Global Bike Helmet Market to Reach US$813.89 mn by 2025 as Number of Riders Rise

Publisher: QYResearch
Published Date: 2019/8/1

The rise in the number of road accidents has shed light on vehicular safety in the recent years. Helmets have become an important part of the motorcycle sales as they prevent head injuries. Increasing disposable income, which is contributing to bike or motorcycle sales, growing number of riders, addition of female riders, and improving purchasing power in the emerging economies has given a significant impetus to the global bike helmet market. Additionally, participation in riding events has also led to uptake of bike helmets. Stringent norms pertaining to road safety, especially in developed parts of the world, are also projected to bode well for the bike helmet market.

On the flip side, lack of awareness and importance about the benefits of helmets amongst lower-income groups is expected to hamper the market.

According to the research report, the global bike helmet market is estimated to be worth US$813.89 mn by the end of 2025 from US$681.66 mn in 2018. During the forecast years of 2019 and 2025, the global bike helmet market is projected to register a CAGR of 2.38%.

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https://www.qyresearch.com/index/detail/1220698/global-bike-helmet-market
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