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

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Summary

Report Description

India Bike helmet market will witness a robust growth during the forecasted period, owing to the rise in demand of two wheelers, and growing trends of bike riding for adventure and recreational activities.

Helmet is a protective covering for head which mainly consists of hard external shell with an adjacent padding inside the outer shell and a chin-strap type retention system. Helmets are designed to protect head which are supported by parts such as outer shell, crushable layer, padded comfort layer, chinstrap etc, with a sticker indicating that the motorcycle helmet meets standards (IS 4151:2015) regulated by Ministry of Road Transport and Highways.

When it comes to riding a bike, most of the riders adore the freedom of travelling but they are unaware of the risk of riding a bike without protective gears, making it one of the major reasons of death and injury caused in the road accidents day by day in the country. Therefore, to avoid the fatal injuries and death caused by accidents, helmets are the utmost part of ride gear for a bike rider which can save the rider from fatal head injuries.

Rising Sales of Two-Wheelers

India is one of the major markets in the world for two-wheeler sales and stood at second position in global two-wheeler sales in 2022. The number of people riding bikes in India is increasing, as the country's population continues to grow. This has led to a rise in demand for helmets, as more people are in need of protection while riding. In addition, the increase in bike riders has also led to an increase in the number of accidents, which has further highlighted the need for helmets.

Stringent Government Regulations

The Indian government has implemented stringent regulations mandating the use of helmets while riding a bike. These regulations vary by state, but generally, they require all riders and passengers on two-wheelers to wear helmets. Failure to do so can result in penalties and fines. These regulations have been a significant driver of growth in the bike helmet market in India, as riders tend to face consequences for not wearing a helmet.

Technological Advancements

Finally, advancements in technology have led to the development of helmets that are more comfortable, lightweight, and aesthetically pleasing. This has made helmets more appealing to style-conscious consumers, who may have been reluctant to wear a helmet in the past. In addition, manufacturers are now incorporating features like ventilation systems, anti-fog visors, and Bluetooth connectivity, further increasing the appeal of helmets.

Price Sensitivity

Price sensitivity is a significant factor in India, as many consumers are still price conscious. While rising disposable incomes have contributed to the growth of the market, many consumers may still be hesitant to invest in a high-quality helmet due to the cost. This could limit the growth of the market, as manufacturers may need to find ways to offer more affordable helmets without sacrificing quality. Additionally, many consumers may opt for lower-quality helmets to save money, which could lead to a decrease in demand for higher-end products.

Availability of Counterfeit Products

Counterfeit helmets are a significant concern in India, as many consumers may opt for cheaper, fake helmets instead of investing in a high-quality product. These counterfeit helmets may not provide the necessary protection in the event of an accident, which could lead to injuries or fatalities. This aspect has the potential to limit the growth of the market, as consumers may be hesitant to invest in a helmet if they are unsure about the quality of the product. Additionally, the prevalence of counterfeit helmets could also impact the reputation of legitimate manufacturers, which could further decrease demand.


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Market Segmentation

The India Bike Helmet market is segmented based on type, distribution channel, by region, and competitional landscape. Based on type, the market is further fragmented into full face, open face, half face, modular and motocross. Based on distribution channel, the market is segmented into [Offline (Dealers/Retailers, Two-Wheeler Manufacturers, Institutional) and Online]. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North, South, West & East.

Company Profiles

Major companies operating in India bike helmet market recorded high sales volume in the 2023 financial year and the trend is likely to continue during the forecast period. List of the major market players include Studds, Vega, Steel Bird, Aerostar, Royal Enfield, Wrangler, Aaron, LS2, THH, Ergo, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.


Attribute

Details

Base Year

2023

Historical Years

2019 – 2022

Estimated Year

2024

Forecast Period

2025 – 2029

Quantitative Units

Volume in Thousand Units & Value in USD Million and CAGR for 2019-2023 and 2024E-2029F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Type

Distribution Channel

Region

Regional Scope

North, South, East, West

Key Companies Profiled

Studds, Vega, Steel Bird, Aerostar, Royal Enfield, Wrangler, Aaron, LS2, THH, Ergo, etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, India bike helmet market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Bike Helmet Market, By Type:

o   Full Face

o   Open face

o   Half Face

o   Modular

o   Motocross

·         India Bike Helmet Market, By Distribution Channel:

o   Offline (Dealers/Retailers, Two-Wheeler Manufacturers, Institutional)

o   Online

·         India Bike Helmet Market, By Region:

o   North

o   West

o   South

o   East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Bike Helmet Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis

4.1.  Factors Influencing Purchase Decision

4.2.  Brand Satisfaction Level

4.3.  Brand Awareness

5.    India Bike Helmet Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type Market Share Analysis (Full Face, Open Face, Half Face, Modular and Motocross)

5.2.2.     By Distribution Channel Market Share Analysis [Offline (Dealers/Retailers, Two-Wheeler Manufacturers, Institutional) and Online]

5.2.3.     By Regional Market Share Analysis

5.2.3.1.         North Region Market Share Analysis

5.2.3.2.         South Region Market Share Analysis

5.2.3.3.         West Region Market Share Analysis

5.2.3.4.         East Region Market Share Analysis

5.2.4.     By Company Market Share Analysis (By Value, 2023)

5.3.  India Bike Helmet Market Mapping & Opportunity Assessment

5.3.1.     By Type Market Mapping & Opportunity Assessment

5.3.2.     By Distribution Channel Mapping & Opportunity Assessment

5.3.3.     By Regional Market Mapping & Opportunity Assessment

6.    India Full Face Helmet Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.      By Distribution Channel Market Share Analysis

6.3.  Pricing Analysis

7.    India Open Face Helmet Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Distribution Channel Market Share Analysis

7.3.  Pricing Analysis

8.    India Half Face Helmet Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Distribution Channel Market Share Analysis

8.3.  Pricing Analysis

9.    India Modular Helmet Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Distribution Channel Market Share Analysis

9.3.  Pricing Analysis

10.  India Motocross Helmet Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Distribution Channel Market Share Analysis

10.3.              Pricing Analysis

11.  Market Dynamics

11.1.              Market Drivers

11.2.              Market Challenges

12.  Impact of COVID-19 on India Bike Helmet Market

12.1.              Impact Assessment Model       

12.1.1.  Key Segments Impacted

12.1.2.  Key Regions Impacted

13.  Market Trends & Developments

14.  SWOT Analysis

14.1.              Strength

14.2.              Weakness

14.3.              Opportunities

14.4.              Threats

15.  Porter’s Five Forces Model

15.1.              Competitive Rivalry

15.2.              Bargaining Power of Buyers

15.3.              Bargaining Power of Suppliers

15.4.              Threat of New Entrants

15.5.              Threat of Substitutes

16.  Policy & Regulatory Landscape

17.  India Economic Profile

18.  Competitive Landscape

18.1.              Company Profiles (Up to Top 10 Companies)

18.1.1.  STUDDS Accessories Limited

18.1.1.1.      Company Details

18.1.1.2.      Products & Services

18.1.1.3.      Recent Development

18.1.1.4.      Key Management Personnel

18.1.2.  VEGA Auto Accessories Pvt. Ltd.

18.1.2.1.      Company Details

18.1.2.2.      Products & Services

18.1.2.3.      Recent Development

18.1.2.4.      Key Management Personnel

18.1.3.  Steelbird Hi-Tech India Ltd.

18.1.3.1.      Company Details

18.1.3.2.      Products & Services

18.1.3.3.      Recent Development

18.1.3.4.      Key Management Personnel

18.1.4.  Sai Group (Aerostar)

18.1.4.1.      Company Details

18.1.4.2.      Products & Services

18.1.4.3.      Recent Development

18.1.4.4.      Key Management Personnel

18.1.5.  Ace Turtle Omni Pvt Ltd. (Wrangler)

18.1.5.1.      Company Details

18.1.5.2.      Products & Services

18.1.5.3.      Recent Development

18.1.5.4.      Key Management Personnel

18.1.6.  Ergo Helmets and Accessories (Ergo)

18.1.6.1.      Company Details

18.1.6.2.      Products & Services

18.1.6.3.      Recent Development

18.1.6.4.      Key Management Personnel

18.1.7.  Aaron Helmets Pvt. Ltd.

18.1.7.1.      Company Details

18.1.7.2.      Products & Services

18.1.7.3.      Recent Development

18.1.7.4.      Key Management Personnel

18.1.8.  Eicher Motors Limited (Royal Enfield)

18.1.8.1.      Company Details

18.1.8.2.      Products & Services

18.1.8.3.      Recent Development

18.1.8.4.      Key Management Personnel

18.1.9.  TECH DESIGN TEAM, S.L. (LS2)

18.1.9.1.      Company Details

18.1.9.2.      Products & Services

18.1.9.3.      Recent Development

18.1.9.4.      Key Management Personnel

18.1.10.                HengDa Racing Ltd (THH)

18.1.10.1.    Company Details

18.1.10.2.    Products & Services

18.1.10.3.    Recent Development

18.1.10.4.    Key Management Personnel

19.  Strategic Recommendations/Action Plan

19.1.              Target Type

19.2.              Target Regions

20.  About Us & Disclaimer

 

 

Note: The data given for any year represents the market during the fiscal year, i.e., 1st April to 31st March of that year. e.g., For 2023, the data represents the period, 1st April 2022 to 31st March 2023.

 

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Rising preference of bikes, increasing disposable income, growing road safety concerns, etc., are some the factors creating opportunities in India bike helmet market.

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Increase in technological development and rising sales of two wheelers at a robust pace is correspondingly driving the growth of India bike helmet market.

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North region has the dominating market share in India bike helmet market, owing to the massive fleet of two wheelers and growing demand of two wheelers in this region.

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Studds, Vega, Steel Bird, Aerostar, Royal Enfield, Wrangler, Aaron, LS2, THH, Ergo, etc. are some of the major companies holding the market share in bike helmet market in India.

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Srishti Verma

Business Consultant
Press Release

India Bike Helmet Market to Grow During the Forecast Period

May, 2023

Rising demand of two wheelers and growing trends of bike riding for adventure and recreational activities are driving the India Bike Helmet market.

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