What is Foldable Helmet Market?
People ride bicycles for leisure, sports, and commuting; It is therefore important to ensure driver safety in all areas. Bicycle helmets are important for driver protection. Storing the helmet when not in use is one of the reasons why some drivers do not wear head protection. A lightweight, collapsible helmet would help close this market niche so that the user can keep it in a pocket, briefcase, or bag. A foldable helmet can make it easier to carry, so users of folding motorbikes have always found it appealing. Users of shared bike programs want a collapsible helmet that they can put in a handbag or briefcase and pull out while riding. Studies have shown that wearing a bicycle helmet can reduce the risk of head and brain injuries by around 85%. With the increasing number of cyclists in areas where automobiles are traded, it is becoming increasingly important to protect drivers from possible injury or death. In addition to complying with laws that dictate the use of helmets, it is also important that a helmet meets the needs of the user. Helmets can be bulky and therefore hinder their use, as they cannot simply be stored in a backpack or desk drawer. A foldable solution could expand the helmet market to users looking for a low profile storage option and improve the percentage of cyclists with helmets on the road.
Highlights from Foldable Helmet Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Priority Bicycles (United States), Morpher (Vienna), Overade (France), Bicycles Orbit (United States), CARRERA (Austria), Weima (United States), Tuteng (China), Closca (Spain), FEND (United States) and Park and Diamond (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Foldable Helmet market throughout the forecasted period.
Priority Bicycles (United States), Morpher (Vienna), Overade (France), Bicycles Orbit (United States), CARRERA (Austria), Weima (United States), Tuteng (China), Closca (Spain), FEND (United States) and Park and Diamond (United States) are some of the key players profiled in the study. Foldable Helmet Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Road Cycling, Mountain Cycling and Others |
Type | Stack Folding Helmet, Flat Folding Helmet and Others |
Pricing Methods | Low Price,Medium Price,High Price |
Distribution Channel | Online,Offline |
Size | Small,Medium,Large |
On the basis of geography, the market of Foldable Helmet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Light Weight Riding Helmet and Increasing Government Regulations on the Use of Helmets
Market Growth Drivers:
Increasing Incidences of Road Accidents, Rising Awareness Regarding Road Safety, Enhanced Comfort, Safety, Durable and High Protection and The Increasing Number of Cycle Riders
Challenges:
Availability of Substitutes in the Market
Restraints:
Lack of Awareness about Foldable Helmets
Opportunities:
Technological Innovations in Design and Materials and Rising Investments in Research and Developments
Key Target Audience
Manufacturers of Foldable Helmet, Suppliers of Foldable Helmet, Wholesalers, Distributors, and Retailers of Foldable Helmet, Raw Material Suppliers, Furniture Fittings Importer/Exporter, End Users and Others