle Helmet Market Key Driver
The rise in demand for two-wheeled vehicles is expected to boost the motorcycle helmet market. With motorcycle helmets playing a crucial role in rider safety, their demand is closely linked to the popularity of two-wheeled vehicles. For example, Honda Motor Co. Ltd. reported a 4.9% increase in sales in 2023, with a 29.4% market share worldwide. Additionally, motorcycle-related fatalities increased by 8% between 2020 and 2021, according to the National Safety Council. These trends underscore the importance of motorcycle helmets in reducing the risk of injuries and fatalities, driving market growth.
Get A Free Sample Of The Global Motorcycle Helmet Market ReportGlobal Motorcycle Helmet Market Segments
The motorcycle helmet market covered in this report is segmented –
1) Product Type:Full-Face, Modular, Open-Face, Half-Helmets, Off-Road, Dual-Sports, Other Product Types
2) Distribution Channel:Offline, Online
3) End-User:Rider, Passenger
By Geography: The countries covered in the motorcycle helmet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the motorcycle helmet market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the motorcycle helmet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Motorcycle Helmet Industry Players
Harley-Davidson Inc.; Schuberth GmbH; Dainese SpA; Shoei Co. Ltd; Alpinestars SpA; Nolan Helmets SpA; GIVI; Studds Accessories Limited; Steelbird Hi-Tech India Ltd.; Ergodyne Corporation; Icon Motorsports; Caberg SpA; AGV Helmets; Shark Helmets; HJC Helmets; Nolan Helmets S.p.A.; Vega Auto Accessories Pvt. Ltd.; LS2 Helmets; Manufacturas Tomás SA; Arai Helmet Limited; ScorpionEXO; Bell Helmets; The Enfield Cycle Company; KBC Helmets; Balaji Industries; NEXX Helmets; JI Justness Industrial Co. Ltd.; Onward Helmet Co. Ltd.; Anbu Safety Industry Co. Limited
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Motorcycle Helmet Market Overview
A motorcycle helmet is a hat-shaped piece of headgear made from strong and hard material that is worn while riding the motorcycle to protect the rider's head in case of an accident. Motorcycle helmets are used to reduce the risk of head injury in the event of an impact and provide protection to adult motorcyclists involved in traffic accidents.