Global motorcycle helmets market: $353 million industry by 2018

Press release   •   Aug 14, 2013 16:28 BST

The global Premium Motorcycle Helmets market is projected to reach US$352.8 million by 2018, driven by growth in ownership of premium motorcycles with higher engine capacity, and growing awareness over the benefits of wearing a helmet due to increasing number of motorcycle accidents.

Technological advancements in terms of design and material composition are expected to spur market prospects for premium motorcycle helmets. Introduction of newer materials like carbon fiber, and fiberglass reinforced plastic (FRP) made of glass fiber, special organic fiber, thermo setting plastic resin, have rendered helmets more convenient, lightweight and safer. Integration of electronics in helmets represents another major breakthrough in the market. Helmets with communication capabilities such as Bluetooth make helmet wearing safe as well as an enjoyable option allowing riders to stay connected even while riding.

Development of Wireless Helmets is also expected to spur growth opportunities in the market. Given the ability to not only protect motorcyclists from head injuries but also pinpoint their location via GPS for speedy rescue in case of accidents, wireless helmets are growing in popularity among users who wear helmets as a proactive measure to ensure personal safety. Another key product innovation benefiting consumer demand is the development of helmets with multi directional cushioning along the helmet padding which dampen energy transfer during impact.

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