Growth in Sports/Adventure Segment to Bolster the Market Growth of Cycling Helmet
Based on application, the sports/adventure segment is driving the market growth of cycling helmet. The adoption of cycling as a recreational sport and the rising inclination of people towards leisure activities to enhance physical and mental health is contributing to the steady growth of the market. Cycling helps increase cardiovascular fitness, muscle strength, and joint mobility, decrease stress levels, improve posture, strengthen bones, and reduce anxiety and depression. In addition, cycling activity is cost-effective and environmentally friendly, which is prompting many to take part in the sport, thereby augmenting the market growth of cycling helmets. In addition, the mass cycling events conducted by organisations worldwide to boost the physical activity of participants and greater social inclusion are playing a critical role in the development of the market.Europe to Account for a Substantial Market Share in the Market for Cycling Helmet
The rising production of cycles owing to the strong presence of industry players and the growing inclination towards cycles as a result of the shift towards sustainable modes of transport is boosting the demand for cycling helmets in Europe. In addition, the road cycling championships in Europe and the need for cycling helmets for a safe and enhanced cycling experience are contributing to the market growth of cycling helmet in the European region.Cycling Helmet Market Segmentation
A cycling helmet is a kind of helmet that is designed to reduce the impacts of accidents on the head of a cyclist. The helmet is light weighted with enough ventilation to provide comfort and regulate head temperature during intense cycling activity.Market Breakup by Type
- Road Helmets
- Sports Helmets
- MTB Helmets
Market Breakup by Application
- Daily Transportation
- Sports/Adventure
Market Breakup by Demographics
- Men
- Women
- Kids
Market Breakup by Sales Channel
- Online Channels
- Offline Channels
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Growing Adoption of Cycles to Drive the Market Growth of Cycling Helmet
The expansion of cycling networks worldwide is resulting in the growing adoption of cycling as a means of transport due to its cost-effectiveness and environmental friendliness, which is stimulating the market for cycling helmets. In addition, the increasing number of accidents and fatalities due to head injuries are providing impetus to the market. As per reports by the World Health Organisation in 2020, more than 60 per cent of the reported cycle-related deaths and long-term disabilities are caused by accidents with head injuries. Moreover, the rising cycling tournaments and the growing safety concerns are resulting in the market expansion. Also, the government initiatives to promote cycling for sustainable livelihoods, a better environment, and overall improvement in the quality of life are leading to the market expansion.Additionally, the regulations that make the use of cycling helmets mandatory and the efforts taken to promote helmets are fuelling the market development of cycling helmet. For instance, in 2023, the North Carolina Department of Transportation decided to take steps to distribute helmets to underprivileged students to reduce accidents among children. Further, the advancements in cycle helmet technology and the innovative designs of leading industry players are anticipated to propel the market for cycling helmets in the forecast period.
Key Industry Players in the Global Cycling Helmet Market
The report gives a detailed analysis of the following key players in the global cycling helmet market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Polisport Group
- Vista Outdoor Operations LLC
- Specialized Bicycle Components, Inc.
- UVEX WINTER HOLDING GmbH and Co. KG
- Trek Bicycle Corporation
- MET SPA
- Limar Srl
- Others
Table of Contents
Companies Mentioned
- Polisport Group
- Vista Outdoor Operations LLC
- Specialized Bicycle Components, Inc.
- UVEX WINTER HOLDING GmbH and Co. KG
- Trek Bicycle Corporation
- MET SPA
- Limar Srl