Increase in Ownership of Premium Motorcycles & Emphasis On Personal Safety Drive Demand for Motorcycle Helmets, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Motorcycle Helmets markets. Global market for Premium Motorcycle Helmets 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.

Motorcycle Helmets: A Global Strategic Business Report

Follow us on LinkedIn – With head injuries representing a primary cause of traffic fatalities, using helmet while driving a motorcycle is more of a necessity than choice. Helmets reduce the risk of serious head injuries by limiting the impact of collision to the head. Use of a helmet also ensures that the force of collision is spread over a greater surface and is not concentrated on the skull, thereby limiting serious injuries. With motorcycle population growing worldwide encouraged by the rise in motorcycle ownership among motorcycle enthusiasts, the issue of motorcycle safety is gaining attention. Increasing number of on-road and off-road motorcycle accidents, and strong emphasis on personal safety is helping boost helmet use. Stringent government road safety regulations and need to comply with insurance norms are also helping drive adoption of helmets among motorcyclists.

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.

Strong demand for motorcycles, especially recreational motorcycles, in Asia-Pacific is driving demand for Premium Motorcycle Helmets. The steadily expanding base of motorcycle enthusiasts is spurring market prospects in the region. Strong GDP growth, growing discretionary spends and preferences for premium high quality helmets among motorcycle transport users represent other key factors driving growth in the region. In the United States, improving economic conditions are encouraging consumer spending on expensive, recreational goods including premium motorcycles.

As stated by the new market research report on Motorcycle Helmets, Europe represents the largest market worldwide. Demand in the region declined in the year 2012 as a result of falling sales of large, expensive, leisure-oriented motorcycle models. The debt crisis induced weakening of consumer spending was largely responsible for the decline in the volume of new registrations and deliveries. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 11.0% over the analysis period.

Major players in the market include Arai Helmet Ltd., Bell Helmets, Chih Tong Helmet Co., Ltd., HJC America Inc., LAZER SA, Nolan Group S.p.A, NZI Helmets SA, SHOEI CO., LTD., and Vega Helmet Corporation, among others.

The research report titled “Motorcycle Helmets: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Premium Motorcycle Helmets in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Motorcycle_Helmets_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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