The global bike helmet market will grow at a CAGR of 5.35%
during the forecast period. The market for bike helmet is set to reach US$1.12
billion by 2024. As per bike helmet market analysts, the global market is
anticipated to witness growth owing to the factors such as the growing demand
for safety bike equipment as well as the existence of safety legislation and
laws. However, the market will face challenges and restraints due to concerns
regarding counterfeit products and an unorganized retail sector during the
forecast period.
The increasing number of bikes on the road in the market will
support the growth. As per market analysts, the bike helmet market-based
companies will face certain challenges during the forecast period. The market
research report provides in-depth analysis of the type, application and region
segments. The research report presents factors such as the high initial price
that could slow down the market's growth.
Market Segmentation
The market report offers comprehensive study of the segments
including type, application and region. The analysts have also studied the
market's spread across the regional market at country levels. The type,
application and region segments spread across the bike helmet market along with
the subsegments are studied. The global market for bike helmet is spread across
various product and service based segments. The market research report
highlights these key segments and offers forecasts based on primary and
secondary data. The global market research report presents key company profiles
of organizations active across the market.
Regional Overview
The lack of knowledge of cycling may hinder the market growth.
The market research report suggests that companies in the market could be
supported by laws relating to helmets as well as the rising trend of cycling as
a means of exercise during the forecast period. The market is set to register
growth at a high CAGR owing to these key factors. The market is spread across
North America, Europe, Asia-Pacific, and other parts of the world. As per
market analysts, the market is set to witness tremendous growth across type,
application and region segments. The global market’s North American region
covers markets across the United States, Mexico, Canada, and others. Businesses
present in the market are also profiled and their strategies have been
presented in detail in the bike helmet market research report.
Industry News
The Belgian helmet brand Lazer Sport NV has been approved by
Shimano Europe. On Thursday, the corporations accepted the offer. The
acquisition is due to close in the second half of this year, according to
Shimano after approval from authorities. Established in 1919, Lazer claims to
be the oldest helmet manufacturer in the world. In addition to motorcycle
helmets, winter sports helmets are offered, which are available in more than 50
countries. Sean van Waes and Pierre Steenwegen will remain in the Lazer Board
of Directors. Lazer owners Shimano said that all workers at Lazer's Antwerp
base would remain with the group.
Complete Report Details @ https://www.marketresearchfuture.com/reports/bike-helmet-market-8022
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