Global Cycling Helmet Market By Revenue, Share, Demand & Forecast Till 2027

 Market Highlights

The Cycling Helmet Market is currently experiencing healthy growth of 5.35% CAGR. This market is expected to be worth 1,118.7 US Dollars by 2024. Cycling Helmets have many uses and this is what makes them so popular. For example, these helmets can make cyclists more visible to motorists. They can also protect cyclists against the potentially deadly impacts of bicycle crashes and collisions.

Cycle Helmets are a unique piece of protective equipment because they are specifically engineered to fit the human head. Therefore, one size really does fit all in terms of Cycle Helmets.

Key Players

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.

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Market Segmentation

The global cycling helmet market 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 2018. 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.

Based on application, the global cycling helmet market has been classified as daily transportation and sports/adventure. The daily transportation segment accounted for the larger market share in 2018. The increasing number of accidents and government mandates for the use of cycling helmets for on-road cyclers is driving the growth of this segment. However, the increasing popularity of adventure sports is expected to propel the growth of the sports/adventure segment in the coming years. Thus, the sports/adventure segment is projected to exhibit the higher CAGR during the forecast period.

Regional Outlook:

Geographically, the global cycling helmet market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Europe dominated the market, accounting for the largest share, in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 5.95% during the assessment period. The North American market accounted for the second-largest market share in 2018. The market in North America is estimated to reach USD 347.1 million by the end of 2024, with the US being the leading country-level market.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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