China Premium Motorcycle Helmet Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.49 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Premium Motorcycle Helmet Market Analysis
The China Premium Motorcycle Helmet Market was valued at USD 104.10 Million and is projected to grow to USD 176.35 Million after five years, registering a CAGR of 4.49% in revenue during the forecast period.
The COVID-19 pandemic hindered the growth of the automotive industry across China in the year 2020. Several manufacturing industries were closed. The supply chain management and distribution channels were disrupted due to a shortage of raw materials. However, the automotive industry is now recovering from the losses and paving the way to introduce quality products to cater to rising consumer demand across the country.
The rising popularity of premium motorcycles among the young generation across the country will likely increase the demand for helmets during the forecast period. The rising trend towards motorcycle leagues across the country will likely witness significant demand for helmets.
China's premium motorcycle helmet market is expected to grow steadily by 2025. Factors such as an increase in the sale of premium motorcycles in the country, and the end-users preference and awareness toward enhanced safety and comfort offered by premium helmets, are driving the market.
Since China is the most populated country in the world, where investments in public transportation may not suffice for mobility requirements, the country depends on mopeds, scooters, and motorcycles. Although the development of the motorcycle industry in the country began comparatively late (motorcycles were not widespread until the 1950s), presently, China is one of the largest motorcycle-producing countries in the world. The increasing demand from both domestic and international markets drives the increase in motorcycle production.
China Premium Motorcycle Helmet Market Trends
This section covers the major market trends shaping the China Premium Motorcycle Helmet Market according to our research experts:
Increasing Demand for Racer Premium Motorcycle Helmets
The sales of premium motorcycles have also been increasing in China despite stringent regulations and bans on two-wheelers for a few years. There are laws in many cities in China that restrict the use of two-wheelers on city roads.
Despite rules constraining the use of motorcycles, the sale of two-wheelers in the country has recorded an increase. Among the numbers, most two-wheeler vehicles imported into the country were premium motorcycles with engine displacements over 800cc.
Several premium motorcycle manufacturers are introducing their models across the country, which is likely to witness major growth in the market. For instance,
- In April 2022, Lifan Group launched a new cruiser, K19, in China. K19 is equipped with an NBF () 150cc water-cooled engine with a maximum power of 10kW (8500 r / min). Within two months of launch, K19 witnessed 3000 sales in the country.
Chinese motorcycles are exported to other regions from Asia, such as Africa, the Middle East, South America, and even the United States. However, acceptance of Chinese motorcycle sales in the United States is low. Although Chinese motorcycles are less costly than those manufactured in Europe and North America, Chinese motorcycles are smaller and lighter.
Supportive government regulations in the Market
According to the China Bicycle Association, there are around 200 motorcycle manufacturers in China and about 250 million electric bikes on Chinese roads, and about 38 million in Jiangsu. According to that, any vehicle with a speed limit of 25 km/h will be considered a bicycle, is not liable to registration or licensing, and does not require helmets. China's electric motorcycle market is marked by many local companies producing electric motorcycles and mopeds for the local market.
In 2020, the Chinese Ministry of Public Security (MPS) launched a new campaign, "one helmet, one belt," which will come into effect in June. Under this law government has mandated scooter riders to wear helmets and for car drivers to fasten their seatbelts.
In addition, there is an increase in interest in sports bikes in the country, which has an approximate cost of USD 20,000, which includes a luxury tax of almost the bike's value. These bikes are mostly owned by people living away from the motorcycle-restricted zones, mostly in small towns, because of the low stringency in-laws and regulations governing motorcycles.
With the increasing demand for bikes over 600 ccs, Chinese manufacturers are also trying to develop and promote these bikes. In light of all these events, the demand for superbikes is also expected to increase over the forecast period, which is, in turn, boosting the market for premium motorcycle helmets.
China Premium Motorcycle Helmet Industry Overview
The china premium motorcycle helmet market is consolidated in some prominent companies: SHOEI, Dainese, and Arai. Companies are collaborating with other market participants and launching new products to stay ahead of the competition. For instance,
- In March 2022, Carlyle acquired Dainese Group, a global leader in the design and manufacturing of protective equipment for motorcycling and dynamic sports. Through this acquisition, the company expanded its product portfolio across the country.
China Premium Motorcycle Helmet Market Leaders
AGV
Shoei Co. Ltd
Arai Helmet Ltd
Shark Helmets
LS2 Helmets
*Disclaimer: Major Players sorted in no particular order
China Premium Motorcycle Helmet Market News
- April 2022: Schuberth introduced the next-generation E2 flip-up adventure helmet. The E2 has a two-position adjustable top vent and a newly enlarged spoiler featuring an air extractor to ensure optimal airflow when riding in the most challenging conditions.
- May 2022: Sena Technologies Inc. launched two all-new smart helmets with SOUND BY Harman Kardon, the Impulse modular smart helmet and Stryker full-face helmet.
China Premium Motorcycle Helmet Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION ( Market Size by Value- USD Million)
5.1 By Material Type
5.1.1 Fiber Glass
5.1.2 Plastics
5.1.3 Other Material Types
5.2 By Distribution Channel Type
5.2.1 Offline
5.2.2 Online
5.3 By End User Type
5.3.1 Commuters
5.3.2 Racers
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 AGV
6.2.2 Shoei Co. Ltd
6.2.3 Arai Helmet Ltd
6.2.4 Shark Helmets
6.2.5 LS2 Helmets
6.2.6 SPIRIT (HK) Sports Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Premium Motorcycle Helmet Industry Segmentation
Motorcycle helmets are designed to protect the rider's head. They are highly effective in protecting motorcyclists' heads. Helmets reduce deaths and serious head injuries, including traumatic brain injury, in motorcycle crashes.
The China Premium Motorcycle Helmet Market is segmented by Material Type (Fiber Glass, Plastics, and Other Material Types), Distribution Channel (Offline and Online), and End User (Commuters and Racers).
| By Material Type | |
| Fiber Glass | |
| Plastics | |
| Other Material Types |
| By Distribution Channel Type | |
| Offline | |
| Online |
| By End User Type | |
| Commuters | |
| Racers |
China Premium Motorcycle Helmet Market Research FAQs
What is the current China Premium Motorcycle Helmet Market size?
The China Premium Motorcycle Helmet Market is projected to register a CAGR of 4.49% during the forecast period (2024-2029)
Who are the key players in China Premium Motorcycle Helmet Market?
AGV, Shoei Co. Ltd, Arai Helmet Ltd, Shark Helmets and LS2 Helmets are the major companies operating in the China Premium Motorcycle Helmet Market.
What years does this China Premium Motorcycle Helmet Market cover?
The report covers the China Premium Motorcycle Helmet Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Premium Motorcycle Helmet Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Premium Motorcycle Helmet Industry Report
Statistics for the 2024 China Premium Motorcycle Helmet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Premium Motorcycle Helmet analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
