Transparency Market Research (TMR) has recently published a market report that assesses the growth opportunities of the global market for motorcycle helmets. The study offers complete information on the market and how it will behave during the forecast period 2019-2027. The TMR report assists readers understand the dynamics of the market, along with the actionable insights that can help stakeholders make important business-related decisions in the coming future. TMR offers key indicator assessment to define the key growth prospects of the market, and forecasts statistics about the development of the motorcycle helmets market.
The motorcycle helmet is made to reduce the risk of all kinds of head and subsequently brain injuries. Across the globe, helmet regulations and standards have been developed to examine the efficiency of helmets in providing protection. In many low-middle and low income countries, motorcycles are the main form of motorized transport. In some of these countries, economic progress has caused sharp upsurge in number of motorcycles in use. Helmets are the only safety measure proven to save lives, with no negative health effects from its use. Motorcycle helmets do not limit a rider’s ability to see a vehicle in the next lane or to hear important sounds.
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Increase in Sale of Two Wheelers to Lead the Growth
The market undercurrents of the global motorcycle helmets market are subjected to factors primarily related to the rise in sale of two wheelers across the world and enforcement of traffic laws & road safety regulations. Asia Pacific and Europe dominate the motorcycle helmets market while sale of two wheelers is increasing across the world. According to European Association of Motorcycle Manufacturers (ACEM), 830,694 motorcycles were registered in the EU in the first nine months of 2018. In Asia Pacific region, sale of two wheelers particularly in India (which has emerged as the largest two wheeler market in the world) has augmented. Therefore, increase in motorcycle sales is anticipated to further fuel the growth of the motorcycle helmets market during the forecast period. Additionally, regulatory authorities across the globe are enforcing stringent traffic safety regulations regarding the usage of helmets, leading to increase in acceptance of motorcycle helmets and other safety accessories to prevent fatal injuries. The impact of this driver on the motorcycle helmets market is projected to be high during the forecast period.
Asia Pacific Region to Dominate the Motorbike Helmets Market
Rise in demand for luxury motorbikes across the world and increasing popularity of motorcycle racing events & championships are the prime factors expected to create good growth opportunity for motorcycle helmets manufacturers. Sharp increase in demand for luxury motorbikes has created a large opportunity for helmet manufacturers across the world. The Asia Pacific region has seen an increase in sale of luxury motorbikes over the last few years. Additionally, the popularity of motorsports and national & international level racing championships is rapidly increasing across the world. Leading automobile manufacturers such as Honda, Suzuki, Ducati, Yamaha, and Repsol Honda play a vital role in the success of the sport through dealer promotion, advertising, and also by offering financial and technological support to teams, riders, and track operators.
Some of the major companies operating in the global motorcycle helmets market are profiled in this report and these include ARAI Helmets, Bell Helmet, Dainese S.p.A (AGV), Manufacturas Tomas SA, HJC Helmets, Nolan Helmets SpA, Schuberth GmbH, Shark Helmets, Shoei Co. Ltd., and Studds Accessories Ltd.
