India Motorcycle Helmet Market Size & Outlook, 2021-2030
India motorcycle helmet market, 2017-2030 (US$M)
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India motorcycle helmet market highlights
- The India motorcycle helmet market generated a revenue of USD 436.0 million in 2021 and is expected to reach USD 786.8 million by 2030.
- The India market is expected to grow at a CAGR of 6.8% from 2022 to 2030.
- In terms of segment, full face was the largest revenue generating product in 2021.
- Open Face is the most lucrative product segment registering the fastest growth during the forecast period.
Motorcycle helmet market data book summary
| Market revenue in 2021 | USD 436.0 million |
| Market revenue in 2030 | USD 786.8 million |
| Growth rate | 6.8% (CAGR from 2021 to 2030) |
| Largest segment | Full face |
| Fastest growing segment | Open Face |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Full Face, Open Face, Off-Road/Racing |
| Key market players worldwide | Harley-Davidson Inc, Yamaha Corp, Yadea Group Holdings Ltd Shs Unitary 144A/RegS, Honda Motor Co Ltd, Piaggio & C. SpA, Bayerische Motoren Werke AG ADR, Suzuki Motor Corp, Bajaj, HeroMotoCorp, TVS Motor Company |
Other key industry trends
- In terms of revenue, India accounted for 20.0% of the global motorcycle helmet market in 2021.
- Country-wise, India is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India motorcycle helmet market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 786.8 million by 2030.
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Motorcycle Helmet Market Scope
Motorcycle Helmet Market Companies
| Name | Profile | # Employees | HQ | Website |
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India motorcycle helmet market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to motorcycle helmet market will help companies and investors design strategic landscapes.
Full face was the largest segment with a revenue share of 59.33% in 2021. Horizon Databook has segmented the India motorcycle helmet market based on full face, open face, off-road/racing covering the revenue growth of each sub-segment from 2017 to 2030.
India is the fastest-growing market for motorcycle helmets in the global market owing to a large number of two-wheeler buyers in the country. The growth of helmets is not only led by commuter motorcycles but even by larger and expensive two-wheelers.
Further, the development of infrastructure in rural areas is also driving the sale of two-wheelers, and in turn, anticipated to boost the demand for helmets. New provision by the government in the Motor Vehicle Amendment Act, 2019— every person above the age of 4 years, riding on a motorcycle, should wear protective headgear— is further expected to propel the demand for helmets in this country.
Full-face helmets held the largest share of 67.9% in 2019. Stringent government regulations and growing safety concerns among millennials are driving the demand for this segment. Further, innovations in full-face helmets, such as ventilation system, Bluetooth compatibility, and anti-fog visor, are attracting a greater number of customers towards this product.
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Our clientele includes a mix of motorcycle helmet market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India motorcycle helmet market , including forecasts for subscribers. This country databook contains high-level insights into India motorcycle helmet market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India motorcycle helmet market size, by product, 2017-2030 (US$M)
India Motorcycle Helmet Market Outlook Share, 2021 & 2030 (US$M)
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