India Bike Helmet Market to Grow During the Forecast Period
Rising
demand of two wheelers and growing trends of bike riding for adventure and
recreational activities are driving the India Bike Helmet market.
According to the TechSci
Research report, “India Bike Helmet Market –By Region,
Competition, Forecast, and Opportunities, 2019-2029F,” India bike helmet
market is projected to grow during the forecasted period, owing to the rising
two-wheeler sales and increasing number of road accidents.
India bike helmet
market is expected to show robust growth owing to the strict government rules
and regulation regarding the road and rider safety. The Indian government has
mandated the use of helmet for rider and the person along with them due to
safety concerns, which will correspondingly drive the bike helmet market in the
upcoming years. India is one of the world's largest
markets for the selling of two-wheelers, coming in at number two in terms of
sales, worldwide. Given the country's expanding population, more people are
riding bikes in India. Since more individuals now need protection while riding,
this has increased the importance of helmets. Further emphasizing the necessity
of helmets is the fact that the rise of bike riders has also been accompanied
by a significant rise in accidents.
Augmented
reality, a technology that provides an immersive experience of the real-world
surroundings to the wearer, often spanning numerous sensory modalities,
including aural, visual, somatosensory, tactile, and haptic, is a fascinating
concept that is reshaping the bike helmet market. Many people are interested in
this newest technology, which is becoming quite well-liked among bikers.
Because of this, leading companies are already providing helmets with augmented
reality. Bike helmets with AR and head-up displays were introduced by Skully
Technologies Ltd., and these products have been positively embraced by
customers. The SA-1, the first helmet in the world created especially for the
Indian market, was unveiled by Steelbird Helmets in January 2019.
A significant
barrier to the expansion of the bike helmet market is cost inflation. The
production cost of the helmets is being impacted by the increase in demand and
advancements in design for better safety. The price of these helmets, which
includes features like night-vision goggles, is anticipated to restrain the
growth of the bike helmet market over the forecast period.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "India Bike Helmet Market"
The
India bike helmet market is segmented based on helmet type, distribution
channel, by region, and competitional landscape. Based on type, the market is
further fragmented full face, open face, half face, modular and motocross.
Based on distribution channel, the market is segmented into offline and online.
The market analysis also studies the regional segmentation to devise regional
market segmentation, divided among north, south, west & east.
On the basis of regional
segmentation, North India holds the major market share in the India bike helmet
market, owing to the region’s massive two-wheeler sales across the country and
rising adventure and recreational activities.
Key market players operating in
the Smartwatch market include:
·
STUDDS
Accessories Limited
·
VEGA
AUTO ACCESSORIES PVT. LTD.
·
Steelbird
Helmets India.
·
SAI
Group
·
Royal
Enfield
·
Wrangler
·
Aaron
Helmets Pvt Ltd
·
LS2
·
THH
·
Ergo
Due to the
existence of well-known helmet brands in the nation, the market for bike helmets
in India is expanding at an exponential rate. Helmets of high quality, style,
and luxury are being offered by major companies in the sector. It is
anticipated that the market growth in the nation will be driven by the standard
quality provided by the major players and the rise in consumer awareness of
road safety. The country's consumer base is also anticipated to grow as a
result of improved product quality, safety, and perks including discounts and
warranties.
SA-5 DOT full face was
launched by Steel Bird with dual certification in November 2021.
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“India Bike
Helmet market is expected to boost the automobile industry’s overall revenue
with the addition of bike helmet in the market. Based on distribution channel
segment, offline channel is leading the market, but online channel holds a higher
growth rate in upcoming years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India Bike Helmet Market By Helmet Type (Full
Face, Open Face, Half Face, Modular and Motocross), By Distributor Channel
(Offline (Dealers/Retailers, Two Wheeler Manufacturers, Institutional) and
Online), By Region, Competition, Forecast & Opportunities, 2029F” has evaluated the future
growth potential of India 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 the
India Bike Helmet Market.
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