Bike Helmet Market size to grow by USD 325.36 million from 2022 to 2027, Driven by the rise in government initiatives promoting cycling - Technavio

NEW YORK, April 6, 2023 /PRNewswire/ -- The global bike helmet market size is estimated to increase by USD 325.36 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 5.91% during the forecast period. The rise in government initiatives promoting cycling fuels the global bike helmet market growth. Governments of various nations, including the US, Germany, and Sweden, promote the use of bicycles as a mode of transportation due to the increase in traffic congestion in cities. For instance, the US Department of Transportation's Better Utilizing Investments to Leverage Development Transportation Discretionary (BUILD) grants significantly fund cycling initiatives in the country. Similarly, the European Union (EU) has made integrating cycling into the multimodal transport policy in Europe one of the top priorities. This initiative entails integrating cycling into already-existing city management programs such as CIVITAS (City Vitality and Sustainability) and the campaign for European Mobility Week. The EU works with partners and intergovernmental organizations in various areas such as bicycle transportation and road safety. Thus, such government initiatives to promote cycling are expected to fuel the growth of the bike helmet market. Discover some insights on market size, historic period (2017 to 2021), and forecast period (2023-2027) before buying the full report - Request a sample report

Bike helmet market – Vendor Analysis
Vendor Landscape - The global bike helmet market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer bike helmets in the market are ABUS August Bremicker Sons KG, Casco International GmbH, Giant Bicycle India, Guangdong Senhai sporting goods Co. Ltd., Halfords Group Plc, KASK Spa, Limar Srl, Locatelli Spa, Louis Garneau, MAVIC Group, Merida Industry Co. Ltd., MET SPA, ORBEA S. COOP. LTDA, Rudy Project SpA, SCOTT Sports SA, Shenzhen GUB Bicycle Trading Co. Ltd., Shunde Moon Helmet Co. Ltd, Specialized Bicycle Components Inc., Trek Bicycle Corp., and ZhuHai Safety Helmets MFG Co. Ltd. and others.

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Vendor Offerings -

• ABUS August Bremicker Sons KG - The company offers bike helmets such as The Urban-I 2.0.
• Casco International GmbH - The company offers bike helmets such as urban helmets, kids' helmets, and allround helmets.
• Giant Bicycle India - The company offers bike helmets such as Relay Road MIPS Matte, Rev Comp Mips Gloss, and Rev Mips.
• For details on vendors and their offerings – Request a sample report

Bike Helmet Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (road helmets, sports helmets, and mountain bike (MTB) helmets), application (daily transportation and sports/adventure), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

• The market share growth by the road helmets segment will be significant during the forecast period. Recently, road helmets have largely evolved into elongated shapes with vents and are constructed with expanded polystyrene (EPS) foam. Moreover, significant regulations requiring the use of helmets in regular transportation have aided segment growth in the majority of countries. Furthermore, mandating lightweight and safer helmets from manufacturers boosts the market growth. The rising purchasing power of the world's middle classes as well as the increase in bike accidents in recent years also play a role in fueling the demand for road helmets. Hence, factors such as significant regulations and increasing purchasing power are expected to fuel the growth of the road helmets segment during the forecast period.

Geography Overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global bike helmet market.

• Europe is estimated to account for 30% of the growth of the global bike helmet market during the forecast period. France, Italy, and the UK are the major contributors to the growth of the market in the region. The growth in the region can be attributed to factors such as the wide availability of cycling apparel. There is a strong preference for premium cycling wear in this region due to the high living standards of locals, the introduction of novel products, and the strong brand recognition of premium goods. Government-sponsored initiatives have also increased the demand for bike helmets in the region, which has raised the popularity of cycling as a sport and fitness activity. Hence, such initiatives will drive market growth for bike helmets in Europe during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Bike Helmet Market – Market Dynamics

Key Trends - 

• The growing demand for customized cycling helmets is an emerging trend that will fuel the growth of the bike helmet market during the forecast period.
• Customization of a cycling helmet is a growing trend among target clients, particularly corporate users, associations, and clubs.
• The customization is based on the designs, colors, names, branding, and raw materials that are readily available for various kinds of bike helmets, and the level of customization can range from a design, logo, and color to embroidery or name addition.
• Developed nations in the Americas and Europe and even developing nations such as China and India are experiencing a surge in the demand for customized products.
• Moreover, customized helmets are much more expensive in terms of price than standard cycling helmets, compelling major suppliers in the premium market to provide individualized goods that are aesthetically appealing. Hence, cycling helmet sales have increased as a result of customization.

Major challenges - 

• The rising prices of raw materials are major challenges that will impede the market growth of bike helmets during the forecast period. 
• The rising raw material costs increase the cost of bicycle helmets, which could have an impact on how widely they are used during the forecast period. 
• The aerodynamic design of a bike helmet, which protects the rider's head while also allowing air to pass through, is the primary cause of the price increase. 
• The outer shell of inexpensive helmets is made of stamped polyethylene terephthalate (PET) or a comparable plastic, which after being adhered to the liner, is typically taped around the edge for aesthetic reasons. Nylon or polypropylene are the most common materials for helmet straps.
• Hence, fluctuations in raw material prices such as polystyrene, polycarbonate, PET, and nylons are expected to hamper the growth of the global motorcycle helmet market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Bike Helmet Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the bike helmet market between 2023 and 2027
• Precise estimation of the size of the bike helmet market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the bike helmet market across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of bike helmet market vendors

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Table of contents 

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global bike helmet market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global bike helmet market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Road helmets - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Road helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Road helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Road helmets - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Road helmets - Year-over-year growth 2022-2027 (%)

• 6.4 Sports helmets - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Sports helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Sports helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Sports helmets - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Sports helmets - Year-over-year growth 2022-2027 (%)

• 6.5 Mountain bike (MTB) helmets - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Mountain bike (MTB) helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Mountain bike (MTB) helmets - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Mountain bike (MTB) helmets - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Mountain bike (MTB) helmets - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Type 
• Exhibit 46: Market opportunity by Type ($ million)
• Exhibit 47: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Daily transportation - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Daily transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Daily transportation - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Daily transportation - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Daily transportation - Year-over-year growth 2022-2027 (%)

• 7.4 Sports/adventure - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Sports/adventure - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Sports/adventure - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Sports/adventure - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Sports/adventure - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ million)
• Exhibit 61: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 The Netherlands - Market size and forecast 2022-2027 
• Exhibit 91: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 9.10 Denmark - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Denmark - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Denmark - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Denmark - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Denmark - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ABUS August Bremicker Sons KG 
• Exhibit 115: ABUS August Bremicker Sons KG - Overview
• Exhibit 116: ABUS August Bremicker Sons KG - Product / Service
• Exhibit 117: ABUS August Bremicker Sons KG - Key offerings

• 12.4 Casco International GmbH 
• Exhibit 118: Casco International GmbH - Overview
• Exhibit 119: Casco International GmbH - Product / Service
• Exhibit 120: Casco International GmbH - Key offerings

• 12.5 Giant Bicycle India
• Exhibit 121: Giant Bicycle India - Overview
• Exhibit 122: Giant Bicycle India - Product / Service
• Exhibit 123: Giant Bicycle India - Key offerings

• 12.6 Guangdong Senhai sporting goods Co. Ltd. 
• Exhibit 124: Guangdong Senhai sporting goods Co. Ltd. - Overview
• Exhibit 125: Guangdong Senhai sporting goods Co. Ltd. - Product / Service
• Exhibit 126: Guangdong Senhai sporting goods Co. Ltd. - Key offerings

• 12.7 Halfords Group Plc
• Exhibit 127: Halfords Group Plc - Overview
• Exhibit 128: Halfords Group Plc - Business segments
• Exhibit 129: Halfords Group Plc - Key offerings
• Exhibit 130: Halfords Group Plc - Segment focus

• 12.8 KASK Spa
• Exhibit 131: KASK Spa - Overview
• Exhibit 132: KASK Spa - Product / Service
• Exhibit 133: KASK Spa - Key offerings

• 12.9 Limar Srl
• Exhibit 134: Limar Srl - Overview
• Exhibit 135: Limar Srl - Product / Service
• Exhibit 136: Limar Srl - Key offerings

• 12.10 Locatelli Spa
• Exhibit 137: Locatelli Spa - Overview
• Exhibit 138: Locatelli Spa - Product / Service
• Exhibit 139: Locatelli Spa - Key offerings

• 12.11 MET SPA
• Exhibit 140: MET SPA - Overview
• Exhibit 141: MET SPA - Product / Service
• Exhibit 142: MET SPA - Key offerings

• 12.12 ORBEA S. COOP. LTDA
• Exhibit 143: ORBEA S. COOP. LTDA - Overview
• Exhibit 144: ORBEA S. COOP. LTDA - Product / Service
• Exhibit 145: ORBEA S. COOP. LTDA - Key offerings

• 12.13 Rudy Project SpA
• Exhibit 146: Rudy Project SpA - Overview
• Exhibit 147: Rudy Project SpA - Product / Service
• Exhibit 148: Rudy Project SpA - Key offerings

• 12.14 Shenzhen GUB Bicycle Trading Co. Ltd. 
• Exhibit 149: Shenzhen GUB Bicycle Trading Co. Ltd. - Overview
• Exhibit 150: Shenzhen GUB Bicycle Trading Co. Ltd. - Product / Service
• Exhibit 151: Shenzhen GUB Bicycle Trading Co. Ltd. - Key offerings

• 12.15 Specialized Bicycle Components Inc. 
• Exhibit 152: Specialized Bicycle Components Inc. - Overview
• Exhibit 153: Specialized Bicycle Components Inc. - Product / Service
• Exhibit 154: Specialized Bicycle Components Inc. - Key offerings

• 12.16 Trek Bicycle Corp.
• Exhibit 155: Trek Bicycle Corp. - Overview
• Exhibit 156: Trek Bicycle Corp. - Product / Service
• Exhibit 157: Trek Bicycle Corp. - Key offerings

• 12.17 ZhuHai Safety Helmets MFG Co. Ltd. 
• Exhibit 158: ZhuHai Safety Helmets MFG Co. Ltd. - Overview
• Exhibit 159: ZhuHai Safety Helmets MFG Co. Ltd. - Product / Service
• Exhibit 160: ZhuHai Safety Helmets MFG Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 161: Inclusions checklist
• Exhibit 162: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 163: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 164: Research methodology
• Exhibit 165: Validation techniques employed for market sizing
• Exhibit 166: Information sources

• 13.5 List of abbreviations 
• Exhibit 167: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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