Global Premium Motorcycle Helmet Market Size By Type (Full Face Helmet, Open Face Helmet), By Helmet Material (Fiber Glass, Carbon Fiber), By Price Range (Below $500, $500-$1,000), By Sales Channels (Online, Offline), By End User (Commuters, Racers), By Technology (Conventional Premium Helmets, Smart Helmets), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Premium Motorcycle Helmet Market Size By Type (Full Face Helmet, Open Face Helmet), By Helmet Material (Fiber Glass, Carbon Fiber), By Price Range (Below $500, $500-$1,000), By Sales Channels (Online, Offline), By End User (Commuters, Racers), By Technology (Conventional Premium Helmets, Smart Helmets), By Geographic Scope And Forecast
Premium Motorcycle Helmet Market Size And Forecast
Premium Motorcycle Helmet Market size was valued at USD 876.45 Million in 2023 and is projected to reach USD 1,533.38 Million by 2030, at a CAGR of 8.30% from 2024 to 2030.
The rising number of road accidents is driving governments across the globe to mandate helmet usage, creating a significant driving force for the premium helmet industry. The Global Premium Motorcycle Helmet Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Premium Motorcycle Helmet Market Definition
A premium motorcycle helmet is top-of-the-line head protection gear developed exclusively for motorcycle riders who value safety, comfort, and innovative features. Premium motorcycle helmets fulfill or exceed the highest safety criteria imposed by regulatory authorities such as the DOT, the European Union’s ECE 22.05, and the Snell Memorial Foundation. They have been carefully tested for impact resistance, penetration resistance, and head protection in order to limit the danger of serious head injuries in the event of an accident. These helmets are made from innovative materials, such as lightweight and long-lasting composites like fiberglass, carbon fiber, or Kevlar.
These materials provide an excellent balance of strength and weight reduction. Premium helmets are noted for their unique and aerodynamic designs. The designs are meticulously designed to minimize wind resistance and offer stability at high speeds. This design can increase rider comfort and minimize fatigue on extended rides. Premium helmets prioritize rider comfort and include features such as adjustable padding, moisture-wicking lining, and customized sizing choices to ensure a snug and comfortable fit. A proper fit is critical for both safety and long-term comfort. Advanced visor technology is frequently seen in premium helmets.
This may feature anti-fog and anti-scratch coatings to improve visibility, quick-release mechanisms for convenient visor changes, and integrated sun visors for variable lighting situations. They have sophisticated ventilation systems that allow riders to adjust the airflow. This helps to control temperature, limit heat accumulation, and avoid visor fogging. Motorcycle enthusiasts, professional riders, and those who respect their safety and are prepared to spend in a helmet that provides the best levels of protection, comfort, and style should consider purchasing a premium motorcycle helmet. Riders looking for quality helmets should conduct extensive studies and choose a model that meets their unique riding demands and preferences.
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Global Premium Motorcycle Helmet Market Overview
Road traffic accidents have become a serious issue for many countries. It is one of the leading causes of death among children and young adults across the globe. As per the World Health Organization (WHO), around 1.2 million people die yearly due to traffic accidents, and many are wounded or disabled. Moreover, according to the National Highway Traffic Safety Administration (NHTSA), an agency of the U.S. federal government and part of the Department of Transportation, 5,579 motorcyclists died in 2020, and another 82,528 were injured. The most common causes of motorcycle accidents were speeding, distracted driving, alcohol, and drug impairment, and improper lane use. The rising number of road accidents is driving governments across the globe to mandate helmet usage, creating a significant driving force for the premium helmet industry.
Moreover, road traffic accidents have become a great challenge for government authorities in terms of efforts and finding sustainable solutions for effective prevention. As per the report published by the United Nations Motorcycle Helmet Study, between 2008 and 2020, approximately 3.3 million people died because of motorcycle accidents, of which around 1.4 million of these lives could have been saved by making proper use of helmets. Head injuries can occur in motorcycle accidents as a result of either direct collision with solid objects or excessive acceleration and deceleration. Most traumatic brain injuries occur in closed head injuries, meaning no visible wound exists. The motorcycle helmet is made to reduce the possibility of suffering any form of head trauma. Standards and guidelines for helmets have been created to measure how well they protect wearers.
In order to ensure that manufacturers of motorcycle helmets provide their consumers with the safest helmets possible and prevent any head injuries, motorcycle helmet safety regulators are actively involved in revising the industry’s safety standards. According to the UNECE study on road accidents, motorcyclists are 26 times more likely to die in a traffic crash than drivers of passenger cars. Wearing an appropriate helmet improves their chances of survival by 42% and helps avoid 69% of injuries to riders. In developed nations, bikes are essentially used for recreational activities, and thus more often owned in addition to a car. In developing countries, a motorcycle is more often the primary mode of transport. Bikes are gaining a stronghold in the commercial sector as well. They are mainly used for food delivery and delivery of e-commerce items. Also, after the lockdown, the demand for bikes has escalated substantially due to the bike-sharing business gaining traction.
In established countries, two-wheelers are mainly used for recreational happenings and therefore more often owned in addition to a car. Moreover, in developing nations, a motorcycle is generally used as a basic medium of transport. Bikes are reaching a stronghold in the commercial sector as well. They are primarily used for food delivery and delivery of e-commerce products. Relatively high production costs associated with designing advanced helmets are the key factors impeding this market’s growth. These devices incorporate night vision goggles, head-up screens, communication, and video camera units that are very expensive relative to other helmets. Moreover, hardware and software compatibility issues are significant factors restraining key manufacturers and software developers from launching efficient solutions. The lack of consumer awareness regarding road safety regulations, especially in rural areas may hamper the growth of the global market.
Moreover, the lack of government authorities to implement proper traffic regulations in the rural areas of developing and underdeveloped nations is a major factor that hampers the adoption of motorcycle helmets among consumers. This may adversely affect the market growth during the forecast period. Although safety is of utmost importance, the comfort of wearing a motorcycle helmet also plays a significant role in its demand. It is misinterpreted that helmets are uncomfortable to wear and this makes helmets an unpopular choice for several riders. The introduction of smart helmets to the global market has been made possible by technological advancements that enabled the integration of various features and functions into traditional helmet designs. Smart helmets include technologies including tracking tools, sensors, augmented reality, communication devices, and cameras. These technologies have the potential to improve user safety, efficiency, and experience in a variety of disciplines, including transportation, construction, sports, and entertainment
Global Premium Motorcycle Helmet MarketSegmentation Analysis
The Global Premium Motorcycle Helmet Market is segmented on the basis of Type, Helmet Material, Price Range, Sales Channels, End User, Technology, and Geography.
Premium Motorcycle Helmet Market, By Type
- Full Face Helmet
- Open Face Helmet
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Based on Type, The market is segmented into Full Face Helmet and Open Face Helmet. Full Face Helmet accounted for the largest market share in 2022 and is projected to grow at a CAGR of 8.48% during the forecast period. Driving a motorbike may be an exciting form of transportation and pleasure, but inherent dangers are involved. Wearing the appropriate protective gear is one of the most essential parts of motorcycle safety, with the full-face helmet standing out as a pillar of rider safety. Full-face helmets are specialized gear manufactured exclusively for motorcycle riders.
The exterior shell of a full-face helmet is frequently composed of strong and impact-resistant material, including fiberglass, carbon fiber, or polycarbonate. This shell, which serves as the first line of defense against hostile forces, is designed to distribute impact energy uniformly throughout its surface. Full-face helmets are made to safeguard the rider’s head and face with maximum protection. Full-face helmets offer protection from a wider variety of potential injuries than closed-face or half-helmets since they entirely encircle the head, including the chin and jawline. In the event of an accident, the rider’s face is shielded from blows, flying debris, and road rash, which can be essential for preventing serious injuries
Premium Motorcycle Helmet Market, By Helmet Material
- Fiber Glass
- Carbon Fiber
- Plastic/ Polycarbonate
Based on Helmet Material, The market is segmented into Fiber Glass, Carbon Fiber, and Plastic/ Polycarbonate. Carbon Fiber accounted for the largest market share in 2022 and is projected to grow at a CAGR of 9.86% during the forecast period. Carbon fiber fabric is favored because of its durability and low weight. The resin that binds the carbon fibers together and affects the end helmet’s durability and appearance is equally significant. The helmet is built using the proper configuration of layers of carbon fiber fabric, giving it the necessary strength and impact resistance. The carbon fiber sheets are piled, and resin thoroughly absorbs the fibers before inserting them into a mold. The resin is then cured at a specific temperature and pressure before being hardened in the mold. A carbon fiber shell is padded with a comfortable lining and cushioning made of EPS foam and other materials. These components improve comfort while also increasing impact absorption.
Premium Motorcycle Helmet Market, By Price Range
- Below $500
- $500-$1,000
- $1,000 – $1,500
- $1,500-$2,000
- Above $2,000
Based on Price Range, The market is segmented into Below $500, $500-$1,000, $1,000 – $1,500, $1,500-$2,000, and Above $2,000. $500 – $1000 accounted for the largest market share in 2022 and is projected to grow at a CAGR of 8.59% during the forecast period. More costly helmets usually incorporate innovative composites like carbon fiber, which can provide superior strength-to-weight ratios and increased safety. While often more costly, helmets from well-known, reputable companies have a history of dependability and consumer confidence. Choosing a $500 and a $1000 helmet concerns personal preferences, needs, and budgetary limitations. While more expensive options provide additional benefits to those willing to pay, less expensive options can give many users sufficient safety and comfort.
Premium Motorcycle Helmet Market, By Sales Channels
- Online
- Offline
Based on Sales Channels, The market is segmented into Online and Offline. Offline accounted for the largest market share in 2022 and is projected to grow at a CAGR of 8.02% during the forecast period. The motorcycle helmet industry has experienced tremendous internet growth, and offline distribution channels continue to play a vital role in the industry. These channels provide unique advantages that cater to a specific client base and give opportunities for manufacturers and retailers to strengthen links with their target market. Premium motorcycle helmet manufacturers may access an extensive client base through offline distribution channels that may not be well-represented online. Some of these avenues include physical stores, dealer showrooms, Helmet manufacturer’s showrooms, and motorcycle events. Manufacturers may display their products to various potential clients, from experienced riders to beginners, all in one place by participating in these offline events. Because of the variety of customers, there is more possibility for brand exposure and for segment-specific marketing.
Premium Motorcycle Helmet Market, By End User
- Commuters
- Racers
Based on End User, The market is segmented into Commuters and Racers. Commuters accounted for the largest market share in 2022 and is projected to grow at a CAGR of 7.64% during the forecast period. For commuters who use motorcycles as their primary source of transportation, high-quality motorcycle helmets are essential. Motorbike commuters prioritize safety since they often manage traffic and various road conditions. High-end motorcycle helmets have complex safety components such as high-impact shell materials, multiple-density EPS liners, and MIPS technology (Multi-Directional Impact Protection System). These qualities offer enhanced protection by lowering the possibility of brain injury during accidents. Riders may feel confident knowing that their expensive helmets provide an additional layer of safety.
Premium Motorcycle Helmet Market, By Technology
- Conventional Premium Helmets
- Smart Helmets
Based on Technology, The market is segmented into Conventional Premium Helmets and Smart Helmets. Conventional Premium Helmets accounted for the largest market share in 2022 and is projected to grow at a CAGR of 7.06% during the forecast period. Conventional premium helmets, sometimes referred to as traditional or full-face helmets, have been essential for decades in ensuring the safety and protection of motorcycle riders. The primary objective of a helmet is to safeguard the rider’s head in the event of an accident. Traditional premium helmets excel in this aspect by offering complete head covering, including the face and chin. In the case of a collision, the danger of severe head injuries, such as skull fractures, concussions, or facial injuries, is significantly decreased by this all-encompassing protection. Advanced materials and technology are frequently used in high-end helmets to absorb and disperse impact energy efficiently.
Premium Motorcycle Helmet Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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On the basis of Geography, The Global Premium Motorcycle Helmet Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe accounted for the largest market share in 2022 and is projected to grow at a CAGR of 8.12% during the forecast period. During the predicted period, Europe is expected to have the highest growth rate. Europe is expected to have the highest CAGR in the worldwide market during the forecast period. The premium motorcycle helmet market in Europe is predicted to grow in the future years, owing to an increase in the number of cyclists in the region.
Furthermore, the region’s growing transportation sector is expected to gain traction, bolstered by increased e-commerce and retail stores that have boosted online deliveries; as a result, the purchase of two-wheelers is one of the factors expected to instigate the deployment of helmets, which is expected to augment the growth of the Europe premium motorcycle helmet market in the coming years. Germany is a significant market for motorcycles and motorcycle accessories, such as helmets. The country has a robust motorbike culture, with many riders and enthusiasts taking to the roads and highways all year. All motorcycle riders and passengers in Germany are required to wear helmets, which has led to the rise of the premium motorcycle helmet industry. The premium motorcycle helmet market in Germany is also pushed by technological advancements, with many manufacturers spending in R&D to build safer and more comfortable helmets for riders. This includes sophisticated ventilation systems, noise reduction, and advanced impact protection, among other things.
Key Players
The “Global Premium Motorcycle Helmet Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market include Bell Racing Helmets, Schuberth Gmbh, Ogk Kabuto, SHOEI CO., LTD., SUOMY Motosport s.r.l., HJC HELMETS, AGV, Arai Helmet (Europe) B.V., Shark SAS, LS2 Helmets, Nolangroup S.p.A., and Airoh.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Report Scope
Report Attributes | Details |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Million) |
Key Companies Profiled | Bell Racing Helmets, Schuberth Gmbh, Ogk Kabuto, SHOEI CO., LTD., SUOMY Motosport s.r.l., HJC HELMETS, AGV, Arai Helmet (Europe) B.V. |
SEGMENTS COVERED | By Type, By Helmet Material, By Price Range, By Sales Channels, By End User, By Technology, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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