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The Premium Motorcycle Helmets Market is segmented by Material Type (Fiber Glass, Carbon Fiber, and Plastics), Distribution Channel (Offline (Motorcycle Showrooms, Helmet Manufacturers Showrooms, and Aftermarket) and Online), End User (Commuters and Racers), and Geography. The report offers the market size and forecasts for Premium Motorcycle Helmets in value (USD million) for all the above segments.
Fastest Growing Market:
The premium motorcycle helmet market was valued at USD 701.46 million in 2020 and the market is projected to register a CAGR of about 6.81% during the forecast period, 2021-2026.
The market was negatively impacted by COVID-19 in 2020. The premium motorcycle helmets are for the limited customer base due to their high cost and association with the premium motorcycle users, the purchasing power of people affected due to world economic slowdown. The global pandemic has resulted in low sales of premium motorcycles across the world, which led to a decline in premium motorcycle helmet sales.
Few factors have helped in throttling the growth of the market, such as rising awareness of enhanced comfort and safety in consumers, the heightened popularity of owning a sports bike, and bespoke modifications in the aftermarket among the millennials, which also boosted the sales of premium helmets. An increase in the sales of premium motorcycles, especially in the Asia-Pacific region, and the end-users’ preference and awareness toward enhanced safety and comfort offered by premium helmets are some of the factors driving the growth of the market.
The premium motorcycle helmets have superior-quality materials such as carbon fiber, fiberglass, plastics, and synthetic fibers that provide high tensile strength and enhanced security. These helmets have high safety standards when compared to other regular helmets. The Premium Motorcycle Helmets Market is segmented by material type, distribution channel, end-user, and geography. By Material Type, the market is segmented into Fiber Glass, Carbon Fiber, and Plastics. By Distribution Channel, the market is segmented into Offline (Motorcycle Showroom, Helmet Manufacturing Showroom, and Aftermarket), and Online. By End-User the market is segmented into Commuters and Racers. The report also covers market sizes and forecasts for Premium Motorcycle Helmets in 4 different regions. For each segment market sizing and forecasts have been done on the basis of value (USD million)
|By End User|
|Rest of the World|
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According to the UNECE study on road accidents, motorcyclists are 26 times more likely to die in a traffic crash than drivers of passenger cars. Wearing an appropriate helmet improves their chances of survival by 42% and helps avoid 69% of injuries to riders.
A motorcycle crash may result in head injuries, through either direct contact with hard objects or as a result of excessive acceleration-deceleration. Most traumatic brain concussions are the result of closed head injuries when there is no open wound. The motorcycle helmet is designed to minimize the risks of all kinds of head injuries. Helmet standards and regulations have been developed to test the effectiveness of helmets in providing protection.
The motorcycle helmet safety regulators are involved in updating the safety standards for helmet manufacturers so that they are bound to provide the safest helmets to their customers and avoid any head injuries. For instance,
With the increasing cruising activities, like traveling using motorcycles to tourist spots and adventure rides, consumers are shifting their preference to premium quality helmets, as these offer higher safety and lower risk of head injuries during tours. With the factors mentioned above, it is expected that the demand for premium motorcycle helmets may grow during the foreseeable future.
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North America is the largest market worldwide because of the continuous rise in motorcycle sales. However, the Asia-Pacific region is poised to be the fastest-growing market during the forecasted period.
While COVID-19 leaves the future uncertain. However, after the gradual opening of economies and ease in lockdown measures the demand for motorcycles are picking up because of the change in consumer preference, as people are avoiding public transport and the developing nations in the region have been preferring motorcycles over other automobiles.
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The major players in the premium motorcycle helmets market are AGV (Subsidiary of Dainese), Shoei Co. Ltd, HJC Helmets, Bell Helmets, Arai Helmet Ltd, and Schuberth GmbH. As the demand is increasing, the companies have been launching new products and investing more in R&D projects for future growth. For instance,
The companies have also been making partnerships to deliver more advanced products. For instance, ARAI Helmets renewed its partnership with American Flat Track for 2019. With this development, the company has allied with AFT for the second consecutive year.
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 Force 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)
5.1 Material Type
5.1.1 Fiber Glass
5.1.2 Carbon Fiber
5.2 By End User
5.3 Distribution Channel
22.214.171.124 Motorcycle Showrooms
126.96.36.199 Helmet Manufacturer Showrooms
5.4.1 North America
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 AGV (Subsidiary of Dainese)
6.2.2 SHOEI Co. Ltd
6.2.3 Scuberth GmbH
6.2.4 Arai Helmet Ltd
6.2.5 HJC Helmets
6.2.6 Shark Helmets
6.2.7 Bell Helmets
6.2.8 Nolan Helmets
6.2.9 Locatelli SpA (Airoh Helmets)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS