Stringent Regulations Pertaining Road Safety to Drive Global Bicycle Helmet Market

Published Date : May 28, 2018

Albany, New York, May 28, 2018: announced the addition of a research report, titled “Global Bicycle Helmet Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023”. The publication sheds light on the strengths, weaknesses, threats, and opportunities present in the global bicycle helmet market. The publication has been written with meticulous approach toward detail. Researchers have used primary and secondary research methodologies to collect vital information and analyze it to offer the readers an unbiased point of view. Analysts have also compared the historical achievements of the global bicycle helmet market to the present-day market scenario to give the readers a meaningful assessment of the overall market.

The research report states that the demand for bicycle helmet market is projected to remain steady in the coming years. The growing awareness about road safety and ensuring safety while riding bicycles are expected to drive the overall market. Bike helmet is an important safety gear that is worn to prevent or minimize injuries to the head. The US Consumer Product Safety Commission about 200 children or more lose their lives in biking accidents out of 900 bicycle-related accidents. Out of these, 60% are due to injuries to the head. Helmets are designed in ways to bear the impact and prevent injuries. The growing awareness about accidents and increasing disposable incomes to equip children with proper riding gear are contributing to the soaring profits of the global bicycle helmet market.

Introduction of a wide range of products that appeal to a wide range of consumers has created a positive influence on the overall market. Today, the global bicycle helmet market offers helmets in a wide range of colors, shapes, and sizes that have lured in several female buyers too. Furthermore, increasing participation in sporting activities such as cycling as a competitive sport has also augmented the global market. Vendors are continuous trying to develop better helmets that are lighter in weight but are extremely durable. Today helmets are worn for sports as well as commuting or recreation purposes.

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In terms of geography, the global bicycle helmet market is segmented into Europe, North America, South America, Asia Pacific, and the Middle East. Out of these, North America is expected to lead the overall market due to stringent rules pertaining road safety and increasing participating in sporting activities.

Some of the leading players operating in the global bicycle helmet market are Dorel, Trek Bicycle, Merida, Giant, Mavic, and Scott Sports. The research report provides a detailed look at the financial outlook of these companies, their research and development statuses, and their business and marketing strategies. Additionally, the analysts have also included an assessment about the nature of competition in the global bicycle helmet market and the threats to the existing players. Additionally, the research report also includes opinions of market experts to authenticate the claims made in the report.

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