The Global Cycling Helmet Market is estimated
to be valued at USD 1,118.7 Million by 2024 and is expected to
register a CAGR of 5.35% during the forecast period. Cycling
helmets are personal protective equipment for the prevention of head injuries.
There are different types of helmets such as road, sports, and MTB helmets,
depending on the application.
Europe was the largest market for cycling helmets in 2018 and
the regional market is expected to maintain its dominance during the review
period. In Europe, the market in Italy is projected to exhibit the highest
growth rate of 7.46% during the forecast period. North America
held a significant market share and was the second-largest market for cycling
helmets in 2018. However, the Asia-Pacific market is projected to register the
highest CAGR during the forecast period. Increasing safety concerns regarding the
rising instances of road accidents is a key factor for market growth in this
region.
Cycling
Helmet Market Analysis
Segmental Analysis
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.
Market 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.
Regional Analysis
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.
Complete Report Details @ https://www.marketresearchfuture.com/reports/cycling-helmet-market-8200
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