Global Bicycle Safety Gear Market Overview:
In the era of post covid situation many fitness enthusiasts sifted to Bicycling as an alternative to closed Gyms and to maintain social distancing norms. Road riding, time trailing, cyclo-cross, mountain biking, street cycling, BMX, and cycle speedway are some of the different types of bicycle racing. Artistic riding, cycle polo, freestyle BMX, and mountain bike trials are examples of non-racing cycling events. However, all the cycling activities involves exposure to surrounding risks, bicycle safety gears provide effective protection from any uncertain risk to a rider. Bicycle Safety Gear includes components responsible to cover specific body parts viz. Head, Elbow, Eyes among the others. Factors such as rising safety awareness and growing demand for bicycles has facilitated demand for bicycle safety gear market which id expected to further grow. Some of the players profiled in the study are Melon World GmbH (Germany), TSG (Switzerland), Atlas Helmets (Sweden), Aurora Sports Limited (China), Bell Sports Inc (United States), Hopus Technology (Taiwan), Briko Racing (United States), Mongoose (United States), Casco International GmbH (Germany), Co-Union Industry Co. Ltd (Taiwan) and Lumos (United States).
On the basis of geography, the market of Bicycle Safety Gear 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). If we see Market by Distribution Channel, the sub-segment i.e. Offline will boost the Bicycle Safety Gear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Leather will boost the Bicycle Safety Gear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Male will boost the Bicycle Safety Gear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Fitness Awareness facilitated Demand for Cycles
- Increasing member of Bicycle Users in Europe
- Rising Safety Awareness
Influencing Trend
- Technological Innovation in Bicycle Safety Gear Design
Restraints
- Discomfort in Riding
- Lack of Regulations
Opportunities
- Low Penetration in Asian Region
- Demand for Sustainable Alternatives to Motor Bikes
Challenges
- Raw Material Price Fluctuation
- Market Penetration
Key Market Developments:
On 9th April, 2021 - Holding company Eldridge Industries Announced its Acquisition of G-Form (Bicycle Protective Gear Company), this Acquisition is Aimed to Expand G-Form’s Product Offering Across Mountain Biking, Skiing, And Snowboarding, In Addition to Several Team Sports.
On 2nd January, 2020 - LIVALL Introduced their Latest Smartphone-Connected Cycling Safety Helmet “LIVALL BH51M Neo” at 2020 International CES. LIVALL BH51M Neo helmet is A Quantum Leap Forward in Safety and Security for Cyclists, With Smart Lighting, Hands-Free Operation, Fall Prevention, Voice Navigation, SOS Warning, And More. and On 7th February, 2021 - TSG Launched its Summer '21 Helmets, Bicycle Protection Gear, Gloves & Apparel. This New Range of Gear Is Designed and Engineered to Provide Style, Comfort, Design, Technology And, Above All, Safety to Its Users.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Target Audience:
Bicycle Safety Gear Manufactures, New Entrants and Investors, Bicycle Safety Gear Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Bicycle Safety Gear market on the basis of product [Helmet, Eyewear, Guards or Caps, Gloves (Arm, Elbow, Knee, Ear) and Others] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Bicycle Safety Gear market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Bicycle Safety Gear industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Rockgeist (United States), Raidagears (India) and B'Twin (Decathlon) (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Bicycle Safety Gear market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.