The global premium motorcycle helmet market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2022-2028).Motorcycle helmets are the protective gear that is worn on the head to avoid any serious damage to the head of an individual during collision of the vehicle. The major factor attributing to the growth of the global premium motorcycle helmet market includes the increasing awareness to wear helmets while riding due to the increasing number of road traffic accidents across the globe. According to the report published by the World Health Organization (WHO) in June 2021, the rate of mortality due to road traffic accidents is very high with the mortality of around 1.3 million people regiatered globally every year. It is estimated that road traffic accidents can cost up to 3% of their gross domestic product to the most of the countries. The report also described that around 20 million to 50 million people also suffer from non-fatal injuries as a result of road traffic accidents. Thus, increasing the demand for premium motorcycle helmets.
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The sale of premium motorcycle helmets is also increasing due to increasing sales of motorcycles across the globe. According to the National Highway Traffic Safety Administration (NHTSA), the sale of the motorcycle was around 7,80,000 in the US alone in 2020, accounting for around a 67% increase in sales from the previous year. Furthermore, new rules regarding helmets are further supporting the growth of the market. India is the largest motorcycle market around the globe. According to a new regulation by the Road Transport Office (RTO) of India, it is mandatory for any dealership to provide helmets with every new-registered two-wheeler in the country.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2020, the US-based helmet manufacturer “Kilm” launched the F3 carbon helmet. The F3 helmet is the new helmet in the lightweight helmet series of Kilm that is made of carbon fiber shell making it lighter and safer at the same time.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Shark SAS, Arai Helmets Inc., Nolan helmets SpA, Studds Accessories Ltd, and Steelbird Helmets, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Premium Motorcycle Helmet Market Report by Segment
By Type
- Full Face Helmet
- Open Face Helmet
- Modular Helmet
By Distribution Channel
- Online Stores
- Retail Stores
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