Market Research Future Reports has predicted that the global cycling helmet market is projected to record a CAGR of 5.35% and hold a value of USD 1,118.7 million by the end of 2024. The implementation of stringent laws making the usage of helmets mandate is the most important factor driving the global cycling helmet market 2020. The growing momentum of professional cycle races is likely to further fuel the market. Also, the increasing number of road accidents is estimated to fuel global market growth. Besides, it is easier to afford bicycles than other vehicles. In addition, they are environment friendly and do not emit toxic gases, and it directly affects the global market for cycling helmet. It is notable here that the individuals of the modern era are showing an inclination towards physical fitness which has soared the market trajectory.
Further, strict rules, such as implementing protective gear while riding cycles, is another important factor leading to market growth. Also, the technical advancement has resulted in product innovation which has enhanced the safety features with striking appearance boosting the market expansion.
Get Free Sample Copy of “Cycling Helmet Market” @ https://www.marketresearchfuture.com/sample_request/8200
(MRFR Provides FREE SAMPLE COPY of the Report, Gives a Brief Introduction to the Research Report, Industry Insight, TOC (139 pages with 182 data tables and 30 figures of the report), an Analysis to Leading Players of the Industry and comprising Key Regions, Drivers.)
On the contrary, factors such as the high price of the helmet are likely to hamper the market expansion during the assessment period.
The established players of the Global Cycling Helmet Market for are Vista Outdoor Operations LLC (US), Polisport Plásticos SA (Portugal), Specialized Bicycle Components (US), Uvex Sports (Germany), Dorel Sports (Canada), Trek Bicycle Corporation (US), Limar Srl (Italy), MET-Helmets (Italy), Orbea (Spain), SCOTT Sports SA. (Switzerland), and KASK S.p.a. (Italy), Giant Manufacturing Co., Ltd (China), Merida & Centurion Germany GmbH (Germany), Amer Sports (Finland), Urge Bike Products (France), POC Sweden AB (Sweden), LAS helmets (Italy), and a few others.
Global Cycling Helmet Market can be segmented on the basis of application, type, and region. Based on application, the global cycling helmet market can be segmented into sports/adventure and daily transportation.
Based on type, the global cycling helmet market can be segmented into road helmets, MTB helmets, and sports helmets.
Based on region, the global cycling helmet market can be segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
The global market for cycling helmet is projected to expand significantly during the assessment period. Thorough research has been conducted on regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. As per the study, the global market is estimated to be dominated by Europe. The European market is projected to be the largest market during the assessment period. The European market had acquired a market share of 36.35% in 2020 and is anticipated to retain its position in the market. Among all countries, Italy is projected to acquire the apex position in expanding the market. Besides, the presence of various established players is another major factor leading to regional market expansion.
On the contrary, the market in the APAC region is likely to display the highest CAGR during the assessment period. The increasing concern towards safety and imposition of stringent rules is likely to magnify the market. Also, the increasing number of road accidents has influenced the market significantly. The North American market is projected to acquire a significant market share during the assessment period. Among all nations, the US is estimated to procure the largest market share during the assessment period. In addition, the growing concern towards fitness is another factor leading to surged market growth.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/cycling-helmet-market-8200
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar