Global Bike Helmet Market 2020 Expeditious Growth, Opportunities and forecast to 2027


Posted June 15, 2021 by Vaibhavwa_mrfr21

MarketResearchFuture Presents “Bike Helmet Market Research Report –Global Forecast to 2027” New Document to its Studies Database
 
Market Highlights

The global bike helmet market will grow at a CAGR of 5.35% during the forecast period. The market for bike helmet is set to reach US$1.12 billion by 2024. As per bike helmet market analysts, the global market is anticipated to witness growth owing to the factors such as the growing demand for safety bike equipment as well as the existence of safety legislation and laws. However, the market will face challenges and restraints due to concerns regarding counterfeit products and an unorganized retail sector during the forecast period.

The increasing number of bikes on the road in the market will support the growth. As per market analysts, the bike helmet market-based companies will face certain challenges during the forecast period. The market research report provides in-depth analysis of the type, application and region segments. The research report presents factors such as the high initial price that could slow down the market's growth.

Key Players

Bike helmet has seen tremendous growth, due to the growing sustainability issues and increased purchasing power. However, the high cost of bike helmets and lack of regulations would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period. As the market report suggests that the market will register a CAGR of 5.35% and reach a US$1.12 billion by 2024, the market report highlights key areas market-based companies need to focus on. The market research report projects a long-term growth till 2024. Based on the market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period, however the companies need to move ahead with caution. The bike helmet market research report highlights such key areas.

Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/bike-helmet-market-8022

Market Segmentation

The bike helmet market has been segmented into type, application and region. Based on the segment which is type, the market is categorized on the basis of MTB helmets, sports helmets, and road helmets. The global market for bike helmets is further segmented based on application into everyday travel and sports/adventure.

The market report offers comprehensive study of the segments including type, application and region. The analysts have also studied the market's spread across the regional market at country levels. The type, application and region segments spread across the bike helmet market along with the subsegments are studied. The global market for bike helmet is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global market research report presents key company profiles of organizations active across the market.

Regional Outlook:

The lack of knowledge of cycling may hinder the market growth. The market research report suggests that companies in the market could be supported by laws relating to helmets as well as the rising trend of cycling as a means of exercise during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the market is set to witness tremendous growth across type, application and region segments. The global market’s North American region covers markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the bike helmet market research report.

The market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global bike helmet market.

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.
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MRFR
Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
Country India
Categories Business , Retail
Tags bike helmet market
Last Updated June 15, 2021