Press Release

India to Register Strong Growth in Bike Helmet Market till FY’2026

Rising awareness for safe transportation coupled with increasing government regulations and initiatives to boost demand for bike helmets

According to TechSci Research report, India Bike Helmet Market By Helmet Type, By Distributor Channel, By Region, Competition, Forecast & Opportunities, FY2026, India bike helmet market is projected to witness a CAGR of 14% during 2021-2026, owing to increasingly stringent regulations for both commuter as well as helmet manufacturers in the country. With increase in consumer spending and demand for safer helmets due to rising concerns about accidents, commuters are becoming increasingly aware about importance of helmets, which is expected to continue boosting bike helmet sales during forecast period.

India bike helmet market can be classified based on helmet type, by distributor channel, and by region. In terms of helmet type, the market is classified into Full face helmets, Open face helmets, Half face helmets, Modular helmets and Motocross helmets. Full face helmets account for more than 40% of the market demand.as they are considered to be the safest and simplest type of helmets, and hence, being the widely used across all age groups of commuters. The Full face bike helmet segment is expected to continue its dominance in the country’s helmet market.

In terms of distributor channels, the market is segmented into online and offline channels. Offline channels segment, which includes sales through Dealers/Retailers, two-wheeler manufacturers and Institutional channels, would continue to account for the lion’s share of the country’s helmet market during the forecast period. The market by region has been classified into four geographical clusters, North, East, West and South. The country’s North region accounts for the largest share in the market, followed by West, South and East regions. Moreover, North and West regions are also expected to exhibit faster growth rates during the forecast period, with both the regions anticipated to grab more than two-thirds of the country’s bike helmet market by 2026.

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More than half of the market demand is accounted for by three leading bike helmet players operating in the country namely, Studds, Vega and Steel Bird. Other prominent brands operating in the market include Aerostar, Wrangler, Ergo, Aaron, Royal Enfield, LS2 and THH. Around 40% of the market is covered by unorganized players who sell their products via local dealers and retailers. But due to increasing government strictness in regulations like recent amendment of Section 129 of the Motor Vehicle Act which defines that the helmet should at least have a thickness of 20-25 mm with superior quality foam, ISI mark and comply with Bureau of Indian Standards, customer preference towards helmets offered by small unorganized players is expected to decline in the coming years.

“Studds Accessories Limited dominated India’s bike helmet market in Financial Year 2020, due to its extensive dealer network and relatively economical yet high quality product range. Sales of bike helmets are anticipated to continue growing in India in the coming years, on account of increasing consumer expenditure for safer, ergonomic and aesthetic helmets, coupled with higher government focus on adherence of traffic rules.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Bike Helmet Market By Helmet Type, By Distributor Channel, By Region, Competition, Forecast & Opportunities, FY2026 has evaluated the future growth potential of bike 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 bike helmet market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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