Worldwide Motorcycle Helmets Industry to 2027 - Impact of COVID-19 on the Market
Dublin, July 16, 2020 (GLOBE NEWSWIRE) -- The "Motorcycle Helmets - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Motorcycle Helmets estimated at US$3.3 Billion in the year 2020, is projected to reach a revised size of US$4.9 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Full Face, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$3.5 Billion by the end of the analysis period.
After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Half Face segment is readjusted to a revised 4.9% CAGR for the next 7-year period. This segment currently accounts for a 23.7% share of the global Motorcycle Helmets market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.7% CAGR for the Period of 2020-2027
The Motorcycle Helmets market in the U.S. is estimated at US$898.4 Million in the year 2020. The country currently accounts for a 27.08% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1 Billion in the year 2027 trailing a CAGR of 8.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR while Rest of European market (as defined in the study) will reach US$1 Billion by the year 2027.
Open Face Segment Corners a 6.8% Share in 2020
In the global Open Face segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$171.7 Million in the year 2020 will reach a projected size of US$220.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$658.5 Million by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period. The publisher brings years of research experience to this 16th edition of our report. The 379-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Arai Helmet Ltd.
Chih Tong Helmet Co., Ltd.
LAZER SA
Nolangroup SpA
NZI Technical Protection SL (NZI Helmets)
SHOEI Co., Ltd.
Vega Helmet Corporation
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Increase in Motorcycle Ownership Bodes Well for Helmets Market
Recent Market Activity
Motorcycling & Driving Hazards
Helmet Use - Critical for Personal Safety
Need for Helmet Use Now Goes Beyond Personal Safety
Helmet Laws and Enforcement - Essential for Road Safety
Premium Motorcycle Helmet Market - A Review
Global Competitor Market Shares
Motorcycle Helmets Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Improvement in Global GDP Performance Encourages Optimistic Forecasts
Developing Regions Dominate Two Wheeler Markets
Volatility in Major Two Wheeler Markets - A Cause for Concern
Design and Technological Advancements Rife in the Premium Helmet Market
Multi-Directional Cushioning Helmets for Added Safety
Wireless Helmets - A Major Draw
Head-up Display (HUD) Technology in Motorcycle Helmets Makes Driving Easier
Helmet-Mounted Display Technology for Advanced Navigation and Image Tracking
High-tech Helmets: Indication of Technology Focus in Helmets
Bluetooth Technology in Motorcycle Helmets
Innovative Foam Liner for Enhancing Safety of Motorcycle Helmets
Demographics, Urbanization Trend to Favor Market Growth
Online Sales - A Major Retailing Option
Challenges Facing Premium Helmets Market
Cheaper Non-Compliant Helmets as Alternative to Premium Priced Helmets
Weak Implementation of Helmet Laws
Higher Cost Affects Market Growth
Competition - SHOEI Leads the Way
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Total Companies Profiled: 52
For more information about this report visit https://www.researchandmarkets.com/r/wp14hk
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