Market Overview
The Global Cycling Helmet Market Analysis Forecast is estimated to be valued at USD 1,118.7 Million by 2027 and is expected to register a CAGR of 5.35% during the forecast period. Cycling helmets are personal protective equipment for the prevention of head injuries. There are different types of helmets such as road, sports, and MTB helmets, depending on the application.
Europe was the largest market for cycling helmets in 2018 and the regional market is expected to maintain its dominance during the review period. In Europe, the market in Italy is projected to exhibit the highest growth rate of 7.46% during the forecast period. North America held a significant market share and was the second-largest market for cycling helmets in 2021.
However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing safety concerns regarding the rising instances of road accidents is a key factor for market growth in this region.
Competitive Landscape
Market Research Future recognizes Polisport Plásticos SA (Portugal), Vista Outdoor Operations LLC (US), Specialized Bicycle Components (US), Dorel Sports (Canada), Uvex Sports (Germany), Trek Bicycle Corporation (US), MET-Helmets (Italy), Limar Srl (Italy), Orbea (Spain), SCOTT Sports SA. (Switzerland), and KASK S.p.a. (Italy), Merida & Centurion Germany GmbH (Germany), Giant Manufacturing Co., Ltd (China), Amer Sports (Finland), POC Sweden AB (Sweden), Urge Bike Products (France), and LAS helmets (Italy) as the key players in the global cycling helmet market.
Market Segmentation
The global Cycling Helmet Market Analysis Forecast has been segmented on the basis of type, application, and region.
By type, the market has been divided into road helmets, sports helmets, and MTB helmets. The road helmets segment accounted for the largest market share in 2021. Stringent regulations mandating the use of helmets in daily transportation in most countries have boosted the growth of the segment. Moreover, regulations for helmet manufacturers to offer lighter and safer products will drive the growth of the segment.
However, the sports helmets segment is projected to register the highest CAGR during the forecast period. The growing trend of sports activities, especially in developing countries, is driving the growth of the segment.
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Regional Analysis
Cycling Helmet Market Analysis Forecast by region reveals some interesting information. The Bike Helmet Market Size is greatest in the European Union. This region alone accounted for 36.35% of the total Bike Helmet Market share in 2021. Of the nations in this region, growth and demand are expected to be strongest in Italy. The CAGR there is projected to be 7.46% until at least the end of 2027.
The Asia- Pacific market shows the strongest growth with a high CAGR of 5.95% until at least the end of 2027. The main factors that are driving this growth are stricter government-imposed biking laws and growing awareness about the need for biking safety.
The North American region will experience decent CAGR until the end of 2027. The North American region has the highest market share of all regions in the world.
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