Bike Helmet Market

Rising trend of cycling is driving the market growth

Due to the growing popularity of riding as a form of exercise to reduce obesity and enhance health, the market for bike helmets is expected to expand ly. The lack of stringent government regulations and guidelines requiring the use of safety equipment when riding bikes is blamed for the growth of the industry. Growing sustainability concerns are also acknowledged for their role in the rise of cycling around the world.

Increased disposable income, increased purchasing power, increased bicycle riding activities, and other factors like increased bicycle sales are anticipated to cause a rise in the sales of cycling helmets over the anticipated time period and result in the expansion of the bike helmet market share. Furthermore, product improvements and innovations with improved safety features and an improved product look are supporting the market's expansion at this time.

Many motorcycle riders consider bike helmets to be crucial pieces of safety equipment. Additionally, a lot of bike helmet producers have been developing high-end features to entice customers to use helmets. Few manufacturers have helmets that can display GPS maps and the speedometer on the visor using built-in Augmented Reality (AR).

Growing consumer preference for cutting-edge technology has prompted many entrepreneurs to enter the bike helmet market and provide cutting-edge goods. The incidence of fake helmets is increasing, which continues to restrain market expansion. Helmets that are falsely marketed and sold at a significantly lower price are considered counterfeit or phony. A World Health Organization assessment estimates that each year, faulty, subpar automotive parts and gears cause up to 360,000 fatalities and 1.5 million injuries. Given that these goods are typically made using low-quality materials, the comfort and protection these helmets can offer their wearers may not be adequate.

The existence of counterfeit goods influences how consumers view a brand. In Asian markets, particularly in China, Pakistan, and India, the circulation of fake helmets is more common.

In addition, there are already tens of thousands of fake helmets flooding Asian markets as a result of the rising demand for various sorts of helmets, including theme-based, athletic, designer, and sports helmets. 88.0% of counterfeit goods in the United States, according to the U.S. Government Accountability Office, come from China or Hong Kong. During the anticipated term, the market for helmets may not increase as quickly as anticipated due to the ease with which counterfeit goods can be found. Thus, driving the Bike Helmet market revenue.

The rapid growth of the e-bike market is significantly impacting the Global Bike Helmet Market Industry. As e-bikes become increasingly popular due to their convenience and efficiency, the demand for helmets specifically designed for e-bike riders is likely to rise. E-bike riders often travel at higher speeds than traditional cyclists, necessitating helmets that offer enhanced protection. This trend is further supported by the increasing number of e-bike users, which is expected to drive helmet sales. The intersection of these two markets suggests a robust growth trajectory for the helmet industry, aligning with the overall expansion of cycling-related products.

The Global Bike Helmet Market Industry is poised for substantial growth, with projections indicating a market value of 1.05 USD Billion in 2024 and an anticipated increase to 1.87 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 5.36% from 2025 to 2035. Factors contributing to this expansion include rising safety awareness, increased cycling participation, and technological innovations in helmet design. The market's evolution is likely to be influenced by changing consumer preferences and regulatory frameworks that prioritize cyclist safety. As these dynamics unfold, the industry is expected to adapt and thrive.

The increasing popularity of cycling as a mode of transportation and recreation is significantly influencing the Global Bike Helmet Market Industry. Urban areas are witnessing a surge in cycling infrastructure, such as dedicated bike lanes and rental services, which encourages more people to cycle. This trend is further supported by environmental concerns and the push for sustainable transportation options. As cycling becomes more mainstream, the demand for bike helmets is anticipated to grow. By 2035, the market is projected to reach 1.87 USD Billion, reflecting the expanding cycling community and the associated need for protective gear.

The growing awareness of safety among cyclists is a primary driver for the Global Bike Helmet Market Industry. As more individuals recognize the importance of wearing helmets to prevent head injuries, the demand for high-quality helmets is likely to rise. Educational campaigns and safety regulations implemented by various governments further reinforce this trend. For instance, countries with stringent helmet laws have reported increased helmet usage, which correlates with a decline in cycling-related injuries. This heightened focus on safety is expected to contribute to the market's growth, with projections indicating a market value of 1.05 USD Billion in 2024.

Government regulations and initiatives aimed at promoting cycling safety are pivotal drivers of the Global Bike Helmet Market Industry. Many countries have enacted laws mandating helmet use for cyclists, particularly for children and young adults. These regulations are often accompanied by public awareness campaigns that emphasize the importance of helmet usage. Additionally, government-sponsored programs that provide subsidies or incentives for purchasing helmets can further stimulate market growth. As these initiatives gain traction, they are expected to bolster helmet sales, contributing to the projected market growth to 1.05 USD Billion in 2024.

Technological advancements in helmet design are reshaping the Global Bike Helmet Market Industry. Innovations such as lightweight materials, improved ventilation systems, and enhanced impact resistance are making helmets more appealing to consumers. Manufacturers are increasingly focusing on integrating smart technologies, such as built-in lights and communication systems, which cater to the needs of modern cyclists. These advancements not only enhance safety but also improve comfort and usability. As a result, the market is likely to experience a compound annual growth rate of 5.36% from 2025 to 2035, driven by consumer demand for high-performance helmets.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Bike Helmet Market dominated this market in 2022 (45.80%). This is because more and more cycling competitions and championships are encouraging people to buy bicycles. For instance, the USA hosts numerous renowned cycling competitions, such as the USA Cycling Elite BMX National Championships, Race Across America, and The Iditaroy Invitational. Further, the U.S. Bike Helmet market held the largest market share, and the Canada Bike Helmet market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  BIKE HELMET MARKET SHARE BY REGION 2022 (USD Billion)

Source Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The Asia Pacific Bike Helmet market is expected to register fastest growth from 2024 to 2032. The need for cycling helmets is expanding in Asia Pacific as a result of the increased cycle production brought on by the market’s strong players and the region's growing preference for cycles as a result of the transition to sustainable modes of transportation. The Asia Pacific region's road cycling championships and the demand for cycling helmets for a safe and improved cycling experience are also factors driving the market growth for cycling helmets.

Moreover, China’s Bike Helmet market held the largest market share, and the Indian Bike Helmet market was the fastest growing market in the Asia-Pacific region.

Europe Bike Helmet market accounts for the significant market share. The market growth is projected to be boosted by the increasing acceptance of bikes as a mode of transportation in several of the nations in this area. For instance, the World Economic Forum estimates that in February 2020, the Netherlands will have more bicycles than people, which will account for nearly half of all travel from homes to places of employment in Amsterdam. Further, the German Bike Helmet market held the largest market share, and the U.K Bike Helmet market was the fastest growing market in the European region

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Bike Helmet market grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Bike Helmet industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Bike Helmet industry to benefit clients and increase the market sector. In recent years, the Bike Helmet industry has offered some of the most significant advantages to medicine. Major players in the Bike Helmet market, including Vista Outdoor Operations LLC, Dorel Sports, KASK S.p.a., Trek Bicycle Corporation, Uvex Sports, Orbea, Specialized Bicycle Components, MET-Helmets, SCOTT Sports SA., and Limar Srl, are attempting to increase market demand by investing in research and development operations.

Commercial vehicles and motorbikes are produced and marketed by Eicher Motors Ltd (EML). It sells accessories for motorcycles as well as clothing, soft goods, and spare parts. EML is also an expert in the production of mid-size adventure and leisure motorcycles. The business sells motorcycles under the Royal Enfield label. Bullet, Classic, Interceptor, Thunderbird, Continental GT, and Himalayan are among its product lines. The business also develops, produces, and sells dependable, fuel-efficient vehicles and buses. It also sells buses, heavy-duty trucks, Volvo trucks, and medium-duty vehicles. Additionally, the business makes personal utility vehicles.

It runs businesses across South Asia, the Middle East, Europe, the US, and the UK. The headquarters of EML are located in Gurugram, Haryana, India. In January 2022, the non-profit organization Helmet for India joined forces with Royal Enfield, a division of Eicher Motors. With its extensive list of partnerships and collaborations, the Royal Enfield corporation is currently concentrating on products and riding gear for the promotion of road safety. Through this agreement, the general public will become more aware of the need to wear a helmet and protect themselves from risks like accidents.

Telecommunications and information services are offered by Telstra Group Ltd. (Telstra). The company offers home and mobile phones, devices, fixed and wireless internet, Pay TV, mobility solutions, and mobile phones. Additionally, it works on building the necessary infrastructure for fixed, mobile, IP, and data networks. The services portfolio of the business includes cloud, business solutions, integrated services, and unified communications. Telstra offers services to large corporations, one-on-one clients, and small and medium-sized organizations. It runs distribution networks, retail locations, call centers, and internet channels.

The company's business operations are spread over the Asia-Pacific, Australia, the Americas, Europe, the Middle East, and Africa. Melbourne, Victoria, Australia serves as the home office for Telstra. In order to create a 5G linked helmet prototype, Telstra and Arenberg, a Sydney-based cycling company, teamed up in June 2021. This will increase cyclists' on-road safety. A helmet from Arenberg's with live video streaming capabilities has just been released. Telstra created a number of safety-related applications.

These include a camera alert system with improved sensing capabilities, a vehicle door warning system, a road safety alert system that will alert cyclists about accident detection, road blocks, and automobile doors.