- The deepening penetration of technology across the helmet industry and the growing popularity of helmets may bring extensive growth prospects for the global helmet market across the forecast period of 2020-2030
- The global helmet market is prognosticated to expand at a CAGR of ~6 percent during the forecast period of 2020-2030
ALBANY, N.Y., Aug. 19, 2020 /PRNewswire/ -- The heightening sales of two-wheelers across the world may prove to be a great growth generator for the helmet market through the assessment period of 2020-2030. Helmets play an important role in sports for preventing head injuries. This factor may also bring expansive growth opportunities for the helmet market. In addition, the rapid increase in demand for smart helmets is also bringing considerable growth opportunities for the helmet market.
The researchers at Transparency Market Research (TMR) predict the global helmet market to expand at a CAGR of ~6 percent through the forecast period of 2020-2030.
Manufacturers in the helmet market are producing face shields to cater to the rising demand for face coverings on the grounds of the COVID-19 outbreak. This will lead to an increase in the growth rate of the helmet market. New helmet norms by the government may also bring expansive growth opportunities for the helmet market.
The TMR analysts point out the rising influence of technology in the helmet market. Technologically-advanced helmets will bring substantial growth opportunities for the helmet market according to the analysts. Next-gen helmets laced with features such as automatic emergency dialing numbers are assisting the manufacturers in the helmet market to gain global recognition according to the analysts.
Analyze global helmet market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Helmet Market: Major Revelations
The smart helmet segment may incur substantial growth across the forecast period
On the basis of the distribution channel, the online segment will contribute massively to the growth of the helmet market
China and India are major markets for helmets in Asia Pacific
Asia Pacific was the fastest-growing market for helmets in 2019 and will continue the same through this assessment period
Explore 237 pages of cutting-edge research, extensive insights, and detailed projections. Analyze and discover the latest developments in the Helmet Market (Type: Sports, Moto, and Safety; Category: Conventional Helmet, Smart Helmet, and Others; Gender: Male, and Female; Price: Low, Medium, and High; Design: Full Face, Open Face, and Half Face; and Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/helmet-market.html
Helmet Market: Growth Boosters
Road accidents have become a grave concern across the globe. For preventing injuries to delicate body parts like the brain, a helmet is necessary. Growing initiatives among various countries to promote helmet usage while traveling on a motorbike and the rising awareness about helmets across the populace may assist the helmet market in deriving good growth.
The entry of helmet manufacturers in the medical devices segment by producing face shields on the grounds of COVID-19 may help the helmet market to attract exponential growth
Stringent rules set by numerous governments regarding the use of helmets while commuting on a motorbike are bringing immense growth prospects for the helmet market
The surge in construction and sports activities around the world may bring good growth for the helmet market
How will India Emerge as Epicenter of Growth for Helmet Market?
Studds, a prominent player in the helmet market estimates that about 80 million people that commute on motorcycles or scooters every day still need helmets. These statistics display the need for helmets across the country. The current percentage of helmet usage in the country is 60 percent but has the potential to grow due to a plethora of factors. The compulsion of wearing a helmet across India may bring extensive growth for the helmet market.
The removal of weight restrictions on helmets in India by the Road Transport and Highways Ministry will allow the global manufacturers who could not meet the weight restrictions earlier to sell their products. This aspect may serve as a prominent growth generator for the helmet market. In addition, the authorities in Mumbai, a city in India have adopted smart helmets that can read the temperature of anyone in real-time, thus reducing the COVID-19 screening time. Such developments may bring heightened growth prospects for the helmet market.
Hair Dryer Market – The global hair dryer market would be largely driven by rise in awareness about personal grooming and growth in population, which has led to high adoption of hair styling tools globally, mainly in countries such as the U.S, Germany, China, and India. This is expected to boost the growth of the hair dryer market in the upcoming years.
Glass Tableware Market – The growth of the retail industry is a major factor driving the glass tableware products market. The trend of nuclear families is likely to increase the number of households. Surge in number of households coupled with rise in per capita income is expected to fuel demand for global glass tableware in the near future. Hence, rise in the number of small households is a major driver of the glass tableware market.
Water Free/Waterless Urinals Market – Increasing awareness about water-saving products has triggered the market growth for waterless urinals. Manufacturers in the water free/waterless urinals market are increasing their focus on the developing economies of Asia Pacific, as the alarming scarcity of water has created a surging demand for waterless urinals.
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.