NEW
YORK, Sept. 24, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation - The Global Mips
Bicycle helmets market size is estimated to grow by
USD 137.2 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 5.97% during the forecast period. Advantages of mips
bicycle helmets is driving market growth, with a trend
towards introduction of advanced and customized bicycle
helmets , However, availability of counterfeit products of
bicycle helmets poses a challenge - Key market players
include ABUS August Bremicker Sons KG, Active Brands AS,
Bern, Cycling Sports Group LLC,
Demon Electric, Frasers Group plc, Giant Bicycle India, Hostettler
AG, Limar Srl, Lumen Labs Inc., MAVIC Group, Merida Industry Co.
Ltd., MET SPA, MIPS AB, One Industries, ORBEA S. COOP. LTDA, POC
Sweden AB, SCOTT Sports SA, Specialized Bicycle Components Inc.,
and Vista Outdoor Inc..
Key insights into market evolution with AI-powered analysis.
Explore trends, segmentation, and growth drivers- View the snapshot
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Mips Bicycle Helmets
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.97%
|
Market growth
2024-2028
|
USD 137.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.27
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
44%
|
Key
countries
|
US, China, Germany, UK,
and France
|
Key companies
profiled
|
ABUS August Bremicker
Sons KG, Active Brands AS, Bern, Cycling Sports Group LLC, Demon
Electric, Frasers Group plc, Giant Bicycle India, Hostettler AG,
Limar Srl, Lumen Labs Inc., MAVIC Group, Merida Industry Co. Ltd.,
MET SPA, MIPS AB, One Industries, ORBEA S. COOP. LTDA, POC Sweden
AB, SCOTT Sports SA, Specialized Bicycle Components Inc., and Vista
Outdoor Inc.
|
Market Driver
The Mips bicycle helmet market is witnessing continuous
developments due to the increasing demand for better performance
and added features. Vendors are integrating advanced technologies
such as the MIPS brain protection system for enhanced safety and
the BOA adjustment system for a perfect fit. Customization is an
emerging trend in the market, with consumers seeking unique
designs, colors, names, branding, and raw materials. This trend is
particularly popular in developed countries like the UK and the US,
and is also gaining traction in emerging markets such as
China and India. In the premium segment, customized
helmets with MIPS technology are in high demand. Vendors are
leveraging this trend to increase revenues and drive market growth.
For instance, Merida's KED MITRO UE-1 helmet and Mavic's updated
Syncro SL helmet both offer customization and MIPS technology. The
integration of these features is expected to boost market growth
during the forecast period.
The Mips Bicycle Helmets market is experiencing exciting trends
with the integration of electrical power and self-powered lights.
These advanced features include charging capabilities, making
helmets more autonomous and convenient for riders. The Sports
Helmets segment, which includes Mountain, Commuter, Skate, BMX, and
Downhill Racing helmets, is seeing significant growth. Helmet
technology has evolved, using lightweight materials like
polystyrene foam and plastic, ensuring a hard outer shell and inner
lining for optimal impact energy absorption. Road safety is a top
priority, with non-profit organizations advocating for helmet use
to prevent cycling accidents and fatalities, including brain
injuries. Eco-friendly transportation options like cycling continue
to gain popularity in the Sports or Adventure and Daily
Transportation sectors. Online sales dominate the market, with
offline sales following suit. The bike helmet market caters to
various rider types, from recreational mountain bikers to
professional athletes participating in sport games and mountain
biking activities. Straps ensure a secure fit, enhancing the
overall safety and effectiveness of these high-quality
helmets.
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Market Challenges
- The unorganized retail sector, particularly in developing
regions, presents growing opportunities for counterfeit MIPS
bicycle helmets. Chinese manufacturing has intensified this issue,
with some counterfeits bearing fake Consumer Product Safety Act
stickers. These imitation helmets, sold via major online retailers,
Chinese websites, and low-priced stores, use inferior raw materials
and offer reduced durability. Customers often find it challenging
to distinguish genuine from counterfeit products due to their
similar appearances. Counterfeits undercut market prices,
negatively impacting vendors' sales and reputation. Vendors invest
in advertising and promotional campaigns to retain and attract
customers, but these efforts add costs and lower profit margins.
The prevalence of counterfeit products adversely affects market
growth by decreasing volume sales during the forecast period.
- The Mips bicycle helmets market encompasses various types,
including MTB helmets, road helmets, sport helmets, and commuter
and recreation helmets. Challenges include ensuring rider safety
during mountain biking activities and road cycling, with a focus on
reducing head injuries and fatalities. Obesity and increased
cycling popularity present new opportunities. Offline and online
sales channels are crucial. Head injury risks during crashes
necessitate strict road safety standards. Riders seek stylish,
visible helmets with communication devices, shelter, and LEDs. MIPS
and SPIN technologies offer enhanced protection against rotational
forces. Brands like POC Sports and Powerfoyle, with
light-harvesting substance, cater to health-conscious millennials.
The market includes MTB, road, sport, and commuter helmets, with
EPS foam and a rigid outside shell protecting the skull. Cycling is
a growing leisure and fitness activity, increasing bicycle riding
occasions and cycle production.
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Segment Overview
This mips bicycle helmets market report extensively covers
market segmentation by
- Application
- 1.1 Commuter and recreation
- 1.2 Sport games
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Commuter and recreation- MIPS bicycle helmets
are gaining popularity among commuters in North America and Europe due to the higher adoption of bicycles
for transportation and stringent regulations mandating their use,
particularly for children in countries like France and Austria. The European market is witnessing
significant growth, driven by the popularity of biking in countries
such as Denmark and the Netherlands. In developing regions like
South America and MEA, the
adoption of MIPS bicycle helmets is increasing due to rising safety
awareness and mandatory regulations. Japan, for instance, mandated bicycle helmets
for riders from April 1, 2023. The
increasing number of bicycle accidents, with over 52.8% of deaths
caused by head injuries in 2022, is also fueling the demand for
MIPS bicycle helmets. Additionally, outdoor cycling as a
recreational activity is on the rise due to its numerous health
benefits, further boosting the demand for these helmets. Overall,
the growing awareness of safety and health, coupled with mandatory
regulations, will drive the growth of the MIPS bicycle helmets
market during the forecast period.
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Research Analysis
The Mips Bicycle Helmets market encompasses various types of
helmets designed for different cycling activities. These include
MTB Helmets for mountain biking, Road Helmets for paved roads,
Sport Helmets for multiple sports, and Commuter and Recreation
helmets for daily transportation and recreational use. Helmets play
a crucial role in ensuring rider safety during mountain biking
activities, which account for a significant number of head
injuries, fatalities, and brain injuries each year. Properly
securing the helmet with a snug strap under the chin and around the
head is essential. Lightweight materials like polystyrene foam and
plastic are commonly used to make helmets comfortable and effective
at absorbing impact. Cycling, whether for sport or daily
transportation, carries risks, making adherence to road safety
standards essential. The market caters to various cycling
disciplines, including MTB, Road, Sport Games, Skate, BMX, Downhill
Racing, Sports or Adventure, and Daily Transportation.
Market Research Overview
The Mips Bicycle Helmets market encompasses various types of
helmets designed for different riding occasions. These include MTB
Helmets for mountain biking activities, Road Helmets for commuting
and recreation, and Sport Helmets for various games and fitness
activities. Cyclists engage in these activities for leisure, sport,
and as eco-friendly transportation options. Helmets play a crucial
role in ensuring rider safety, particularly in preventing head
injuries and fatalities from accidents. Helmets feature advanced
technologies such as MIPS and SPIN, which absorb rotational forces
in case of a crash. They come in various styles and hues, with
lightweight materials like EPS foam and a rigid outside shell for
impact energy absorption. The inner lining ensures a snug fit, with
straps securing the helmet in place. Helmet production has
increased due to health awareness, millennials' interest in outdoor
riding, and the availability of online and offline sales channels.
Helmets now come with additional features like LEDs, communication
devices, and even self-powered lights using technologies like
Powerfoyle, a light-harvesting substance that generates electrical
power. Non-profit organizations promote helmet use and road safety
standards to reduce cycling accidents.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Commuter And Recreation
- Sport Games
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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