Market Highlights
The increased reference for outdoor-basedactive lifestyles is estimated to promote the demand for the cycling helmet market. The market'sreport is efficiently analyzed as per MRFR, which provides outlooks for the
global markets. The market is anticipated to show a 5.35% CAGR by 2024.
The development of infrastructure forbicyclists in several regions is estimated to reinforce the cycling helmet market analysis progress inthe forecast period. The increased emphasis on ensuring safety standards for bicyclistsis foreseen to spur the cycling helmetmarket in the approaching period.
CompetitiveAnalysis
The activation of different avenues fordevelopment 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 cyclinghelmet 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)
SegmentalAnalysis
Thesegmental study of the cycling helmet market analysis is conducted on the basis of type,application and region. The application segment of the cycling helmetmarket 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 marketconsists of sports helmets, road helmets, aramid helmet market and MTB helmets.
RegionalOverview
Theregional study of the cycling helmet industry forecast consists of Europe,
Middle East, Asia Pacific, South America, Africa, and North America. The European cycling helmetmarket 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.
Industry Updates:
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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