Industry Background:
The riding helmet market is expected to grow over the forecasted period owing to the introduction of numerous safety laws by key economies, increasing online sales and demand for lightweight products. Moreover, the increasing number of road accidents further driving the demand for riding helmet. According to the National Highway Traffic Safety Administration (NHTSA), in the United States in 34,436 motor vehicle crashes 37,461 people were killed. Also, 25,600 people were killed in road accidents in the European Union in 2016. Furthermore, increasing demand from the developing economies propelling market growth.
This growth is primarily driven by Increasing Incidences of Road Accidents and Introduction of Safety Laws by Government Regarding Road Traffic.
Globally, a noticeable market trend is evident Increasing Demand of Light Weight Riding Helmet
. Major Vendors, such as Shoei Safety Helmet Corp. (United States), Dainese S.p.A. (Italy), HJC Europe S.A.R.L (France), Arai Helmet Ltd (Japan), Schuberth GmbH (Germany), BELL HELME (United States), Troxel Helmets (United States), Ovation Riding (United States), IRH Helmets (United States), Uvex sports (Germany), KTM (Austria) and Charles Owen (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
15th May 2019, Steelbird launches SB-51 rally helmets in Indian Market. It is integrated with an extended mouthguard which acts as a protective shield for the microphone of the bluetooth device. and 21st October 2019, TVS launched a new range of official riding gear and apparel at Moto Soul 2019, in Goa. The helmets are ISI and ECE certified. It is made with a multi-density EPS liner.
Market Drivers
- Increasing Incidences of Road Accidents
- Introduction of Safety Laws by Government Regarding Road Traffic
Market Trend
- Increasing Demand of Light Weight Riding Helmet
- Increasing Number of Online Distributers
Restraints
- Lack of Awareness about Advanced Riding Helmets
Opportunities
Increasing Demand for Helmets with Head-Up Displays and Huge Growth Potential for Riding Helmet in Emerging Countries Especially In China and India
Challenges
Increasing Dominance of Local Manufacturers
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Riding Helmets Study Sheds Light on
The Riding Helmets Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Riding Helmets industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Riding Helmets industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.