Rising Two Wheeler Sales and Increasing Safety Concerns to Boost Two Wheeler Helmet Sales in APAC through 2025
Rising Two Wheeler Sales and Increasing Safety Concerns to Boost Two Wheeler Helmet Sales in APAC through 2025
According
to TechSci Research report, “APAC
Two-Wheeler Helmet Market By Product Type, By Distribution Channel,
Competition, Forecast & Opportunities, 2025,”, APAC two wheeler helmet market is projected to grow at a
CAGR of 13% during 2021 - 2025. With the rising per capita income levels, two
wheelers market in APAC has been witnessing consistent growth over the last
decade and the trend is expected to continue in the coming years. With better avenues
in financing, customer ability in APAC to buy two-wheelers has improved
significantly over the years, thereby driving sales of two-wheeler helmets in
the region.
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Rising disposable income and increasing safety awareness
among riders are few of the other factors propelling sales of helmets in the
region. APAC two-wheeler helmet market is segmented based on
product type and distribution channel. Based on product type, the market has
been segmented into Full-Face, Open-Face, Half Face, Modular and Motorcross. Full
Face segment is predicted
to lead the market through 2025. Studds, Shoei, Vega, Steelbirds,
Aaron, Aerostar and others are some of the leading players operating in APAC
two-wheeler market. Companies operating in the market are using online
retailing to boost their share.
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In
terms of distribution channel, It has been observed that the online sales have
not significantly impacted the traditional sales channel in case of two wheeler
helmet sales. When an online order is placed, purchaser is unable to confirm
the authenticity and feel the fit & finish of the product. Also lead time
is very essential for customers. Consequently, traditional sales channel
continues to grab more than 90% of the market share.
Meanwhile,
Full-Face helmets provide complete protection to riders as compared to other
segments, and consequently, they will always be in demand. Full-Face helmet segment
accounts for a market share of around 40% in APAC two wheeler helmet market,
and the segment is expected to continue its dominance in the coming years as demand
for Full-Face helmets would remain high due to enhanced safety offered by them.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“APAC Two-Wheeler Helmet Market By Product Type,
By Distribution Channel,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of two-wheeler
helmet market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in APAC Two-Wheeler Helmet market.
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