The global cycling helmet market size is projected to experience dynamic growth in the forthcoming years owing to the increasing popularity of bicycles across the world, finds Fortune Business Insights™ in its report, titled “Cycling Helmet Market, 2021-2028”.
The cycling helmets have gained prominence across the world as these helmets act as a protective head gear for the rider of the bicycle and also prove useful during bad weather conditions and protection from the fatal injuries occurring due to the accidents. Thus, there is a high demand for cycling helmets across several regions owing to the rising popularity of bicycles around the world, which is anticipated to augment the growth of this market during the forecast period.
However, the lack of awareness about the safety features of cycling helmets among the world population is projected to impede the growth of this market.
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Market Segmentation:
On the basis of type, this market is classified into road helmet, sports helmet, MTB helmet, and others. By application, the market is divided into daily transportation, sports/adventure, and recreation. Based on end-user, the market is categorized into men and women. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Highlights/Summary:
The report provides a bird’s eye-view analysis of the industry trends and outlook, as well as supplies a meticulous study of all market segments. In addition, the report contains an in-depth assessment of the market drivers and challenges and also offers an exhaustive evaluation of the regional dynamics and competitive landscape of the market.
List of Key Players Covered in the Cycling Helmet Market Report:
Specialized Bicycle Components, SCOTT Sports SA, Trek Bicycle Corporation, Merida & Centurion Germany GmbH, Dorel Sports.
Drivers/Restraints:
Increasing Number of Cycling Tournaments Worldwide to Fuel the Market
Over the years, many countries have increased the production of bicycles owing to the high demand for bicycles from the majority of the world population. Further, there is a significant increase in the number of cycling tournaments worldwide such as Tour De France, and others, which is projected to drive the growth of this market.
Regional Insights:
Rising Number of Cycling Activities to Boost the European Market Growth
The European region is projected to witness substantial growth in the cycling helmet market share on account of the rising number of cycling activities in the countries such as the UK, Germany, France, and others.
North America region is anticipated to grow speedily in this market owing to the rising number of cycling championships in the countries such as the US and Canada.
Competitive Landscape:
Increasing Production of Innovative Cycling Helmets to Feed Competition
The prominent companies in the cycling helmet market are concentrating on increasing the production of innovative cycling helmets with different features such as LED indicator, water-resistance, and others in order to increase the sale of these helmets across several regions. This has resulted in the increasing competition among key companies which will help them to widen their business operations and broaden their market position.
Industry Development:
August 2020: Hexr announced the launch of its new voronoi bicycle helmet which is made in a parmetric design.
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