Bicycle Helmet Market Size, Share, Industry Information By Type , By Application - Forecast till 2027

During the projected period of 2021-2028, the worldwide Bicycle Helmet Market is expected to grow at a CAGR of 5.35 percent, according to the bike helmet market analysis. By the end of the period in 2028, the market is expected to see the trend emerge and so achieve a final market value of USD 1.12 billion.

In different participating countries, there are different functional and safety rules for bike riders. During this time, the development of the bike helmet sector is likely to be driven by the existence of safety legislation and the emergence of laws relating to helmets. Furthermore, a significant increase in the number of motorcycles on the road has resulted to a high crash rate, which has harmed global sales.

Due to the imposed lockdowns, the introduction of the COVID-19 pandemic and its obnoxious outbreak has had an impact on the mushrooming economies and industries in numerous countries. Global governments are also enacting travel restrictions and prohibitions, as well as corporate closures. The bike helmet industry's developments are mostly influenced by demand from those who favour two-wheelers as a form of transportation.

The Bicycle Helmet Market sector is anticipated to see a large fall in the number of labourers in the respective manufacturing facilities as a result of severe lockout rules established by the majority of global governments of countries across the world.

The worldwide Bicycle Helmet Market is expected to expand because to the growing popularity of riding as a form of exercise to reduce obesity and enhance health. The lack of government limitations and severe laws on the usage of safety gear when riding bikes is credited with the establishment of the global industry. Growing environmental concerns are now being recognised as contributing to an increase in the number of bikers around the world.