Global Bicycle Helmet Market compound annual growth rate (CAGR) of 5.2%

 

Market Overview

The global bicycle helmet market was valued at USD 1.01 billion in 2023 and is expected to reach USD 1.52 billion by 2031, growing at a CAGR of 5.2% from 2024 to 2031. This growth is driven by rising awareness of road safety, the growing popularity of cycling as a sport and fitness activity, and technological advancements in helmet design and materials.

Market Segmentation

By Type

  • Road Helmets

  • Sports Helmets

  • Mountain Bike (MTB) Helmets

  • Commuter Helmets

  • Skate Helmets

  • BMX Helmets

  • Downhill Racing Helmets

By Application

  • Sports/Adventure

  • Daily Transportation

  • Recreational Mountain Biking

By Distribution Channel

  • Online

  • Offline

By End User

  • Men

  • Women

  • Children

Regional Insights

The market is geographically segmented into:

  • North America: United States, Canada, Mexico

  • Europe: Germany, United Kingdom, France, Spain, Italy, Netherlands, Belgium, Switzerland, Russia, Turkey, Rest of Europe

  • Asia-Pacific: China, Japan, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific

  • South America: Brazil, Argentina, Rest of South America

  • Middle East and Africa: South Africa, Saudi Arabia, United Arab Emirates, Egypt, Israel, Rest of Middle East and Africa

North America is expected to dominate the market due to growing cycling activities and strict safety regulations. Asia-Pacific is projected to grow significantly due to urbanization, increasing health awareness, and supportive government policies.

Key Market Drivers

  • Safety Awareness: Heightened concerns about traffic and road safety are boosting helmet use.

  • Recreational Cycling Trend: Increased adoption of cycling for leisure and fitness supports market growth.

  • Technological Advancements: New designs with enhanced safety, ventilation, and lightweight materials are attracting more users.

  • E-commerce Growth: Online platforms offer wide product availability and convenience, contributing to sales growth.

Key Market Players

Leading companies in the global bicycle helmet market include:

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