Motorcycle Connected Helmet Market: Current Analysis and Forecast (2022-2028)
Emphasis on Application (Freestanding and Embedded); Distribution Channel (Online and Offline); and Region/Country
Global Motorcycle Connected Helmet is expected to grow at a significant rate of around 4% during the forecast period. Motorcycle helmets are considered essential safety gear by many motorcycle riders. Helmets must use the equipment for safety and the advanced features of connected helmets make it very reliable. Furthermore, many manufacturers of motorcycle helmets have been coming up with high-end features to encourage consumers to wear a helmet. The increasing number of motorbikes and sports bike enthusiasts, increasing cases of accidents, and technological advancement are the key factors driving the growth of the market. For instance, in January 2020, Tali Helmet launched CES 2020. The helmet is ringed by color-changing LEDs for improved visibility, with functions including a rear-mounted brake light and turn signals. Paired via Bluetooth with your smart phone, the Tali can not only play music, take phone calls or read off navigation instructions, it can automatically place a call to emergency services when a fall or accident is detected.
Bayerische Motoren Werke AG, BITwave Pte. Ltd, Dainese S.p.A, Visa Outdoor Operations LLC, HJC Helmets, UCLEAR Digital, AIROH, Shelliostech, Reevu America, and Schuberth GmbH. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst application, embedded category to hold significant share of the market in 2020”
Based on application, the market is segmented into freestanding and embedded. Embedded category held a significant share of the market in 2020. Embedded helmets provide safety, ease of communication, GPS, and send and receive texts, which in turn helps the rider to get undisturbed during riding and maintain the safe and secure drive. Hence, these are the factors driving the growth of the market.
“Amongst distribution channel, the online to hold a significant share in the market in 2020”
Based on distribution channel, the market is categorized into online and offline. Among these, the online segment is anticipated to grow with higher CAGR during the forecast period owing to the increasing use of mobile phones for shopping, having advanced payment methods, and making transactions secure and simple. Thus, the expansion of online sales channel is expected to bolster the market growth.
“APAC to grow with higher CAGR during forecast period”
For a better understanding of the market adoption of the motorcycle connected helmet industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. The Chinese motorcycle helmet market has evolved and accounted for a significant market share of the market. Efforts to reduce the usage of petrol-based two-wheelers and control pollution in some of the major cities have resulted in a decline in motorcycles in the country. However, demand for helmets has been on the rise due to the growth of electric two-wheelers. India is the fastest-growing market for motorcycle helmets in the Asia Pacific owing to many two-wheeler buyers in the country. The growth of the helmet industry is not only led by commuter motorcycles but even by the larger and more expensive two-wheelers. Further, the development of infrastructure in rural areas is also driving the sale of two-wheelers, and in turn, is anticipated to boost demand for helmets. Governments around the world are taking the required steps for avoiding the increasing number of deaths caused by road accidents. For instance, the Indian government has enacted legislation on the use of helmets in second and third-tier cities to ensure traffic safety.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global motorcycle connected helmet can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Motorcycle Connected Helmet Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global motorcycle connected helmet were the three major steps undertaken to create and analyze the adoption of motorcycle connected helmets in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global motorcycle connected helmet. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the motorcycle connected helmet through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the motorcycle connected helmet, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as application and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the motorcycle connected helmet. Further, we conducted factor analysis using dependent and independent variables such as application, and distribution channel of motorcycle connected helmet. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the motorcycle connected helmet sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global motorcycle connected helmet, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the motorcycle connected helmet across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global motorcycle connected helmet in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global motorcycle connected helmet. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of application and distribution channel in the global motorcycle connected helmet.
The main objective of the Global Motorcycle Connected Helmet Study
The current & future market trends of the global motorcycle connected helmet were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the motorcycle connected helmet in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of application, and distribution channel.
- Define and analysis of the regulatory framework for the motorcycle connected helmet
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the motorcycle connected helmet for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the motorcycle connected helmet and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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