The bicycle helmet market has seen substantial growth, increasing from $0.79 billion in 2023 to $0.85 billion in 2024, at a compound annual growth rate (CAGR) of 7%. This growth is driven by an increased focus on health and fitness, extensive media coverage emphasizing cycling safety, the rise of e-commerce, growing disposable incomes, and a preference for cycling over congested roads. The market is expected to grow to $1.12 billion by 2028, with a CAGR of 7.1%. Future growth will be fueled by heightened awareness of safety, stringent regulations mandating helmet use, an increasing number of cyclists, the expansion of urban areas, and the durability of modern helmets. Trends anticipated in the forecast period include innovations in helmet materials and designs, helmets with communication and navigation features, demand for personalized helmet designs, development of cycling infrastructure, and partnerships with bicycle manufacturers.
Global Bicycle Helmet Market Key Driver
The rising popularity of cycling is expected to propel the growth of the bicycle helmet market going forward. Cycling, the activity or sport of riding a bicycle for transportation, recreation, exercise, or competition, is increasing due to its health benefits, environmental friendliness, and growing infrastructure supporting bike travel. Bicycle helmets are essential for cycling to protect riders from head injuries in the event of accidents or falls. For instance, in August 2023, according to a report published by the Department for Transport, a UK-based ministerial department, people aged 40 to 49 exhibited high cycle ownership at 50%, closely followed by those aged 50 to 59 at 45%, consistent with the modal age for cycling activity in England. The pandemic saw an increase in pedal cycle ownership, with 47% of respondents owning or having access to a pedal cycle in both 2020 and 2021, bringing levels back to pre-pandemic trends. Therefore, the rising popularity of cycling is driving the growth of the bicycle helmet market.
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Global Bicycle Helmet Market Segments
The bicycle helmet market covered in this report is segmented –
1) By Type: Road Helmets, Sports Helmets, Mountain Bike Helmets
2) By Distribution Channel: Hypermarket And Supermarket, Sports Store, Online Channel, Other Distribution Channels
3) By Application: Sports Or Adventure, Daily Transportation
By Geography:The regions covered in the bicycle helmet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Europe was the largest region in the bicycle helmet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Bicycle Helmet Industry Players
Trek Bicycle Corporation, Abus Ltd., Uvex Safety Ltd., Specialized Bicycle Components Inc., Smith Optics, Fox Racing Inc., Orbea Sociedad Cooperativa, Leatt Corp., Bell Sports Inc., POC Sports, Liv Cycling, Troy Lee Designs, Schwinn Bikes, Scott Sports SA, Louis Garneau Sports Inc., BBB Cycling, Kali Protectives LLC, Triple 8, Bontrager Ltd., Lazer Helmets, Melon World GmbH, Giro, Bern Unlimited, MET Helmets, Catlike Sport Components
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Bicycle Helmet Market Overview
A bicycle helmet is a protective headgear worn by cyclists to reduce the risk of head injuries in case of accidents or falls while riding bicycles. These helmets are designed to absorb impact energy and protect the skull and brain from trauma. They typically consist of a hard-outer shell made from materials like polycarbonate or fiberglass, a liner usually made from expanded polystyrene (EPS) foam to cushion impacts, and sometimes additional comfort padding and ventilation openings for airflow.
Bicycle Helmet Global Market Report 2023 provides data on the global bicycle helmet market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The bicycle helmet market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
