Motorcycle Connected Helmet Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 4% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Motorcycle Connected Helmet Market was valued at more than USD xx million in 2020 and is expected to grow at a CAGR of around 4% from 2022-2028. The analysis has been segmented into Application (Freestanding and Embedded); Distribution Channel (Online and offline,); Region/Country.
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The Motorcycle Connected Helmet market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Motorcycle Connected Helmet market. The motorcycle connected helmet market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the motorcycle connected helmet market at the global and regional levels.
Market Overview
Global Motorcycle Connected Helmet is expected to grow at a significant rate of around 4% during the forecast period. Motorcycle helmets are considered essential safety gear by many motorcycle riders. Helmets must use equipment for the safety and advanced features of connected helmets make it very reliable. Furthermore, many manufacturers of motorcycle helmets have been coming up with high-end features to encourage consumers to wear a helmet. Increasing number of motorbikes and sports bike enthusiasts, increasing cases of accidents, and technological advancement are the key factors driving the growth of the market. For instance, in January 2020, Tali Helmet launched CES 2020. The helmet is ringed by color-changing LEDs for improved visibility, with functions including a rear-mounted brake light and turn signals. Paired via Bluetooth with your smart phone, the Tali can not only play music, take phone calls or read off navigation instructions, it can automatically place a call to emergency services when a fall or accident is detected.
Factors such as an increasing demand of safe and advanced helmets, rising death rate due to faulty helmets. For instance, Ministry of Road Transport and Highways, more than a third (37%) of those killed in road accidents in 2019 were two-wheeler riders, more crashes and deaths are resulting from faulty licensing laws, no training, poor roads, and unsafe helmets
Some of the major players operating in the market include Bayerische Motoren Werke AG, BITwave Pte. Ltd, Dainese S.p.A, Visa Outdoor Operations LLC, HJC Helmets, UCLEAR Digital, AIROH, Shelliostech, Reevu America, and Schuberth GmbH.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. During the pandemic everything was under restrictions like travelling, import and export, production, and sales of units, which in turns disrupted the market and done a negative impact on the growth of the market.
The global Motorcycle Connected Helmet market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on application, the market is segmented into freestanding and embedded. Embedded category to witness a significant share of the market in 2020. Embedded helmets provide safety, ease of communication, GPS, send and receive texts, which in turns helps the rider to get undisturbed during riding and maintain the safe and secure drive. Hence, these are the factors driving the growth of the market.
· Based on distribution channel, the market is categorized into online and offline. Among these, the online segment is expected to hold higher CAGR during the forecast period owing to the increasing use of mobile phones for shopping, having advanced payment methods, and making transactions secure and simple. Thus, the expansion of online sales channel is expected to bolster the market growth.
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Motorcycle Connected Helmet Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
APAC is anticipated to grow at a substantial CAGR during the forecast period. The Chinese motorcycle helmet market has evolved and accounted for a significant market share of the market. Efforts to reduce the usage of petrol-based two-wheelers and control pollution in some of the major cities have resulted in a decline in motorcycles in the country. However, demand for helmets has been on the rise due to the growth of electric two-wheelers.
India is the fastest-growing market for motorcycle helmets in the Asia Pacific owing to many two-wheeler buyers in the country. The growth of the helmet industry is not only led by commuter motorcycles but even by the larger and more expensive two-wheelers. Further, the development of infrastructure in rural areas is also driving the sale of two-wheelers, and in turn, is anticipated to boost demand for helmets. Governments around the world are taking the required steps for avoiding the increasing number of deaths caused by road accidents. For instance, the Indian government has enacted legislation on the use of helmets in second and third-tier cities to ensure traffic safety.
The major players targeting the market include
· Bayerische Motoren Werke AG
· BITwave Pte. Ltd.
· Dainese S.p.A
· Visa Outdoor Operations LLC.
· HJC Helmets
· UCLEAR Digital.
· AIROH
· Shelliostech
· Reevu America
· Schuberth GmbH
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Motorcycle Connected Helmet market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Motorcycle Connected Helmet market?
• Which factors are influencing the motorcycle connected helmet market over the forecast period?
• What are the global challenges, threats, and risks in the motorcycle connected helmet market?
• Which factors are propelling and restraining the motorcycle connected helmet market?
• What are the demanding global regions of the motorcycle connected helmet market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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