What is the growth rate of the global cycling helmet market?
The increased reference for outdoor-based active lifestyles is estimated to promote the demand for the cycling helmet market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is anticipated to show a 3.2 % CAGR by 2030.
The development of infrastructure for bicyclists in several regions is estimated to reinforce the cycling helmet market analysis progress in the forecast period. The increased emphasis on ensuring safety standards for bicyclists is foreseen to spur the cycling helmet market in the approaching period.
The activation of different avenues for development is estimated to kickstart the market development. The competition in the market is estimated to spur innovation in the market leading to the introduction of new products in the market. The swift changes in consumer preferences are predicted to motivate global market advancement. The focus on sustainability is also assessed to influence the long-term expansion of the market significantly. The favorable influence of global administration is estimated to promote global trade in the market. The discovery of new markets is likely further to enhance the chances for success in the forthcoming period. The upgrades in delivery strategies are anticipated to further boost the market progress in the near future. The foray of digitization-based strategies into operation management and forecasting is predicted to transform the global market in the forecast duration. The investment by market players towards developing the future potential for progress is likely to open up market potential. The establishment of strong research and development protocols is estimated to benefit the market in multiple ways in the future.
The outstanding companies in the cycling helmet market are Vista Outdoor Operations LLC (US), Orbea (Spain), Giant Manufacturing Co., Ltd (China), Specialized Bicycle Components (US), Dorel Sports (Canada), Polisport Plásticos SA (Portugal), Uvex Sports (Germany), Urge Bike Products (France), Trek Bicycle Corporation (US), Limar Srl (Italy), MET-Helmets (Italy), SCOTT Sports SA. (Switzerland), KASK S.p.a. (Italy), Merida & Centurion Germany GmbH (Germany), Amer Sports (Finland), POC Sweden AB (Sweden), and LAS helmets (Italy)
The segmental study of the cycling helmet market analysis is conducted on the basis of type, application and region. The application segment of the cycling helmet market consists of sports/adventure and daily transportation. The region segment of the cycling helmet market consists of Europe, Middle East, Asia Pacific, South America, Africa, and North America. The type segment of the cycling helmet market consists of sports helmets, road helmets, aramid helmet market and MTB helmets.
The regional study of the cycling helmet industry forecast consists of Europe, Middle East, Asia Pacific, South America, Africa, and North America. The European cycling helmet market was the major market for cycling helmets in 2018, and the regional market is projected to uphold its authority during the forecast period. In the region of Europe, the cycling helmet market in Italy is projected to show the uppermost growth rate of 7.46% all through the forecast period. The North American cycling helmet market analysis held a noteworthy market portion and was the second principal market for cycling helmets in 2018. The Asia Pacific cycling helmet market forecast is projected to list the highest CAGR throughout the forecast period. The growing safety concerns concerning the rising instances of road accidents are an important factor in this region's cycling helmet market growth.
May 2021 LIVALL, the world's primary smart and safe cycling helmet brand, has taken the cycling world after presenting its novel EVO21 Smart Helmet on Indiegogo. Since being launched on the crowdfunding platform on May 13, the EVO21 Smart Helmet has drawn 1615 backers, with the financial backing of over USD 207,124. Vivid, lighter and safer than any other head covering on the market, the iF Gold-awarded EVO21 Smart Helmet presents unmatched active safety for cyclists on the road, aiding them to prevent collisions before they happen.
Dec 2020 Hexr, a Custom helmet brand, has introduced a novel smartphone app that lets customers 3D scan their heads at home before getting their bespoke helmet finished. The newest means in Machine Vision to take over 250,000 data points of a customer's head shape, delivers 600 million people globally access to its custom-made helmets, which it also asserts are 26% more likely to decrease brain injury than a normal foam helmet thanks to a cellular assembly. As soon as customers place their order, Hexr delivers a special fitting cap with a metal tag at the anterior, which the app senses and uses for adjustment. A luminous dome then materializes around the head, which is slowly 'painted' green by the individual working the app, who moves the smartphone about the cap wearer's head up until the whole dome is green.
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