Helmet Market Expected to Surpass $15.2 Billion by 2030, Reports MarkWide Research
MarkWide Research, in its latest report titled, “Helmet Market,” anticipates significant growth in the global market for helmets, which serve as essential safety gear across various activities, including sports, motorcycle riding, and industrial work. The market is projected to exceed a valuation of $15.2 billion by 2030, with an estimated compounded annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2030. Helmets play a pivotal role in reducing the risk of head injuries and ensuring the safety of individuals engaged in diverse activities.
The helmet market is characterized by innovations in materials, design, and safety standards, driven by a growing emphasis on injury prevention.
Key Findings from the Report:
- Safety Regulations: Stringent safety regulations and standards are promoting the adoption of certified helmets in various sectors.
- Advanced Materials: The use of lightweight yet impact-resistant materials, such as carbon fiber and advanced polymers, is enhancing helmet design.
- Smart Helmets: Integration of technology, including communication systems and heads-up displays, is driving the development of smart helmets.
- Growing Awareness: Increasing awareness of the importance of helmet use in injury prevention is boosting market growth.
Segmentation of the Helmet Market:
The helmet market is segmented based on type, application, end-user, and region.
By Type:
- Motorcycle Helmets
- Bicycle Helmets
- Sports Helmets
- Industrial Helmets
- Others
By Application:
- Head Protection
- Eye and Face Protection
- Hearing Protection
- Respiratory Protection
By End-User:
- Individuals
- Industries
- Sports and Recreation
- Military and Defense
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Regional Insights:
- North America: North America is expected to lead the global helmet market, with a strong emphasis on safety regulations and a high prevalence of motorcycle riders and sports enthusiasts.
- Europe: Europe is witnessing growth in the market, driven by safety-conscious consumers and a focus on reducing head injuries in sports and industrial settings.
- Asia Pacific: The Asia Pacific region is poised for expansion, with increasing urbanization, rising disposable incomes, and a growing interest in recreational activities.
- Latin America and Middle East & Africa: These regions are experiencing growth as industrial safety standards improve and awareness of helmet use increases.
Competitive Landscape:
The helmet market features a wide range of manufacturers, including established companies and startups specializing in helmet design and production. Leading manufacturers are investing in research and development to create helmets that provide superior protection while ensuring comfort and style.
Some of the prominent players in the helmet market include:
- Bell Powersports (a division of Vista Outdoor)
- Shoei Co., Ltd.
- HJC Helmets
- Schuberth GmbH
- AGV (Amisano Gino Valenza)
- 3M Company
- MSA Safety Incorporated
- BRG Sports
- STI Holdings
- Nolan Group S.p.A.
Future Outlook:
The global helmet market is expected to continue its growth trajectory, with an estimated market size exceeding $15.2 billion by 2030. As safety awareness continues to rise across various sectors, helmets will remain an integral part of injury prevention strategies. MarkWide Research’s comprehensive report offers valuable insights into market trends, technological innovations, safety standards, and regional developments, making it an indispensable resource for individuals, industries, and organizations committed to safety and injury prevention.