Global Bike Helmet Market Size Will Reach $858.31 Million in 2023

Global Bike Helmet Market Overview

According to Global Market Monitor, the global bike helmet market size will reach $858.31 million in 2023 with a CAGR of 3.71% from 2023 to 2028.

A bike helmet is designed to attenuate impacts to the head of a cyclist in falls. It can be divided into MTB helmets, road helmets, etc. and it is used in commuter & recreation and sports games.

The Increasing Frequency of Bicycle Trips is Driving the Demand for Bicycle Helmets.

Increasing traffic congestion and a shortage of parking spaces, especially in large cities, have prompted people to consider cycling short distances to save time. Bicycles are the first choice for short commutes because they save a lot of time compared to other vehicles. At the same time, governments around the world are actively promoting the necessary infrastructure construction to support bicycle commuting, thus encouraging people to choose bicycles. Meanwhile, more and more people regard cycling as a regular form of exercise, which is also one of the key drivers of the market.

The global bike helmet market is expected to witness a mild growth during the forecast period because of the increase in cycling numbers. Another factor that is driving the growth of the bike helmet market is the improvement of purchasing power.

Regional Market Status

North America dominated the bike helmet market in 2022, with a market share of 39.13%. Asia Pacific is the fastest-growing region with China, Japan, Australia, India, and South Korea being the biggest contributors.

Many countries have begun to hold many cycling events, the Asian cycling championships, for example, is an annual continental road cycling championship focusing on road cycling and track cycling and is designed for Asian cyclists selected by national governing bodies. The United States also has a large number of well-known cycle-riding championships, including Race Across America, the Iditarod Invitational, USA Cycling Elite BMX National Championships, and others. These open events will increase the popularity of biking activities and demand for bike helmets.

North America	North America dominated the market in 2022 with a market share of 39.13%.
Asia-Pacific	Asia Pacific is the fastest-growing region.
Europe	Europe holds a large market share.
South America	Potential market
Middle East & Africa	Potential market

Bicycle Helmet Industry Development Trend

Adding hot IP elements to the bike helmet so that it becomes fashionable is a new trend in the industry. Trendy bicycle helmets can stimulate consumers' desire to consume so that they pay for high-priced helmet products, such as Thai helmet manufacturer Bilmola and well-known IP cooperated to launch helmet products. At the same time, with the progress of science and technology, helmet products will develop in the direction of intelligence and upgrade into a multi-functional integrated helmet with the required functions.

To Get More Information about Bike Helmet，Please Click《China Bike Helmet Industry Market Research Report 2023-2029》。