India two-wheeler helmet Market to Grow with a CAGR of 6.35% in India through to 2029
The major drivers for the India
two-wheeler helmet Market are Product Innovation and Technological
Advancements, Road Safety Regulations and Enforcement and Rising Two-Wheeler
Ownership.
According to TechSci Research report, “India
two-wheeler helmet Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029”, the India two-wheeler helmet Market
stood at USD 2 Billion in 2023 and is anticipated to grow with a CAGR of 6.35%
in the forecast period, 2024-2029. The India two-wheeler helmet market is a dynamic and
evolving sector that plays a pivotal role in enhancing road safety across the
country. With the rising popularity of two-wheelers for daily commuting and
transportation, the demand for helmets has significantly increased. Stringent
road safety regulations, making it mandatory for both riders and pillion
passengers to wear helmets, have been a driving force behind the market's
growth. These regulations are aimed at reducing road accidents and minimizing
the severity of injuries in the event of accidents. The market caters to a
diverse range of consumers, from urban commuters seeking safety and comfort to
enthusiasts looking for stylish and technologically advanced helmets.
Technological innovations, such as Bluetooth integration and anti-fog visors,
have transformed the market, appealing to riders seeking both safety and
convenience.
Browse over XX market data Figures spread
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two-wheeler helmet Market.”
The Indian two-wheeler helmet market is a vital
component of the country's road safety ecosystem, serving as a crucial
safeguard for millions of riders and pillion passengers. Helmets have been
mandatory in India for decades, with the aim of reducing head injuries and
fatalities resulting from road accidents. However, the market for two-wheeler
helmets has undergone substantial changes in recent years, influenced by a
combination of regulatory measures, consumer preferences, and technological
advancements.
Historically, the Indian helmet market primarily
comprised traditional, unbranded helmets, often lacking the necessary safety
standards and certifications. These helmets were prevalent, given their low
cost and availability. While they provided a basic level of head protection,
they often fell short of international safety standards. However, the past
decade has seen a gradual transformation of the market. Regulatory bodies and
government agencies have been instrumental in setting and enforcing stringent
safety standards for helmets. The Bureau of Indian Standards (BIS) has
introduced regulations, making it mandatory for helmets to conform to specific
safety standards, including IS 4151, which dictates the design and performance
of helmets.
This regulatory shift has been a game-changer, forcing
manufacturers and consumers to prioritize safety over cost. As a result,
branded and certified helmets have gained popularity. Brands like Studds, Vega,
Steelbird, and MT Helmets have emerged as key players in the market, offering a
range of helmets that meet the safety standards set by the BIS. In addition to
regulatory changes, consumer preferences have also played a pivotal role in the
evolution of the helmet market. Awareness campaigns and educational initiatives
have emphasized the importance of wearing helmets, not just to avoid legal
penalties but also for personal safety. As a result, consumers are becoming
increasingly conscious of the need for quality helmets that provide proper
protection.
The emergence of e-commerce and online retail
platforms has further facilitated the shift towards branded helmets. Consumers
now have easier access to a wide variety of helmet brands and models, allowing
them to make informed choices based on factors like safety standards, design,
and comfort. This trend has also intensified competition among helmet
manufacturers, encouraging them to innovate and offer a wider array of options.
Technology is also influencing the helmet market. Smart helmets, equipped with
features like integrated communication systems, heads-up displays, and
Bluetooth connectivity, are gaining traction. These helmets not only enhance
safety but also provide riders with added convenience, allowing them to stay
connected while on the road.
Another challenge is affordability. Quality branded
helmets, while safer, can be relatively expensive, and this cost can deter some
potential buyers. Finding ways to make certified helmets more accessible to a
broader segment of the population is a concern that both manufacturers and
regulatory bodies need to address. Furthermore, there is a need for greater
awareness and education on the proper use of helmets. Many riders wear helmets
improperly, negating their effectiveness. Promoting awareness campaigns that
emphasize the correct way to wear and fasten helmets is essential in this
context.
The trend toward electric two-wheelers and sustainable
transportation also influences the helmet market. As electric scooters gain
popularity, especially in urban areas, the need for lightweight and comfortable
helmets that cater to short-distance commutes becomes apparent. Helmet
manufacturers are now focusing on creating designs that align with the
preferences of electric two-wheeler riders.
The market also has significant export potential. With
India becoming a hub for manufacturing, helmet brands can tap into
international markets, exporting their products to countries where road safety
regulations are stringent.
In conclusion, the Indian two-wheeler helmet market
has evolved significantly, moving towards branded and certified helmets that
meet stringent safety standards. This transformation has been driven by
regulatory measures, consumer awareness, and technological advancements.
Despite challenges related to affordability and enforcement, the market is
poised for further growth, with the potential for smart helmets and
international expansion. Road safety remains a top priority, and the helmet
market plays a crucial role in enhancing rider safety on Indian roads..
Major companies operating in India India
two-wheeler helmet Market are:
- Aaron Helmets Pvt. Ltd
- Aerostar Helmets Ltd
- Ergo Helmets and Accessories
Pvt. Ltd
- Steelbird Hi-Tech India Ltd
- Studds Accessories Ltd
- TP. Industries (Gliders
Helmet and NXT) Pvt. Ltd
- Vega Auto Accessories Pvt.
Ltd.
- Wrangler Helmets
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“The Indian
two-wheeler helmet market has witnessed a notable shift towards safety and
quality in recent years. Regulatory changes, including stringent safety
standards set by the Bureau of Indian Standards (BIS), have compelled
manufacturers to produce certified helmets. Consumers are increasingly opting
for branded and certified helmets, prioritizing safety over cost. The
proliferation of e-commerce and online retail platforms has expanded access to
a wide range of helmet options, further driving the market towards safer
choices. Smart helmets, with integrated technologies, are also gaining
popularity. Challenges remain, such as the sale of substandard helmets and the
need for more comprehensive enforcement of helmet laws. Nonetheless, the market
is poised for growth, with a focus on safety and technological innovation,
ensuring that Indian riders have access to safer and more advanced headgear.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“India two-wheeler helmet Market By Helmet Type
(Full Face, Open Face, Half Face, Modular and Motocross), By Distribution
Channel (Offline, Online), Regional, Competition, Forecast & Opportunities,
2019-2029”, has evaluated the future growth potential of India two-wheeler helmet
Market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India two-wheeler helmet Market.
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